How do YouTube algorithms calculate value?
An analysis of the production of value for digital music videos using the social logic of the derivative
The article analyses the production of monetary values for music videos embedded on YouTube based on the theory of the social logic of the derivative. Using the value gap debate as a starting point, the hypothesis is that the method used to create monetary value for digital videos is the same technique developed in the derivative market. This phenomenon results in the generation of inconstant monetary values which entails, in turn, serious consequences for the social order of the record market in the digital age.