Music Industry
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Last updated 3:31 PM on 12/11/22
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25 Terms
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3 main revenue streams generated in the music industry
recordings, music publishing, live performance
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major music and entertainment companies
sony music entertainment, universal music group, warner music group
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record label divisions
business affairs, accounting, international, marketing, sales, promotion, advertising, publicity, A&R, A&R admin, producers
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publishing companies and structure
universal music publishing, warner/chappell music, bmg rights mgmt, sony music publishing
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single song contracts
publisher acquires copyrights, parties split 50/50
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exclusive songwriter/staff deals
- all songs written during contract to the publisher
- required to write 12-20 songs/yr
- no songs to any other publisher
- agreement one year with up to 4 renewals
- royalties split as in single song agreement - advances: $20k+/yr
- required to write 12-20 songs/yr
- no songs to any other publisher
- agreement one year with up to 4 renewals
- royalties split as in single song agreement - advances: $20k+/yr
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standard deal
co written by 2 writers that share same publisher, each writer gets 25% of total royalties
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copyright admin deals
takes a share of income but leaves copyright ownership alone
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largest music promotors and agencies
AEG and live nation
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venue types
stadiums, arenas, amphitheaters, theater, and clubs
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concert promoters contract for artists services through
talent and booking agencies
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AFM stands for
american federation of musicians
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IFPI
advocates for recording industry worldwide
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RIAA
legal advocate for interests of recording industry and certify sales of recordings (gold, platinum, diamond)
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top global music markets
us, japan, uk, germany, france
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certification levels
gold: 500,000
platinum: 1,000,000
multi-platinum: 2,000,000 diamond: 10,000,000+
platinum: 1,000,000
multi-platinum: 2,000,000 diamond: 10,000,000+
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SEA & TEA in us
893.1m
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artists and songwriters advances are considered ____________ but not returnable
recoupable
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gift economy
any services or goods given with the anticipation that a future return will be provided
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synchronization
the process of putting music to moving images
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music director
makes decisions as whether a new song will be added to the playlist any week
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program manager/director
plan program schedule
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traffic manager
coordinates stations programming w advertising provided by sales
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promotion department
obtaining radio airplay for records
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A&R department
find new talent and songs for artists to record for company