All You Need to Know about the Music Business
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Since the advent of file-sharing technology in the late 1990s, the music industry has been challenged to reinvent itself. What has it done? How have the record labels repositioned themselves to cope with these massive changes? How does all this affect creative artists? No one understands the music industry -- from the technology, to the legalities, to the new industry practices -- better than veteran music lawyer Donald Passman. In this completely revised and updated seventh edition of All You Need to Know About the Music Business, which the Los Angeles Times called "the industry bible" and which has sold hundreds of thousands of copies over the last eighteen years, Passman offers executives and artists, experts and novices alike the essential information they need not only to survive in these volatile and exciting times, but also to thrive. Drawing on his unique, up-to-the-minute experience as one of the most trusted advisors in the industry, Passman offers new information on: - The new 360 model of record deals, wherein record companies share in nonrecord revenue - The Copyright Royalty Board's latest decisions regarding online transmissions - The developing customs on new technologies such as streaming on demand, ringtones, and digital downloads - Updates on recording and publishing deals, as well as film music He also gives guidance on fundamental issues, such as how to: - Select and hire a winning team of advisors -- personal and business managers, agents, and attorneys -- and structure their commissions, percentages, and fees in a way that will protect you and maximize these relationships - Master the big picture and the finer points of record deals - Navigate the ins and outs of songwriting, music publishing, and copyrights - Maximize concert, touring, and merchandising deals Everyone in the business -- musicians, songwriters, entertainment lawyers, agents, promoters, publishers, managers, record company executives -- is scrambling to figure out what's going to happen in the future, and Passman is in the thick of these changes. Anyone interested in a music career will need this comprehensive and crucial guide to making it in one of the world's most dynamic industries. Library Journal An entertainment lawyer whose clients include many from the top of the music charts, Passman has written a book that sets out to give musicians, performers, and songwriters the tools to hire advisers, market their careers, protect their creative works, and generally cope with a complex industry in a state of flux. Passman explains boilerplate language, the complexities of royalties and advances, and label and distribution deals; a section on record deals begins with an overview of the business and works through all the steps. The "Adventures in Cyberspace" chapter is a helpful summary of the way CD-ROMs and the Internet are affecting the business. Included here is information on recent legislation and a look at how digitizing music delivery will continue to change things. Packed with illustrations, sample calculations, and definitions, All You Need To Know is humorous and accessible enough for those who just want to understand the business while being detailed and documented enough for those who make a living from it. Copyright 2000 Cahners Business Information.\\
1First Steps222How to Pick a Team313Personal Managers474Business Managers605Attorneys676Agents747Broad-Strokes Overview of the Record Business818Advances and Recoupment1009Real-Life Numbers10610Other Major Deal Points11611Producer Deals13412Advanced Record Deal Points14613Advanced Royalty Computations16714Loan-out, Independent Production, Label, and Distribution Deals18915Copyright Basics20716Publishing Companies and Major Income Sources21517Secondary Publishing Income23918Songwriter Deals25519Copublishing and Administration Deals27420Advanced Copyright Concepts28621Even More Advanced Copyright Concepts29722Groups31123Personal Appearances - Touring32924Tour Merchandising34725Retail Merchandising35726Overview of Motion Picture Music36327Performer Deals36628Film Songwriter Deals37529Composer Agreements37930Licensing Existing Recordings and Existing Songs for Motion Pictures38931Music Supervisors39532Soundtrack Album Deals398Conclusion403Index405About the Author416
