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Firm profitability during the servitization process in the music industry

Myrthianos, Vasileios; Vendrell-Herrero, Ferran; Parry, Glenn; Bustinza, Oscar

Authors

Vasileios Myrthianos

Ferran Vendrell-Herrero

Glenn Parry Glenn.Parry@uwe.ac.uk
Academic Associate Lecturer - BAM

Oscar Bustinza



Abstract

The music industry, as with other creative industries, has suffered a dramatic decrease in performance due to the digital disruption.

While previous literature uses revenues as a proxy for performance, this paper uses profits, confirming the link between the fall in industry revenues and firm profits.

Profits have decreased more for local firms than multinationals indicating that the large firms adapt better to technological and economic disruptions.

Journal Article Type Article
Journal Strategic Change: Briefings in Entrepreneurial Finance
Print ISSN 1099-1697
Publisher Wiley
Peer Reviewed Peer Reviewed
Volume 23
Issue 5-6
Pages 317-328
APA6 Citation Myrthianos, V., Vendrell-Herrero, F., Parry, G., & Bustinza, O. Firm profitability during the servitization process in the music industry. Strategic Change, 23(5-6), 317-328. https://doi.org/10.1002/jsc.1979
DOI https://doi.org/10.1002/jsc.1979
Keywords servititization, technological disruption, economic disruption, music industry, firm profits
Publisher URL http://dx.doi.org/10.1002/jsc.1979
Related Public URLs http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-1697
Additional Information Additional Information : First published online 19 August 2014. This is the pre-peer reviewed version of the following article: Myrthianos, V., Vendrell-Herrero, F., Parry, G. and Bustinza, O. (2014) Firm profitability during the servitization process in the music industry. Strategic Change: Briefings in Entrepreneurial Finance, 23 (5-6). pp. 317-328. ISSN 1099-1697, which has been published in final form at http://dx.doi.org/10.1002/jsc.1979.

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