The Music Industry ๐Ÿ‘ฉโ€๐ŸŽค๐ŸŽธ Flashcards

(28 cards)

1
Q

How much was the UK music market worth in 2019 and 2023?

A

ยฃ1599 m to ยฃ2219 m

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2
Q

What does the consumption of UK music shape?

A

Identity and common interests

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3
Q

What is the a significant number of under managing resources at live music events ?

A

Temporary workers

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4
Q

What are some jobs at live music events?

A

Singer ๐Ÿ‘ฉโ€๐ŸŽค
site manager
Police ๐Ÿ‘ฎโ€โ™€๏ธ
distributions
Land developer
litter picking
broadcasting

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5
Q

How may we motivate workers? What theories would we use?

A

Herzberg -motivational and hygienic factors - exclusive services toilet
stands for water

Maslow - basic needs- financial as renumeration- jobs can be difficult etc - casualties

Nonfinancial job rotation or free/discounted tickets or Better accommodation

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6
Q

What are the three ways that the brat phenomenon influence had influence on music and social trends globally?

A

Music
Social trends

fashion

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7
Q

Explain how brat had an influence on music and influence on music of social trends

A

high energy dance pop tracks like 360 provided soundtrack for new social trends from TikTok and dance to rave

The album cover lead to challenges viral challenges creating a sense of co-creation between Charli XCX and fans

Bright aesthetic of new green album, simple and memorable easy to replicate widespread trend

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8
Q

How did BRAT influence fashion and the music industry?

A

Play accessories and Y2K Revival - increase in popularity and also playful fun spirit that aligned with Gen Z

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9
Q

How does the album Brat link with Social trends and music and how it can be important and peoples lives ?

A

Emphasises

Queer visibility
mental health and
marginalise voices

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10
Q

What are some PESTLE factors on the music industry?

A

Political - hidden political messages

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11
Q

How is customer experience seen with an independent retailers and multinational retailers?

A

Independent - personal and community base

multinational - convenient and data driven

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12
Q

How is the revenue model for independent and multinational retailers?

A

Independent unit based march tickets
Multinational - subscription

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13
Q

How do independent retailers and international retailers reach their audiences?

A

Independent - local multinational - global - online

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14
Q

What are the profit margins like for independent retailers and multinational retailers?

A

Low volume higher price

Low unit, higher volume

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15
Q

What is the marketing approaches for independent retailers and multinational retailers?

A

Independent retailers - word-of-mouth events, social media Collabs

Multinational - algorithm, large scale campaign

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16
Q

How is the artist support within the UK music industry with independent retailers and multinational retailers?

A

Independent- strong artist -fan relationship

Multinational- artist payout high exposure

17
Q

What is Spotify ?

18
Q

Where do UK musically tall markets belong to?

A

Private sector main aims to make a profit they are very in size ๏ฟผ

19
Q

What is an independent retailer?

A

That is responsible for their own business ๏ฟผ

20
Q

What are independent retailers? Why ?

A

Niche - people seek alternatives other than mainstream music streaming - Vintage vinyl

22
Q

What has great overtime due to a growth and vinyl record sales? ๏ฟผ

A

Independent retailers - 23% of music outlets ๏ฟผ

23
Q

Why did the number of independent music outlets peak before COVID-19? ๏ฟผ

A

Despite support from government, they were unable to survive due to an increase in costs and inflationary pressures ๏ฟผ

24
Q

What are independent retailers moving to?

A

Beacon shops and customers are looking to support local independent stores ๏ฟผ

25
However, whatโ€™s happening to the small retailers that move to vacant shops?
Entrepreneurs are identify shops and purchasing them at a predominant High Street location a reasonable price to avoid another shop across the High Street affecting independent music retailers ๏ฟผ
26
To avoid important exporting what main multinational businesses do?
Make a sell products within the host country - not exposed to the exchange rate ๏ฟผ
27
What happened to HMVโ€™s sales but have a extension of a website ๏ฟผ
Half of the UK is by sales was from HMV ๏ฟผ
28
How big music retailers grow ๏ฟผ
Go through creativity may need to inject new ideas and alter leadership styles ๏ฟผ