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Survey of Music Business > Exam 4 > Flashcards

Exam 4 Flashcards

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Ultimate Music Theory flashcards
1
Q

AF of M (AFM)

A

union that represents studio musicians

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2
Q

AFTRA (SAG-AFTRA)

A

represents studio singers``

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3
Q

AFM basic session master scale for side and leader musicians

A

$431.21- side
plus 12.75%

leader is doubled

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4
Q

AFTRA master scale pay for session singers (soloists and duos)

A

$236.25 per hour or song per singer + 12.75% for health
and pension
• $799.11 per singer for 3-hour call or 3 songs

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5
Q

reason group members are signed to a label individually and corporatley

A

means that breach of contract by one is breach of contract by all. and if someone leaves the group they are still under contract

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6
Q

how unrecouped expenses for a group and leaving member are split

A 
Most companies (when you ask) will agree to pro-rate the deficits and
recoup the costs of the solo artist’s album from their royalties.
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7
Q

label contract terms for leaving member

A

Most labels agree not to charge future group

charges against the solo artist, and vice versa

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8
Q

most common corporate agreement for groups

A

Limited Liability Company – basically a partnership with the

limited liability of a corporation

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9
Q

advantages of an LLC

A

They are less expensive to set up and run than
corporations but provide the tax benefits and protections
of a corporation.

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10
Q

conflict of interest as it applies to groups and their attorney

A

the attorney who represented the band in their
partnership agreement can’t represent one of the members
against the others, the attorney can advise the members of the
issues and the conflict of interest and let the members
decide on an agreement on their own, requires signing a waiver

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11
Q

how rights to groups name are obtained

A

use it

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12
Q

how rights to a groups name are protected

A

a service mark

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13
Q

team member in overall charge of an artists tour

A

personal manager

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14
Q

a deposit

A

a type of insurance policy where the promoter must pay agent

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15
Q

artists team member who collects and hold deposits for tour dates

A

agents

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16
Q

typical amount of live date deposit

A

50%

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17
Q

team member responsible for smooth operation on the road

A

tour manager

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18
Q

four responsibilities of the promoter

A
  • Promoters book the hall
  • pay the rent
  • pay for advertising
  • supervise the running of the show.
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19
Q

percentage of concert tickets over the internet

A

80%

20
Q

second-hand ticket sellers and how they make mony

A

ASK`

21
Q

hall fee and how it is negotiated

A

the amount charged by the building or venue for the sale of merch, It’s a percentage of the gross sales and can be negotiated
down with clout

22
Q

a rider

A

an artist’s addendum to the appearance contract

23
Q

what is typically on a rider

A
  • expenses
  • tickets
  • billing
  • recording
  • merch
  • interviews/promo
  • catering
24
Q

tech rider

A

equipment needed by crew

25
Q

merchandising

A

selling products with an artist’s

name or likeness on it

26
Q

How sales success of tour merchandise is measured

A

calculating per-head sales

27
Q

Tour merchandise royalties/advances and their conditions

A

(not recommended) can get advance but it must be paid back. based on projection of gross sales times
the royalty rate

28
Q

bootleggers

A

those who manufacture and sell unauthorized

merchandise with an artist’s name and likeness on it.

29
Q

typical characteristics of t-shirts sold at concerts

A

album cover, tour dates

30
Q

retail merchandising

A

merch without dates later sold online or in store

31
Q

merchandising and sub-licensing

A

made with companies to get into big retail stores

32
Q

creative control for merchandise

A

Artist should have the right to approve design,

artwork, photos, layout of any merchandise

33
Q

film production person in charge of placing music in films

A

music supervisor

34
Q

rights required for a song to be used in a film

A
  1. license to master

2. sync licnese

35
Q

label/artist profit split for use of master recording in film

A

50/50

36
Q

entrepreneurship in the music industry

A

Entrepreneurship typifies the business psychology of the music industry

37
Q

payola

A

the practice of bribing someone to use their influence or position to promote a particular product or interest.

38
Q

how opening acts typically obtain slots on major tours

A

pay their way

39
Q

free concert attendees and how they relate to merchandise sales

A

ASK

40
Q

five potential entrepreneurial careers in the music industry

A 
songwriters
record producers
artists
publicists
engineers 
managers
41
Q

initial conditions of a groups recording contract (as they relate to expenses)

A

everyone signs separate and a corporation

42
Q

business managers’ responsibilities as they relate to touring

A
  • financial aspects
  • forecast profit/losses
  • make sure everyone gets paid
  • should sound alarm when expenses exceed budget
43
Q

issues to address in an internal group agreement

A

who owns what

44
Q

amount AFM session leaders make in relation to other players

A

Leader: Double scale plus h&w plus 12.81% pension

SIDE?

45
Q

load in; load out. count in;count out.

A

load is for crew count is for merch

Survey of Music Business (4 decks)

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