5 Written Questions
5 Matching Questions
- Hiring of Producer
- Cross-Collateralization problems in Multi-Artist Deals
- Record Label Right over Webcasting
- Product Coordinator
- Passman Quote CD's and albums
- a Usually part of the producer's team; handles the hands-on aspects of administration (actually calling the musicians and singers, completing paperwork, etc.)
- b This can become a major problem for the artist under this kind of deal. If a few of the artists are highly successful and several are not, the successful ones might end up suffering!
- c Producers are typically hired by the label or the artist. This is a contractual issue and speaks to who bears the burden for two things:
1) Contracting the producer (paperwork, negotiation and legal fees).
2) Paying the producer (either cash or from royalties).
- d 1) Internet Radio Stations- Record label maintains the right, since it involves use of masters.
2) Streaming Video or Music on Demand- Record label maintains the right, since it involves use of masters.
3) Internet broadcast of live concerts- Only with the record label's permission; label may share in any revenue derived from the broadcast.
- e "As the CD whimpers toward oblivion, there's a real chance that the album may disappear along with it."
5 Multiple Choice Questions
- The same as a multi-artist deal, but instead of production company earning a royalty, profits are split equally b/t the production company and the major label. For foreign sales, the joint venture simple shares in the royalties paid to the major label.
- If the record sold does not meet the criteria for US Basic Rate then the artist will receive a reduced rate.
- A contractual term for a record sold at a rate 65%-80% of wholesale.
- Small, independent retailers who purchase their music product from One-Stops.
- "Great mixers can make a huge difference in the success of a record."
5 True/False Questions
Digital Pressing and Distribution (P&D) Deals (TuneCore.com, TheOrchard.com, Songcast → 1) Wholesale Distribution Entities- They buy from the record label at the wholesale prices and place them in major retail locations as a markup.
2) One-Stops- Wholesalers who buy from the record labels and service smaller, independent retailers.
3)Rack Jobbers- Buy on behalf of a major retailer for placement with that retailer's locations (Wal-mart's is Anderson's)
4) Licensees- A company who signs an agreement with the record label authorizing them to both manufacture and distribute the records. (Record clubs and TV packages)
SKU → A bar code for each version of a song.(Shop Keeping Unit)
Sideman Performance → A non-featured appearance on a recording; occurs when an artist signed to a label does a performance on the album or song of another artist.
Upstream Deal (New Structure) → 1) Commercially and technically satisfactory
2) Studio recordings rather than "live" (depends on genre though)
3) Must be recorded during the term (The artist can't just turn in a bunch of old music)
4) Recordings that feature the artist
5) Not instrumental (Depends on genre)
6) Material that doesn't contain any legal problems (potential copyright infringement issues Etc.)
7) Songs must meet the minimum playing time (normally 2 minutes)
Distribution Methods of Digital Records → Digital revenue currently represents an estimated 47% of music industry sales and is increasing
1) Internet (Itunes)
2) Cell Phones (Full Songs)
3) Ringtones (snippets)
4) Internet Streaming