Description:

Ron Sobel, President of North Star Media, talks about changes in the music industry. Music has changed in all formats. The delivery is different and there are new revenue streams. Sobel points out why individuals enlist the help of Harry Fox Agency. Also in this segment, Sobel explains that the format and method of payment is unclear. For instance, no one knows if the music sold on iTunes should be looked at as a record sale or third party license. If it is looked at as a record sale, artists receive their artist royalty rate. If it is looked at as a third party license, artists receive 50/50. The debate remains unresolved.