Term
|
Definition
Personal Manager
Attorney
Business Manager
Agent |
|
|
Term
| How many songs should a demo have? |
|
Definition
|
|
Term
| Why is it important to have best song first? |
|
Definition
|
|
Term
| Who is the first person on the artists team? |
|
Definition
|
|
Term
| Why should an artist be cautious about getting a lawyer to shop for CD? |
|
Definition
| they are not obligated; will not risk their credibility |
|
|
Term
| What should you do to screen sharks? |
|
Definition
| Look beyond sales pitch, keep on probation, look for references, ask your team. |
|
|
Term
| What 2 roles compare to personal manager? |
|
Definition
|
|
Term
| What are the 7 items listed as major aspects of the manager's job? |
|
Definition
helps with business decisions
creative process
promotion & publicity
assemble other people on team
work with booking agent
liaison with record label
buffer for outside world |
|
|
Term
| Typical range of commissions of a manager |
|
Definition
|
|
Term
| Typical term of management |
|
Definition
|
|
Term
|
Definition
| Limits manager's income after termination |
|
|
Term
|
Definition
| if person you hired dies, retires or leaves company, you can terminate contract. |
|
|
Term
|
Definition
| oversees financial aspects |
|
|
Term
| what credentials are needed for business manager? |
|
Definition
Errors and Emission Insurance
(no other required) |
|
|
Term
| How are business managers usually paid? |
|
Definition
| 15-20% based on Gross or Net |
|
|
Term
|
Definition
| Lawyers fee is based on deal he negotiates with label |
|
|
Term
|
Definition
| Amount held by attorney deducting by services |
|
|
Term
| CLients options when attorney reveals conflict of interest |
|
Definition
Wave the conflict
Hire another attorney |
|
|
Term
|
Definition
|
|
Term
| What unions regulate agents? |
|
Definition
| all of them (depends on type of work) |
|
|
Term
| What does franchising mean? |
|
Definition
| Agent is certified by the Union to represent |
|
|
Term
| What is the standard fee for an agent? |
|
Definition
|
|
Term
| what can record company do if a member leaves the group? |
|
Definition
Keep the rest
Keep solo
Drop the band
or any combination |
|
|
Term
| Most important asset of a band |
|
Definition
|
|
Term
| What are some of the major issues that should be addressed in a group contract? |
|
Definition
Expenses
Business entity
or any problem that will need to be handled in the future |
|
|
Term
| How is the band's name legally protected? |
|
Definition
|
|
Term
| What does a distributor do? |
|
Definition
|
|
Term
|
Definition
|
|
Term
| What does the promotions department do? |
|
Definition
|
|
Term
|
Definition
EMI
Universal(Vivendi)
Warner
Sony |
|
|
Term
| What is a true independent distributor? |
|
Definition
|
|
Term
| what does the term record include? |
|
Definition
| audio and audio-visual (any form) |
|
|
Term
| What are the two meanings of master? |
|
Definition
|
|
Term
| Labels compute artists loyalties based on what? |
|
Definition
| percentage of wholesale price |
|
|
Term
|
Definition
| records given to any retailers; dumping royalties for artists |
|
|
Term
| What is "reserve against returns"? |
|
Definition
| Labels keeps what artist makes until they figure out what sold |
|
|
Term
| What is "liquidating the reserve"? |
|
Definition
| account for what sold and give artist statement |
|
|
Term
|
Definition
| taking what artists made and applying it towards the amount they advanced to the artist |
|
|
Term
| what does union scale mean? |
|
Definition
| minimum amount paid to union workers |
|
|
Term
| are advances returned if not enough records sold? |
|
Definition
|
|
Term
| what is cross-collateratization? |
|
Definition
| label can recoup advance from any past or future deal with them |
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
| what does a bullet on billboard mean? |
|
Definition
|
|
Term
| what is the purpose of an escalation of royalties? |
|
Definition
|
|
Term
|
Definition
| artist responsible for paying producer and mixer |
|
|
Term
|
Definition
| recordings costs and any advances |
|
|
Term
| what is a "formula for advances"? |
|
Definition
| automatically increases or decreases deal on future albums based on sales |
|
|
Term
|
Definition
| play your music or pay you off (union members) |
|
|
Term
| difference between firm albums and option albums |
|
Definition
Firm - company obligated to record
Option - not obligated |
|
|
Term
|
Definition
demonstration recordings for label
(paid by label) |
|
|
Term
| what does commercially satisfactory mean? |
|
Definition
| labels thinks it will sell |
|
|
Term
| what does technically satisfactory mean? |
|
Definition
|
|
Term
| what is a controlled compassion clause? |
|
Definition
| labels demand discount on artists that write their own music and compostions |
|
|
Term
| what is the purpose of a guaranteed release clause? |
|
Definition
| if they shelf the record, you can walk |
|
|
Term
|
Definition
|
|
Term
| what are record one royalties? |
|
Definition
| producers paid from the first record sold |
|
|
Term
| how is the producer paid? |
|
Definition
| advance and royalties 3-5% |
|
|
Term
| who usually hires the producer? |
|
Definition
|
|
Term
| do mixers usually receive flat fees or royalties? |
|
Definition
| usually flat fees (royalties if creative contribution) |
|
|
Term
| what does exclusive mean? |
|
Definition
| artist cannot work for anyone else |
|
|
Term
| what is a sideman performance? |
|
Definition
|
|
Term
| which unions receive payments per record? |
|
Definition
|
|
Term
|
Definition
| detailed royalty statements to artist |
|
|
Term
|
Definition
| middle man that deals wit record label |
|
|
Term
|
Definition
| leases floor space for non returnable record sales |
|
|
Term
|
Definition
| talent forms company that represents them, so it will protect them against lawsuits |
|
|
Term
|
Definition
| document signed by artist saying they will perform in contract for label |
|
|
Term
|
Definition
| license with label to sell record |
|
|
Term
| what is a independent production agreement? |
|
Definition
| independent label signs for distribution with bigger label |
|
|
Term
|
Definition
|
|
Term
|
Definition
Presage & Distribution
manufacturing distributes |
|
|
Term
| Actors Equity Association (Equity) |
|
Definition
|
|
Term
| American Federation of Musicians (AFM) |
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
| Publisists, recordings, etc. |
|
|
Term
| Screen Actors Guild (SGA) |
|
Definition
|
|
Term
| Writers Guild of America (WGA) |
|
Definition
| Scripts, stories for film or tv shows |
|
|
