Music Money and Success 7th Edition: The Insider's Guide to Making Money in the Music Business

Music, Money and Success: The Insider's Guide to Making Money in the Music Busines is the industry bible and the ultimate guide to making money in the music business. Music is a business of money, contracts, decisions and making the most of every opportunity. To succeed - to make money - to have a career - you have to know what you are doing in both music and business.

This invaluable book tells you how the business works, what you must know to succeed, and how much money you can make in films, television, video games, ASCAP, BMI and SESAC, record sales, downloads and streams, advertising, ringtones and ringbacks, interactive toys and dolls, Broadway, new media, scoring contracts and synch licenses, music publishing, foreign countries and much more.

This indispensable reference is written by industry insiders Todd Brabec, Educator, Entertainment Law Attorney and former ASCAP Executive Vice President and Worldwide Director of Membership, and Jeff Brabec, Vice President of Business Affairs, Chrysalis Music Publishing.

Todd Brabec, as Executive Vice President and Worldwide Director of Membership for ASCAP (the American Society of Composers, Authors and Publishers - the world’s largest music licensing organization) for well over 3 decades, was in charge of all ASCAP Membership operations throughout the world, all writer and publisher payment formula recommendations, changes and implementation, all advances, loans and other member financial arrangements and was responsible for signing most of ASCAP’s successful songwriters and writer/artists including James Taylor, Marvin Gaye, Metallica, Green Day, Smokey Robinson, Joni Mitchell, Neil Young, Journey, the Jimi Hendrix catalogue, Earth, Wind & Fire, Bob McDill, Jeff Lynne and Tom Petty as well as the blockbuster film and television composers James Horner (“Avatar”, “Titanic” - the 2 top grossing films of all time), Hans Zimmer ( “Pirates of the Caribbean” films), James Newton Howard (“Dark Knight”), Michael Giacchino (“Up”, “Medal of Honor” video games) and Randy Newman ("Toy Story" films), among many others.

Through his leadership, direction and efforts over 37 years, ASCAP grew from 60 million dollars to 1 billion dollars in annual revenues, from 30,000 members to 350,000 writers and publishers and from a lowly 20% overall market share to market share dominance in radio, television, feature films and all other major media. In addition, he was able during his long career, to eliminate all ASCAP payment policies, provisions, formulas and rules which were not in the best interests of songwriters and composers as well significantly increasing the payments for film and television score and theme songs.

Jeff Brabec is Vice President of Business Affairs for the Chrysalis Music Group (representing the catalogues of OutKast, Sheryl Crow, Gnarls Barkley, Danger Mouse, John Denver, Leon Russell, My Morning Jacket, Blondie, David Bowie, Paul Anka, Billy Idol, Jethro Tull,The Yeah Yeah Yeahs, A3 (The Sopranos television theme), TV On The Radio and Ray LaMontagne).  He specializes in evaluating, analyzing, projecting income and negotiating music publishing catalogue acquisitions as well as songwriter, co-publishing, participation, administration, subpublishing and joint venture agreements.  He has negoiated more than 1,000 movie, television, video, new technology and advertising commercial agreements for chart writers,writer-recording artists and writer - producers.

Previously, he has been Vice President of Business Affairs for The PolyGram Music Group and Director of Business Affairs for both The Welk Music Group and Arista-Interworld Music Group where he represented the catalogues of Elton John, Henry Mancini, Van Morrison, Jimi Hendrix, Hall & Oates, Jerome Kern, and Oscar Hammerstein II, among others.  A graduate of New York University School of Law, he has also been a government legal services attorney.