Presented by CIPS and the International Political Economy Network (IPEN).
Free. In English. Registration is not required. Seating is limited and available on a first come, first served basis.
Michael Lewis famously described the dot.com phenomenon of the late 1990s as ‘an experiment in capitalism with too much money’ (Lewis, M, 2001, The New, New Thing: A Silicon Valley Story, Penguin, London). Partly as a result of technologies produced by the dot.com boom the contemporary musical economy is undergoing an experiment with insufficient money, or at least with much lower amounts of money than hitherto. Record labels are still the predominant sources of investment within networks of musical creativity, although these budgets are much reduced from their peak in the late 1990s as record companies have responded to the problems of defending copyright in the face of file sharing on peer-to-peer networks by making smaller and more cautious investments. As traditional methods of funding have waned so alternative methods of funding have emerged. This talk considers the funding ecology of the musical economy. A new set of musical business models have emerged that range from private equity and venture capital, through transactional models and performance-based self-provision, to fundraising, including both public funds and private sponsorship. He speculates on the equity implications of this emerging funding ecology which may favour groups and individuals who are able to draw on reserves of particular kinds of economic and social capital.
Andrew Leyshon is Professor of Economic Geography and Head of the School of Geography (2011-2015), University of Nottingham. He has authored and edited several books and published over 100 academic papers and chapters. He was Editor-in-Chief of Geoforum between 1995-2006, has presented over 90 conference papers and seminars, been a Principal Investigator on six major Economic and Social Research Council grants. He was, until 2012, Deputy Director of the Financial Services Research Forum at Nottingham University Business School. He is a member of the Editorial Board of Environment and Planning A, and of the Editorial Advisory Board of Economy and Society. In 2007 he was elected as an Academician of the Academy of Social Sciences and he is a Fellow of the Royal Institution of British Geographers