rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Direct Licensing and the Music Industry
    sub title: How Technology, Innovation and Competition Reshaped Copyright Licensing
  name:
    name part: Pitt, Ivan L.
    role:
      role term: creator
    role:
      role term: author.
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: gw
    date issued: 2015
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: XXV, 293 p. 8 illus. in color. online resource.
  abstract: This book discusses the economics of the music industry in the context of the changing landscape brought about by innovation, technological change, and rapid digitization. The ability of digital technology to reduce the transaction costs of music copyright licensing has all but destroyed the traditional media business models of incumbent Performance Rights Organizations (PROs), music publishers, record labels, and radio and television stations. In a climate where streaming services are rapidly proliferating and consumers prefer subscription models over direct ownership, new business models, such as direct licensing, are developing. This book provides an overview of the economics of the traditional music industry, the technology-induced changes in business models and copyright law, and the role of copyright holders such as music publishers, record labels, songwriters and composers in the emerging direct licensing models. In Part One, the author examines the economic aspects of direct licensing as an alternative to the traditional blanket license for copyrighted musical compositions, with an emphasis on the often monopolistic nature of PROs and the economic barriers to entry preventing new competitors from emerging in the industry. In Part Two, the author focuses on the music publisher and the role direct licensing and competition may play in the changing business models in the music industry and the potential benefits this may bring to copyright holders, such as songwriters. To compliment this model, the author proposes a maximum statutory fixed-rate for the licensing of musical performances in the pending future changes to the Copyright Act and Consent Decrees to further streamline the performance royalty payment process, especially where distributors such as Google and YouTube are concerned. This book adds to the growing body of literature on the economics of music licensing in the digital age. It will be useful to those in the fields of economics and law, as well …
  table of contents: I Part One: How Direct Licensing Increased Competition -- 1 Introduction -- 2 Copyright Law and Natural Monopolies -- 3 Traditional Blanket License -- 4 Direct Licensing as an Alternative to the Traditional Blanket License -- 5 Conclusion -- II Part Two: Why Putting Music Content Creators First is Important -- 6 Introduction -- 7 Roles of Publishers, Record Labels and Producers -- 8 Possible New Entrant -- 9 Why The Merger Could Be A Viable Option -- 10 Conclusion.
  note: by Ivan L. Pitt.
  subject:
    topic: Business
  subject:
    topic: Industrial management
  subject:
    topic: Law and economics
  subject:
    topic: Business and Management
  subject:
    topic: Media Management
  subject:
    topic: Law and Economics
  classification: HD28-70
  classification: 658
  related item:
    title info:
      title: Springer eBooks
  identifier: 9783319176536
  identifier: http://dx.doi.org/10.1007/978-3-319-17653-6
  record info:
    record creation date: 160330
    record change date: 20160330021103.0
    record identifier: 978-3-319-17653-6