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Research Project
The Business of Making Music - Property Rights
Let's now have a look in more detail at property rights.
You can get some background information on property rights by looking at our Mind your Business feature on Elvis Presley and Property Rights(http://www.bized.co.uk/current/mind/2004_5/280205.htm). You can get further help from the International Federation of the Phonographic Industry (IFPI) site(http://www.ifpi.org/site-content/copyrightcreativity/what_is_copyright.html), which gives details on copyright.
Task 4
What is the added value at different stages in the process of producing a CD?
Assume a CD single is priced at £5.00. What proportion of that price should be the amount that goes to the artist in your opinion? Explain your reasoning.
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Many artists over the years have had problems in managing their affairs - they are after all musicians rather than businessmen and women! A failure to manage the business affairs successfully however can mean that many musicians simply never see the fruits of their labour and end up in debt. There are a number of high profile cases of artists who have apparently had the world at their feet but in reality have nothing because they signed away the one thing that they were able to 'produce' - their music.
Image: Country singer Shania Twain at a Grammy awards ceremony in 1999 - typifying the image we might have of the music industry whereby if you appear on Top of the Pops or get to number one, you must automatically be a millionaire - but how many people in the industry do make that sort of money? Title: Country Girl. Copyright: Getty Images, available from Education Image Gallery
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