Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
26 Cards in this Set
- Front
- Back
|
Music Division
|
Record Groups
Music Publishing Company |
|
|
Record Groups
|
Record Labels
Record Distribution Record Manufacturing |
|
|
360 Deal
|
- Company offers talent financial funds
- Artist agrees to give percentage of ALL their income |
|
|
Lukewarm 360 deal
|
- The master album -> when sold generates revenue for publishing section
-covers 3 profit streams EXCEPT live performances -Money generated will cover costs, all remaining money will be paid and divided 50/50 |
|
|
The law of Contract
|
-mutual promise
- OFFER, ACCEPTANCE, CONSIDERATION - generally only one rememdy to breaching a contract (money) |
|
|
Invitation to Treat (Contract)
|
- you can accept an invitation but it doesn't been you will get a deal
|
|
|
Time period for offer (Contract)
|
-Putting a clock on the offer
|
|
|
Consideration (Contract)
|
• Consists of: a promise to do or not to do, or something done or not done at request of promise, express or implied → eg when you’re an exclusive recording artist you are promising not to record for someone else
|
|
|
Contracts with Minor
|
•Minor can void an existing contract either during minority or reasonable amount of time after attaining majority
•You cant hold contract with a minor if they want out of a deal |
|
|
Recoupment
|
certain costs to recoup/get back
|
|
|
Returns & Reserves
|
-percentage of royalties you are due from record sales
-only pay you a percentage of the royalties you are supposed to get if there are returns from stores -Returns = unsold records returned by distribution stores |
|
|
SRLP
|
- Suggested Retail List Price
|
|
|
PPD
|
-Published Price to Dealers
-The percentage of the artist’s royalty from the wholesale price of a CD. Every percentage for the royalty is known as a point. If the artist is to receive 12% in royalties then the artist would have 12 points. |
|
|
Royalties and Royalty Base Price
|
What you multiply your percenatage against*?
|
|
|
Grants of Rights
|
Exclusively (become the owner of everything one creates
|
|
|
Copyright of author who has died
|
50 years after death
-dec 31 (must be at end of the year) -Estate can make aversion after 25 years |
|
|
Reproduction of Music
|
- must compensate publishers
-80% of mechanical licensing done through CMRRA -Money collected by SOCAN -Synchornization license |
|
|
Mechanical License
|
-grants rights to reproduce musical work in physical form
-paid to publisher- they own reporduction rights -Licensing Agreements in Canada made between CRIA & CMMRRA |
|
|
SOCAN
|
-pay publishes and writers directly
-must register the song with them -US(ASCAF and EDMI) |
|
|
Co-Publishing Deal
|
Writers Share = 50%
Publisher & Writer = 25% |
|
|
Sub Publishing
|
publisher= 85%
sub publish =15% |
|
|
Royality Formula
|
A percentage of the wholesale price. $9.99 X 18% = $1.78
|
|
|
Why iTunes tracks cost 99 cents?
|
• .99 = 6% (mechanical from CRMA) = .93 cent , -.70 cents for the label ..= 23 cents to iTunes
|
|
|
Core concepts of marketing
|
• Product
• Price • Place • Promotion |
|
|
FACTOR
|
-committe grants and directs board approval
|
|
|
MEC
|
Formula based on financial statements
|
