Since the advent of file-sharing technology in the late 1990s, the music industry has been challenged to reinvent itself. What has it done? How have the record labels repositioned themselves to cope with these massive changes? How does all this affect creative artists?

No one understands the music industry -- from the technology, to the legalities, to the new industry practices -- better than veteran music lawyer Donald Passman. In this completely revised and updated seventh edition of All You Need to Know About the Music Business, which the Los Angeles Times called "the industry bible" and which has sold hundreds of thousands of copies over the last eighteen years, Passman offers executives and artists, experts and novices alike the essential information they need not only to survive in these volatile and exciting times, but also to thrive.

Drawing on his unique, up-to-the-minute experience as one of the most trusted advisors in the industry, Passman offers new information on:

- 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

He also gives guidance on fundamental issues, such as 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

Everyone in the business -- musicians, songwriters, entertainment lawyers, agents, promoters, publishers, managers, record company executives -- is scrambling to figure out what's going to happen in the future, and Passman is in the thick of these changes. Anyone interested in a music career will need this comprehensive and crucial guide to making it in one of the world's most dynamic industries.

The Music Business and Recording Industry is a comprehensive textbook focused on the three income streams in the music industry: music publishing, live entertainment, and recordings. The book provides a sound foundation for understanding key issues, while presenting the latest research in the field. It covers the changes in the industry brought about by the "digital" age, such as changing methods of distributing and accessing music and new approaches in marketing with the Internet and mobile applications. New developments in copyright law are also examined, along with the global and regional differences in the music business.

This new edition includes a number of pedagogical features:

• key concepts outlined at the beginning of each chapter
• D.I.Y. activities promoting a more interactive, hands-on experience
• internet activities that use web resources to enhance the understanding of how things run in the music business
• case studies with specific instances of how real people have succeeded in the music business.
• questions to consider at the end of each chapter
• a running glossary throughout each chapter, as well as a full glossary at the end of the book
• a Companion Website including instructor and student resources.

As new methods of distribution change, new revenue sources are created, and the industry evolves, this book sets the economic and historical framework for understanding where the business has been and where it is going. In doing so, it not only describes the state of the music industry, but explains why things are the way they are.

The music industry has undergone radical changes in recent years, but abundant career opportunities still exist for beginners with talent, imagination, and a love of music. The record industry and its dealers have suffered recent setbacks, but most other aspects of the music business continue to flourish--and this book tells beginners how and where to find rewarding jobs. Highly talented singers, song writers, and instrumentalists are always in demand, but many lesser known and rewarding career opportunities exist, with new avenues opening virtually every day. Among job opportunities described in this book are artists' agents and managers, talent agents, sound technicians, film and TV technicians, film and TV production managers, advertising illustrators and copywriters, publicists, and many others. The author tells beginners how to match their own qualifications with potential job openings, seek and find job interviews, and get into the music business. For each job designation, she lists the special skills needed, describes a typical workday, and presents actual case studies of men and women who have found music career openings, and have gone on to make the most of them. Sidebar features include at-a-glance career tips and "voices of experience" notes citing the best and worst things about each job. New in this edition is information on how today's new technologies have influenced careers and created opportunities in the music business. The book's several appendices include lists of names, addresses, and web sites of music unions, organizations, directories, magazines, and schools offering degrees in music business management. There is also a glossary of music business and technical terms.