ABSTRACT
Live music makes up a large percentage of the music industry’s revenue and profits. Live music is a skinny margin business. That’s particularly so if students’re promoting big acts and/or they’re taking a big proportion, 70, 80, 90, 100% of the bill. As a musician, students need to maximise their income streams. Students will record original songs and place them on streaming services. If students would make money from performance, they need to get under the hood and examine the engine of the live music industry. Songwriters are paid for live performance rights through the action of performing rights. Performing rights are the collection of rights of the creator of a piece of music to perform that music in public. A live performance contract is also called a booking contract. It outlines the conditions under which a performance will take place, the rights and responsibilities of each party, and how financials are to be acquitted.
