All You Need to Know About the Music Business

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This essential guide to the music industry, now in its eighth edition, has been thoroughly revised to address significant changes driven by rapid technological advances and economic uncertainty. Over the past two decades, file-sharing and digital streaming have transformed the music business, prompting record labels to adapt to the demand for accessible, low-cost music while addressing piracy. Donald Passman, a leading music lawyer, shares invaluable advice on creating, selling, sharing, and protecting music in today's digital landscape. His comprehensive guide, often referred to as “the industry bible,” draws on his extensive experience and current industry trends, benefiting both executives and artists. Key topics include royalties for digital downloads and streaming, updated licensing regulations, recent recording and publishing deals, and challenges for performing rights societies. Passman also provides guidance on selecting and hiring a winning team of advisors, mastering contract negotiations, navigating songwriting and publishing, and maximizing concert and merchandising agreements. This crucial text is essential for anyone involved in music—musicians, songwriters, agents, promoters, publishers, managers, and record executives—helping them keep pace with the fast-evolving music industry. With Passman's expertise, readers will learn how to thrive in one of the most dynamic and challenging fields.