Music business major music labels are major conglomerates major labels 88 of market indies 12 university M G music group sony ME warner M G now own entity a good portion of the money goes to the music label and not to the artist each own a lot of smaller labels major concern declining profits music sales down about 53 since 1999 41 of CD s bought by people under 29 replaced vinyls w cds that group downloads the most but oldsters not replacing vinyl may also contribute impact of digital technology largest music retailer apple itunes 59 of music sales digital in 2012 15 of revenue from access models pandora single song sales replace album sales piracy and theft only 37 of music paid for 2009 peer to peer p2p file sharing made it easy RIAA trade group action recording industry of america lobby apple brick and mortar store wal mart was largest displacer of music make money by selling content Intellectual property rights who owns music and who should benefit from it copyright the legal registrations of ownership of an expression over the expression of na idea not the idea itself copyright owner has exclusive rights to their work can sue you if they catch you paying for music that you didn t pay for gives financial incentive for people to create stuff r gives exclusive control over their work for a certain amount of time copyright expires after time work enters public domain originally 14 years 14 year extension 1976 life plus 50 years and 75 for corp sonny Bono Copyright Term Extension Act life plus 70 95 years for corporate authors most copyrighted son in the world happy birthday need to give money to time warner brothers public domain ends around 1925 after 1925 someone holds it Tchaikovsky is PD Scott Joplin is PD most jazz is not public domain when copyright expires anyone can use it for free steamboat willie mickey mouse in danger of falling into public domain why do you want to make sure he doesn t fall into public domain other people can use it for inappropriate purposes powerful and financially helpful ex vodka condoms
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