Posts Tagged ‘Money’

Guest Post: Music Business on a Minimum Wage Budget by @Essince

Posted: March 11, 2012 by essince in Music101
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Anyone who read my last article on Effective Social Media Marketing knows that I like to use the music business as a way to explain ideas but the principles can be applied to any area of business or life for that matter.

One of the most difficult things about the music business, or any business, is finding funding; especially for students or people living on a minimum wage/paycheck to paycheck budget.

If anyone understands how to operate on that type of budget it’s me. When I was fresh out of college working part time at my old job [retail associate at the Baby Depot in Burlington Coat Factory in southside St. Louis for $7.30 an hour] I learned a valuable lesson in money management.

This is one of those ‘so simple I overlook it’ common sense kinda things but set aside money from your paychecks. Seriously…something as little as 10% adds up and can go a long way if used right.

Even if you’re only working part time making $150/week, 10% being only $15 which [hopefully] you can spare; that adds up $780 per year or $65 per month. And remember to PAY YOURSELF FIRST!

Is $65 dollars a month a lot of money? No.

Will that take you very far? That depends…

  • Do you have business cards? (You can get 250 for $10)
  • Have you printed any flyers? (500 are only $35)
  • You can hire someone to design a CD cover for you.
  • You can buy blank CDs, cases, and CD label paper for less than $65.
  • You can just about file 2 copyright forms (your work IS protected, right?)
  • Do you own the domain name for your website? Essince.com is less than $10/year.

The music business takes money…I don’t mean $50 here and $100 there…I mean it takes thousands and thousands of dollars at least to really make an impact but you need to start somewhere.

There are so many money saving techniques (packing your lunch/quitting a habit and putting the money you’d normally spend aside, etc) so please look up other techniques [online or at the library, both of which are free].

But the next time I meet someone who doesn’t have business cards printed, or at least a professional looking CD I’m going to ask him, “How much is your career worth to you? Can’t you spare 10%?

*To read my article on Effective Social Media Marketing click here.

————–

I  am an MC/blogger and founder of Royal Heir Entertainment which specializes in online marketing and music consulting.

Get @ me if you LIKE what you’ve read.

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News-Top Grossing Fine Art Artists

Posted: January 24, 2012 by jdobypr in Cartoon, News, Satire
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News-Top Grossing Fine Art Artists.

So far in 2011 China represents between 35 and 40 per cent a growth of between 5% and 7%. Most of the sales  were made in the first half of the year, but historically the first half is always strongest, with the London sales in February followed by sessions in May and June in both London and New York. Sotheby’s and Christie’s led the way for this unprecedented art boom. While Phillips de Pury had a record breaking year with sales in the hundreds of millions. (read more…)

Retrieved from: http://pluginin.org/2012/01/24/news-top-grossing-fine-art-artists/ (January 24, 2012)

 

Industry Tips & Advice: How Music Licensing Works by Marshall Brain Pt 4 « GET IT DONE BLOG

Posted: January 10, 2012 by jdobypr in #DJ, Hip Hop, Internet Radio, Music101, News, Radio
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Get It Done Blog

Industry Tips & Advice: How Music Licensing Works by Marshall Brain Pt 4 « GET IT DONE BLOG.

ASCAP and BMI

If you own a radio station or a restaurant and you want to broadcast or play music, what you need are public performance rights– the right to play music that the general public will hear in one way or another. Obviously, if you own a radio station playing 300 or 400 songs every day, you would go insane if you had to obtain public performance writes from every label and publisher. Therefore, public performance rights licensing is now handled by two very large companies named ASCAP(American Society of Composers, Authors and Publishers) and BMI (Broadcast Music Incorporated) that simplify the process. Each one handles a catalog of about 4,000,000 songs.

A radio station will typically purchase from ASCAP and BMI what are called blanket licenses to broadcast music. A blanket license lets the station play anything it likes throughout the year. ASCAP and BMI decide how to divide up the money among all the rights owners. (read more…)

Retrieved from: http://getitdoneblog.net/2012/01/10/industry-tips-advice-how-music-licensing-works-by-marshall-brain-pt-4/ (11 Jan 2012)

Industry Tips & Advice: How Music Licensing Works by Marshall Brain Pt 2

Posted: January 8, 2012 by jdobypr in #DJ, DJs, Hip Hop, mixtape, Music, Music101, News, Radio
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Music Licensing

Industry Tips & Advice: How Music Licensing Works by Marshall Brain Pt 2.

Music licensing in the United States is made possible by the protection that U.S. copyright law provides for artists. According to this article from the U.S. copyright office:

The copyright code of the United States (title 17 of the U.S. Code) provides for copyright protection in sound recordings. Sound recordings are defined in the law as “works that result from the fixation of a series of musical, spoken, or other sounds, but not including the sounds accompanying a motion picture or other audiovisual work.” Common examples include recordings of music, drama, or lectures. Copyright in a sound recording protects the particular series of sounds “fixed” (embodied in a recording) against unauthorized reproduction and revision, unauthorized distribution of phonorecords containing those sounds, and certain unauthorized performances by means of a digital audio transmission. The Digital Performance Right in Sound Recordings Act of 1995, P.L. 104-39, effective February 1, 1996, created a new limited performance right for certain digital transmissions of sound recordings.

So a sound recording is just that — a recording of sounds.

There are several things that can be copyrighted in any sound recording for a song.

  • There are the actual sounds themselves — the performance of the work.
  • There are the notes that the musicians play to create the song — they could be embodied in sheet music.
  • There are the lyrics for the song — they can be written down on a sheet of paper. (read more…)

Retrieved from: http://getitdoneblog.net/2012/01/08/industry-tips-advice-how-music-licensing-works-by-marshall-brain-pt-2/ (Jan 8, 2012)

Loren Weisman’s Music Business, Music Industry, Music Production, Music Education, Music Consulting and Music Career Blog

Posted: January 1, 2012 by jdobypr in Music101
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Promoters – A 2012 promotional video on the necessity of marketing today.

via Loren Weisman’s Music Business, Music Industry, Music Production, Music Education, Music Consulting and Music Career Blog.

 

Article: WARNING: Every Musician’s Digital Performance Royalties Are At Risk

Posted: December 21, 2011 by jdobypr in #DJ, Hip Hop, mixtape, Music, Music101, News
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Article: WARNING: Every Musician’s Digital Performance Royalties Are At Risk.

HUGE NEWS TO PAY ATTENTION TO IF YOU ARE AN INDIE ARTIST

SoundExchange And CD Baby Find $1 Million In Back Royalties Owed

Posted: October 26, 2011 by jdobypr in Music101, News
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A CD Video Disc (playing side) produced in 1987.

Image via Wikipedia

SOUNDEXCHANGE, the non-profit performance rights organization authorized to collect royalties for the digital performance of sound recordings, and CD BABY, the online music store and digital distributor, recently announced a reprise of their initiative to notify hundreds of recording artists owed back royalties. The match, which the organizations hope to make an annual event, identified 14,380 CD BABY-affiliated artists and labels are collectively owed more than $1 million.

Federal copyright law allows music services that digitally stream sound recordings under the government’s blanket license, provided they pay royalties and provide playlists to SOUNDEXCHANGE. Unfortunately, many recording artists and record labels do not know about the law that entitles them to royalties, and as a result to do not register to collect the payments from SOUNDEXCHANGE.

To encourage artists and labels to claim these royalties, the groups matched SOUNDEXCHANGE’s list of yet-unregistered artists and labels to CD BABY’s database of members. The exercise identified 12,806 recording artists and 1,574 labels with unclaimed funds at SOUNDEXCHANGE. This week, CD BABY began sending e-mails to all matched artists and labels, explaining the royalties and encouraging those artists and labels to register with SOUNDEXCHANGE to get paid.

“SOUNDEXCHANGE and CD BABY share a commitment to the long tail of independent artists and labels, and to supporting that community in making a living,” said SOUNDEXCHANGE Pres. MICHAEL HUPPE. “We know that back royalties can sound too good to be true, and it makes a difference to skeptical artists and labels to hear about these funds from an organization as trusted as CD BABY.”

“The reason that CD BABY exists is to make it easy for independent artists to get paid for their hard work,” said CD BABY Pres. BRIAN FELSEN. “That’s why we’re excited to help our artists claim their royalties through SOUNDEXCHANGE. Nothing makes us happier than to see new revenue streams flowing to independent musicians.”

SoundExchange Distributes Nearly $88 Million In Q3
In addition, SOUNDEXCHANGE announced TODAY (10/25) that it has distributed nearly $88 million to more than 18,300 payees designated by recording artists and labels during the third quarter of 2011.

“We’ve processed an unprecedented amount of digital performance data this quarter, which is proof positive that consumers are listening, purchasing and enjoying music in more ways than ever,” said SOUNDEXCHANGE Pres. MICHAEL HUPPE. “These payments are the result of billions of digital performances by thousands of music services every month. It is our responsibility to ensure that this upsurge of digital performances can be converted into a reliable revenue stream for those who created the music.”

Retrieved From: http://www.allaccess.com/net-news/archive/story/98083/soundexchange-and-cd-baby-find-1-million-in-back-r?ref=search

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