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Presented at the 2011 Conference
(In alphabetical order)
Conference11/Papers/thumbs/elton.jpgThe headlines regularly tell us that overall revenue from record sales is continuing to decline.  This decline is having a huge impact on the bottom line at most record companies, and is being felt by all music industry entities receiving a revenue stream related to record sales.  Mechanical licensing and mechanical royalties, the flow of permission and money between record companies and music publishers, is more important than ever before as these parties fight over the size of their slice of a shrinking recorded music pie.  While much discussion in this area of the music industry focuses on what the mechanical royalty rate should be, there is little discussion of the mechanical licensing process, and its related administrative cost to all of the parties participating in it.    This paper takes a close look at the mechanical licensing process in a number of countries around the world, highlighting the relative simplicity or complexity of the process steps and the level of resources needed to perform them.  As pressure to reduce administrative costs within the recorded music industry continues to grow, the willingness to consider new and more efficient ways of doing business should also grow.  Identifying the least administratively burdensome approaches to mechanical licensing in use around the world today will help inform the future decisions of both business executives and governmental bodies with respect to this area of the music industry. (view session)

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