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[Business Today] Music & Inventions
[Malaysia SME] IP in Music: Shake Your Money Maker
[Business Today] The Music Business
By Rebecca Chong
“Seems like everybody’s got a price, I wonder how they sleep at night when the sale comes first and the truth comes second…” – Jessie J quite aptly describes the music industry in the 21st century in that opening line from her massive hit, “Price Tag”. Traditionally, artists assign the copyright of their work (recording of a song) to a record label and in return receive royalties from sales of their music. But today, artists find it difficult to monetize their music, particularly because with just a click of the mouse, music lovers all around the world are able to listen to or download songs for free! At the rate the internet is dominating the world, pretty soon CDs will be in the same category as cassettes – antiques.
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