In the entertainment industry there are many liabilities
that have to be taken in to account. Some of those liabilities include
intellectual property infringement, contract issues, employment law risks and
much more. In the first video provided
below discusses copyrights extensively. There were some very interesting points
made during the video that I was not aware of and that are very important for
people in my industry to know. One thing that I had no clue of was that there
is a 3-year statute of limitation on copyright infringement suits. Another thing I found interesting is that you
could reverse titles for works that have not been completed yet. The movie “The
Butler” had to change their name to “Lee Daniel’s, The Butler”. Check out entertainment law update for podcast.
Another issue that is common in the entertainment industry
is employment law risks. Interns are always something that companies need to
have a full understanding what is covered under the internship umbrella. There are 2 main types of internships in the
U.S.A. . The first on is, “Work experience internship: Most often this
will be in the second or third year of the school period. The placement can be
from 2 months to one full school year. During this period, the student is
expected to use the things he/she has learned in school and put them into
practice. This way the student gains work experience in their field of study.
The gained experience will be helpful to finish the final year of study (Wiki,
2013).” The second one is, “Research internship (graduation) or dissertation
internship: This is mostly done by students who are in their final year.
With this kind of internship a student does research for a particular company.
The company can have something that they feel like they need to improve, or the
student can choose a topic within the company themselves. The results of the
research study will be put in a report and often will have to be presented
(Wiki, 2013).” The questions that arrive
from internships situations is when is it no longer an internship, how many
hours can be works, what kind of jobs should be paid for and things of that
nature which the podcast below discusses.
The last things I want to touch on today that is one of the
most important things in any industry are contract issues. Contracts are legal documents
that protect the deal made and the terms between two people or entities. In the video the speaker gives a great example of what can happen if you do not
have your paperwork together. He had a client that wrote on a multi platinum
selling song only to receive no royalties because he gave the music without
receiving a contract first. I had to learn the hard way when starting off in
the business that you cannot work off of someone’s word, not even family.
I hope you all like the videos provided and learn something
from them, I sure did. Thank you all for reading see ya next blog.