In the last couple episodes, we've looked at the property market, we've looked at the demise of Credit Suisse, but now we're gonna go one-on-one with Will Page, talking about his latest work: How much is copyright worth and the way in which music is having its own, getting back at cinema.
For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.com
You can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/
More on Will Page at: https://pivotaleconomics.com
In this episode of Bubble Trouble, Richard Kramer and economist Will Page dive into the fascinating world of music copyright. They explore the market value, currently pegged at $45.5 billion, and discuss what this number entails, including the roles of record labels, collecting societies, and publishers. They delve deep into the growing significance of vinyl records, the influence of streaming services, and the striking impact of globalization on music trade flows. Additionally, they discuss new market opportunities, the potential for further growth, and the future of direct artist-to-fan engagements. Join the conversation to understand the changing dynamics of the music industry and the economic forces shaping it.
00:00 Introduction to Bubble Trouble
00:35 Part One
01:10 Exploring the Value of Copyright
02:23 The Economics of Music Copyright
07:12 Streaming vs. Cinema: A Shift in Consumption
17:08 The Vinyl Revival
19:31 Part Two
19:31 Global Impact of Music Copyright
22:32 The Global Impact of Reggaeton
22:47 Economic Disparities in Music Streaming
23:25 The Big Mac Index and Media Trade
24:50 K-Pop's Global Dominance
26:20 The Role of Government in Music Industry Success
28:36 Canada's Multicultural Music Scene
30:06 The Rise of Punjabi-Canadian Artists
33:12 The Future of Music Copyright and Streaming
37:41 Direct Artist-to-Fan Relationships
40:50 Emerging Markets and the Future of Copyright
41:51 Conclusion and Future Episodes
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