Music industry

The music industry consists of the companies and individuals that make money by creating and selling live music performances, sound recordings and music videos of songs and instrumental pieces. Among the many individuals and organizations that operate in the industry are: the songwriters and composers who create new music; the singers, musicians, conductors and bandleaders who perform the music; the companies and professionals who create and sell recorded music and/or sheet music (e.g., music publishers, producers, recording studios, engineers, record labels, retail and online music stores, performance rights organizations); and those that help organize and present live music performances (booking agents, promoters, music venues, road crew).

The industry also includes professionals who assist singers and musicians with their music careers (talent managers, artists and repertoire managers, business managers, entertainment lawyers); those who broadcast music (satellite, Internet radio stations, broadcast radio and TV stations); music journalists and music critics; music educators and teachers; musical instrument manufacturers; as well as many others.

Recording Industry Association of America

The Recording Industry Association of America (RIAA) is a trade organization that represents the recording industry in the United States. Its members consist of record labels and distributors, which the RIAA says "create, manufacture and/or distribute approximately 85% of all legally sold recorded music in the United States." The RIAA headquarters is in Washington, D.C.

The RIAA was formed in 1952. Its original mission was to administer recording copyright fees and problems, work with trade unions, and do research relating to the record industry and government regulations. Early RIAA standards included the RIAA equalization curve, the format of the stereophonic record groove and the dimensions of 33 1/3 rpm, 45 rpm, and 78 rpm records.

The RIAA says its current mission includes the following:

Net worth

Net worth (sometimes called net or wealth) is the total assets minus total outside liabilities of an individual or a company. Net worth is used when talking about the value of a company or in personal finance for an individual's net economic position.

Put another way, net worth is any asset owned minus any debt owed. Net worth can be a negative number if one's debt owed is greater than the value of the assets owned.

Companies

Net worth in business is generally based on the value of all assets and liabilities at the carrying value which is the value as expressed on the financial statements. To the extent items on the balance sheet do not express their true (market) value, the net worth will also be inaccurate. On reading the balance sheet, if the accumulated losses exceed the shareholder's equity, it is a negative value for net worth.

For a company, this is called shareholders' preference and may be referred to as book value. Net worth is stated as at a particular year in time.

Net worth in this formulation is not an expression of the market value of the firm: the firm may be worth more (or less) if sold as a going concern.

Over the Rainbow

"Over the Rainbow" (often referred to as "Somewhere Over the Rainbow") is a ballad, with music by Harold Arlen and lyrics by E.Y. Harburg. It was written for the 1939 movie The Wizard of Oz, and was sung by actress Judy Garland in her starring role as Dorothy Gale. The song won the Academy Award for Best Original Song and became Garland's signature song, as well as one of the most enduring standards of the 20th century.

About five minutes into the film, Dorothy sings the song after failing to get her aunt and uncle to listen to her relate an unpleasant incident involving her dog, Toto, and the town spinster, Miss Gulch. Dorothy's Aunt Em tells her to "find yourself a place where you won't get into any trouble." This prompts Dorothy to walk off by herself, musing to Toto, "'Some place where there isn't any trouble.' Do you suppose there is such a place, Toto? There must be. It's not a place you can get to by a boat, or a train. It's far, far away. Behind the moon, beyond the rain..." at which point she begins singing.

Marc Anthony

Marco Antonio Muñiz (born September 16, 1968), better known by his stage name Marc Anthony, is an American actor, singer, record producer and television producer. Anthony is also the top selling tropical salsa artist of all time. The two-time Grammy and five-time Latin Grammy winner has sold more than 12 million albums worldwide. He is best known for his Latin salsa numbers and ballads. Anthony has won numerous awards and his achievements have been honored through various recognitions. He was the recipient of the 2009 Congressional Hispanic Caucus Institute (CHCI) Chair's Award. He also received the "2009 CHCI Chair's Lifetime Achievement Award" on September 16, 2009. He holds the Guinness World Record for best-selling tropical/salsa artist and the most number-one albums on the Billboard Tropical Albums year-end charts.

Early life

Marco Antonio Muñiz, known professionally by his stage name Marc Anthony, was born in New York City to parents from Yauco, Puerto Rico. His mother Guillermina was a housewife, his father, Felipe Muñiz, a musician and hospital lunchroom worker. Anthony's parents named him after Mexican singer Marco Antonio Muñiz. Anthony grew up in East Harlem, also known as Spanish Harlem and El Barrio, and is the youngest of eight surviving children. He was raised Roman Catholic.