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• W2094369878 abstract "The fundamental flaw of previous attempts to monetize digital music has been the industry’s insistence on treating music solely as a commodity. The digital revolution demands music be shared culture, and successful monetization will require music be treated as such. This article outlines the ideas behind Cultural Capital, a collaborative research project that explores the theoretical trajectories, legal ramifications and technical components involved in creating a non-profit patronage system uniting musicians and fans. Cultural Capital operates on three fronts: first, a social network of user-generated listening and sharing habits; second, opt-in tracking software that harvests the musical consumption of users, then facilitates equitable compensation to creators; third, a legal intervention aiming to provide a legitimate space for the digital consumption of music. Incorporating the multitude of individuals who propel the cultural industries, this essay argues for establishing a ‘radical monetization’ of the music industry based on connectivity and sharing." @default.
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• W2094369878 date "2013-06-10" @default.
• W2094369878 modified "2023-09-30" @default.
• W2094369878 title "The Cultural Capital Project: Radical Monetization of the Music Industry" @default.
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• W2094369878 doi "https://doi.org/10.5429/2079-3871(2012)v3i1.4en" @default.
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