Digitization, Unbundling, and Piracy: Consumer Adoption amidst Disruptive Innovations in the Music Industry

Digitization of music and the Internet have fundamentally disrupted the music industry by altering the way music is packaged, distributed, and consumed. These disruptive innovations have enabled music to be purchased as an individual song (digital single) or as an album (digital album) or to be enjoyed without paying for it (unlicensed digital music). Prior to these innovations, music was primary distributed as an album using a physical format...