MUS 190 Midterm

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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
Card Set:
MUS 190 Midterm
2013-10-21 09:11:31

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