Hi music lovers,
I’m a sophomore student, conducting a research project on the value of music. While music is not a physical object that can be tangibly owned like a fine art piece, I am still curious to know how much you would be willing to pay for a piece of music if you could. Of course, it will vary depending on your personal taste as to which artists or genres you like, but I’m hoping to get a general sense of what people think. If you have a few minutes, please take a look at the link below and leave a response. Your feedback would be greatly appreciated.
Thanks in advance!
@eleste I will also complete your form, but I’m struggling to imagine how this would look like in practice. In painting, you would own the original painting and all other paintings would be made after it would be just a copy. I guess in music’s case it would be a negative copy of some sort for that particular record? Or if i.e. an album would be recorded digitally, that would mean owning the original files or the hard disk they were originally stored? What if the files were copied on a USB stick or transfered through whatever means from computer to computer? Or if they were restored from a backup, would that mean that their value would be affected in any way?
Original recordings and masters are worth something, if I owned the original masters of a favourite song or album I’d be beyond pleased.
Thank you so much for leaving your opinion here. Yes if it’s possible I personally believe it would be amazing…
First of all, thank you for complete this form.
In order for the concept of owning music to work in the same way as owning a work of art, there needs to be a way to control the replication of music. This is difficult to achieve because it is very easy to replicate and transmit digital music.
However, the music industry is exploring new ways to own music. For example, some music streaming services allow users to download specific songs or albums for offline listening. In this case, users obtain a kind of “digital ownership” of the song or album.
In addition, new ways to manage music ownership are being developed using blockchain technology. Blockchain is a distributed ledger that can track and manage ownership of digital assets. By using blockchain to manage music ownership, it will be possible to control the replication and transmission of music and protect the value of music more effectively.
It will be interesting to see how new ways to own music will develop in the future.