Key Stakeholders Essay

2623 Words Feb 21st, 2013 11 Pages
U1 Assignement

Where music industry begins, the expetation of those who are creating music also begins.
Artist created music for pleasure, but is now a monetized industry, made up of risks and investment.

1.1 Key stakeholders and structure of music The music industry is formed by many different stakeholders , all useful and necessary to run this.
The music must surely be first of all created and then later become known.

To succeed in this there are some key roles in the music industry

Most important and essential roles are :

ARTIST AND COMPOSERS : can be classified by their roles in performing music and writing music, a person who makes music a profession.

RECORDING
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The agent will discuss with the potential customer their requirements and advise them on a act suitable for their event.

Tour mangers : are responsible for making sure a concert tour runs smoothly. Their jobs involve looking after the tour finances, making sure everyone is where they are supposed to be when they are supposed to be there and generally making sure that everyone on tour is on task.
Basicly Confirming reservation, Managing tour finances, Getting everyone to where they need to be on time, Dealing with promoters, venue managers,tickets agents etc, confirm sgow times.

Promoters : they promoter live shows, secure a venue for a show, promote the show via the media and via posters,flyers in the local area, work with the band and agent to make sure all the show night needs are covered.
The promoter is responsible for covering the venue costs and the costs of promotion and any special equipmen,the most of the time they spend more than they make .
Distributions: they have to sell recordings and to increase the group's visibility and popularity by convincing stores to stock and promote its recordings.
Promotion can include in-store displays, media advertising, listening stations within the store, sale pricing and even special high-visibility placement of the group's records or cd’s even if Internet has changed the traditional supply chain of the music industry. Music distributors can be

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