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- Title
An Alternative Operating Model for the Record Industry Based on the Development and Application of Non-Traditional Financial Models.
- Authors
Mali, Vivek V.
- Abstract
The days of monster profits for record labels have come to an end, partly as a result of technological advances and the availability of affordable, powerful personal computers that have removed barriers to entry into the music marketplace. The Note proposes using private equity funds that invest in musicians' intellectual property as a viable alternative operating structure for the record industry in the face of this democratization of ownership. The flexible, dynamic and diverse characteristics of a private equity fund and the low barrier to enter the marketplace for individual musicians, taken together with the numerous digital distribution channels and virtual `venues' available, could influence the record industry's move towards this model.
- Subjects
INTELLECTUAL property; SOUND recording industry; SOUND recordings; MUSICIANS
- Publication
UCLA Entertainment Law Review, 2008, Vol 15, Issue 1, p127
- ISSN
1073-2896
- Publication type
Article
- DOI
10.5070/lr8151027110