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All You Need to Know About the Music Business: Revised and Updated for the 21st Century Hardcover – October 3, 2000
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From Library Journal
An entertainment lawyer whose clients include many from the top of the music charts, Passman has written a book that sets out to give musicians, performers, and songwriters the tools to hire advisers, market their careers, protect their creative works, and generally cope with a complex industry in a state of flux. Passman explains boilerplate language, the complexities of royalties and advances, and label and distribution deals; a section on record deals begins with an overview of the business and works through all the steps. The "Adventures in Cyberspace" chapter is a helpful summary of the way CD-ROMs and the Internet are affecting the business. Included here is information on recent legislation and a look at how digitizing music delivery will continue to change things. Packed with illustrations, sample calculations, and definitions, All You Need To Know is humorous and accessible enough for those who just want to understand the business while being detailed and documented enough for those who make a living from it.
Copyright 2000 Reed Business Information, Inc.
Michael Eisner Chairman and CEO, Walt Disney Company An entertaining and professionally written primer on the music business. -- Review
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Top customer reviews
I have read some other books and taken a course on EdX on the music business. This book is an excellent introduction to the clauses found in contracts, the negotiating points of contracts, the big picture of the music business, the options that artists have besides trying to sign with a major record label, and most importantly, what you can expect from each option that is out there.
This book makes clear the economics of the music business right now and how much money is out there for artists, where the money comes from, and whether and when (if) you can expect to get it.
It is written in clear language for everyone. Great read.
I usually recommend this one or Everything You Better Know About the Music Business by Kashif depending upon the person's mentality. Let me tell you why because I believe that Passman's version provides you some quality, needed information from a business perspective and it is a little more technical and can be difficult to read while Kashif's version is much easier to read but offers advice from an artist perspective. I've read both books and both perspectives and can see the value from both sides. You will be a much wiser and equipped artist, musician, engineer, publisher, songwriter, etc if you learn everything you can about the industry and pick up a copy of both.
This book is highly recommended.
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.