All You Need To Know About The Music Business Book – The Industry Bible (Los Angeles Times), now updated and essential for anyone in the music industry—musicians, songwriters, lawyers, agents, promoters, publishers, managers and executives—who are trying to quickly change the industry. For more than two decades, Everything You Need to Know About the Music Industry has been widely regarded as the definitive guide to the music industry. Now in its ninth edition, this latest edition guides both newcomers and professionals alike with rigorous, up-to-date information about the major changes the industry is undergoing in response to technological advances and today’s unpredictable economy. Whether you’re or want to be—an actor, writer, or manager—longtime music attorney Donald Passman’s comprehensive guide is a must. Provides timely, authoritative information on selecting and retaining a successful team of consultants and how to manage their commissions and fees; understanding record deals, songwriting, advertising and copyright; add concerts, tours and commercials. ; understand digital streaming services; and fully captures the rapidly changing landscape of the entire music industry. The music industry is in the eye of the storm, and everyone in the industry is scrambling to see what will happen to the major record labels and what it will mean for the careers of artists and business professionals. No musician, songwriter, entertainment attorney, agent, promoter, publisher, manager, or record executive—anyone who makes a living from music—can be ignorant of everything there is to know about the music industry. As Maroon 5 frontman and guitarist Adam Levine says, “If you want to be in music, you have to read this book.”
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1 Take the First Step and Say “Aaah” For many years I have taught music business courses in the graduate program at the University of Southern California School of Law. This course is for lawyers, accountants, record and film company executives, managers, agents and bartenders who want to manage bands. However, at the beginning of one of the classes, a friend of mine came up to me. He was an executive at a film studio and took a course to study the relationship between the music industry and film. “I came to open your mind to make music,” he said. I needed a mental image (because there were many subjects I wanted to introduce in this way), and I felt free. manner of speaking You fill yourself with many things in this book. So if you want to sit back, relax and open your mind, I’m going to spill everything you need to know about the music industry (and more). How I started I really love what I do. I have been practicing music law for over 30 years, representing artists, record companies, film companies, songwriters, producers, music publishers, film score composers, industry executives, managers, agents, business managers and various other businesses. I entered this exhibition with a purpose because I have always loved to create. My first acting experience was in elementary school, performing magic at the assembly. I also started playing the accordion in primary school. (I used to play the accordion so badly that everyone clapped when I blew the air in “Spanish Lady”. I gave it up, because it was impossible for a girl to hit her chest with an accordion.) In high school. , I switched from accordion to guitar, and in college at the University of Texas, I was the lead singer of a band called Oedipus and the Mother. When Oedipus and I were together, we wrote a demo that I tried to sell to our family friend Snuff Garrett (more on him later). Snuff, a very talented record producer, was nice enough to meet me. That meeting changed my life a lot. “Don…” Snav smiled after listening to the recording. . Go to law school. “So I took Snuff’s advice and went to Harvard Law School. There, I played lead guitar in a band called Rhythm Method. However, it soon became clear to me that I belonged in the music industry and could always eat. . It was in line with my business plan. So when I graduated I started organizing tributes for musicians. The tax law was like a complicated puzzle and it was very fun, but when I saw something called in music law. I really enjoyed it at the time. In fact, I took a class at USC that I later taught, and I enjoyed it so much that I left the tax practice and went to my current firm. I still that feeling hasn’t gone away either) , and I loved it so much that I felt guilty for taking the money (I’m done with him) My first experience of legal entertainment was a good six year old, by the teeth (You’ll see this nonsense when you read Chapter 3.) However, I knew it wasn’t true, so I frantically called the man to talk. I still remember when I said that his offer was not on. business practice because most managers only get 15% (which is true). He replied, “Oh, really? The World Health Organization?” Fortunately, he has me. I don’t even know how old people are, let alone who they are. So I learned my first lesson in humility. When I really started to understand how the music industry works, I realized that my love for art and creative business allowed me to move between the two worlds and help them merge. The marriage of art and commerce has always fascinated me – they cannot exist without each other – while the idea of creative freedom, and the need to control the costs of doing business, is completely blocked in the Vulcan race to the death. . This means that the music industry will always need lawyers. However, I now put my skills into business dealings, and fulfill my passion by teaching, speaking and playing the guitar. But for the sake of not being too open, I pursued a variety of hobbies: magic, ham radio, weight lifting, guitar, dog training, five string banjo, karate, chess, poker, tawda, and Real. real estate investment. I also write novels, you should all buy them. Brain Surgery When it comes to combining art and business, I’ve found that rock stars and brain surgeons have something in common. It’s not that one will be better at the other’s job (and I’m not sure which crossover would have a more dangerous outcome), but each can excel in their craft and make large sums of money regardless of financial acumen. . In most businesses, you need to really understand how the business works before you can start making serious money. For example, if you open a shoe store, you have to create a budget, negotiate the lease, advertise the price of the shoes, etc., all before you even smell your first foot. But in entertainment, as in surgery, you
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