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Market Readiness for the Digital Music Industries: A Case Study of Independent Artists

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Rethinking the Music Business

Part of the book series: Music Business Research ((MUBURE))

Abstract

This chapter examines the artist direct segment, namely independent artists self-releasing music into the global marketplace, without the financial support of record label funding. The chapter begins by defining the artist direct segment within the independent sector of the digital music industries. Second, the chapter considers key indicators that suggest an independent artist may be market ready. The premise is that artists that fulfil some or all of these market readiness indicators are more likely to build a sustainable independent career and/or attract the interest of music business intermediaries who may view these indicators as reducing risk in a competitive marketplace. The methodology consisted of twelve in-depth interviews. Participants represented a cross-section of music business professionals to validate and evolve the framework. Key findings include that the song is a central component of market readiness; that a unique brand identity and its extension in social media are important; and that a social media presence is more valuable than an artist’s website in terms of discovery and using social analytics to guide commercial decision making. The outcomes provide career development opportunities for independent artists and are useful for educators to identify appropriate areas of skills development in music industry–related programs.

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Correspondence to Shane Murphy .

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Appendix: Research Participants

Appendix: Research Participants

Participant No.

Acronym

Job title

Date of interview

1

BA

Booking agent (major festivals, tours)

31 May 2021

2

IL

A + R manager, independent record label

2 June 2021

3

MP

Music producer/independent record label head

3 June 2021

4

IMD

Independent radio music director

7 June 2021

5

IA

Independent artist (full-time)

11 June 2021

6

AM

Artist manager (platinum level)

12 June 2021

7

ME

Music business educator/producer

4 Aug 2021

8

CMD

Commercial radio music director

5 Aug 2021

9

ML

A + R manager, major record label

13 Aug 2021

10

MP

CEO, major publishing company

7 Sept 2021

11

MM

Music media owner (print-online)

8 Sept 2021

12

SS

Artist & label partnership lead, streaming service

9 Sept 2021

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Murphy, S., Hume, M. (2022). Market Readiness for the Digital Music Industries: A Case Study of Independent Artists. In: Morrow, G., Nordgård, D., Tschmuck, P. (eds) Rethinking the Music Business. Music Business Research. Springer, Cham. https://doi.org/10.1007/978-3-031-09532-0_12

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