PDF) All You Need To Know About The Music Business Ninth Edition [EBOOK]

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Donald S. Passman practices law in California and has specialized in the music business for more than thirty years, primarily representing talent. The author of All You Need to Know About the Music Business, he lives in Los Angeles. Read more Excerpt. Reprinted by permission. All rights reserved. All You Need to Know About the Music Business Introduction to the Ninth Edition Well, kiddies, weve certainly seen a lot of changes since we last got together. The good news is that streaming is growing at a wonderful pace. And thats about it for the good news. CD sales are under 25% of the business and dropping. Downloads have fallen 15% per year for the last few years. Piracy is alive and well, hiding under cyber-rocks, and YouTube delivers more audio-only music than all the other sites put together (including the pirate sites), for which the creators are paid very little (well talk more about that later). All in all, the industry earnings are almost half of what they were in 2003. Also, were going through a major upheaval in the songwriter world that could radically change the industry. Otherwise, its a lovely afternoon. On the brighter front, were seeing huge growth in vinyl (to younger people, its a new technology; go figure) thats only held back because every vinyl plant on the planet is at full capacity. The bad news is that its less than 2% of the business. But in the current state of affairs, well take what we can get. Now if youre reading this and trying to decide whether the music business will disappear and if youd be better off putting the price of this book into your stamp collection, there actually is a beautiful weather forecast. As well discuss, streaming has the potential to make the music business bigger than its ever been in history. People who never would have gone into a record store are listening to streams, and the numbers are growing fast. So stick around (and buy the book). As these new ways to exploit music take hold, you might wonder how artists get paid. Well, my friend, youve come to the right place. The book in your hands has the latest scoop on all these newfangled gizmos. And at no extra charge (if you act RIGHT NOW), theres an update of whats happening with traditional music business dealsrecording, songwriting, merchandising, touring, and so forth. So step right up. All these secrets and more are revealed just inside the tent. P.S. Congrats if you read this. It means youre a real Go-Getter, since most folks skip the introductions to books. Read more

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