As the entertainment industry is swept in the fast changing pace of information technology, a lot of striking change is going on in the field. The music and film industry has especially undergone massive changes so that the rules of the ball game in this huge and ever-changing field are now different. The traditional way is simply outdated and this surely affects the roles of the entertainment lawyers.
In the last few years, companies and individuals who used to be so deeply entrenched in their position of power have now been unseated. They are replaced by new players who have the foresight to gamble and win on new online trends like social media and mobile technology. All of those who are involved in the entertainment industry must come to grip with the fact that the rules have changed and if they will not realize this, they will surely miss the boat.
New technologies have clearly changed the way entertainment content is created, published and distributed. Because of this, highly capitalized companies have lost some of their clout. The result is an increasing opportunity for new talent and voices in films, music or publication who are finding their own audience. Many of these changes involve the way artists, entrepreneurs and companies in the entertainment industry do business. It also affects how they deliver information.
A lot of newcomers are also entering the industry at a really dizzying rate. There is now a need for comprehensive reference as to the way the industry conducts its business. A book entitled Entertainment Law & Business has recently been published which strives to be an entry point for artists and entrepreneurs. This can help entertainment lawyers to understand the present complexities of clinching deals in key entertainment sectors like film, theatre, music and book publishing.
Authored by an entertainment industry authority, the third edition of the book, Entertainment Law and Business is a 700-page comprehensive guide to the legal and business sides of the entertainment industry. It is updated and expanded to reflect recent changes in the industry. Its sections cover each of the major industry sectors. The book Entertainment Law and Business also offers a guide for practical insider information on the legal transactions involved in common entertainment industry agreements and business deals.
Entertainment industry lawyers have to adjust to changes in the entertainment industry brought about by the onset of information technology. This is the same for executives, entrepreneurs, creative artists, individuals and businesses that are in the entertainment field. Ideally, artists, investors and entertainment lawyers should help to create a global entertainment community that has a competitive edge. A good entertainment lawyer has to react to these changes and use them to the advantage of their clients.