People are always finding new ways to listen to music, from vinyls and cassettes to stolen downloads and paid streaming services.

So, how is the music business holding up? Who’s making the money today? And what's in store for musicians with the growth of artificial intelligence?

On this episode of our podcast, On the Merits, Bloomberg Law’s Roy Strom dives into those questions and more with Sid Fohrman, chair of the music industry practice at Paul Hastings.

The Los Angeles lawyer, who joined the firm from Willkie Farr & Gallagher last month, has advised on deals involving Lady Gaga, David Bowie's estate, and Taylor Swift. He's also a musician himself who packed his bags early in his legal career and headed from Chicago to Hollywood to take a chance following his passion.

Fohrman has had a seat at the table as the music industry figured out how to make your favorite songs ubiquitous. The real challenge is how to make money—and how to make the money go where it should. That’s where Fohrman thinks the industry can do a better job.

Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.