Sunday, March 9, 2008

Digital Music Sharing Impossible to Enforce

Report Buyer has added a new report called "Music Publishers in the US - IBISWorld Industry Report" (http://www.reportbuyer.com/go/IBI01017)

Every time a song is used or performed the copyright owner, traditionally, music publishers, must grant permission and issue a license to collect payment. However, this is becoming increasingly harder to enforce with the advent of digital music sharing and downloading technology. Adding to music publishers woes are artists who are becoming more reluctant to commit to a contract which relinquishes control of their intellectual property as the need for assistance with promotion and distribution diminishes.

Enforcing existing regulations against file sharing and lobbying to limit its use, is futile as the growth of online music continues apace. New digital environments and opportunities for growth in new markets including online commercials and mobile phone ringtones, are being sourced and incorporated into the savvy music publishers business model.

This industry comprises establishments primarily engaged in acquiring and registering copyrights for musical compositions in accordance with law and promoting and authorizing the use of these compositions in recordings, radio, television, motion pictures, live performances, print, or other media. These establishments may own the copyright or act as administrators of the music copyrights on behalf of copyright owners.They generally derive revenues through licensing agreements.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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