All You Need to Know About the Music Business or Deadliest Catch

All You Need to Know About the Music Business

Author: Donald S Passman

For fifteen years, All You Need to Know About the Music Business has 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 the Los Angeles Times called "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
• Maximizeconcert, touring, and merchandising deals

This 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 law

In All 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.

Library Journal

Now in its sixth edition, this work remains required reading for anyone interested in planning or making a career in the music business. Entertainment lawyer Passman (Gang, Tyre, Ramer & Brown) covers a wide range of topics related to the music industry, including negotiating a record deal, maximizing tour and merchandising deals, picking the right team of advisors, and understanding music copyrights and publishing. New topics for this edition encompass the new video streaming services, the latest developments in independent label deals, music downloads, webcasting, streaming-on-demand, podcasting, royalties in the digital age, and updates on an array of topics. There are also separate sections on classical music and motion-picture music deals. Highly recommended for all public and academic libraries; those owning older editions should definitely update. Bradford Lee Eden, Univ. of California Lib., Santa Barbara Copyright 2006 Reed Business Information.

Table of Contents:

1	First Steps	22
2	How to Pick a Team	31
3	Personal Managers	47
4	Business Managers	60
5	Attorneys	67
6	Agents	74
7	Broad-Strokes Overview of the Record Business	81
8	Advances and Recoupment	100
9	Real-Life Numbers	106
10	Other Major Deal Points	116
11	Producer Deals	134
12	Advanced Record Deal Points	146
13	Advanced Royalty Computations	167
14	Loan-out, Independent Production, Label, and Distribution Deals	189
15	Copyright Basics	207
16	Publishing Companies and Major Income Sources	215
17	Secondary Publishing Income	239
18	Songwriter Deals	255
19	Copublishing and Administration Deals	274
20	Advanced Copyright Concepts	286
21	Even More Advanced Copyright Concepts	297
22	Groups	311
23	Personal Appearances - Touring	329
24	Tour Merchandising	347
25	Retail Merchandising	357
26	Overview of Motion Picture Music	363
27	Performer Deals	366
28	Film Songwriter Deals	375
29	Composer Agreements	379
30	Licensing Existing Recordings and Existing Songs for Motion Pictures	389
31	Music Supervisors	395
32	Soundtrack Album Deals	398
	Conclusion	403
	Index	405
	About the Author	416

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