The music market is becoming increasingly complex, and the music industry is facing many new challenges that it must overcome. Consumer habits are changing as quickly as technological innovations allow. The ubiquitous availability of music has been just one of the consequences that has significantly disrupted the traditional value chain of the music industry. This book discusses and examines various theoretical approaches that can characterize new business models in the music industry. It investigates how practical these ideas really are and whether they might provide a lifeline out of the music industry's crisis through a qualitative study using expert interviews. It becomes evident that the theoretical approaches can be implemented in various ways.