LEADER 04524nam 22005415 450 001 9910298483303321 005 20200920191030.0 010 $a3-319-17653-6 024 7 $a10.1007/978-3-319-17653-6 035 $a(CKB)3710000000492386 035 $a(EBL)4312118 035 $a(SSID)ssj0001636641 035 $a(PQKBManifestationID)16394735 035 $a(PQKBTitleCode)TC0001636641 035 $a(PQKBWorkID)14955733 035 $a(PQKB)10778435 035 $a(DE-He213)978-3-319-17653-6 035 $a(MiAaPQ)EBC4312118 035 $a(PPN)192773720 035 $a(EXLCZ)993710000000492386 100 $a20160330d2015 u| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aDirect Licensing and the Music Industry $eHow Technology, Innovation and Competition Reshaped Copyright Licensing /$fby Ivan L Pitt 205 $a1st ed. 2015. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2015. 215 $a1 online resource 311 $a3-319-17652-8 320 $aIncludes bibliographical references and indexes. 327 $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. 330 $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. 606 $aIndustrial management 606 $aCommercial law 606 $aMedia Management$3https://scigraph.springernature.com/ontologies/product-market-codes/513020 606 $aBusiness Law$3https://scigraph.springernature.com/ontologies/product-market-codes/529000 615 0$aIndustrial management. 615 0$aCommercial law. 615 14$aMedia Management. 615 24$aBusiness Law. 676 $a650 700 $aPitt$b Ivan L$4aut$4http://id.loc.gov/vocabulary/relators/aut$01064728 906 $aBOOK 912 $a9910298483303321 996 $aDirect Licensing and the Music Industry$92540363 997 $aUNINA