Artist Management
If the artist-songwriter's song generates $20,000 in royalties; and that songwriter has a standard publishing deal with their Music Publisher, how much money would the Manager make with 20% commissions if the artist co-wrote the song with one other person?
$1,000
If an artist's song appears on another artist's album that sells 20,000 units, and the compulsory rate of 9.1 cents is applied, how much money would the Publisher receive, before splitting share with the songwriter?
$1,820
If a songwriter's song generates $20,000 in royalties; and that songwriter has a standard publishing deal with their Music Publisher, how much money would the Songwriter make?
$10,000
If the artist-songwriter's song generates $20,000 in royalties; and that songwriter has a standard publishing deal with their Music Publisher, how much money would the Publisher make if the artist co-wrote the song with one other person?
$10,000
If an artist-songwriter's song generates $20,000 in royalties; and that songwriter has a standard publishing deal with their Music Publisher, how much money would the artist's Manager make in commission if their management contract includes publishing at a 20% commission rate?
$2,000
If an Artist receives a $25,000 Advance and the Recording costs were $75,000, how much money in commissions would their Manager earn if they were a 20% manager?
$5,000
If an artist sold $100,000 worth of merchandise at their show. And the merchandise rate for the venue was 20%, answer the following four questions. Please number your answers. 1. How much money did they have to pay the venue? 2. How much money did they pay the promoter? 3. How much commissions did the personal manager make if they are a 15% manager? 4. How much commissions did the booking agent make?
1. 20,000 2. 0 3. 15,000 4. 10,000
The industry standard for the Booking Agent is
10%
In current industry standards, an artist manager's commissions are typically in what range for established and major artists:
10-15%
The industry standard commission rate for an Artist Manager is in what range?
10-20%
Royalty rates for new artists can range from what to what?
13%-16%
When contracting with a minor, the state of Tennessee requires what percentage of a minor artist's income to be put aside (withheld) in a trust?
15%
In current industry standards, an artist manager's commissions are typically in what range for new and established artists:
15-20%
How long is typical before a recording artist sees their first royalty check, if ever?
2-3 years
Royalty rates for more established artists can earn up to?
20%
When contracting with a minor, the state of California requires what percentage of a minor artist's income to be put aside (withheld) in a trust:
25%
When contracting with a minor, the state of California requires what percentage of a minor artist's income to be put aside (withheld) in a trust?
25%
In New York, the Protection of Minor Performers Act requires that Manager-Artist contracts not be more than
3 years
According to our class discussion from the book, a manager spends on average how many years developing a brand new artist to the point of generating "real" income from the various revenue streams?
3-5 years
Many entrepreneurs - including artist management people -- can take how many years to make a profit?
3-5 years
Jimi Hendrix's manager, Mike Jeffrey, charged Jimi what commission amount?
40%
The industry standard commission for a Business Manager is
5%
The industry standard commission rate for a Business Manager is which amount?
5%
Elvis Presley's manager, Tom Parker, was one of the first, and only known artist manager, to charge his client what amount in commissions?
50%
If an Artist is paid a 10% royalty for each album sold through iTunes, and the wholesale price is $7.00; then the artist earns how much in royalties each time an album is sold?
70 cents
An Alternative Artist Management contract, which we discussed in class, is best illustrated by which of the follow:
A contract based upon number of albums
Based upon Industry Standards, the Artist Manager gets a percentage of the artist's earnings from which of their revenue streams?
All of the Above (concert bookings, song publishings, and recordings)
At a large management firm, an Artist may have both a career manager and a day-to-day manager to handle their business. Which one of the following item(s) would be most likely handled by the day-to-day manager
All of the above (spending time in the studio with the artist, helping the tour manager handle situations with the promoter, and taking artists to appointments)
Other provisions that should be included in a standard Artist Management contract should include all of the following except:
Allows a member of the band to be managed by another management company if they decide to do a solo deal
Which one of the following is not one of ASCAP's top five qualities that increase someone's potential to become a hit songwriter?
Amount of commissions
This same clause (as the answer above) is also important for the Manager, in the event that what happens?
Artist Dies
This same clause (as the answer from the above question) is also important for the Manager, in the event that what happens?
Artist Dies
Who does the Tour Manager take direction from while on the road?
Artist Manager
Which market segmentation is best defined as dividing the markets by looking at why consumers engage with a product
Behavioristics
The tools of an Artist Management Entreprenuer is Education, Experience, Vision and ____________________
Business Plan
A __________________ handles the income and expenses of an artist, and makes sure bills and taxes get paid:
Business manager
Which Market Segmentation did the textbook and notes reference as being the easiest to identify?
Demographics
An Artist Manager's services to the Artist includes providing advice on all phases of the artist career in the entertainment industry except: Appropriate music and show design for live performances B. Imaging and branding of artist C. Helping select a record label D. Determining which songs will be released to radio
Determining which songs will be released to radio
The person responsible for reviewing the performance contract when there are changes to the legal language of the contract
Entertainment Attorney
A Manager's expenses to the Artist may include their office overhead to run the Management company
False
A Mechanical Royalty is the money earned each time a song is performed.
False
A Tour Manager is typically paid a 10% commission from the artist's touring income
False
A brand new artist getting started can negotiate the commission rate they pay their Manager to as low as 10 percent
False
A company's vision statement defines what that company is today
False
A conflict of interest is illegal if a Manager fails to reveal it to the artist in advance?
False
A manager having a Conflict of Interest in business with their artist is illegal.
False
A manager is entitled to take commissions on any tour support given to the artist from their record label
False
A manager is entitled to take commissions on any tour support given to the artist from their record label.
False
A manager is typically entitled to commissions of the NET income that an artist makes from touring
False
A record label isn't interested in how well an artist writes or their image on the stage. As long a they can create a great sound recording.
False
After developing a business plan, it is recommended that an entrepreneur manager should determine how much money they need to survive for one year without making a profit
False
All artists should sign with an Artist Manager, regardless of what level of act they want to be.
False
An Artist Manager can charge back to the Artist their business expenses and company overhead for running their company.
False
An Artist Manager is entitled to the full commissions of the NET income that an artist makes from touring.
False
An Artist pays their Personal Manager a commissionable rate from their NET earnings
False
An Artist's contract with a Record Label is on a non-exclusive basis.
False
An artist's advance is not considered part of the recoupable money to the record label.
False
Based upon what we discussed in class, and the context of the information outlined in the book, a successfully touring artist wanting to tour in Europe is an example of a long-term goal.
False
Being a manager is immensely time-consuming, but the financial rewards come quickly with record royalty payments typically within the first year of album release.
False
Booking Agents are typically paid an agreed upon salary amount from their artist.
False
Business Managers are only paid commissions on the recording and publishing royalties they help collect.
False
Ethics are laws an artist manager follows to meet the regulatory standards of being a manager.
False
For a brand new, unsigned artist, an example of a short-term goal might be to be nominated for a Grammy Award.
False
If an artist decides to create a music video, they must pay for the entire amount out of their advance.
False
In a standard artist-management contract, the option to renew at the end of a term is the artist's
False
Is it against the law for an attorney to work on behalf of both the artist and the artist's manager?
False
It is recommended that when an artist is asked by key gatekeepers what type of music they perform, the artist should be open to all types of genres to increase their chances of getting signed by a Manager and Record Label
False
Non-internet radio stations (terrestrial) must pay performance rights royalties in order to play songs on the air.
False
One of the CONTROLLING functions of management is leading the team to stay on track with the plan
False
One of the main objectives for the manager during a pitch meeting with the record label is to convince everyone in the room that their artist is the best new artist in that genre.
False
Tactics are the plans you have for each Goal
False
The Tennessee Protection of Minor Performers Act is a law that prohibits a minor artist to being bound to their contract agreement
False
The Tour Manager is paid a 15 percent commission by the artist
False
The Tour Manager's salary comes out of the Personal Manager's commission
False
The job responsibilities for a Tour Manager begins the first day of the tour
False
The main focus for the Record Label is the exploitation of the artist's song
False
Tour Managers are paid a 15% commission of the Artist's touring income.
False
Tour support is commissionable by the Artist Manager
False
Tour support is commissionable by the Booking Agent
False
When Andrew Loog Oldham first met the members of the Rolling Stones, they were writing pop songs.
False
With an Individual's Right to Publicity artists do not have the right to control the commercial exploitation of the singing voice.
False
Which one of the basic fee structures have no tie-in with the ticket sales?
Flat Gurantee
Which one of the following basic fee structures is designed to give the artist the option of receiving a guarantee or a percentage of the ticket sales
Guarantee vs percentage
Which one of the following organization's responsibility is best defined as "a company that licenses songs on behalf of many publishing companies in the US, and then collects the royalties for their use to be paid to the Publisher."
Harry Fox Agency
Former American Idol winner Phillip Phillips sued his management company, 19 Entertainment because he claims it (which is owned by 19 Entertainment) is in violation with the California Talent Agency Act (as outlined in Chapter 6). Knowing what you read about the CTAA, which one of the following items listed in his lawsuit would actually be a violation of this Act?
His management company procured personal appearances for him without being licensed as an agent
In pursuing a meeting to discuss a record contract for their artist, a manager should be aware of all of the following things about the record label except:
How many other artist managers the label works with
Chapter one talked about the four functions of Management. Which one is best defined by the follow: "taking the resources needed to reach goals and use them efficiently to achieve success?"
Leading
In chapter one, we talked about the four functions of Management. Which one is best defined by the following: "taking the resources needed to reach goals and use them efficiently to achieve success?"
Leading
The first recording of a song by a recording artist on an album is granted what is called a __________?
Mechanical License
What is the name of the royalties earned by the songwriter each time the song is sold as one of the songs included on a recording?
Mechanical Royalties
In term of the SWOT analysis for an Artist, which one of the following is typically seen as an external force/impact?
Opportunity and Threats
In chapter one, the book talked about the four functions of Management. Which one is best defined by the follow statement: "assembling the necessary resources to carry out a plan and to put those resources into a logical order?"
Organizing
In chapter one, we talked about the four functions of Management. Which one is best defined by the following statement: "assembling the necessary resources to carry out a plan and to put those resources into a logical order?"
Organizing
In the Business Framework for the Artist, which one of the following would likely be chosen by a band who pool their talents an professional resources to become "an artist?"
Partnership
Which one of the following organization's responsibility is best defined as "licenses the use of copyrighted musical compositions for public performance and then collect royalties for the use on behalf of publishers and songwriters."
Performance Rights Organization
The royalities generated when a song is performed on the radio, in a restaurant, at a retail shop or dance club is called what?
Performance Royalties
The person responsible for the general management of the artist is
Personal Manager
Which two industry people would be the most likely ones involved in negotiating a Tour sponsorship deal on behalf of the artist.
Personal Manager and Booking Agent
The success of a meeting between a manager and the record company many times depends entirely on the amount of _____________ the manager does.
Planning
In determining the State of the Industry, Managers should do their research, utilizing trade publications and services to gather the information they need. Which one of the following would a manager go to if they want to gather data on ticket sales for performances?
Pollstar
There are four major "powers" in play in the Music Business. Based upon the book and class notes, which one more accurately reflects the following description? "Radio programmers have power with their listeners by deciding which songs to play and the number of spins for that song."
Power of Access
There are four major "powers" in play in the Music Business. Based upon the book and class notes, which one more accurately reflects the following description? "The power of legendary status artists such as Aretha Franklin, the Rolling Stones, and Paul McCartney is found mostly in their what?"
Power of Artist's Body of Work
Which one of the key players in the live entertainment area take the most risk for a concert?
Promoter
Who is responsible for providing the artist's rider requirements on the day of the show?
Promoter
Who is responsible for securing the appropriate permits for a show happening outdoors?
Promoter
In the Business Framework for the Artist, which one of the following would likely be chosen by a solo artist who declares that they are in business for themselves?
Proprietorship
Which one of the following Alternative Forms of Business is best defined as "In this business form, individuals declare that they are in business for themselves and they are their own bosses.":
Proprietorship
List the four (4) Alternative Forms of Business for the Artist. In other words, what are the four different options an artist has to determine the formal business type they assume?
Proprietorship, Partnership, Corporation, and Limited Liability Company or Partnership (LLC)
Which market segmentation is best defined as dividing a market up by the lifestyle characteristics of music buyers
Psychographics
Former Sony Nashville CEO, Joe Galante noted in an interview (in the textbook) shortly after he left his company that at an industry function he was having a conversation with someone who he had previously done a lot of business with. He could see the person looking past him while they were talking. It was obvious that the person talking to him was looking around for who else was in the room. This type of Realities of the Music Business is best represented by which of the following:
Reality that the agendas of many people in the business determine whether you matter to them
When an Artist agrees to give their Manager a Power of Attorney, they are agreeing to allow management to do all of the following except:
Sell artist's contract to another management company
What is the primary reason Keith Urban and his team were unable to secure the internet domain name that they wanted?
Someone else already had the domain name Keith Urban wanted
Which one of the following organization's responsibility is best defined as "collects and distributes digital performance royalties on behalf of the owners of copyrights of the sound recordings used on satellite radio or the Internet."
SoundExchange
In determining the State of the Industry, Managers should do their research, utilizing trade publications and services to gather the information they need. Which one of the following would a manager go to if they want to know how recordings for a similar artist have been selling?
SoundScan
All artists' management contracts should, for the benefit of the Manager, have what type of clause, which is basically also known as a severance package for the Manager.
Sunset Clause
When a song is licensed for use in a TV show like Grey's Anatomy, the royalties earned from that is called?
Synchronization
In Chapter 6, under the section of Contracting with a Minor, the textbook references Taylor Swift's first management contract (along with the website of where an actual copy of that contract could be found). Describe, with specific detail, why/how Taylor was able to get out of that first management contract. I'm looking for key details based upon your reading and understanding of this chapter.
Taylor was under 18 years old She made commitment without approval of the court. Manager didn't apply the Tennessee law to his contract with her.
Who is responsible for making sure the PROs get paid after a live concert event?
The PROs
In the example in the book, why did Bette Midler win her law suit with the advertising company for their automobile commercial?
The advertising agency used a sound-alike artist in their commercial.
Unlike the concert promoter, record label, music publisher, or even radio programmers, the primary focus with an artist for an Artist Manager is different? Explain and describe in what specific ways we discussed
The main difference is that an artist manager worries about every aspect of the artist day to day life and long term career. All of those other positions do focus on the artist but they worry more about specific aspects of the artist life and not on a day to day basis.
List the other FOUR Powers that were outlined in Chapter 2. Give a specific example of each one.
The power of money- Money leads to being able to invest in the things you need or to expand your brand like Jay Z being able to purchase part of the Nets. The power of access- Access into areas that others don't have gives opportunities not allowed to everybody like when a job opens in a record label an the promote from within. The power of your Latest Success- Using a recent success helps people to know you can succeed and trust that you can do it twice like a local tour manager getting hired to a bigger tour. The power of your Body of Work- When in a slump using the entire body of work can help sort things out like with Justin Beiber, even though he cancelled his tour people will still support because of his body of work.
Understanding the Powers in the Music Industry is very Important. One of the powers listed in the textbook was that Power Carries a Responsibility to Give Back. What does this mean, and give a specific example of it.
This means that when you have power you must use it to help others in positions of less power or are less fortunate. A specific example would be in the hurricane news going on now, many entertainers are going out of their own pockets to help the less fortunate.
In New York, the Protection of Minor Performers Act requires that Manager-Artist contracts not be more than:
Three Years
As an entrepreneur manager, putting together a budget for your personal living expenses includes all of the following except:
Transportation to artists show
"Advancing" a show means taking care of all of the details needed before the day of the show.
True
A "draw" is considered an advance payment against future royalties and is recoupable under most circumstances.
True
A Manager's plan to represent another similar artist as the one they're creating the artist career plan for can be seen as a conflict of interest.
True
A Power of Attorney is a document that gives someone the legal authority to sign documents and make contractual commitments on behalf of someone else
True
A Power of Attorney is a document that gives someone the legal authority to sign documents and make contractual commitments on behalf of someone else.
True
A Publicist is the person who connects the artist to the media through pitching news stories and scheduling radio interviews.
True
A Road Manager and a Tour Manager are basically responsible for the same things
True
A Service Mark gives the sources of the services an artist provides.
True
A Tour Manager's number one priority is taking care of the Artist on the road
True
A good manager will evaluate an artist before making a decision to represent them. One of the questions discussed in the book that a Manager may ask an artist is: "How did you resolve the last conflict you had with someone?"
True
A good manager will evaluate an artist before making a decision to represent them. One of the questions discussed in the book that a Manager may ask an artist is: "How much money do you owe?"
True
A good reputation is the perception others have of another person based upon high ethical standard of having integrity and keeping promises.
True
A key component of branding is "image."
True
A key component of branding is an artist's Image.
True
A management contract often includes language that allows a manager to end the relationship and cancel the contract should a key band member quit the group.
True
A management contract should contain language that allows a manager to end the relationship and cancel the contract should a key band member quit the group
True
A manager is entitled to take commissions on any tour sponsorship that the talent agent brings to the artist
True
A manager who has a personal financial interest in a business that may compete with the professional interests of the artist has a conflict of interest.
True
A record label isn't interested in how great your artist is, if the artist's music isn't able to generate revenue.
True
A target market is made up of consumers and potential consumers with who the artist's music connects
True
A target market is made up of consumers and potential consumers with whom the artist's music connects creatively and commercially.
True
A touring artist must be prepared to pay any state income taxes for amounts earned from performances in each state that they worked
True
A trademark is a symbol that represents the brand and distinguishes it from other products.
True
A visionary is someone who develops a plan to make the vision a reality and then assemblies the resources necessary to succeed.
True
According to the California Talent Agency Act, a booking agent must be licensed to negotiate employment contracts in the state on behalf of an artist.
True
According to the book, a "subordinate goal" are those that when they are achieved, they help support a larger outcome.
True
According to the textbook, the final piece to the planning model is the use of tactics.
True
According to what we talked about in class, the record label's objective isn't just to share your music but to make money from that music.
True
An Artist Manager can charge back to the Artist their out-of-pocket expenses for costs associated with doing business on behalf of the artist.
True
An Artist Manager cannot commission the recording costs used to make the artist's album.
True
An Artist Manager cannot commission the tour support given to the artist.
True
An Artist Manager is allowed to take commissions on the Artist's Advance.
True
An Artist should evaluate a Manager before making a decision to sign with them. One of the questions discussed in the book that an Artist might ask a Manager is: "How strong is your network?"
True
An Artist should evaluate a Manager before making a decision to sign with them. One of the questions discussed in the book that an Artist might ask a Manager is: "What artists are you currently managing?"
True
An Artist who owns their own record label and markets their own recordings will see a faster return on their investment.
True
An Entrepreneur is someone who has a view for a new business and a new idea of how to make it successful
True
An Entrepreneur's Vision statement is an expression of where your business could be in some defined future
True
An Individual's Right to Publicity means People have the right to control the commercial exploitation of their name, image, or likeness.
True
An artist signed to an "all-in" contract means that the specific royalty rate being paid to the artist includes the royalty payment to the producer of the recording
True
An artist who has reached "Superstar" status or whose earnings exceed a particular gross amount will often renegotiate their management contract to lower the commission amount to as low as 10%
True
An artist who has reached "Superstar" status or whose earnings exceed a particularly high gross amount, will often renegotiate their management contract to lower the commission amount to as low as 10%
True
An example of a long-term goal for an up and coming artist could be to become a headliner.
True
An example of a subordinate goal might be when an artist wants to learn to play an instrument. That goal supports the goal of being able to play that instrument during he artist's stage performance.
True
An exit strategy is the plan a manager will use when the business relationship with the art it needs to come to an end because the business isn't there anymore.
True
An immediate benefit to an artist being signed to a recording contract is the means to quickly increase their public profile and build a larger fanbase
True
An signed artist releasing a new record is an example of a short-term goal.
True
An unsigned artist pursuing a record deal is one of the things we talked about as being an example of a short-term goal
True
Artist Advances are "loans" against future anticipated royalties.
True
Artist Career Plans should typically not be for more than a three-year time period.
True
Because of the time it takes to break a new artist, it is recommended that a new manager be prepared to finance his or her own management business for three to five years.
True
Confirming hotel rooms and travel arrangements is a part of "advancing" the show
True
During the Planning process, another word for "daily tasks," are tactics.
True
For an established artist, an example of a long-term goal may be to tour internationally.
True
If an Artist has a 360 deal with the record label, they will owe a percentage of their sponsorship dollars to the label.
True
If the record company pays for any aspect of live performances, including the artist's costumes, hairdressers, makeup assistants, etc. then the entire amount becomes recoupable.
True
If your Business Manager files taxes for the band you're a part of, you still have to file individual taxes for yourself
True
In Tennessee, a contract with a minor artist requires the contract to be approved by a judge for it to be valid; who will then regularly monitor the effects of the agreement on the career of the minor.
True
In a record label's 360 deal, it gives the record company a license to use the artwork created for the album for other products.
True
In a typical industry-standard contract, an Artist Manager can charge back to the Artist for their out-of-pocket expenses for costs associated with doing business on behalf of the artist.
True
In the Artist Development Alternative management contract, the manager is paid a retainer rather than by commissions
True
Industry trade publications are key to an artist manager and a record label doing research on the artist before agreeing to signing meetings. Pollstar magazine is an excellent source of information reporting concert ticket sales and attendance of a tour.
True
It is standard practice that an Artist Manager enters a non-exclusive relationship with the Artist.
True
It is standard practice that an Artist agrees to an exclusive contract arrangement with their artist manager
True
It is standard practice that an Artist agrees to an exclusive contract arrangement with their artist manager.
True
Knowing that a record label is mostly interested in signing new artists to a multiple rights 360 contract, a manager should outline everything the artist is already doing in other areas outside of just the recording aspect of their career to make their client more appealing to the label.
True
Led Zeppelin's manager, Peter Grant, is known for being one of the first to negotiate the Concert Promoter's backend split of money with the artist from a 50/50 split that favored the Promoter, to a 90/10 split, that favored the Artist.
True
Market segmentation is the process of dividing a large market into smaller segments of consumers.
True
Most Business Managers are also certified public accountants
True
One of the key questions the book mentioned that a Manager might ask a potential Artist before signing with them is "How did you resolve the last conflict you had with someone?"
True
One of the key questions the book mentioned that an Artist might ask a potential Manager before signing with them is "What expenses will you pay and what expenses will I be responsible for?"
True
Part of a manager's role is to help their artist create and maintain a personal financial budget
True
Part of the ORGANIZING function of a manager is allocating the amount of time necessary to follow the steps of the plan
True
Payola is when someone offers a radio station something of value to play a song without disclosing the payment on the air.
True
Per the contract, an Artist Manager isn't obligated to seek or obtain any employment or engagements for the artist.
True
Pollstar is a trade publication that includes a list of mangers in the music industry.
True
Primary role of the Record Label is the exploitation of an artist's sound recording.
True
Record labels often require the artist's manager to participate in the promotional work to be done on behalf of the artist.
True
Regarding Industry Standards, the Manager isn't obligated to seek employment for the artist
True
Regarding the royalty pay out, singles earn ¾ the rate of an album.
True
Royalties paid to artist from the sale of their single or album, are a percentage of the wholesale price of the recording.
True
Soundscan provides data regarding an artist's record sales
True
The Business Manager for an Artist is the person who monitors and receives the checks from the Performance Rights Organizations.
True
The CONTROLLING function of management is monitoring how effectively the plan is being carried and making any necessary adjustments to advance the plan.
True
The California Talent Agency Act states that only Talent Agents can secure employment for their artists in California
True
The Harry Fox Agency has the ability to periodically audit record companies to be sure they have paid their publishing clients royalties that are owed.
True
The Market Segmentation said to be the hardest of the four segment we talked about, is the Behaviorist Segmentation.
True
The Record label provides all financing necessary to create the sound recording for the Artist.
True
The Tennessee Protection of Minor Performers Act is a law that permits a minor artist to contract with an individual or company and be bound by the agreement, provided that a judge oversees the contract.
True
The Tour Manager has the power to fire the live sound engineer, and other road crew personnel if they are not doing their job.
True
The budget the manager prepares in order to support the artist's career plan should be for a three-year time period.
True
The expenses being charged to the Artist are payable back to the record label only if the recording earns adequate income (royalties) from the project to pay them.
True
The industry standard commission rate for a Business Manager is 5 percent
True
The main focus for the Music Publisher is the exploitation of the musical composition.
True
The manager of the Rolling Stones secured a record deal for them in less than a month from signing.
True
The purpose of a "settlement meeting" is for the tour manager and promoter to count tickets and review the promoter's expense sheet
True
The recording contract requires the Artist to pay for all of the costs of recording an album.
True
The responsibility of paying the record producer is the artist's and is done through the artist's royalty earnings
True
The staffing and artist roster listing of the record label of the record label should be something the artist manager should be concerned with before deciding whether or not to pursue a signing meeting with the label.
True
The standard Artist-Manager contract is a three year term, with an option to renew.
True
The standard artist-manager contract offers the manager the option to extend the contract beyond the three years, to an additional two to four years, provided they both agree to the extension in advance.
True
There are many gatekeepers that an Artist Manager must deal with to help grow their artists' career in the music industry. The Receptionist at a Record Label may be one of them
True
Tour support is money given to the artist from the record label for the purpose of helping offset the losses an artist incurs while touring.
True
Unless they have event insurance, a promoter generally has no recovery for their losses following a cancellation of the show
True
When Garth Brooks came to Nashville in the 1980s, he could not find a record company or management firm interested in signing him.
True
When a manager is requesting a meeting with the record label, brief is better than long.
True
When a personal manager is hired to work for a Management firm, they are agreeing for the artist's commissionable income to go directly to the firm, and not to them.
True
When a record label is looking to sign a new artist they will also consider the strength of that artist's manager in their decision.
True
When a songwriter signs with a Music Publisher, typically the songwriter agrees to write exclusively for the Publisher.
True
When an Artist and Manager starts the planning process for the future, they should start with the goal and then work backwards with steps on how to accomplish those goals.
True
When an Artist signs with a Manager, they are agreeing to only be represented by that one manager
True
When preparing for a record label meeting, the manager must remember that the meeting is all about the record company and their needs, not that of the artist.
True
When the Backstreet Boys' manager, Lou Perlman, made himself a 6th member of the group, it entitled him to a performer's percentage of the earnings from touring.
True
With an Artist Development management contract, the Artist retains 100% of their earnings
True
Perhaps not understanding the business side of the music industry, Elvis Presley's manager renegotiated his recording contract with Elvis and his record label to be:
a contract with a set payment amount
The person responsible for securing concert engagements
booking agent
A(n) _____________ is the artist's name and everything associated with it.
brand
The person responsible for making sure the artist's crew, expenses, and taxes get paid is
business manager
The person responsible for managing the administrative business functions for the artist is
business manager
A(n) __________ is the way people feel about the artist.
image
Regarding an Individual's Right to Publicity, artists have the right to control the commercial exploitation of which of the following items below:
name, likeness, and singing voice
Ethics has to do with all of the following things, except which one:
regulations outlined in the law
Payola has to do with which one of the following things?
regulations outlined in the law
As an Entrepreneur, the ( ) for your business will help you set its values and goals.
vision
Based upon the information in the textbook, when Keith Urban became an international country artist, his record company was unsuccessful in obtaining the domain name that they wanted for his webiste. Which one did they end up with?
www.keithurban.net
