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http://dx.doi.org/10.13088/jiis.2020.26.3.171

Derivation of Digital Music's Ranking Change Through Time Series Clustering  

Yoo, In-Jin (Graduate School of Business IT, Kookmin University)
Park, Do-Hyung (School of MIS / Graduate School of Business IT, Kookmin University)
Publication Information
Journal of Intelligence and Information Systems / v.26, no.3, 2020 , pp. 171-191 More about this Journal
Abstract
This study focused on digital music, which is the most valuable cultural asset in the modern society and occupies a particularly important position in the flow of the Korean Wave. Digital music was collected based on the "Gaon Chart," a well-established music chart in Korea. Through this, the changes in the ranking of the music that entered the chart for 73 weeks were collected. Afterwards, patterns with similar characteristics were derived through time series cluster analysis. Then, a descriptive analysis was performed on the notable features of each pattern. The research process suggested by this study is as follows. First, in the data collection process, time series data was collected to check the ranking change of digital music. Subsequently, in the data processing stage, the collected data was matched with the rankings over time, and the music title and artist name were processed. Each analysis is then sequentially performed in two stages consisting of exploratory analysis and explanatory analysis. First, the data collection period was limited to the period before 'the music bulk buying phenomenon', a reliability issue related to music ranking in Korea. Specifically, it is 73 weeks starting from December 31, 2017 to January 06, 2018 as the first week, and from May 19, 2019 to May 25, 2019. And the analysis targets were limited to digital music released in Korea. In particular, digital music was collected based on the "Gaon Chart", a well-known music chart in Korea. Unlike private music charts that are being serviced in Korea, Gaon Charts are charts approved by government agencies and have basic reliability. Therefore, it can be considered that it has more public confidence than the ranking information provided by other services. The contents of the collected data are as follows. Data on the period and ranking, the name of the music, the name of the artist, the name of the album, the Gaon index, the production company, and the distribution company were collected for the music that entered the top 100 on the music chart within the collection period. Through data collection, 7,300 music, which were included in the top 100 on the music chart, were identified for a total of 73 weeks. On the other hand, in the case of digital music, since the cases included in the music chart for more than two weeks are frequent, the duplication of music is removed through the pre-processing process. For duplicate music, the number and location of the duplicated music were checked through the duplicate check function, and then deleted to form data for analysis. Through this, a list of 742 unique music for analysis among the 7,300-music data in advance was secured. A total of 742 songs were secured through previous data collection and pre-processing. In addition, a total of 16 patterns were derived through time series cluster analysis on the ranking change. Based on the patterns derived after that, two representative patterns were identified: 'Steady Seller' and 'One-Hit Wonder'. Furthermore, the two patterns were subdivided into five patterns in consideration of the survival period of the music and the music ranking. The important characteristics of each pattern are as follows. First, the artist's superstar effect and bandwagon effect were strong in the one-hit wonder-type pattern. Therefore, when consumers choose a digital music, they are strongly influenced by the superstar effect and the bandwagon effect. Second, through the Steady Seller pattern, we confirmed the music that have been chosen by consumers for a very long time. In addition, we checked the patterns of the most selected music through consumer needs. Contrary to popular belief, the steady seller: mid-term pattern, not the one-hit wonder pattern, received the most choices from consumers. Particularly noteworthy is that the 'Climbing the Chart' phenomenon, which is contrary to the existing pattern, was confirmed through the steady-seller pattern. This study focuses on the change in the ranking of music over time, a field that has been relatively alienated centering on digital music. In addition, a new approach to music research was attempted by subdividing the pattern of ranking change rather than predicting the success and ranking of music.
Keywords
Music; Digital Music; Rank Change; Time Series Clustering;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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24 Adler, M., "Stardom and talent," The American economic review, Vol.75, No.1, (1985), 208-212.
25 Berry, M., Linoff, G., Data mining techniques: For marketing, (1997), Sales and Marketing Support.
26 Cuturi, M., "Fast global alignment kernels," In Proceedings of the 28th international conference on machine learning (ICML-11), (2011), 929-936.
27 Bhattacharjee, S., R. D. Gopal, K. Lertwachara, J. R. Marsden, amd R. Telang, "The effect of digital sharing technologies on music markets: A survival analysis of albums on ranking charts," Management Science, Vol.53, No.9, (2007), 1359-1374.   DOI
28 Bishop, C. M., Pattern recognition and machine learning, (2006), springer.
29 Cheom A. -Y., "A Study on the Success Factors of Popular Music Sources," Master's Thesis, Sungkyunkwan University Graduate School, 2018.
30 Han, E. J., "A Study on the Relationship between Popularity of Advertising Background Music and Musical Elements," Master's Thesis, Graduate School of Journalism and Broadcasting, Chung-Ang University, 2004.
31 Hyeon, C. -M., "A Study on the Success Factors of Digital Sound Source," Master's Thesis, Graduate School, Chung-Ang University, 2014.
32 Jo, B. C. and H. C. Sim, "Success Factor Analysis of K-POP and A Study on sustainable Korean Wave - Focus on Smart Media based on Realistic Contents," The Journal of the Korea Contents Association, Vol.13, No.5, (2013), 90-102.   DOI
33 Jo, S. M., "Searching for revitalization of global expansion through social networks (SNS) in the digital music market," Master's thesis, Graduate School of Joong-bu University, 2013.
34 Jung, E. Y., "A Study on New Ecosystem Model through Case Comparison of Korean, US, and Japanese Digital Music Markets," Ph.D. Thesis, Graduate School of Arts, Chung-Ang University, 2016.
35 Kim, H. J., "Star Power Analysis of Korean Movie Stars," Korea Association for Cultural Economics, Vol.1, No.1, (1998), 165-200.
36 Ministry of Culture, Sports and Tourism, 2018 Overseas Korean Wave Survey Report, Ministry of Culture, Sports and Tourism, 2018.
37 Kim, H. -S., "A Study on the Influence and Development Direction of Digital Technology on the Music Industry," Master's Thesis, Graduate School of Media and Public Relations, Yonsei University, 2002.
38 Lee, S. M., "A Study on Marketing of Popular Music Using SNS," Master's Thesis, Graduate School of Arts, Chung-Ang University, 2019.
39 Lee, W. G., I. S. Han, and Y. M. Yoon, "Prediction of Record Charts Progress," Journal of Korean Institute of Information Technology, Vol.12, No.3, (2014), 121-128.
40 Montero, P., Vilar, J. A., "TSclust: An R package for time series clustering," Journal of Statistical Software, Vol.62, No.1, (2014), 1-43.
41 Moon, H. -C., "A Study on Changes in Market Environment by Convergence of Music Industry and Digital Technology," Master's Thesis, Graduate School of Business, Dankook University, 2011.
42 Pachet, F., "Hit Song Science. Pitch, harmony, and neural nets: A psychological perspective," Music and Data Mining, (2011), 306-314.
43 Pachet, F., and P. Roy, "Hit Song Science Is Not Yet a Science," In ISMIR, (2008), 355-360.
44 Ryu, J. -S., "A Study on the Current Status of the Digital Music Market," Master's Thesis, Graduate School of Culture and Arts, Dankook University, 2014.
45 Strobl, E. A., and C. Tucker, "The dynamics of chart success in the UK pre-recorded popular music industry," Journal of Cultural Economics, Vol.24, No.2, (2000), 113-134.   DOI
46 Wilks, D. S., Statistical methods in the atmospheric sciences, Vol.100, (2011), Academic press.