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Assessing complementarities between live performances and YouTube video streaming
Juan D Montoro-Pons1, María Caballer-Tarazona1, Manuel Cuadrado-García2
1Department of Applied Economics, Universitat de València, València, Spain.
Summary
Live music performances significantly boost online video searches for artists, with female musicians seeing a larger increase. This highlights how concerts drive engagement in the recorded music market.
Area of Science:
- Economics of the Music Industry
- Digital Media and Entertainment Analytics
- Sociology of Music
Background:
- The music industry's revenue streams are increasingly reliant on live performances due to digitization and accessibility of recorded music.
- Assessing the full economic impact of concerts, including indirect effects, is crucial for understanding music ecosystem sustainability.
Purpose of the Study:
- To analyze the spillover effects of live music performances on YouTube video streaming trends.
- To investigate the causal relationship between playing live and subsequent online engagement.
- To explore potential gender-specific differences in these spillover effects.
Main Methods:
- A sample of 190 artists from two international music festivals (2016-2019) was analyzed.
- Temporal patterns of online video searches were collected for each artist.
- A regression discontinuity design was employed to identify causal impacts.
Main Results:
- A statistically significant increase in the YouTube search index was observed for artists immediately following live performances.
- Female performers experienced a disproportionately larger increase in YouTube searches compared to male performers.
- The findings suggest a causal link between live events and engagement in the digital music market.
Conclusions:
- Live performances demonstrably drive engagement in related markets, specifically YouTube video streaming.
- Technological advancements facilitate alternative revenue streams for musicians through live event promotion.
- A notable gender bias in YouTube search increases warrants further investigation into underlying factors.
Keywords:
DigitizationGender gapLive musicRecorded musicRegression discontinuity designSpillover effectsMore Related Videos
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