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Published by:
INSEAD (2017)
Version:
12.2017
Length:
12 pages
Data source:
Published sources
Notes:
Check out the short video trailer for a quick case synopsis.
André Rieu

Abstract

This is a Simpified Chinese version. For several decades, the classical music industry has been in decline with demand down, costs up and profits shrinking as many orchestras struggle for survival. Against this backdrop, Andre Rieu and his Johann Strauss Orchestra stand apart. Instead of competing like all the other orchestras, Andre Rieu has reconstructed market boundaries between classical music and pop concerts, creating a blue ocean of vast new demand. Rieu and his orchestra have stayed on the Billboard Top 25 Tours list for nearly 2 decades, right alongside the likes of Bruce Springsteen and Justin Bieber. His CDs and DVDs have sold more than 40 million copies versus 10,000 copies for a top classical music CD. This case reviews the competitive practice of the classical music industry and illustrates how Andre Rieu gained insight into unlocking new demand by looking to non-customers of classical concerts, and how he reconstructed industry boundaries and created new market space, making the competition irrelevant. The case comes with a teaching note that reviews major concepts and frameworks of competitive strategy and blue ocean strategy in the context of the case and provides answers to the questions for class discussions.

Topics

Classical music industry; Declining industry; Entertainment; New market space; Market creation; Blue Ocean Strategy; Value innovation; Non-customers; Demand creation; Market reconstruction; Red Ocean strategy; Competitive benchmarking; Differentiation; Live performance
Other setting(s):
1987-2017

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