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Artist Management for the Music Business, 3rd Edition by Paul Allen

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CHAPTER

Entrepreneurship and Basic Money Management

3

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The music business once had many full service major labels. The labels weren’t competing with file sharing; vinyl to CD conversion kept catalogue recordings vibrant and productive; dozens of electronics and media stores were thriving selling music, books, and video products. And then the Internet matured, and with that maturity came the realization of how really immature the music business was. It was unable to fend off theft of its intellectual property, it clung to its decades-old business model, it lost valuable time trying to deny that the digital age had anything to do with music, ...

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