All You Need to Know About the Music Business by Donald S. Passman $40/$106.08

big0743293185About a year ago, I didn’t know what to do with my life. But luckily, I’ve met good

guidance from then. A couple of months ago, my desire to pursue a career in the music

business grew. But I didn’t know where to start. I think this book is a good way to start.

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If you know which field in the music business you want to get involved, this is not a book

for you. There is no tip on how to become a better manager, promoter, or agent. This

book simply tells you the BUSINESS OF MUSIC. The book focuses on two sub topics. The

first is the type of jobs involved in the music business. And the second is how money

flows in music. The book is in the MUSICIAN’S Point of View.

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The really helpful information on this book were the ways on how to choose your team.

There is an online directory for all the music managers, promoters, lawyers, and

business managers. When I was looking for a job in New York, I couldn’t get a job from

looking at the job listing sites. I knew I had to do something different. I went on

Allaccess to find me a promoter and lawyer I could work for. I ended up working for an

entertainment lawyer. This book is filled with small tips like these. The most interesting

section was the record deal. I always thought a band’s contract with a major record

company is better longer. It’s quite the opposite. You need to view every album as an

investment. I wish every album could be a great commercial success, but it simply

doesn’t work like that. When record companies invest in a record, they want their

investments returned plus profit. When your first album doesn’t make a profit, you are

obligated to make another album to recover the investment of your first album.

But if you make another DOG album, well you just get bigger in debt with your

record company. The book talks about other situations where you actually create a

commercial successful album, but don’t see much of that profit due to the BUSINESS

of music.

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The book tells you to think smart when it comes to money. For ages, record companies

were messing with great musicians. The only way to secure your next disaster is doing

nothing for yourself. Reading this book won’t guarantee fame, but it will save your ass

from tough situations.

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