Tuesday, September 25, 2012

Copyrights, 360 Deals & Royalties



Entertainment law is an important aspect of the entertainment business industry. It is applicable to the film, music, and events businesses, and all those branches that nourish the entertainment industry. To assist in the dissemination of the legal significance of these businesses, experts have decided to study and share their knowledge. That is why we have the collaboration of Gordon P. Firemark with Tamara Bennet, who maintain a website full of podcasts for the benefit of all those who work and study law entertainment.

Firemark’s Episode 23 podcast talks about the copyright laws. Through out the discussed cases like Who Wants to be a Millionaire vs Disney, the Marvel Comic dispute, and the Wizard of Oz lawsuit, Firewark highlights terms like the lack of matter jurisdiction and the copyright's function. This is basically behaving as a set of legal rules and principles, which governs the moral and economic rights that the law grants authors (copyright).
His next podcast, Episode 29, has to do with 360 deals. For this episode a special guest participated, named Aaron Jacobson. She represents entertainment professionals like producers, musicians, companies and other performers. About the 360 degrees deals, Jacobson says that these are record agreements where record labels have the opportunity of owning and sharing all the profits and income or part of it of the artist career. Here it is included publishing and copyright termination.

Another Firemark podcast is Episode 32, having to do about royalties and cancelation proceedings. With Eminem's dispute about his digital album downloads, it is discussed the importance of clearly establishing royalties. Royalties are the payment made to an owner of a copyright, patent or trademark, so in exchange is enabled the right to exploit or use of certain resources. About cancelation proceedings, Firemark discusses a cancelation issue with Lady Gaga. He highlights the importance of having cancelation clauses in all contracts so any dispute may be resolve as easy and quick as possible. These clauses can even avoid possible lawsuits. 

Even though my business plan is more focused in the event industry, still these activities are part of the entertainment industry and need to be backed up by entertainment laws. Events need the affiliation of many companies to work together to execute events and these affiliations are done contractually.  

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