Understanding the Music Industry and Pop Culture

Flashcards covering key concepts and vocabulary related to the music industry's current state, consumption trends, and the ontology of pop music.

Leisure Music

No. 1 leisure activity in the U.S. with 75% of consumers counted as music listeners.

The Long Tail

The main area of growth in streaming consisting of songs outside of the Top 10K tracks.

Cultural Capital

A concept by Pierre Bourdieu indicating that social status can be acquired through taste in music.

Commercially Oriented Music

Music recorded by an artist who did not author it; often driven by market trends.

Synchronization Rights

Revenue derived from performance and usage rights in media, accounting for 2.0% of music revenues.

Digital Music Revenues

84% of music revenues come from streaming, significantly dwarfing revenues from physical and digital downloads.

Music Bundling

The practice where ISPs and telecoms offer music services as part of their products.

Superfans

Fans who are central to artist growth strategies within the music industry.

Pop Music Ontology

Explores the idea that pop music, as a distinct category, may not exist yet holds significant cultural power.

Streaming vs. Downloads

Streaming is preferred, with 84% of music revenues coming from it, compared to only 2% from digital downloads.