MGT 375 The Business of Music
Art and commerce meet in this course that examines music industry fundamentals of business and law. Students interested in theatre, broadcast, TV, film, news media, recording and performance music will explore intellectual property protections such as copyright, trademark, privacy, publicity and royalty rights. Contracts, licensing, agency and management agreements for recording artists, composers, lyricists and songwriters with their representatives, producers, music publishers and distributors will be examined. ASCAP and BMI best practices will be reviewed. Pros and cons of business structures such as sole proprietorship, limited partnerships, corporations, limited liability companies and the related aspects of finance, accounting, economics, marketing, taxation, insurance and management will also be introduced for a comprehensive overview of the music business. Also see Enrollment Requirements.