FOOTNOTES Section II 1. Shemel, S. and Krasilovsky, M. W., This Business of Music. N.Y.: Billboard Publishing Inc., 1977. 2. "The Gorillas are Coming." Forbes, July 10, 1978. 3. "Narm Adult Market Study," Music Retailer, November, 1976 56 FOOTNOTES Section IV 57 1. "Survey of Employment, Underemployment and Unemployment in the Performing Arts," prepared for the Human Resources the Department for Professional Employers, AFL-CIO by Ruttenberg, Friedman, Kilgallon, Gutchess and Associates, Inc., 6. 15% of all households have incomes of $25,00 or greater. $25,000 or more. .835 x P = .084. Thus, P = .1 or 10 percent. 27% of all families have an annual income of less than $7,000 while only 4% of families headed by a college graduate fall in this income category. Let Q be the percentage of all families that have an annual income of less than $7,000 and whose head has less than 4 years of college. Then .04 x 16.5 Q x 83.5 = .27 and Q = .32. 40.4% of AFM members surveyed had four or more years of college. For AFTRA members the percentage was 49.4. Then if the rewards to education are the same for AFM and AFTRA members as for the rest of the labor force we would expect that for the AFM the percentage earning $25,000 or more annually would be 40.4 x 0.4 59.6 x 0.1 = 22.12%. The expected percentage earning less than $7,000 annually is and the expected percentage with incomes below $7,000 is 58 13. 14. 15. 59 Faulkner, Robert R., Hollywood Studio Musicians. Their Work and Careers in the Recording Industry. Chicago: Aldine-Atherton, Inc., 1971. Ibid., p. 17. "Survey of Employment..., op. cit., p. V-13. 21. "Statement of Recording Industry Association of America, Inc.," Performance Rights in Sound Recordings, Subcommittee on Courts, Civil Liberties, and the Administration of Justice of the Committee on the Judiciary, House of Representatives, Ninety-fifth Congress, Second Session, June 1978, p. 743. Rosse, James N., "Estimating Cost Function Parameters Without 22. Using Cost Data: Illustrated Methodology," Econometrica, 23. 24. 25. March 1970, pp. 266-268. "A prosperous Turnabout for Records," Business Week, "The Gorillas Are Coming," Forbes, July 10, 1978. Kirkeby, Marc, "The Changing Face of Record Distribution," The New York Times, February 18, 1979. 60 |