Managers/Talent Agents Flashcards
Managers do what?
Run artist’s business
Create and administer strategic plans that advance:
Careers
public recognition
profit
Business stability
Legal Requirements
No state or federal certifications
NY and CA forbid managers from signing contracts or getting jobs for artists w/o talent agency license
How Managers make money?
Run artist’s business and their own
Principal Job Responsibilities
Artist commitment to career
Managers are ?
CEO front person for business dealings strategists sales persons savvy music people problem solvers contract finders and administrators
Hiring and firing?
Done by managers
Managing finances
Responsible for receiving income, allocation expenses
Fiduciaries
Trust; act in best interest for artist
Getting and administering contracts
Music business run by this
Manager’s relationships with attorneys
Can change if necessary
Manager’s Relationships w/ Talent Agents
Profitable employment financially and promotionally good accurately drawing power of acts communicate well be honest and ethical
Managers must communicate artist’s
history and performing and drawing power sales history of recordings promotional success musicianship and stage performance team support stability accountability
Manager’s Relationship with Record Companies
Recordings still important
Which Record company good for this artist
Ensure that recordings can be marketed and sold
Help plan marketing
Try to ensure that artist gets priority over simultaneous releases
Manager’s Relationship with Publishing Companies
Composer’s songs can bring in more publishing revenues than that derived from sales of recordings and concert performance fees combined
