By Ivan L. Pitt
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.
Read or Download Direct Licensing and the Music Industry: How Technology, Innovation and Competition Reshaped Copyright Licensing PDF
Similar textbooks books
Find out how to plan and deal with your own funds, in attaining a financially winning existence, and take accountability as a citizen. own monetary LITERACY is aligned with the Jump$tart Coalition's nationwide criteria for private monetary Literacy. the non-public concentration of this direction makes it suitable and significant to all; particularly, to these simply beginning down the trail to non-public monetary independence.
Presents a comparatively short creation to conjugate duality in either finite- and infinite-dimensional difficulties. An emphasis is put on the elemental significance of the strategies of Lagrangian functionality, saddle-point, and saddle-value. basic examples are drawn from nonlinear programming, approximation, stochastic programming, the calculus of diversifications, and optimum keep an eye on
Ebook by way of Dukes, P
Extra info for Direct Licensing and the Music Industry: How Technology, Innovation and Competition Reshaped Copyright Licensing
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.
4 Digital Privacy There may be a serious tradeoff between what consumers believe is a free service— social networks, search engines and apps—and the private data that is collected from advertising—supported sites on the Internet or with the use of smart phones. Consumers may be paying a high price for “free” services in terms of the loss of individual privacy and the lack of control over the private information that is collected and shared with third parties. Internet sites and smart phone companies are collecting vast amounts of what is called users’ experience data—that is, their personal browsing, location and demographical data—every time that a PC, smart phone or tablet is turned on or personal information (including photographs) is uploaded to social networking sites.
However, it was managed as though it was a growth company and egged on by Wall Street speculators. Due to inertia, millions of customers remained with AT&T following deregulation—particularly elderly homeowners and others who remained on a basic plan without price discounts— and were not exploiting the system to take advantage of “winback” checks to switch long distance carriers as price competition dramatically increased. Winback was the insane and unprofitable marketing practice in which customers were paid to switch from one long distance carrier to the next and the amount of the check often exceeded the value of the calls placed by some of these customers.
Direct Licensing and the Music Industry: How Technology, Innovation and Competition Reshaped Copyright Licensing by Ivan L. Pitt