In this clip from – In this panel held at a 2007 meeting of the American Bar Association, panelists Gary R. Greenstein, Jacqueline C. Charlesworth, Lee Knife, Richard Owens, Victoria Bassetti discuss the state of the digital music marketplace today from numerous points of view — licensing bodies, record companies, regulatory agencies, and artist advocates, and assess whether and how the current regulatory climate accurately and fairly reflects the best interests of all participants. Among the topics discussed are: today’s digital marketplace and the globalization of music distribution; the recent and ongoing debates over proper performance royalty rates for music played on webcasts; whether there exists a model that could scale efficiently to handle licensing issues on a global basis, and what kind of regulatory models are most likely to both foster the creation of music and encourage consumers of music to seek out new artists and songs via digital outlets.