.DonPassman updates the MusicBiz
When it comes to the music business, Don Passman has seen it all -- and written the book on it. Due to 40 years of accomplishments, clout and clients -- which currently include Taylor Swift, Paul Simon, Adele and Stevie Wonder -- Passman has landed on Billboard’s Power 100 list the past two years. But in most circles the attorney is best known for his seminal tome, a detailed handbook made palatable and engaging through anecdotes and humor, which will be rereleased for its 10th edition on Nov.
Because the industry has changed so radically, it was a moving target to get this thing current. I needed the extra time to get it as up-to-date as I could. When I thought I had it, the Music Modernization Act came along. I decided to write a section on the copyright infringement cases. In the meantime, streaming began to take more shape in terms of marketing and how the industry has adjusted for it. I had to do the best I could for the moment.
Is it easier or harder for an artist to make bad decisions in terms of contract terms? Is it any more difficult to navigate that then it used to be? I think the small labels are doing quite well. Unlike the days when physical product was king, small labels had a very hard time because you needed capital, you needed to manufacture to ship, you needed clout to get into record stores. You don’t need any of that any more So now if you’re doing good marketing and promo and positioning your artist well, you can make quite a bit of money.Yes, very much so.
You give a little bit of time to foreign performances. Is it getting any easier to get your hands on neighboring rights royalties?
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