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008			150828s2015 gw a fsb 000|0|eng|d
020			_a9783319176536 (ebook)
035			_a(StDuBDS)AH32380368
040			_aStDuBDS _beng _cStDuBDS _dStDuBDSZ _erda _dUkPrAHLS
072		7	_aLAW _2ukslc
072		7	_aKNT _2bicssc
072		7	_aLNC _2bicssc
072		7	_aKNTF _2bicssc
072		7	_aLNJ _2bicssc
072		7	_aKNT _2thema
072		7	_aLNC _2thema
072		7	_aKNTF _2thema
072		7	_aLNJ _2thema
072		7	_aAV _2thema
083	0	4	_a342.6482 _223 _mb
100	1		_aPitt, Ivan L., _eauthor.
245	1	0	_aDirect licensing and the music industry : _bhow technology, innovation and competition reshaped copyright licensing / _cIvan L. Pitt.
264		1	_aBerlin : _bSpringer, _c2015.
300			_a293 pages : _billustrations (colour)
336			_atext _2rdacontent
336			_astill image _2rdacontent
337			_acomputer _2rdamedia
338			_aonline resource _2rdacarrier
366			_b20150822
504			_aIncludes bibliographical references.
520	8		_aIn 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. _b?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.?
530			_aAlso available in printed form ISBN 9783319176529
533			_aElectronic reproduction. _cAskews and Holts. _nMode of access: World Wide Web.
650		0	_aCopyright _xMusic _xEconomic aspects.
650		0	_aMusic trade.
650		0	_aMusic trade _xTechnological innovations.
650		7	_aLaw. _2ukslc
650		7	_aMedia, entertainment, information & communication industries _2thema
650		7	_aCompany, commercial & competition law: general _2thema
650		7	_aMusic industry _2thema
650		7	_aEntertainment & media law _2thema
650		7	_aMusic _2thema
655		7	_2lcsh
856	4	0	_uhttp://www.vlebooks.com/vleweb/product/openreader?id=WestLondon&isbn=9783319176536
942			_n0 _2ddc
999			_c40065 _d40065