Standard Fee for Personal Manager
Standard fee for Business Manager
Standard fee for Attorney
Standard fee for Agent
An artist should agree to a double commission for an agent or manager when he has an entertainment company to conduct his professional activities. T/F
Conflicts of interest are limited to attorneys. T/F
Although the artist should make the final decision, picking an agent should be handled primarily by the manger. T/F
An attorney cannot represent an artist when she has previously represented the artist's record label. T/F
A personal manager is the most important person in an artist's professional career. T/F
What is a sunset clause
Clause limit management commissions after contract has expired
What are two major areas to worry about whne limiting a manager's commission after termination of the artist/manger contract?
1. Recording 2. Publishing
Donald Passman states that an artist should be extermely careful when hiring this team member?
What is the union who regulates agencies
Name four of the eight ways to screen potential team members.
1. Referrals/References 2. Meet in person 3. Ask who you will work with 4. Discuss fees upfront 5. Confirm now/decide later 6. Look beyond the sales pitch
A clause that the person with whom you have a relationship must personally act as your manager.
A ____ provision gives a manager the right to act on an artist's behalf in certain circumstances.
Power of Attorney
List 5 deductions that should be taken out BEFORE computing the managers fee
1. Tour expense 2. Recording Fees 3. Opening acts 4. Producer 5. Collection Cost 6. Money Loosing Tours
What is lifecasting?
Connecting wtih fans through socail media
List six questions an artist should ask before hiring a business manger
1. Fees 2. Who wil you be working with 3. Are they a CPA 4. Do they hold investment license 5. Are they familiar with over seas tax law 6. Do they prepare taxes
What pre team startegies should be completed before an artist hires a team of professionals?
1. Product 2. Fan base, marketing brand, create hype 3. Recording
A ____ means you send in an independent person to see if the business manager has properly handled your money.
Explain the difference between a personal manager and a business manger
Business Manager handles finances and money related issues. Personal Manager handles everything involving the artist.
Why should an artist be cautious when asking his team members for references when hiring another professional?
Conflicts of interest
A _____ is a set fee charged by an attorney that is either credited against the ultimate fee, or is considered a flat fee covering all services.
Why does a personal manager typically continue to recieve a commission after his management deal with an artist has ended?
worked hard and deserve profits
Which two states require agents to be licensed?
New York & California
What is a referral fee?
fee paid to someone referring business or making a recommendation to another
List seven of the most important aspects of a personal manager's job
1. Working with the label 2. Working with Business Manager 3. Working with attorney 4. Working with Agent 5. Working with artist in creative process 6. Helping artist assemble and maintain team 7. heling with tours
Describe the typical flow of product in the music industry
1. Songwriter wrties the song 2. Artist creates product 3. Pitch product to attorney who pitches to label/publishing company 4. Label markets the product 5. Consumers purchase the product either in cd/online media 6. Consumer goes to live show 7. Consumer purchases merchandising
Which professional team member has evolved into one of the most powerful groups in the entertainment industry
A business manager should be registered if he plans to give this type of advice
Describe the potential benefits to hiring a young, inexperienced personal manager to assist wtih a new artist's career?
A lot of time and energy to devote. Probably only client.
List three questions you should ask before hiring an attorney
1. Fee they charge 2. Do they foress any conflicts of interest 3. What area of the music industry is their practice focussed in
What organizations certifies album sales figures
Which producer royalty calculation uses the net rate for recoupment calculation
How many albums must be sold to reach gold album status
Typically in computing net 0 under a 360 deal, record labels limit the commissions you can pay your professional team to:
Which record company deduction persisted until recently
90% net sales
Which department of the record label works to get an artist's songs played on the radio
Adjusting the bass, mid-range and treble to the right level so that no one overpowers the others
The _____ clause of a recording contract lists specific standards that the record label will use in determining whether to accept or reject an artist recording
Artist royalty rate for untethered downloads
Distribution method for physical product whereby space is leased from retail stores and racks fo records are put into the stores
Artist has an 10 point royalty and sells 100,000 copies of an album at a $10 wholesale price. The recording contract allows the label to take 30% as reserves. What amount is payable to the artist (assuming no other deductions)?
$70,000. (10% 100,000 copies @ $10 ea./30% reserves)
What is the standard time period for liquidating reserves
Recording agreements typically define _____ to mean any kind of delivery of music for consumer use, whether sound alone or with visuals.
What is a master
The orginal recording made in the studio and an artist's recording of one particular song
Comapny with major networks that move physical records from manufacturing plants into the store.
Which of the following lists the correct percentages for foreign royalties
Canada-85%, Majorities Territories-70%, R.O.W.-50%
Royalties from which area have increased over the past few years
One of teh most important clauses you should include in a recording agreement is the ________ clause because it allows you to verify the record company's royalty accounting.
A ____ deal is made when a record label puts up a small amount of money for the artist to make a recording in the studio. The artist should be wary of cost reimbursement if he later signs with another label.
What is the range of royalties for a new artist
Which department of the record label works to get records into the stores and onto digital sites
What is the main advantage to signing a record deal with a major label
Artist signs a Record deal and gets a 12% royalty rate and a $50,000 advance. The record label allows artist to spend $100,000 in recording costs on the first album. The ablum sells 200,000 units at a wholesale price of $12. The record label takes a 15% free goods deduction. How much will Artist generate in royalties?
(2.4 sales, $360K free goods, 2,040,00 Royalties, 244,800)
Which department of the record label handles advertising, publicity and album cover artwork?
Including this clause in a recording contract will allow an artist to terminate the deal if the label does not put out the artist's records
The historical method for calculationg royalties was based on a percentage of ___
The process of holding artist royalty monies to pay back an advance from the label
Compilation album and greatest hits royalties are calculated on ___ basis
Which contract clause would prevent you from going back into the studio to record one of the songs you recorded for a studio album.
Which of the following correctly lists the label parent companies that own the four major distributors?
EMI, Sony, Universal, WEA
Artist signs a record deal with Major Record label, agreeing to a 360 deal that took 15% of artist's non record income from all revenue streams, including publishing, touring, merchandising and sponsorships. As part of the deal , Artist also signed a publishing deal with major publishing company. Artist is very excited about the benefits of having all aspects of her career with such an important and successful company. What interests has the artist given up here?
Active interest & Passive interest
A ____ record is one reduced to about 75% of the US basic rate for the purpose of encouraging consumers to buy catalog titles
What did teh 9th Circutui decide in F.B.T. v. Aftermath?
Downloads are licenses, and therefore the artist is owed 50%
Sometimes record labels will use a (n) ___ to automatically increas or decrease an artist advance for the second album based on royalties earned by the first album.
A (n) _____ is a set amount of money which includes both recording costs and any amoutns that may be payable to the artist as an advance.
What royalty percentage does an artist recieve for the sale of ringtones & ringbacks?
artist royalty percentage
What is an inducement letter?
An agreement between an artist and lable, stating that the artist will deliver recordings if the corporation does not perform.
Which of the following is recoupable form artist royalties by the record label?
Recording costs, video costs, website costs, advances
Which of the following lists the correct criteria for an artist to obtain full royalty for US Normal retail sales?
CD or digital download, sold in the US at full price, through normal retail and distribution channels
What is the current payment sturcture for master licenses?
15-25% fee to label, then 50/50 split between artist & label
What are the typical escalation points if a record company is accounting for free goods
600,000 for gold 1,200,000 for platinum
What is the typical producer royalty percentage paid on US sales
3-4% of wholesale
When an artis has _____ rights over artwork, the record label creates the artwork but has to please the artist.
Which division of the record label is responsible for getting all other devisions of the label to work together to push an artist's records?
A ____ deal is an agreement where a record label puts up some money for an artist to record a few masters and has a pre-negotiated recording cotnract in place for the artist to roll into if the label decides to sign the artist?
A delivery clause will always require that the albums be ____ satisfactory to the record label.
Commercially & Technically
A record label will require that its recording agreement with the artist be ____.
_____ rights are the rights to put an artist's name on T-shirts, posters, etc. for sale online and at concerts.
Copyright is a form of ______ ownership for certain types of artistic and creative works.
Copyright laws int he US are based on which copyright philosophy?
Authors rights & Users rights
What is the name of the world's first copyright law?
Statute of Anne
Copyright protection in the US starts here____.
File form and register copyright with Library of Congress
SESAC was established in ____
World's first copyright law was passed
Digital Millennium Copyright Act passed
Printing Press invented
1st US Copyright Act passed
4th general revision of the Copyright ACt
Copyright act of 1976 effective
World's 1st PRO established
The Coca Cola symbol is an example of a
The Coca Cola formula is an example of
What term of copyright protection did the Copyright ACt of 1976 set?
life + 50 years
What are the 3 basic requirments for copyright protection
1. Originality 2. Expression 3. Fixation
What is the traditional income split between music publisher and songwriter
List 2 major sources of income for a music publisher
1. Performance income 2. Mechanical license royalties
What is the current stat mechanical rate
What is the name of the area in NY where many publishers set up offices
Tin Pan Alley
What is the current term of copyright protection in the US
Life + 70 years
What is controlled compositon clause
Artist is also writer and typcially artist will only get 75% of stat royalty rate
List the exclusive rights granted to the copyright owner unders section 106 of copyright act
Reproduce, Distribute, Perform, Make a derivitive of, Display
What is a compulsory mechanicl license
Granted by statue without obtaining a license
Waht are the two ways that a record label will limit the payment of mechanical royalties
Per song/per album
What is a blanket license
Issued by PRO
What is a synchronization license? Example:
Synch music to audio visual production. Commercial
What are three benefits to joining a songwriting organization
1. Workshops 2. Song evaluations 3. Legislative support
What is the typical percentage range for an administration fee?
10% to 20% of gross
What three things are deducted from gross income to calculate the net publisher's share?
Administration fees, expenses, writers royalties
Difference between a co-publishing and admin deal
co-publising-two writers with two publishers sharing in copyright. Admin-agreement to allow only administrative work no copyright.
Many US publishers use a ____ to collect income in foreign territories
What does MDRC stand for
Minimum Delivery Release Committment
What should you watch out for as a staff writer
Limited places where he/she cna collect royalties, If publisher is getting advancees writer should too, Cross Collaterization for team, or group writers.
What were the 2 major changes under the 1976 Copyright Act
1. Term changed to life + 50 years 2. Termination
How are tracks typically treated in dividing up ownership of a song
50/50 or per agreement
Explain how a true co-admin deal works
Each publisher collects and tracks their own royalties
A songwriter may want the publisher to come to him for approval for these:
changes in song, for film, for video game
List three types of expenses that an administrating publisher may deduct as as direct cost associated with the administartion of a particular song
1. Copyright registrations 2. Demos or lead sheets
3. Collection costs
What is the standard royalty rate for digital print
25% of SLRP
A(n) ______ is a reproduction of a work produced solely for the purpose of a transmission of the work by an entity legally entitled to publicly perform the work.
To file a copyright infringement action a copyright owner must first do this:
Register your copyright
License made by an auther on or after January 1, 1978 may be terminated by the author or certain heirs during a ___ year period that starts after the ___ year of the grant.
What is the first year in which termination is effective for 1978 copyright
What is work for hire
Company employs a writer for a specific work and writer does not own the copyright
What is the difference between in context and out of conetes trailers
in context-specific use/out of context-a particular section is played in a different part of the film
What is the term of copyright protection for a pre 1978 workd
Barbara wrote a song in 1920. What year will her song fall into the public domain
Frnak wrote a song in 1965. What copyright act does Frank's work fall under?
Copyright Ac tof 1909
Frank forgot to renw his copyright would his work fall into public domain? (1909)
No- because Act of 1976 granted for automatic renewal
What does ASCP
American Society of Composers Authors & Publishers
What does SESAC stand for
Society of European Stage Authors & Composers
What does BMI stand for
Broadcast Music Inc.