Abstract
Business models in several industries have undergone a fundamental upheaval because of the virtual universe. Old business models in the music industry, for instance, were put to the test by illicit competitors, and the virtual universe has made it possible to create value from new business structures. Traditional business theories underwent a major change due to the virtual universe, but these changes differed considerably across national markets and are seldom understood. This research article will create a conceptual framework and investigate how differences in economic and cultural factors connect to different market outcomes due to the widespread usage of virtual elements. Case Study 1 studied the relationship between the virtual universe and revenue as well as the relationship between new digital business models and revenue. Case Study 2 studied the relationship between new digital business models and Case Study 3 studied the relationship between piracy virtual universe and new music business model. This research explores the significant relationship between the virtual universe and innovative music business models the result of it can be expected from this research that after the adaptation of innovative economic models in relationship with the virtual universe by the music industry piracy of music will decrease automatically. In contrast, it is found that the arrival of the most current development of streaming platforms, like Spotify, is associated with lower levels of music piracy and that overall earnings only rise after their launch.
Author Information
Manish Sharma, Lovely Professional University, India
Kulwinder Singh, Lovely Professional University, India
Pawan Kumar, Lovely Professional University, India
Manvendra Singh, Lovely Professional University, India
Paper Information
Conference: BAMC2023
Stream: Media Studies
This paper is part of the BAMC2023 Conference Proceedings (View)
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To cite this article:
Sharma M., Singh K., Kumar P., & Singh M. (2023) Relationships Between Virtual Universe, Innovative Business Models, Music Sales, and Music Piracy: Conceptual Case Studies ISSN: 2435-9475 – The Barcelona Conference on Arts, Media & Culture 2023: Official Conference Proceedings https://doi.org/10.22492/issn.2435-9475.2023.10
To link to this article: https://doi.org/10.22492/issn.2435-9475.2023.10
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