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Survey of The Music Industry > Survey of The Music Industry Week 2 > Flashcards

Survey of The Music Industry Week 2 Flashcards

You may prefer our related Brainscape-certified flashcards:
Ultimate Music Theory flashcards
1
Q

PL Statement

A

Profit and Loss Statement

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2
Q

360 Rights

A

The companies get a piece of all of an artist’s earnings

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3
Q

Money-losing tours

A

Artist can also ask for reduced commission on money-losing tour

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4
Q

Sunset clauses

A

Avoids paying commissions to former manager and incoming manager

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5
Q

FInal Cutoff

A

Best to try for a date on which all commissions end no matter what

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6
Q

Agents - role

A

Music agents involved primarily in booking live personal appearances

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7
Q

Business Managers - role

A

Business manager handles all of an artist’s money

Important to note that a person needs NO CREDENTIALS to be a business manager

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8
Q

Key man clause

A

Protects the business if a key person is lost

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9
Q

Record business overview - A&R

A

People with the ear to find talent

Work Creativitly with Artists

Artists and Repertoire

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10
Q

Record business overview - Promtion

A

Live solely for getting your record played on the radio

As well as streaming platforms

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11
Q

Record business overview - Finance

A

Compute and pay royalties

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12
Q

Record business overview - Business Affairs/Legal

A

Are responsible for company contracts not only with artists but also with digital service providers

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13
Q

Record business overview - International:

A

Coordinate release of records around the world

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14
Q

Record business overview - Catalog

A

Music that is no longer being produced
Like a collection

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15
Q

Record business overview - Film/TV

A

Hounds people to use their songs for films/tv

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16
Q

Record business overview - Extra

A

Sales, Production, Production management

17
Q

What makes a major label?

A

Major record companies all distributed by major distributors

Only 3 major distributors,

18
Q

Why do major record labels work?

A

Things work because they’re done at such a high level

GOOD DISTRIBUTION IS MOST IMPORTANT

19
Q

Independent Labels

A

Are not owned by major labels

20
Q

Major-Distributed Independents

A

Distributed by major distributers but still owned independently

21
Q

True Independents

A

Independent label, independent distribution

The more accounts you have in places the easier it’ll be to distribute

22
Q

Distributors and streaming

A

You do not need a distributor for just a small local band but if you are trying to get larger than you need one.

Merch is different than regular distributing

23
Q

What’s a record?

A

A record includes both ‘audio only and audiovisual devices’

Survey of The Music Industry (3 decks)

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