This article explores the impact of the Internet on the supply chain for music. Music is a massive global industry worth $38 billion annually. The global music industry is dominated by the “big five” major record companies. However, as this article will show, the advent of the Internet is...

Purpose – Music can be copied and distributed almost without cost via the internet, while payment and distribution technologies are reducing the transaction costs of its commercial exchange. In the case of MP3 the cost of swapping music files is negligible, for both the supplier uploading the...