Current Trends in the Czech Music Industry

The rapid and intense emergence of new technologies has had a huge impact on cultural industries in general, the music industry has been one of the most significantly affected sectors and the last few decades have seen the initiation of significant changes in virtually all areas of the music industry, bringing about a fundamental transformation of both the recording and live music industries. There have been changes in the structure of revenues, distribution and communication channels that have led, among other things, to the increased importance of the concert industry for both artists themselves and music professionals. The crisis triggered by the Covid-19 pandemic has accelerated some of these changes, and the already ongoing digitisation of music content, its distribution and consumption has become significantly more important. This thesis uses qualitative and quantitative methods to identify the key stakeholders of the Czech music industry, current trends in particular areas of their business models and trends in consumer behaviour in music content consumption. Individual analyses focus on the transformation of the music industry value chain in recent years and its adaptation to the predominantly technological innovations in music creation, production, distribution and consumption in the music market.