MUS 190 Midterm
Card Set Information
MUS 190 Midterm
oversee artist, buffer between artist and world
negotiate deals, industry relationships, shop deals, and contracts
accountant, payroll for crew, taxes, commissions
book live shows
How is Management paid?
How are Attorneys paid? (3 ways)
value billing (retainer+hourly+if/when they make you money)
5% of whatever you make
How is Business Management paid?
hourly or 5% of whatever you make
How are Agents paid?
typically on commission of 10% of the money you get from the live show they get you
3 management types:
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
What is a record deal exactly?
a deal with another entity that helps you get your music out there
a collection of songs, usually by the same artist
collection of songs by several artists
What is the biggest music retailer?
3 Major labels:
UMG, WMG, Sony Music Entertainment
not owned by conglomerate, sometimes starts form DIY
What did A&R traditionally do?
find artist to match with songs
What does A&R do NOW?
find new talent and develop them, match producers and artists, match songwriters and cowriters, generally oversee project
What is A&R people called?
What is a "finders fee"?
payment to the guy that finds something successful
money given to artist to sign with the label
What does "recoupable" mean?
you need to pay it back!
money made from recorded music (sometimes called points)
artist runs their label on a major label
usually 12-18% of wholesale price
something you created
royalty to performer
you need to let people use your stuff
making your composition available to the public
songwriters share of physical units
What is the mechanical royalty rate?
$0.091 per song, limited to 10 songs on a album
Performance royalty: (broadcast)
money paid to you for TV, radio, film, stores, elevators, etc. (non-interactive)
What do you need to do to get paid?
affiliate with a Performance Rights Organization like ASCAP or BMI
How long does a copyright last?
life of the artist plus 70 years
legal protection against unauthorized use of your intellectual property; exists when you record or write down your work
equal split by law - lyrical and musical
What is the "music" and "lyrics"?
: melody and integral groove/hook/riff
How does the pay get split for publishers and writers?
other 25% is somewhere else
if someone wants your music for a movie/TV; you're paid upfront
royalty on sheet music/tabs/songbook
using music in video games, audiobooks, toys, Hallmark cards
What is the difference between LP and EP?
LP is longer than 30 minutes, EP is under 30 minutes