Superstar effects on royalty income in a performing rights organization

Pitt, Ivan L.

doi:10.1007/s10824-010-9123-1

Cited by 23 publications

(4 citation statements)

References 11 publications

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“…With all this, it is empirically shown how the key figure, both in the valuation of the flamenco work (Heredia-Carroza et al, Forthcoming) and in the attendance frequency to live flamenco shows, is the performer (Throsby, 1983). Nevertheless, such importance has neither a retribution (Pitt, 2010;Meiseberg, 2014) nor protection, according to its importance by part of the main instrument given by the market: Copyright (de Román, 2003;Towse, 2007;Heredia-Carroza, Palma & Aguado, 2017). According to Heredia-Carroza et al (2019c):…”

Section: Discussion Of the Resultsmentioning

confidence: 99%

Determinants of attendance frequency to flamenco shows in Spain. A cultural economic approach

Heredia-Carroza

Martos

Marı́n

2020

RMCE

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This article aims to determine which variables have effect on the attendance frequency to live flamenco shows. Firstly we have done interviews to flamenco and music industry experts to achieve new-fangled variables in our analysis. Secondly, these variables were valued by flamenco consumers through surveys. Afterwards, with these data, we used a methodology based on different econometric models to obtain the coefficients of the variables. The results show how variables such as educational level, the way the music is listened or the valuation of the performer, amongst others, have an influence on the attendance frequency to flamenco live shows. The article contributes to the scarce empirical literature relating attendance frequency determinants to traditional popular genres by adding never studied before variables, focusing on the flamenco case.

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Section: Discussion Of the Resultsmentioning

confidence: 99%

Determinants of attendance frequency to flamenco shows in Spain. A cultural economic approach

Heredia-Carroza

Martos

Marı́n

2020

RMCE

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“…Even the tunes that went to the top, substantial differences existed, so the income in the music industry is highly skewed and asymmetrical. Pitt (2010b), in a study about royalty incomes of the so-called "performing rights organizations," argued that little evidence existed on smaller niches dominating or replacing the superstars. Taking another area of cultural goods, movies, Walls (2005) found that this market had a "winner takes all" property where a small proportion of successful films earned most of the box-office revenues.…”

Section: The "Winner Takes All"-the Superstar Effectmentioning

confidence: 99%

Digital music and the “death of the long tail”

Coelho

Mendes

2019

Journal of Business Research

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“…On the more applied domain, numerous publications motivated by application problems have further highlighted the ST usefulness, typically with data distributions featuring substantial tailweight and asymmetry. For space reasons, the following list reports only a few of the many publications of this sort, with a preference for early work: Walls (2005) and Pitt (2010) use the ST distribution for modelling log-transformed returns of film and music industry products as a function of explanatory variables; Meucci (2006) and Adcock (2010) develop methods for optimal portfolio allocation in a financial context, where long tails and asymmetry of returns distribution are standard features; Ghizzoni et al (2010) use the multivariate ST distributions to model riverflow, jointly at multiple sites; Pyne et al (2009) present an early model-based clustering formulation using the multivariate ST distributions as the basic component for flow cytometric data analysis.…”

Section: Background and Aims 1flexible Distributions: The Skew-t Casementioning

confidence: 99%

Some computational aspects of maximum likelihood estimation of the skew-$t$ distribution

Azzalini¹,

Salehi²

2019

Preprint

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Since its introduction, the skew-t distribution has received much attention in the literature both for the study of theoretical properties and as a model for data fitting in empirical work. A major motivation for this interest is the high degree of flexibility of the distribution as the parameters span their admissible range, with ample variation of the associated measures of skewness and kurtosis. While this high flexibility allows to adapt a member of the parametric family to a wide range of data patterns, it also implies that parameter estimation is a more delicate operation with respect to less flexible parametric families, given that a small variation of the parameters can have a substantial effect on the selected distribution. In this context, the aim of the present contribution is to deal with some computational aspects of maximum likelihood estimation. A problem of interest is the possible presence of multiple local maxima of the log-likelihood function. Another one, to which most of our attention is dedicated, is the development of a quick and reliable initialization method for the subsequent numerical maximization of the loglikelihood function, both in the univariate and the multivariate context.

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Superstar effects on royalty income in a performing rights organization

Abstract: Skew-normal, Skew-t , Songwriters, Composers, Music Publishers, Performance Copyright and Media Studies, C23, C46, C51, L82, O34, Z1,

Cited by 23 publications

References 11 publications

Determinants of attendance frequency to flamenco shows in Spain. A cultural economic approach

Determinants of attendance frequency to flamenco shows in Spain. A cultural economic approach

Digital music and the “death of the long tail”

Some computational aspects of maximum likelihood estimation of the skew-$t$ distribution

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