Abstract
Abstract: The involvement of digital service providers (DSPs) or platforms, such as Spotify, Apple Music, and Tidal, that deliver streamed music, has significantly transformed the functioning of copyright management organizations (CMOs) and the compensation structure for songwriters and recording artists. The concept of platform economics has originated from the economic analysis of two-sided and multi-sided markets, providing fresh insights into business practices in the digital realm. This concept is now being applied specifically to the domain of music streaming services.
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