Get Direct Licensing and the Music Industry: How Technology, PDF

By Ivan L. Pitt

ISBN-10: 3319176528

ISBN-13: 9783319176529

ISBN-10: 3319176536

ISBN-13: 9783319176536

​This ebook discusses the economics of the tune within the context of the altering panorama caused by way of innovation, technological swap, and swift digitization. the power of electronic know-how to minimize the transaction charges of song copyright licensing has all yet destroyed the conventional media company types of incumbent functionality Rights organisations (PROs), tune publishers, checklist labels, and radio and tv stations. In a weather the place streaming providers are speedily proliferating and shoppers favor subscription types over direct possession, new company versions, corresponding to direct licensing, are constructing. This publication presents an summary of the economics of the conventional song undefined, the technology-induced alterations in enterprise versions and copyright legislations, and the position of publishers, copyright holders and songwriters within the rising direct licensing version. partly One, the writer examines the industrial elements of direct licensing instead to the conventional blanket license for copyrighted musical compositions, with an emphasis at the usually monopolistic nature of professionals. partly , the writer specializes in the track writer and the function direct licensing and festival may well play within the altering enterprise types within the song and the capability merits this can carry to copyright holders, reminiscent of songwriters. to go with this version, the writer proposes a greatest statutory fixed-rate for musical performances to extra streamline the royalty method, specially the place vendors equivalent to Google and YouTube are involved. This publication provides to the transforming into physique of literature at the economics of track licensing within the electronic age. it will likely be worthy to these within the fields of economics and legislation, in addition to track executives, musicians, songwriters, composers, and different pros who're attracted to realizing how expertise, innovation and festival have reshaped the song industry.​

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Html that appeared November 24, 2014. 16 1 Introduction Spotify was in a difficult financial and competitive position of running a business that was subjected to the whims and fancies of copyright holders who in some cases can overestimate the value of their works. This created a churn situation where a substantial music catalog with the most popular music could disappear overnight from its streaming service. 17 The music service would then have to devote more financial resources to acquire new customers to make up for the losses or to retain existing customers in a loyalty program.

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Direct Licensing and the Music Industry: How Technology, Innovation and Competition Reshaped Copyright Licensing by Ivan L. Pitt

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