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All You Need To Know About the Music Business; 6th Edition,9780743293181

All You Need To Know About the Music Business; 6th Edition

by
Edition: 6th
Format: Hardcover
Pub. Date: 11/14/2006
Publisher(s): Free Press
Availability: This title is currently not available.

Summary

For fifteen years,All You Need to Know About the Music Businesshas been universally regarded as the definitive, essential guide to the music industry. Now in its sixth edition, it has been completely revised and updated with crucial, up-to-the-minute information on the industry's major changes in response to today's rapid technological advances and uncertain economy. Veteran music lawyer Donald Passman is in the thick of this transformation and understands that anyone involved in the music business is feeling the deep, far-reaching effects of it. This latest edition of what theLos Angeles Timescalled "the industry bible" will lead novices and experts alike through the fundamental practices as well as the new, uncharted territory of one of this country's most dynamic industries.In the music business, the key to success lies in knowing how to protect yourself. To do that, you need the best and most up-to-date advice available. Whether you are -- or aspire to be -- a performer, writer, or executive, Passman's comprehensive guide to the legal and financial aspects of the music world is an indispensable tool. Drawing on his unique professional experience as one of the most trusted advisors in the industry, Passman offers authoritative information on 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 dealsThis latest edition also includes information on:Music downloads, webcasting, streaming-on-demand, and podcasting The new video streaming services How royalties are computed in the digital age The latest developments in deals with independent labels, including upstream deals Updates on all the traditional industry matters, such as royalties, advances, video budgets, and copyright lawInAll You Need to Know About the Music Business, one of the industry's most influential figures shows you how to thrive in the most exciting business in the world. It's a book that no musician, entertainment lawyer, agent, promoter, publisher, manager, record company executive -- anyone who makes their living from music -- can afford to be without.

Table of Contents

First Steps
Your Team of Advisors
How to Pick a Team
Getting Your Team Together
Business Philosophy
Hiring a Team
Changing a Team Member
Cocktail Party Talk
Personal Managers
Role
Commission Overview
Negotiating the Manager's Deal
Picking the Right Manager
Business Managers
Role
How to Pick a Business Manager
Business Manager Checklist
Fees
Your Half of the Job
Attorneys
Picking a Lawyer
Fees
Conflicts of Interest
Attorney Checklist
Agents
Role
Fees
Deal Points
Picking an Agent
Record Deals
Broad-Strokes Overview of the Record Business
Industry Structure
What's a Record?
Masters
Royalty Computation
Ye Olde Royalty Calculations
Advances and Recoupment
Advances: The Basic Concept
Cross-collateralization
Real-Life Numbers
Overview
Royalties
Advances
Career Co-ventures
Look How Much You Already Know
Other Major Deal Points
Amount of Product
How Long?
Mega Deals
Delivery Requirements
Controlled Compositions
Greatest Hits
Live Albums
Guaranteed Release
Independents Day
Producer and Mixer Deals
What's a Producer?
Royalties
Advances
Who Hires the Producer?
A Major Point -- Pay Attention
Mixers
Advanced Record Deal Points
Advanced Demo Deal Negotiation
Exclusivity
Videos
Independent Promotion
Merchandising Rights
Tour Support
Territory
Union Per-Record Charges
Album Cover Artwork
Creative, Marketing, and Other Controls
Reserve Limitations
Sound
Scan
Special Packaging Costs
Accountings
Advanced Royalty Computations
Distribution Methods
Royalties for United States Sales
Foreign Royalties
R.O.W.New Technologies, Electronic Transmissions, and Things That Go Bump in the Night
Master Licenses
Coupling and Compilations
Joint Recordings
"Greatest Hits" Albums
Multiple Albums
Box Sets
Television Advertising
DVDs and Other Home Video Devices
Mid-Price Records
Budget Records
New and Developing Artist Prices
Record Clubs
Cutouts, Deletes, Scraps, and Other Food for Bottom Feeders
Premiums
Video Games
DART, Digital Performance, and Webcasting Monies
Foreign Public Performance of Masters
Loan-out, Independent Production, Label, and Distribution Deals
Loan-out Deals
Independent Production Agreements
Joint Ventures
Pressing and Distribution (P&D) Deals
Upstream Deals
Songwriting and Music Publishing
Copyright Basics
Basic Copyright Concepts
What Are All These Rights You Get?
Exceptions to the Copyright Monopoly
Compulsory Mechanical Licenses
Publishing Companies and Major
Income Sources
Publishing Overview
Sources of Income
Mechanical Royalties
Controlled Composition Clauses
Maximum Rate Per Song
Maximum Rate Per Album
Public-Performance Royalties
Secondary Publishing Income
Printed Music
Synchronization and Transcription Licenses
Electronic Transmissions, Including Digital Downloads, Ring Tones, Webcasting, Subscription Services, and Podcasting
Foreign Subpublishing
DART Monies (Audio Home Recording Act of ) Bonus Section!
How to Set Up a Publishing Company
Songwriter Deals
Songwriter Royalties
Standard Contracts
Performance Monies
Printed Music Royalties
DART and Webcasting Monies
Advances
Term Songwriter Agreements
Pop Quiz
Collaboration (Two or More Songwriters)
Creative Control
Reversion of Copyrig
Table of Contents provided by Publisher. All Rights Reserved.

Excerpts

Introduction to the Sixth Edition

Welcome, welcome. The industry has been through a few changes since we last met. You know, sort of like those pesky wet spells around New Orleans and Thailand.

Piracy is running rampant, CD sales are slipping. Record companies are panicking. Just the things you need for a fun picnic.

But there's some good news glimmering on the horizon. Digital sales are on the rise. Demand for music is at an all-time high (even if the pirates are supplying a lot of it). And we're seeing some new ways to make money, such as streaming videos on the Internet, ring tones, digital merchandising, podcasts, and the like.

There's also been a massive change in the way that record companies compute royalties. They've actually gotten . . . simpler. I never thought I'd use that s-word in connection with royalties, but Hallelujah.

This sixth edition is by far the most extensive revision I've ever done, as we're stumbling around in the new technologies, trying to figure out what everyone should get paid. So you'll get the latest scoop on all the newfangled gizmos. And at no extra charge (if you act RIGHT NOW), there's an update of what's happening with record deals, songwriting, merchandising, touring, and so forth.

So come on in and take a peek. The water's a little cold at first, but you'll get used to it.

P.S. Congrats if you read this. It means you're a real Go-Getter, since most folks skip the introduction.

Copyright © 1991, 1994, 1997, 2000, 2003, 2006 by Donald S. Passman


Excerpted from All You Need to Know about the Music Business by Donald S. Passman
All rights reserved by the original copyright owners. Excerpts are provided for display purposes only and may not be reproduced, reprinted or distributed without the written permission of the publisher.

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