Music and Film Licensing in the Current Digital Environment

The growth of technology has had a significant impact on most every facet of the entertainment industry. According to Marc Jacobson, who concentrates his practice in media and entertainment at Greenberg Traurig LLP, this is most evident in the music business, where unit sales, revenues and jobs have been reduced by an astonishing 50% since 2001. But Jacobson is also quick to point out that music is consumed — listened to, played, streamed, downloaded and copies made — more than ever before. In this exclusive video interview with LegalMindsTV, he discusses how changes in technology have led to a profound shift in the entertainment industry and how constantly-evolving business models are struggling to compete in a landscape dominated by Apple NASDAQ:AAPL iTunes, which accounts for 69% of all digital music sales and 25% of all music sold, and Amazon NASDAQ:AMZN, which is a distant second with 8% of the digital market.

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