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17 Cards in this Set
- Front
- Back
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Music publishing |
Public performance royalties Mechanical royalties Synchronization royalties Digital/streaming royalties Sheet music |
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Master recordings |
Artist royalties Neighbouring rights Synchronization licensing Digital/streaming royalties |
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Touring / live performance |
Ticket sales VIP packages Sponsorship Experiences Corporate events conference Private function |
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Merchandise |
Apparel Souvenirs Trinkets Equipment |
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Commission manger |
- 10% - 20% Negotiated between artist and manager Clearly defined I partnership agreement Different types of income may be commissioned at different rates |
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Net income |
Gross= before deductions Net=after deductions |
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Commissionable income |
Music publishing Record sale live performances Merchandise Private: corporate engagement Public appearances Sponsorship Endorsement Funding income Public performance (Socan) |
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Management services |
Show booking Grant writing Social media management Public services Ip management Strategy and administration Offer as packages Project
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Decision process |
Financial gain vs maintains/furthering brand integrity |
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Partnership agreements |
Formal legal document Establishes how business operates Ownership Duties and expectation Division of income Decision making process Hiring Code of conduct Revision |
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Partnership agreements |
Long form: official, legally binding outlines all details procedure for foreseen business scenario Deal memo: abbreviated Highlights and vital info Email length |
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Business structure Sole proprietor |
PLUS: easy, own 100% Negative: individual connected to business, legal responsible for everything financial pressure |
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Partnership |
Plus: share privileges separate personal finances, divide and conquer Negative : partner not connected to the business You responsible for the action |
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Incorporation |
Plus: ur not personal liability is protected, revive government funding Negative: difficult and expensive |
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3 expenses |
Business expense: gear/equipment, operational,insurance Personal expenses: rent, groceries, toiletries Grey expense: working from home, clothes, meals |
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Per diems |
Walking around money $50 a day |
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Financial planning |
Life insurance Critical illness Disability protection Educational funding Retirement planning Tax and estate planning TFSA RRSP Investments Working with a financial planner |
