Term
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Definition
| restricts how much time an artist can perform on a song. Also does not allow the artist’s name or picture in the artwork |
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Term
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Definition
| at least $2 but not more than $3 less than SRLP and not before 18 months after the release (artist will receive 75% royalty) |
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Term
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Definition
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Term
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Definition
| more than $3 less than SRLP and not before 36 months after the release (artist will receive 50% royalty) |
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Term
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Definition
| New artists typically receive 8 – 12%, established artists typically receive 18% |
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Term
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Definition
| The record label is the author and owns the copyright because the artist is deemed this |
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Term
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Definition
| licensing music in commercials, tv shows, movies, dvd’s, or video games |
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Term
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Definition
| The label promises to usually only put one during the term and one after the expiration of the contract |
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Term
| Owner of the masters (in most cases) |
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Definition
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Term
| Artists must get this before delivering a multiple record set to the label |
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Definition
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Term
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Definition
| albums that are given away for promotional or marketing purposes |
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Term
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Definition
| putting music on a compilation CD |
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Term
| all advances are paid back to the record label, these are |
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Definition
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Term
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Definition
| the length of the contract |
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Term
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Definition
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Term
| if the producer of an album receives royalties they are taken out of |
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Definition
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Term
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Definition
UMG 31.9% (slight increase from 06)
SonyBMG 24.97% (27.44% 06)
WMG 20.2% (18.14% 06)
EMI 9.37%
Total 86.44% |
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Term
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Definition
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Term
| The technical distinction of a major vs indie |
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Definition
| a major owns the distribution (exception is Koch) |
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Term
| Our distinction of a major vs indie |
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Definition
| a major owns worldwide distribution |
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Term
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Definition
Overall music sales
1.369 billion
14% increase
Total CD sales
511.1 million units
17.5% decrease
$7.45 billion in revenue
Last week of 2007
58.4 million units
Biggest ever |
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Term
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Definition
2007 Digital tracks
844.2 million
45% increase
2007 Digital albums
50 million
53% increase
2007: 23% of all music purchases
2006: 16% of all music purchases
2005: 9% of all music purchases |
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Term
| 2007 Mobile Formats Sales |
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Definition
361 million units (14.6% increase)
Master ringtones (about 220 million) |
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Term
| 2007 Sales Drops by Genre |
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Definition
Rap 30%
Alternative 19.2%
R&B 18.3%
Country 16.3% |
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Term
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Definition
1980s CDs introduced
1988 CDs outsell vinyl
1990 Increase in sales - replacement cycle
1992 CDs surpass cassette tapes
1994 20% increase in Sales
Best Buy & Circuit City entered the market
1995 Replacement cycle complete
Traditional retail struggling
2000 Internet took over – especially hitting hard the
CD singles sales
Market continues to decline |
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Term
| In terms of an artist, what is a label interested in? |
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Definition
The artist’s music and image
The artist’s confidence in who they are
Their experience and seasoning as an artist
The artist’s uniqueness
Strength of the artist’s manager
If the artist has an existing publishing deal
How much touring has the artist done? How much is planned?
Sponsorship and merchandise deals
Experience selling tickets and recordings
Internet traffic to the artist’s social networking sites
The existing fan-base . Who should the target market be?
Publicity, awards, talent shows, etc
Commercial viability |
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Term
| What should the manager know about the label being approached? |
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Definition
Recent history of label album and single sales
Politics of the label
Recent personnel changes at the label |
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Term
| US Top Sellers
(first 4 months) |
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Definition
2008
1 artist sells more than 1 mill
Jack Johnson
15 titles debut 100k or more
2007
3 artists sell more than 1 mill
Daughtry
Akon
Norah Jones
19 titles debut 100k or more |
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Term
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Definition
Josh Groban
High School Musical 2
Eagles
Alicia Keys
Daughtry
Hannah Montana 2
Linkin Park
Fergie
Taylor Swift
3.7 million
2.9 million
2.6 million |
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Term
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Definition
29 mill: Eagles: GH
27 mill: Michael Jackson: Thriller
23 mill: Led Zeppelin: IV
Pink Floyd: The Wall
22 mill: ACDC: Back In Black
Garth Brooks: Double Live
21 mill: Billy Joel: GH Vol I & II
Shania Twain: Come On Over
20 mill: The Beatles: White album
19 mill: Fleetwood Mac: Rumours
Boston: Boston
17 mill: Garth Brooks: No Fences
The Bodyguard |
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Term
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Definition
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Term
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Definition
AFTRA
American Federation of Television and Radio Artists (for vocalists)
AFM
American Federation of Musicians |
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Term
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Definition
| the ultimate job is to acquire masters for the label to market |
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Term
| Product Development/Product Managers |
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Definition
| manages the artist through the maze of the record company and its needs from the artist |
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Term
| business affairs department |
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Definition
| lawyers, accountants, reside at this label |
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Term
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Definition
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Term
| Creative services department |
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Definition
| in charge of imaging, graphics, photos, and design |
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Term
| Sales and marketing department |
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Definition
| sells product into retail and creates visibility of the product at the consumer level |
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Term
| SLRP (suggested retail price) |
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Definition
| set by the record label and is based on cost of the recording project, the artists status, genre of music, competitive landscape, and what the market will bear |
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Term
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Definition
| the dollar figure that is set by the distribution company that sells the product |
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Term
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Definition
Not intended for the public
To promote the product to the industry
Visit press & retail
Push music to radio stations
Meet program directors
On-air interviews
Private concerts |
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Term
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Definition
Markets
Shares
Types of Stations
National Airplay Charts
Playlists |
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Term
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Definition
| record labels team up with retail chains |
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Term
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Definition
| Targets potential buyers using |
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Term
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Definition
| Influence radio & retail using |
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Term
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Definition
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Term
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Definition
New York Times
Wall Street Journal |
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Term
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Definition
Music Industry News Network
Music Dish
Hits Daily Double
Recordlabelresource.com |
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Term
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Definition
The Complete Guide to Starting a Record Company by Keith Holzman
This Business of Music by Sidney Shemel and M. William Krasilovsky
Start & Run Your Own Record Label by Daylle Deanna Schwartz |
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Term
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Definition
Name
Logo
Trademark
Internet Domain
UPC Code
Publishing ? |
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Term
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Definition
Artist Development
Target Audience
Budget
Schedule
All Marketing Efforts |
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