000			04160nam a22004455i 4500
001			978-3-319-17653-6
003			DE-He213
005			20161006171349.0
007			cr nn 008mamaa
008			160330s2015 gw | s |||| 0|eng d
020			_a9783319176536 _9978-3-319-17653-6
024	7		_a10.1007/978-3-319-17653-6 _2doi
050		4	_aHD28-70
072		7	_aKNT _2bicssc
072		7	_aJFD _2bicssc
072		7	_aBUS070060 _2bisacsh
082	0	4	_a658 _223
100	1		_aPitt, Ivan L. _eauthor.
245	1	0	_aDirect Licensing and the Music Industry _h[electronic resource] : _bHow Technology, Innovation and Competition Reshaped Copyright Licensing / _cby Ivan L. Pitt.
264		1	_aCham : _bSpringer International Publishing : _bImprint: Springer, _c2015.
300			_aXXV, 293 p. 8 illus. in color. _bonline resource.
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_atext file _bPDF _2rda
505	0		_aI 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.
520			_aThis 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 as music executives, musicians, songwriters, composers, and other industry professionals who are interested in understanding how technology, innovation and competition have reshaped the music industry.
650		0	_aBusiness.
650		0	_aIndustrial management.
650		0	_aLaw and economics.
650	1	4	_aBusiness and Management.
650	2	4	_aMedia Management.
650	2	4	_aLaw and Economics.
710	2		_aSpringerLink (Online service)
773	0		_tSpringer eBooks
776	0	8	_iPrinted edition: _z9783319176529
856	4	0	_uhttp://dx.doi.org/10.1007/978-3-319-17653-6
912			_aZDB-2-SBE
999			_c224323 _d224323