Copyright

Question 1

Copyright type that covers the underlying musical and lyrics

Answer 1

Form PA

Question 2

Copyright type that covers the final arrangement/recording

Answer 2

Form SR (Sound REcording

Question 3

Copyright type that’s used for music that’s not written by the artist recording it (i.e a cover/remix)

Answer 3

.

Question 4

When is a composition protected?

Answer 4

A piece of intellectual property or original work of authorship becomes protectable at the time of its creation, when it is fixed to a tangible medium of expression.

Question 5

What’s the length of time a copyright is in effect?

Answer 5

70 years after the death of the last living co-author.

Question 6

What is a work made for hire?

Answer 6

A work made for hire is a copyrighted work that an author creates and is compensated for, but does not own the copyright. Examples include magazine articles and music written for movies or compilations.

Question 7

The proper copyright notice contains the following:

Answer 7

A symbol ©, Abbreviation “corp” or the word “copyright”, the year of the work’s 1st publication, Name of copyright owner, symbol or trademark.

Question 8

The three performing Rights Organizations (PRO)

Answer 8

ASCAP, BMI, SESAC

Question 9

Which PRO was started by it’s members?

Answer 9

ASCAP

Question 10

What’s the function of a PRO?

Answer 10

PRO’s function is to collect public performance royalties on behalf of songwriters, publishers, and copyright holders.

Question 11

What’s the function of Sound Exchange?

Answer 11

Sound Exchange is a non-profit PRO that collects royalties from satellite radio, streaming radio, and other internet based performance situations.

Question 12

In live performances what is Backline Equipment?

Answer 12

Backline equipment is audio amplification equipment that sits behind the band on stage. (i.e, guitar amps) Could also be house instruments, i.e drum kit, keyboards

Question 13

In live performances what is Frontline Equipment?

Answer 13

Frontline Equipment is all PA equipment that sits in front of the band.

Question 14

What should a rider contain?

Answer 14

Food and beverages, or a pre-arranged amount of money that the promoter will provide to a band to buy themselves a meal and some drinks. The rider should also include information about special dietary requirements or preferences of the band.the number of dressing rooms a band requires, and even what kind of furniture the band would like in the rooms, what kind of flowers they want in the dressing rooms, and so on.

Question 15

Name the 4 income streams

Answer 15

Merchandise, Recorded Music Sales, Licensing, Live Shows

Question 16

Synch Licensing

Answer 16

Covers form SR. The right to use recorded music in timed combination with visual images such as film, TV, advertising web sites, and video games.

Question 17

The 3 major record labels and an artist from each.

Answer 17

Sony-Michael Jackson, Universal-Akon, Warner bros - Michael Buble

Question 18

The difference between a major and independent label.

Answer 18

.

Question 19

What’s the “record one” royalty clause in an independent producer contract?

Answer 19

“Record one” is a provision granting the producer a royalty which will be credited form the first record sold. Once the recording costs have been recouped, the producer is owed royalty payments back to record one.

Question 20

Define Advance

Answer 20

Money given to the artists be the record label to be used to cover production costs. The advance is a recoupable expense that must be paid back before the artist receives any royalties.

Question 21

What’s the function of a lawyer?

Answer 21

Review contracts, protect artist’s assets.

Question 22

What’s the function of a manager?

Answer 22

The manager handles the day to day business affairs for the artist. The manager is paid a percentage of the artist’s gross earnings generated from contracts negotiated by the manager.

Question 23

Describe the “sunset clause”

Answer 23

After the manager and artist’s agreement has ended, For 5 years the manager receives 10% of artist’s gross earnings from contracts negotiated by manager, the next 5 years the manager receives 5%

Question 24

What website give the most current Per Diem and gas mileage reimbursement rates?

Answer 24

GSA.gov

Question 25

What’s the function of the 1099-MISC tax form?

Answer 25

A 1099-MISC form serves a similar purpose to an independent contractor as a W-2 does for to an employee. The form reports the total amount of payments you receive from a single person or entity during the year that you provide services to.

Question 26

A manager’s Power of Attorney

Answer 26

By signing the agreement the artist give the manager is right to approve, authorize, sign, execute, and deliver any and all contracts in the Artist’s name. Make, execute, endorse, accept, collect, cash, and deliver any and all checks and notes as Artist’s said attorney.

Question 27

List 10 tax deductions

Answer 27

Gear, Office supplies, % of Cell phone bill, % of Internet bill, Gas/Mileage, Networking events, Business attire, Business meals, Publication Subscriptions, Software

Question 28

Word Problem

Answer 28

150k X .10% = 15k 30k-15k = 15k

Question 29

What is the traditional range of record producer royalty?

Answer 29

Usually the producer royalty is in the range of 3% to 4% of the retail price of records sold.