In the last couple episodes, we've looked at the property market, we've looked at the demise of Credit Suisse, but now we're gonna go one-on-one with Will Page, talking about his latest work: How much is copyright worth and the way in which music is having its own, getting back at cinema.

For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.com

You can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/

More on Will Page at: https://pivotaleconomics.com

In this episode of Bubble Trouble, Richard Kramer and economist Will Page dive into the fascinating world of music copyright. They explore the market value, currently pegged at $45.5 billion, and discuss what this number entails, including the roles of record labels, collecting societies, and publishers. They delve deep into the growing significance of vinyl records, the influence of streaming services, and the striking impact of globalization on music trade flows. Additionally, they discuss new market opportunities, the potential for further growth, and the future of direct artist-to-fan engagements. Join the conversation to understand the changing dynamics of the music industry and the economic forces shaping it.

00:00 Introduction to Bubble Trouble

00:35 Part One

01:10 Exploring the Value of Copyright

02:23 The Economics of Music Copyright

07:12 Streaming vs. Cinema: A Shift in Consumption

17:08 The Vinyl Revival

19:31 Part Two

19:31 Global Impact of Music Copyright

22:32 The Global Impact of Reggaeton

22:47 Economic Disparities in Music Streaming

23:25 The Big Mac Index and Media Trade

24:50 K-Pop's Global Dominance

26:20 The Role of Government in Music Industry Success

28:36 Canada's Multicultural Music Scene

30:06 The Rise of Punjabi-Canadian Artists

33:12 The Future of Music Copyright and Streaming

37:41 Direct Artist-to-Fan Relationships

40:50 Emerging Markets and the Future of Copyright

41:51 Conclusion and Future Episodes

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How Much Is Copyright Worth?