• Summary
  • Contents
  • Subject index

Culture is big business. It is at the root of many urban regeneration schemes throughout the world, yet the economy of culture is under-theorized and under-developed. In this wide-ranging and penetrating volume, the economic logic and structure of the modern cultural industries is explained. The connection between cultural production and urban-industrial concentration is demonstrated and the book shows why global cities are the homelands of the modern cultural industries. This book covers many sectors of cultural economy, from craft industries such as clothing and furniture, to modern media industries such as cinema and music recording. The role of the global city as a source of creative and innovative en

The Recorded Music Industry in the United States
The recorded music industry in the United States

There are few sectors that can more dramatically illustrate the theme of the convergence between the economic and the cultural in modern life than the recorded music industry, which not only is a major economic force in its own right, but also supplies a final product that has virtually no other interest to the consumer than its aesthetic and semiotic content. It is, in the terms of Bourdieu (1971), a purely symbolic good, though its roots go deeply into an everyday world of business decisions and productive labor (cf. Leyshon et al., 1998). My strategy in the present chapter is to steer a course that moves backward and forward between ...

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