TY  - BOOK
AU  - Pitt,Ivan L.
TI  - Direct licensing and the music industry: how technology, innovation and competition reshaped copyright licensing 
SN  - 9783319176536 (ebook)
PY  - 2015///
CY  - Berlin
PB  - Springer
KW  - Copyright
KW  - Music
KW  - Economic aspects
KW  - Music trade
KW  - Technological innovations
KW  - Law
KW  - ukslc
KW  - Media, entertainment, information & communication industries
KW  - thema
KW  - Company, commercial & competition law: general
KW  - Music industry
KW  - Entertainment & media law
KW  - lcsh
N1  - Includes bibliographical references; Also available in printed form ISBN 9783319176529; Electronic reproduction; Askews and Holts; Mode of access: World Wide Web
N2  - 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; ?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 publishers, copyright holders and songwriters in the emerging direct licensing model. 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. 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 musical performances to further streamline the royalty 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.?
UR  - http://www.vlebooks.com/vleweb/product/openreader?id=WestLondon&isbn=9783319176536
ER  -