9781984884077
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Rockonomics audiobook

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Rockonomics Audiobook Summary

Alan Krueger, a former chairman of the president’s Council of Economic Advisers, uses the music industry, from superstar artists to music executives, from managers to promoters, as a way in to explain key principles of economics, and the forces shaping our economic lives.

The music industry is a leading indicator of today’s economy; it is among the first to be disrupted by the latest wave of technology, and examining the ins and outs of how musicians create and sell new songs and plan concert tours offers valuable lessons for what is in store for businesses and employees in other industries that are struggling to adapt.

Drawing on interviews with leading band members, music executives, managers, promoters, and using the latest data on revenues, royalties, streaming tour dates, and merchandise sales, Rockonomics takes readers backstage to show how the music industry really works–who makes money and how much, and how the economics of the music industry has undergone a radical transformation during recent decades.

Before digitalization and the ability to stream music over the Internet, rock stars made much of their income from record sales. Today, income from selling songs has plummeted, even for superstars like James Taylor and Taylor Swift. The real money nowadays is derived from concert sales. In 2017, for example, Billy Joel earned $27.4 million from his live performances, and less than $2 million from record sales and streaming. Even Paul McCartney, who has written and recorded more number one songs than anyone in music history, today, earns 80 percent of his income from live concerts. Krueger tackles commonly asked questions: How does a song become popular? And how does a new artist break out in today’s winner-take-all economy? How can musicians and everyday workers earn a living in the digital economy?

Includes a PDF of charts and graphs.

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Rockonomics Audiobook Narrator

Fred Berman is the narrator of Rockonomics audiobook that was written by Alan B. Krueger

About the Author(s) of Rockonomics

Alan B. Krueger is the author of Rockonomics

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Rockonomics Full Details

Narrator Fred Berman
Length 9 hours 6 minutes
Author Alan B. Krueger
Category
Publisher Penguin Random House Audio Publishing Group
Release date April 27, 2024
ISBN 9781984884077

Subjects

The publisher of the Rockonomics is Penguin Random House Audio Publishing Group. includes the following subjects: Radiohead, winner take all, prime, Bono, Gloria Estefan, music theory, tech gifts, music gifts, gifts for men, advertising, history of rock and roll, discrimination and disparities, supply and demand, Alan Krueger, streaming music, Paul Simon, Billy Joel, Bruce Springsteen, Garth Brooks, Taylor Swift, Amazon music, iTunes, Pandora, Spotify, gig economy, Paul McCartney, music history, music business, music, behavioral economics, gifts for dads, amazon, business books, business, money, technology, gifts for music lovers, economics, Business & Economics, Economics, Theory, Business & Economics, Industries, General, Music, General The BISAC Subject Code is Business & Economics, Economics, Theory

Additional info

The publisher of the Rockonomics is Penguin Random House Audio Publishing Group. The imprint is Random House Audio. It is supplied by Penguin Random House Audio Publishing Group. The ISBN-13 is 9781984884077.

Global Availability

This book is only available in the United States.

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