MUSIC BUSINESS FINAL
Esssay: What do you think is the definition of success for an artist today?
A large fan following because: - attend concerts - No money from streams these days, fans will buy CDs etc - Market for you, buy merch, and vote you for awards
Rider
A list of things you want as a performer backstage/an amendment or attachment to a contract
Independent contractor
A self-employed salesperson paid on jobs completed rather than hours worked and responsible for setting their own hours and paying their own taxes.
American Federation of Musicians AFM
A union, there are advantages such as: legal advice, fair wages and contract review, networking (you can advertise your group/event), Deals on group insurance (health insurance/instrument insurance), Approximately 80,000 members in the US+Canada, confirms your status as a professional, Lobby/support political candidates that support musician rights, lobby for neighboring rights, AFM is pushing for the Fair Pay Fair Play Act - Some states only allow Unionized musicians to play, but not VA because it is a right to work state - Disadvantages: Dues ($150/year in VA), local union is in Norfolk (Professor Lindberg is president of the union here)
LLC Limited Liability Corporation
Business structure, if you get in trouble financially your personal assets are protected, some purchases for your business can be tax exempt
Hook
Catchy part of a song
Music supervisor
Clears rights for music in a media project
Hummer
Derogatory term for a composer who cannot write music
EPK
Electronic Press Kit, a press kit that can be sent digitally
Exclusive vs. non-exclusive contract
Exclusive- You can only do business with a certain company Non-exclusive- You can do business with other companies
Cartage
Fee charged for transporting goods/equipment. If you play harp you can charge a commissioner for travel.
Comp ticket
Free ticket you can give to someone
Papering the house
Give out free tickets to fill up a venue
Tip sheet
List of companies seeking a certain type of music
Collective work
More than one contributor
Underscore
Music in the background of a scene
Source music
Music that comes from a physical source in a film/TV show. EX: A radio playing music on TV
Sideman
Musician who plays with a group on a one time basis
501c3 organization
Nonprofit, exempt from federal tax
Cue
Notation to play music
Promoter
Organizes/manages show
Neighboring rights
Paying rights for a recording (not in the USA), SOUND RECORDINGS CANNOT GET ROYALTIES IN THE USA
Technical Rider
Same as a rider, but for technical things
Work-for-hire
Similar to independent contractor, give up your rights to a project (1 payment, no royalties)
Orchestrator
Takes notes from a composition and assigns it to different groups of instruments
Essay: The most useful resource was
The most useful resource was the Berklee resume guide. The Berklee resume guide helped me include different aspects of my existing resume to tailor to music business. Useful for my job search.
Force Majeur
Unforseeable circumstance that prevents you from performing. You should put that in a contract.
Advance
Upfront amount of money for a show, paid in advance assuming project is successful. If not successful, you have to pay it back.
Music Library
created by writers for the sole purpose of being used as background music in films, tv programs and similar projects, not to be released to the public
Platinum Record
1,000,000 records sold
Gold
500,000 records sold
Sole Propietorship
A business run by one person, personal assets are not protected