MUS 190 Midterm

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MUS 190 Midterm
2013-10-21 05:11:31

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  1. Management:
    oversee artist, buffer between artist and world
  2. Attorney/entertainment lawyer:
    negotiate deals, industry relationships, shop deals, and contracts
  3. Business management:
    accountant, payroll for crew, taxes, commissions
  4. Agents:
    book live shows
  5. How is Management paid?
    15-20% commission
  6. How are Attorneys paid? (3 ways)
    • hourly
    • value billing (retainer+hourly+if/when they make you money)
    • 5% of whatever you make
  7. How is Business Management paid?
    hourly or 5% of whatever you make
  8. How are Agents paid?
    typically on commission of 10% of the money you get from the live show they get you
  9. 3 management types:
    • firm
    • individual¬†
    • self
  10. Main responsibilities of a manager:
    • help make decisions
    • help with creative process
    • promote and build hype
    • assemble team and oversee duties
    • coordinate with agent
    • keep record company on the ball
    • buffer between artist and outside world
  11. What is a record deal exactly?
    a deal with another entity that helps you get your music out there
  12. Album/Record:
    a collection of songs, usually by the same artist
  13. Compilation:
    collection of songs by several artists
  14. What is the biggest music retailer?
  15. 3 Major labels:
    UMG, WMG, Sony Music Entertainment
  16. Indie label:
    not owned by conglomerate, sometimes starts form DIY
  17. What did A&R traditionally do?
    find artist to match with songs
  18. What does A&R do NOW?
    find new talent and develop them, match producers and artists, match songwriters and cowriters, generally oversee project
  19. What is A&R people called?
    talent scouts
  20. What is a "finders fee"?
    payment to the guy that finds something successful
  21. Advance money:
    money given to artist to sign with the label
  22. What does "recoupable" mean?
    you need to pay it back!
  23. Royalties:
    money made from recorded music (sometimes called points)
  24. Imprint label:
    artist runs their label on a major label
  25. Royalty rate:
    usually 12-18% of wholesale price
  26. Intellectual property:
    something you created
  27. Artist royalty:
    royalty to performer
  28. Compulsory license:
    you need to let people use your stuff
  29. Publishing:
    making your composition available to the public
  30. Mechanical royalty:
    songwriters share of physical units
  31. What is the mechanical royalty rate?
    $0.091 per song, limited to 10 songs on a album
  32. Performance royalty: (broadcast)
    money paid to you for TV, radio, film, stores, elevators, etc.  (non-interactive)
  33. What do you need to do to get paid?
    affiliate with a Performance Rights Organization like ASCAP or BMI
  34. How long does a copyright last?
    life of the artist plus 70 years
  35. Copyright:
    legal protection against unauthorized use of your intellectual property; exists when you record or write down your work
  36. Publishing splits:
    equal split by law - lyrical and musical
  37. What is the "music" and "lyrics"?
    • music: melody and integral groove/hook/riff
    • lyrics: words
  38. How does the pay get split for publishers and writers?
    • Writer: 50%
    • Publisher: 25%
    • other 25% is somewhere else
  39. Sync royalties:
    if someone wants your music for a movie/TV; you're paid upfront
  40. Print royalty:
    royalty on sheet music/tabs/songbook
  41. Special use:
    using music in video games, audiobooks, toys, Hallmark cards
  42. What is the difference between LP and EP?
    LP is longer than 30 minutes, EP is under 30 minutes