LECTURE 8: CURATION IN RECORD SHOPS Flashcards
How are digital tech democratising the tools of production, creating new channels of promotion and distribution and exposing local firms to global competition? (2)
3) The result?
1) e-commerce giants such as Amazon, which offer massive selections, low prices and free international shipping, threaten the survival of smaller retail chains and independent outlets
2) the ability of online platforms such as Apple’s iTunes store, Netflix and Spotify to instantaneously stream digitised cultural content such as movies, makes shopping for and consuming this content increasingly ‘on-demand’ and ‘placeless’
3) Growing perception that patronising bricks and mortar retail shops is more expensive and time-consuming than shopping online
Literature suggesting that physical retailers can remain competitive etc is missing a few things (3):
1) It doesn’t say much about exactly how such strategies can be operationalized in specific locations and retail segments
2) the evolving relationship between physical and virtual spaces of distribution and curation
3) how the preferences and practices of consumers are changing in the digital age
Music & digital revolution case study
- However, despite the apparent obsolescence of physical formats and retail spaces, the demand for ___ is increasing and some independent record shops …
Since late 1990s - legal and illegal downloading, music streaming services like spotify and competition from entertainment alternatives have reduced the value of recorded music and put literally thousands of record shops in Europe and North America out of business
vinyl records
not only remain open but attractive spaces of consumption and vital anchors of local neighbourhood scenes
3 ways in which independent record shops create value:
1) Offering in-store experiences
2) By offering curation in the form of personalized recommendations
3) By tapping into global markets
Why study Stockholm?
1) Sweden is a well-established player in the global music market
2) Swedish consumers have been early adopters of digital practices such as the illegally downloading music
When did Spotify start in Sweden
2008
1) Percentage of digital music sales in Sweden?
2) Result?
1) Relatively high - 79% as of 2013
2) This has arguably put more competitive pressure on physical formats and retailers, such as independent record shops, than in other markets in Europe and North America.
Until ___ recorded music was only available in physical formats like CDs and consumers were forced to visit independent or chain-owned record shops
- Those were the ___ because…
- Early 2000 =
the late 1990’s
- ‘happy days’ because demand was strong and there was no need to be innovative or strategic to make sales.
- Introduction of digital formats like MP3s, file sharing
networks such as Napster, and the widespread practice of illegally downloading copyrighted music files constituted a structural shock to the music industry which hit music retailers particularly hard
Early 2000, Sweden example
700 music retailers closed between 2000 and 2010 and similar declines were seen across Europe and North America.
By mid-2000s = … and digital music was being monetised and distributed through …
industry was starting to recover from the so-called MP3-Crisis and digital music was being monetised and distributed through legal channels such as Apple’s iTunes music store.
Scholars are still fixed on the impact of illegal downloading BUT Brain thinks we need to pay more attention to the impact of
legal music streaming as Jack does in his research
Downloading and Spotify quote
“Downloading was difficult for a lot of people but Spotify killed us!…Because they told consumers that they could get all the music in the world, for the same price as a one CD”
2 other developments important to mention (2) :
E.g. of record shops
1) Digital tech have not only created new ways of marketing and distributing music but they have also facilitated the rise of independent music production which has made the marketplace for music increasingly global, saturated and competitive.
2) Consumers have been empowered by unprecedented choice but on the other, negotiating the marketplace, to discover interesting and relevant content, has become increasingly difficult and the demand for personalised recommendations is increasing
- Thus although record shops have lots their monopoly on music distribution they remain vital spaces and sources of music-related information, advice and curation
1) Increasing ubiquity of digital music has also been accompanied by an apparent resurgence of ______
2) Status in US
1) vinyl records
2) Between 2006 and 2013, for example, vinyl sales in the U.S. increased by 599% with two-thirds being purchased at independent record shops.
Counter trend is being drive by (3)
1) the disposable nature of MP3’s
2) the demand for artwork, superior sound quality
3) the experience of finding, opening, feeling, looking at, listening to and displaying vinyl records.
In addition to older consumers trying to resurrect nostalgic experiences of record collecting, who else is buying vinyl instead of or in conjunction with digital formats
Quote:
- young people - in their teens and early 20’s
Quote: “ I would say two years ago we didn’t have that many 20-year- olds in the store, but now we have loads of them. The hipsters are coming in!”
Strategies that indie shops are using to create value and engage consumers:
1) Shops offering experiences
2) Relates to curation
‘Offering experiences’ is the process of ___
adaptation
Hendricks observation to visiting record shops and consuming records
Highlights that there is a ritual and tactile dimension to visiting record shops and consuming records as physical objects - so the experience of walking into a store, picking up a record, touching it, going home and listening to it is valuable to consumers and something that pressing a button on your phone can’t replicate.
Record Store day
1) Date
2) Purpose
3) Interestingly whereas music is often given away for free online, on record store day..
1) Saturday April 16th
2) Christmas for music lovers where indie record shops around the world host live shows which spill into the streets, sell limited edition releases only on that day and generally celebrate the idea of supporting local physical shops and formats
3) people are willing to queue up for 7 hours to get in spend hundreds of pounds on exclusive goods and experiences.