Economics of Music Copyright: Income, Media, and Performances
In this volume, we begin our economic analysis of the non-dramatic performance copyright in the performing arts from the perspectives of performing rights organizations (PROs) such as ASCAP, BMI, and SESAC. We continue with the further expansion of the discipline of cultural economics. A basic economic model of supply and demand is used to illustrate the dynamic economic interplay of the music creators who supply the music and the demand by music users who market culture in various media industries and other venues. A general overview of the economics of music production is discussed. We end the chapter with a brief overview of performing rights organizations and music licensing.
KeywordsCompact Disk Copyright Holder Music Industry Musical Composition Digital Music
- Anderson, C. (2008). The Long Tail. Hyperion, New York, NY.Google Scholar
- Brabec, J. and Brabec, T. (2008). Music Money and Success: The Insiders Guide to Making Money in the Music Industry. Schirmer Trade Books-Music Sales, New York, NY, 6th edition.Google Scholar
- Christman, E. (2009). ‘Stormy Weather’. Billboard magazine. March 21, p. 16.Google Scholar
- Grant, P. and Wood, C. (2004). Blockbusters and Trade Wars: Popular Culture in a Globalized World. Douglas and McIntyre, Vancouver, BC.Google Scholar
- Keen, D. (2007). ‘How Are Royalties Created?’. http://www.ascap.com/musicbiz/christian_music_faq.
- Koenigsberg, I. (2002). Performing Rights in Music and Performing Rights Organizations, Revisited. White and Case, LLP, New York, NY.Google Scholar
- Krasilovsky, W. and Shemel, S. (2007). This Business of Music: The Definitive Guide to the Music Industry. Billboard Books, 10th edition.Google Scholar
- Smith, E. (2009). Universal music takes another stab online. Wall Street Journal. May 15, p. B8.Google Scholar
- Thall, P. (2006). What They Will Never Tell You About the Music Business: The Myths, the Secrets, and the Lies (& a Few Truths). Billboard Books.Google Scholar
- Throsby, D. (2006). Introduction and Overview. In Ginsburg, A. and Throsby, D., editors, Handbook of the Economics of Art and Culture, volume 1, pp. 4–21. North Holland.Google Scholar
- Walker, J. (2008). This Business of Urban Music: A Practical Guide to Achieving Success in the Industry, From Gospel to Funk to R&B to Hip-Hop. Billboard Books.Google Scholar