The music industry, as other creative industries, has suffered dramatic decrease in performance due to the digital disruption.
While in the previous literature revenues are viewed as a proxy
for performance, this paper uses profits, confirming the link
between the fall in industry revenues and firm profits.
Profi ts have decreased more for local fi rms than multinationals,
indicating that the large firms adapt better to technological and
Myrthianos, V. [et al.]. Firm profitability during the servitization process of the music industry. "Strategic Change", 19 Agost 2014, vol. 23, p. 317-328.