Music lawyer Donald S. Passman has updated his “industry Bible” with an upcoming seventh edition of All You Need To Know About the Music Business, to be released November 17th 2009.
If you’re a musician and are not familiar with this book it should be on your list. Passman gives extremely relevant and organized advice on how to navigate in the business side of being a musician, including how to pick the right team, negotiate a record deal and understanding music publishing and copyrights.
New information in the seventh edition includes:
- The new 360 model of record deals, wherein record companies share in nonrecord revenue
- The Copyright Royalty Board’s latest decisions regarding online transmissions
- The developing customs on new technologies such as streaming on demand, ringtones, and digital downloads
- Updates on recording and publishing deals, as well as film music
- Select and hire a winning team of advisors including personal and business managers, agents, and attorneys, and how to 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
Passman has worked directly with Green Day, Pink, Tina Turner, Quincy Jones, Tom Waits, and Randy Newman and represents numerous music publishers, producers, record companies, songwriters, industry executives, and film companies. He also teaches a course about the music industry at the USC Law School’s Advanced Professional Program and has lectured at Harvard, Yale and UCLA. The book is currently available for pre-order.