The music industry is the most financialized cultural sector

Evidence

Topically, this book looks at film, television, and music specifically, though it gestures toward other forms of media and its lessons are applicable to other aspects of the cultural industries. The subtitle of the book suggests that financialization is occurring across all of the cultural industries, in addition to “legacy media,” just as it is occurring to varying degrees across nearly all aspects of capitalist societies. The music industry is the most financialized, as detailed in chapter 3. Hollywood is not far behind, as seen in chapter 4. Though not covered in this book, journalism and newspapers have been subject to predatory financial extraction, particularly from hedge funds, as has contemporary art, video games, and social media. — Andrew deWaard, Derivative Media, 45

Categorization

• XREF: Supports the reader’s aim of tracing whether finance leaves fingerprints on form; music being most financialized suggests it is the best test case for causation.