Stochastic dynamics of music album lifecycle: An analysis of the new market landscape

Bhattacharjee, Sudip; Gopal, Ram D.; Lertwachara, Kaveepan; Marsden, James R.

doi:10.1016/j.ijhcs.2006.08.004

Cited by 14 publications

(11 citation statements)

References 15 publications

(14 reference statements)

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“…The stochastic dynamics of the music album lifecycle was studied by Bhattacharjee et al (2007). Due to the advent of file sharing and other such processes, album time in the charts has shortened.…”

Section: Literature Reviewmentioning

confidence: 99%

Rankings as coordination games: the Dutch Top 2000 pop song ranking

Prinz

2016

J Cult Econ

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The Dutch Top 2000 pop song ranking has been broadcast each year since 1999 between Christmas and New Year's Eve. As a nationwide event, it receives cult status in the Netherlands. In this paper, it is argued that rankings are coordination games. To demonstrate this, statistical methods are applied, first to analyze the extent to which competition prevails between pop songs. While conventional charts collect pop song rankings on a commercial basis, the Top 2000 ranking is voted on once a year. Moreover, a very wide range of songs is allocated to 2000 positions. The ranking displays tremendous stability among the top five songs over the years and demonstrates the importance of superstardom. Moreover, a detailed statistical analysis provides evidence that there is hardly any competition among the most liked 100-150 songs. The empirical distribution of these songs follows a Pareto distribution, whereas the songs up to rank 1500 are exponentially distributed. These different distributions may be explained by two different voting strategies, namely voting for the individually most liked songs and voting to maximize the social value of the Top 2000 by taking account of the assumed preferences of other voters. In this manner, superstardom acts as a coordination device in a large-scale coordination game.

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Section: Literature Reviewmentioning

confidence: 99%

Rankings as coordination games: the Dutch Top 2000 pop song ranking

Prinz

2016

J Cult Econ

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“…The latter informs a current debate about the impact of illegal file sharing on music sales. Some researchers maintain that file sharing has no discernable net effect on sales (e.g., Oberholzer-Gee and Strumpf 2007), while others find evidence that it erodes revenues, albeit sometimes to a relatively modest degree (e.g., Bhattacharjee et al 2007a).…”

Section: Modeling Approachmentioning

confidence: 99%

Bye-Bye Bundles: The Unbundling of Music in Digital Channels

Elberse

2010

Journal of Marketing

148

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Fueled by digital distribution, unbundling is prevalent in many information and entertainment industries. What is the effect of this unbundling on sales, and what bundle characteristics drive this effect? I empirically examine these questions in the context of the music industry, using data on weekly digital-track, digital-album, and physical-album sales from January 2005 to April 2007 for all titles released by a sample of over 200 artists. My modeling framework, a system of an "album-sales" and a "song-sales" equation estimated using the seemingly-unrelated-regression method, explicitly accounts for the interaction between sales for the bundle and its components. I find that revenues decrease significantly as digital downloading becomes more prevalent, but that the number of items included in a bundle (a measure of its "objective" value) is not a significant moderator of this effect.Instead, I find that bundles with items that are more equal in their appeal and bundles offered by producers with a strong reputation suffer less from the negative impact of the shift to mixed bundling in online channels.

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“…Bhattacharjee et al . [ 5 ] developed a stochastic model of the distribution of album longevity in the Billboard Top 100 Chart. It was found that, since the advent of file-sharing networks and related market changes, the probability of songs’ survival in the charts decreased, and the albums that do survive then have much improved prospects.…”

Section: Introductionmentioning

confidence: 99%

Musical trends and predictability of success in contemporary songs in and out of the top charts

et al. 2018

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We analyse more than 500 000 songs released in the UK between 1985 and 2015 to understand the dynamics of success (defined as ‘making it’ into the top charts), correlate success with acoustic features and explore the predictability of success. Several multi-decadal trends have been uncovered. For example, there is a clear downward trend in ‘happiness’ and ‘brightness’, as well as a slight upward trend in ‘sadness’. Furthermore, songs are becoming less ‘male’. Interestingly, successful songs exhibit their own distinct dynamics. In particular, they tend to be ‘happier’, more ‘party-like’, less ‘relaxed’ and more ‘female’ than most. The difference between successful and average songs is not straightforward. In the context of some features, successful songs pre-empt the dynamics of all songs, and in others they tend to reflect the past. We used random forests to predict the success of songs, first based on their acoustic features, and then adding the ‘superstar’ variable (informing us whether the song’s artist had appeared in the top charts in the near past). This allowed quantification of the contribution of purely musical characteristics in the songs’ success, and suggested the time scale of fashion dynamics in popular music.

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Stochastic dynamics of music album lifecycle: An analysis of the new market landscape

Cited by 14 publications

References 15 publications

Rankings as coordination games: the Dutch Top 2000 pop song ranking

Rankings as coordination games: the Dutch Top 2000 pop song ranking

Bye-Bye Bundles: The Unbundling of Music in Digital Channels

Musical trends and predictability of success in contemporary songs in and out of the top charts

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