All You Need to Know About the Music Business 6th Edition
by Donald S. Passman
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Book Summary Information
Author: Donald S. PassmanEdition: Hardcover
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2006
ISBN: 0743293185
Number of pages: 442
Publisher: Hal Leonard Corp
Book Reviews of All You Need to Know About the Music Business 6th Edition
Book Review: Don't get taken to the cleaners!
Summary: 5 Stars
The whole point of the book is to keep you from getting screwed, and it catalogs every possible way in which everyone in the music business - from record companies to publishers to promoters and everyone in between - can and will try to take a big chunk of your music earnings. It doesn't have sample contracts with long boring explanations, it just tells you the salient negotiating points and where various artists (emerging, mid-level, and superstars; majors vs. independent) generally end up in terms of compensation, what you should hold out for in your negotiations, etc.
Although the book reads like a 'parade of horribles' for the music industry, and may make you reconsider your desire to become involved in the business of music, the book is really intended for people who are going to be negotiating contracts with powerful interests. Passman gives you the confidence that, when and if the time comes where you have to negotiate important deals, you will have a place to turn to get an honest appraisal of the deal you are being offered, where it might be improved, what others are getting, etc.
Highly recommended for anyone in the business. If you are an artist with a "team" of professionals helping you (chapter one of the book discusses this team) this book really could be "all you need to know about the music business." If you are going to be on the employer side of the business creating contracts, the book still makes a great companion text to something like "This Business of Music" which includes sample contracts and more lengthy expositions but lacks the critical insights to protect your bottom line. If you are going the D.I.Y. route, this book is probably less important to you than Bob Baker's Guerilla Music Marketing Handbook, as promotion and publicity are everything at first, but it would still be a good reference tool, if only to prove to yourself you've made the right decision by rejecting the bad deals shady labels are offering you.
Summary of All You Need to Know About the Music Business 6th Edition
For fifteen years, All You Need to Know About the Music Business has been universally regarded as the definitive, essential guide to the music industry. Now in its sixth edition, it has been completely revised and updated with crucial, up-to-the-minute information on the industry's major changes in response to today's rapid technological advances and uncertain economy. Veteran music lawyer Donald Passman is in the thick of this transformation and understands that anyone involved in the music business is feeling the deep, far-reaching effects of it. This latest edition of what the Los Angeles Times called "the industry bible" will lead novices and experts alike through the fundamental practices as well as the new, uncharted territory of one of this country's most dynamic industries.In the music business, the key to success lies in knowing how to protect yourself. To do that, you need the best and most up-to-date advice available. Whether you are -- or aspire to be -- a performer, writer, or executive, Passman's comprehensive guide to the legal and financial aspects of the music world is an indispensable tool. Drawing on his unique professional experience as one of the most trusted advisors in the industry, Passman offers authoritative information on how to:
- Select and hire a winning team of advisors -- personal and business managers, agents, and attorneys -- and structure their commissions, percentages, and fees in a way that will protect you and maximize these relationships
- Master the big picture and the finer points of record deals
- Navigate the ins and outs of songwriting, music publishing, and copyrights
- Maximize concert, touring, and merchandising deals
This latest edition also includes information on:
- Music downloads, webcasting, streaming-on-demand, and podcasting
- The new video streaming services
- How royalties are computed in the digital age
- The latest developments in deals with independent labels, including upstream deals
- Updates on all the traditional industry matters, such as royalties, advances, video budgets, and copyright law
In All You Need to Know About the Music Business, one of the industry's most influential figures shows you how to thrive in the most exciting business in the world. It's a book that no musician, entertainment lawyer, agent, promoter, publisher, manager, record company executive -- anyone who makes their living from music -- can afford to be without.
Our band is about to get beyond the local scene and start wrestling with the industry for record deals and national tours, so I practically jumped out of my skin when I finally found this book. It completely demystifies the workings of the entire music industry--in a musician-friendly way. A tiny, selfish neuron in me hesitated for a moment about telling the world of this book--but hey, we musicians are all in this together. If everyone negotiating with record companies read and used this book, we'd collectively be better able to get the sort of financial rewards our art deserves.
Just so you know this isn't a load of hype, here are the section and chapter titles.
- Your Team of Advisors
- How to Pick a Team; Personal Managers; Business Managers; Attorneys; Agents
- Record Deals
- Broad-Strokes Overview of the Record Business; Advances and Recoupments; Real-Life Numbers; Other Major Deal Points; Producer Deals; Advanced Record Deal Points; Advanced Royalty Computations; Loan-out, Independent Production, Label, and Distribution Deals
- Songwriting and Music Publishing
- Copyright Basics; Publishing Companies and Major Income Sources; Secondary Publishing Income; Songwriter Deals; Copublishing and Administration Deals; Advanced Copyright Concepts; Even More Advanced Copyright Concepts
- Group Issues
- Touring
- Merchandising
- Tour Merchandising; Retail Merchandising
- Motion Picture Music
- Overview of Motion Picture Music; Performer Deals; Film Songwriting Deals; Composer Agreements; Licensing Existing Recordings and Existing Songs for Motion Pictures; Music Supervisors; Soundtrack Album Deals
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