Music industry intermediation in the digital era and the resilience of the Majors’ oligopoly: the role of transactional capability Rémy Guichardaz, Laurent Bach, Julien Penin To cite this version: Rémy Guichardaz, Laurent Bach, Julien Penin. Music industry intermediation in the digital era and the resilience of the Majors’ oligopoly: the role of transactional capability. Industry and Inno- vation, Taylor & Francis (Routledge), 2019, 26 (7), pp.843-869. 10.1080/13662716.2018.1561357. hal-02182067 HAL Id: hal-02182067 https://hal.univ-lorraine.fr/hal-02182067 Submitted on 6 Jan 2020 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. Music Industry Intermediation in the Digital Era and the Resilience of the Majors’ Oligopoly: The Role of Transactional Capability Rémy GUICHARDAZ, Laurent BACH, Julien PENIN University of Strasbourg, CNRS BETA UMR 7522 F-67000 Strasbourg, France Corresponding author:
[email protected] Abstract The digital revolution has significantly impacted on the traditional business model of the music industry by lowering barriers to market entry. This change is usually depicted as a throwback to the past in which artists have more control and autonomy in the business thanks to a new range of online intermediaries that challenge the big incumbent firms, the so-called “Majors” (Universal, Sony, and Warner).