Launched in the UK in 2018, Hipgnosis Song Fund was touted as a groundbreaking opportunity for investors and musicians alike. By buying song catalogs directly from artists, Hipgnosis provided musicians with immediate cash. The Fund offered investors the opportunity own a piece of music history and receive long-term predictable income that wasn't correlated with the stock market. Although the Fund might have looked like an investment in artists and their music, in the US, many investments in artists and their music are securities. Learn how musicians can unwittingly find themselves needing to navigate the complex web of securities laws.

The US system’s use of performance rights organizations to license music is efficient and enables widespread access to music at the expense of artist control over the use of their recordings.

Cabaret cards, music royalty structures, sales quotas, and an American Federation of Musicians strike all started with good intentions but brought with them unintended consequences that transformed their industries that weren’t always positive. However, with proper planning and foresight and guidance from an attorney, musicians can prevent unintended consequences that can harm their careers.

Crowdfunding is a popular form of fundraising for musicians and small business because it helps build a following while also raising money. However, it’s important to know when crowdfunding becomes subject to federal securities laws and what to do about it.

During a collaboration, authors may get caught up in the creative process and not consider the legal implications of their work. However, it’s important to decide up front whether they intend to create a joint work or composite work and work with an attorney to document their intention.

In 1991, the SEC said singer Paul Anka could be paid for making introductions in securities transactions. However, today, musicians can’t receive payments for helping others raise funds, nor are they permitted to pay success-based referral fees to unlicensed individuals.