An independant artists with a start up company that has only been in the music industry for 2 years it is clear that there is a lot to learn for this newly born business and its sole employee. A business’s main goal is to generate money and cash flow this money made is then put back into the business to help improve the service it offers to improves its chances in making even more money. As an independent artist when I first started out i thought the only way to make money would be from performing and selling albums or singles however since the start of the poster task until now I have learnt that this is not the case there are many more ways for an artist like myself to make money to make money. It has come apparent that artists are able
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In regards to representation artists have an incorporated society of musicians who protect the rights of identities within the music industry they provide legal advice, liability and legal expense insurance along with 24 hour legal, tax and counselling helplines. This is helpful for when problems arise with venue managers or other parties involved in music production by having someone fighting in your corner allows for the best possible outcome in your favour and artists are also able to pick up tips along the way to help with musical journey.
The music Union is another representative on behalf of the artists who offer similar services in addition, they provide contract templates and advice so before signing anything artists can run it by the music union who would be looking out for their best interest. These services are provided by the payment made by the artists but have discounts for …show more content…
Songwriters and composers have money coming in from: publishing deals where copyright ownership is divided up into a 50% 50% split between the publishing company and the songwriter/composer, performing rights society(PRS) and mechanical copyright protection society.
Record companies tend to spend thousands to tens of thousands of artists products through distributing, marketing, promoting and producing and make all their money from the sale of the artist 's product. By dealing out loans to artists all of the expenses mentioned earlier are payed back in royalties which make a profit. However this is a high risk business as more often the not record labels fail to make any money of the product worked on.
Impact learning has had on my own career
In regards to representation artists have an incorporated society of musicians who protect the rights of identities within the music industry they provide legal advice, liability and legal expense insurance along with 24 hour legal, tax and counselling helplines. This is helpful for when problems arise with venue managers or other parties involved in music production by having someone fighting in your corner allows for the best possible outcome in your favour and artists are also able to pick up tips along the way to help with musical journey.
The music Union is another representative on behalf of the artists who offer similar services in addition, they provide contract templates and advice so before signing anything artists can run it by the music union who would be looking out for their best interest. These services are provided by the payment made by the artists but have discounts for …show more content…
Songwriters and composers have money coming in from: publishing deals where copyright ownership is divided up into a 50% 50% split between the publishing company and the songwriter/composer, performing rights society(PRS) and mechanical copyright protection society.
Record companies tend to spend thousands to tens of thousands of artists products through distributing, marketing, promoting and producing and make all their money from the sale of the artist 's product. By dealing out loans to artists all of the expenses mentioned earlier are payed back in royalties which make a profit. However this is a high risk business as more often the not record labels fail to make any money of the product worked on.
Impact learning has had on my own career