Music Business: Eleventh Edition

For more than three decades, the music industry has undergone profound changes, and Donald Passman's "All You Need to Know About the Music Business" has remained the definitive guide through it all. Now in its eleventh edition, this "industry bible" (as dubbed by the Los Angeles Times) is an essential resource for anyone in the music business, from musicians and songwriters to lawyers, agents, promoters, publishers, executives, and managers.

Passman's comprehensive guide offers timely insights into the latest trends and developments in the music industry. The book now includes updated information on the reasons why artists have more power than ever before, the significant impact of TikTok, the multi-million-dollar sales of artists' songs and record catalogs, the integration of music into Web3 and the Metaverse, and the emergence of music created by artificial intelligence. Additionally, the book provides a complete update on the latest numbers and industry practices.

The most profound change in the music business since the days of wax cylinders and piano rolls is the rise of streaming. For the first time in history, music is no longer monetized by selling physical products, but by the number of times a listener streams a song. This shift has created a new democracy for music, where artists can now reach listeners directly without the need for a record company gatekeeper.

Passman's expertise and insights are invaluable for both novices and industry veterans alike. As the "definitive guide for anyone who wants to be in the business," the book covers a comprehensive range of topics, including the latest trends, legal considerations, and best practices. Whether you are already established in the music industry or aspiring to be a part of it, this is an indispensable tool that will equip you with the knowledge and understanding necessary to navigate the ever-evolving landscape of the music business.

The "industry bible" has been updated to reflect the most recent changes and challenges facing the music industry. Passman's comprehensive guide is a must-read for anyone seeking to stay ahead of the curve and thrive in this dynamic and constantly evolving field.

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