How could the Internet affect the role and effectiveness of a ...

[storky111]

How could the Internet affect the role and effectiveness of a talent agent?
 
  What will be an ideal response?

Question 2

Are oral contracts still used in the entertainment industry, and what are the pitfalls of agreeing to terms orally rather than in writing?
 
  What will be an ideal response?

[macagn]

Answer to Question 1

Access to information and the reduction of overhead costs has certainly changed the way in which a talent agent can promote talent over the Internet. Potential purchasers (venues) for talent can simply-with a few keystrokes-book talent from their office computer. The Internet has certainly improved access to talent and has opened doors for entrepreneurs in this field.

Answer to Question 2

Yes, oral contracts are still used in the entertainment industry, but much less frequently than in the early days of Hollywood entertainment. As more money and people are involved in a contract, parties to an agreement will often not even begin to perform a contract today until it is in writing and signed by the parties involved. Aside from the fact that certain contracts must be in writing (under the statute of frauds), one of the most important pitfalls of having a contract without a written agreement is proof of what was actually agreed upon, after the fact.

[storky111]

Thanks for the timely response, appreciate it

[mohan]

Great answer, keep it coming