Why Record Companies Can’t Make Money Selling Records
On November 1, 2007, AELJ, in partnership with the ABA Forum on Entertainment and Sports Industries and the New York Chapter of The Recording Academy, hosted the Grammy Foundation Annual Event. This year, the event was entitledWhy Record Companies Can’t Make Money Selling Records. A panel of music industry executives and artist representatives discussed how and why record companies need to expand their interest beyond the traditional record-buying market and how this agenda affects recording agreement negotiations going forward
Opening remarks were presented by Ken Abdo (ELI Executive Committee Chair, Lommen Abdo Law Firm). The featured panelists were: Michael L. Reinhart, Esq. (Executive VP, Business & Legal Affairs, Universal Motown Records Group); Vernon J. Brown, Esq., CPA (President, V. Brown & Co.); Bob Frank (President, KOCH Records & KOCH Music Publishing); Michael Kushner (Executive VP, Business & Legal Affairs, Atlantic Records); Clark Miller (Executive VP & General Counsel, EMI Music Publishing); David Sonenberg (President, DAS Communications, Ltd.
The Annual Grammy Event is one of the highlights of the year for AELJ and was a huge success!