Music Business Final

World War II introduced American music to the world through what method

armed forces radio network

Tin pan Alley was the nickname used to describe a district in New York City, that housed entertainment, industry, law firms, record labels, and sound Studios

False

Who are the current big three major label distributors

1. SONY

2. UNIVERSAL

3. WARNER

The original copyright act “ an act for the encouragement of learning” was made law in what year

1790

What is the current life of a copyright for an individual?

Life + 70 years

What is the current life of a copyright for a business?

120 years

What are the four licensed features provided by creative common?

1. Attribution

2. ShareAliken

3. Non-commercial

4. No derivatives

Who should be included on the composition split sheet

Lyricist and composer

Which of the following are not a PRO

Harry Fox agency

What is the typical writer/publishers % split of licensing

100% split between authors with equal percentages assigned to authors publishers

When a song is played on the radio, the writers performance royalty is paid to the songwriter by the publisher

false

Which PRO captures digital performance rights for the recording artist

Sound exchange

Owners of the sound recording also have a partial ownership of the composition

False

What is interpolation

Including a part of an existing sound recording in a new sound recording

How many criteria make up the fair use doctrine

4 criteria

The court team for a successful artist would include all of the following, except

Agent and or Manager

Which of the following is the typical percentage of income taken by the agent?

Typically 10%, but can go as high as 20

which state does not regulate the roles of artist manager and agent

Texas

In California, an agent must have which license to legally secure employment for an artist

License from the state of California

Which of the following is not a typical type of law for an entertainment lawyer

Litigation

What is the typical Manager’s fee?

10% to 25% typical 15%

It is best to pay managers from the adjusted gross net not the gross net income

True

The sunset clause gives a Manager incentive to sign for an artist for what reason

The artist has commissions available to bargain with when finding new management

The controlled composition clause in recording contracts, minimize the mechanical royalties rate payable by the record label

True

To break a new artist, a label can expect to spend between 500,000 and 1 million

True

Who pays the producer in an all-in deal?

Recording artist

What do points or PTS represent in a recording contract

Percentage of the sound recording revenue

What is the best definition of an escalation in a recording contract?

When sales of a recording meet a certain number, the royalty percentage increases or escalate

What does cross collateralization in a recording contract deal mean

Debt from recording one in a multi record deal is rolled over to the second recording

Since Texas is a right to work state there are no unions you are able to join

False

The unions are not allowed to accept money for their members. They can only make sure members get paid

False

When should you file for a trademark?

Once your brand/trademark can afford to pay for the 275 filing fee

What is the typical fee for a domain registration?

$10-$20

Your brand name social account handle must be the same as your URL across all social platforms

False

What are the three brand personality categories?

familiarity, similarity, likeability

Which is an example of brand extension

A pop singer launches their own apparel line

What are the three written narratives that defined a brand story?

Past, present, future

You must memorize your mission statement, exactly for when you share it in person otherwise you may get it wrong

False

what is the suggested length for your elevator pitch?

60 seconds

What is the suggested length for your mission statement?

1 to 2 sentences

What four things should your written mission statement communicate

Who you are, what you do, who you do it for, why/what makes you unique?