Music and Live Entertainment

Recorded music moved from unit sales to streaming, where platforms pay out a share of subscription revenue that flows first to labels and reaches artists only after recoupment, so catalogue owners capture most of it. The reliable money moved to touring, where promoters, venues and ticketing companies add service fees on top of the face price, and Live Nation's 2010 merger with Ticketmaster put promotion, venues and ticketing inside one company. Superstar economics dominate both halves, with a small share of acts earning most of the income. The literature covers the label business and its payola history, the concert and ticketing industry, the economics of superstar pay, a practitioner's guide to contracts and royalties, and Spotify's negotiations with the rights holders.

5 books