Music Attorney Donald Passman on Navigating AI and Market Changes in the Music Industry

In an enlightening discussion, music attorney Donald Passman, known for his indispensable guide 'All You Need to Know About the Music Business,' weighs in on the dynamic state of the music industry, sharing his expert perspective on AI's impact on intellectual property, catalog sales, the evolving models of streaming services, and more. His conversational style makes complex topics accessible, emphasizing the importance of understanding the business, especially in an era where artists often kickstart their own careers. Passman highlights the need for artists to choose their teams wisely, stressing due diligence and trust in one's instincts. AI's challenges, particularly in how AI-generated creations and voices impact the industry, are presented with a clear-eyed view of the legalities involved. He predicts streaming will continue to grow through subscription price increases and global expansion. However, he notes streaming's leveling growth in some regions and stresses the importance of artists adapting to diverse revenue streams. Additionally, Passman reflects on the recent catalog sales boom, the implications of such deals, and the future growth of the music industry. Through his insights, he underscores what defines the current state of the music business and what could lay ahead, with AI and market saturation being key factors that industry professionals and artists must navigate.