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Music Business Essentials




Roles & Responsibilities:
Artist Supporters




                            © 2006 musicbizclasses.com
The Artist Ecosystem



            P.R.O
 BIZ MNGR

                       Record Label
            Artist
                       Self-Produce
                       Self Produce

                       Self-Record

                       Self-Distribute
                       Self Distribute

                       Self-License
                       Self Promote
                       Self-Promote


                                         © 2006 musicbizclasses.com
Roles & Responsibilities: The Artist

Job: Creating Musical Work
Roles:
  •Musicians
  •Songwriters/Composers/Lyricists
  •Producers
  •Studio musicians
  •Backup singers
   Backup

Creative skills needed:
•Composition and writing skills
•Playing/singing ability
•Performance skills
 P f            kill
•Listening and having a good “singing ear”
                                             © 2006 musicbizclasses.com
Roles & Responsibilities: The Artist
Business Skill Needed:
B i      Skills N d d
•Communication skills

•Networking and promotion

•Organizational skills

•Ability to understand contracts & agreements

•Ability to understand copyright laws

•Ability to manage collection agencies

•Ability to manage diverse members of team
                                         © 2006 musicbizclasses.com
Career & Business Management

Job: Managing the Marketplace
Role: Personal Manager
 (A Musician’s CEO)

Business Skills needed:
• Skills in strategic, long term planning
            strategic long-term
• Ability to guide artists in all aspects of
  creative development- sound, look,
                   p               ,    ,
  creative support team, touring strategy, etc.
• Ability to hire and coordinate agents,
  publicists, managers, and attorneys
• Ability to locate, close and manage deals
                                           © 2006 musicbizclasses.com
Career & Business Management

Job: Managing the Marketplace
Role: Personal Manager
                   g
(A Musician’s CEO)

Business Skill needed:
B i      Skills   d d
• Ability to advise on all aspects of marketing,
  publicity and branding
• Ability to mediate when conflicts arise
• Ability to negotiate diverse contracts
• Ability to build and leverage network to
  get opportunities for artists



                                                   © 2006 musicbizclasses.com
Good Personal Managers:
• Help with career decisions - Which record
  deal? Which publishing/Licensing deals?
  Which distribution partners?
• Help with market decisions – What is
  the best branding/marketing position
  for artist?
• Help with the creative process –
  Which producer? Which songs to perform/record?
  Helping recruit new band members etc.
• Promote Artist by “selling” to everyone –
  help
  h l co-ordinate publicity campaigns with
             di t     bli it        i     ith
  Independent Publicist and PR department
  at the record label


                                                © 2006 musicbizclasses.com
Good Personal Managers :
                  g
• Assemble and help manage professional team –
  introducing lawyers, b i
  i t d i l            business managers
  and agents, etc. - overseeing their work.

• N
  Negotiate tours by working with agents
       ti t t     b     ki    ith     t
  to make the best deals.

• Maximize the artist’s record company
                       ’
  relationship - making sure artist is
  treated as a priority by the record company.

• Act as a buffer between the artist
  and the outside world.


                                                 © 2006 musicbizclasses.com
Career & Business

Job: Legal and Business counsel
Role: Attorney
             y

Business Skills needed:
• Ability to connect musical artists
  with record labels, managers and agents
• Ability to draft multiple types of contracts
  and agreements
• Ability to advise on Intellectual Property
  issues
• Ability to advise on estate planning,
  bankruptcy, etc.
• Ability to recommend tax professionals
                                           © 2006 musicbizclasses.com
Career & Business Management

 Job: Procure Opportunities
 for the Musical Artist
 Role: Agent (talent or booking)

Business Skill needed:
B i         Skills    d d
• Ability to network and locate business
  opportunities in all entertainment categories,
    pp                                   g
  including: Music, Film, TV, Advertising,
  Sponsorships, Speaking engagements, etc.
• Ability to negotiate complex contracts
• Ability to brainstorm promotional
  and marketing ideas
•KKnowledge of marketplace and
         l d      f   k t l      d
  current venues for booking engagements & tours
                                            © 2006 musicbizclasses.com
Promotions and Marketing

Job: Building Awareness
& Getting Press
Role: Publicist

Business Skills needed:
•Ability to achieve press coverage
 Ability
in the mass media, including television,
radio, the press and the internet.
            p

•Ability to write, edit and disseminate
information of public i t
i f      ti    f bli interest t th media.
                               t to the di
                                           © 2006 musicbizclasses.com
Promotions and Marketing

Job: Building Awareness
 & Getting Press
Role: Publicist

Business Skills needed:
• Ability to liaise on behalf of their clients
  with editors, reporters, television
  p
  producers and radio announcers

• Ability to compile and manage
  lists f
  li t of media contacts in di
              di     t t i diverse i d t i
                                   industries
                                             © 2006 musicbizclasses.com
Promotions and Marketing

Job: Building Awareness
 & Getting Press
Role: Publicist

Business Skills needed:
• Organize the distribution of news
  and photographs by wire service, fax,
  email, post and the internet
          p
• Ability to negotiate with subcontractors for
  list maintenance, media monitoring,
  clipping collection, coverage reporting,
    li i      ll ti                  ti
  photography, video production, etc.
                                          © 2006 musicbizclasses.com
Career & Business Management

Job: Financial Management
Role: Business Manager
                     g
(The Musician’s CFO- Chief Financial Officer)

Business Skills needed:
B i         Skill     d d
• Ability to provide comprehensive
  Financial Planning advice –
  Investments, Insurance, Estate Planning
• Ability to offer counsel on tax issues
        y
• Ability to prepare and manage budgets
• Understanding of asset administration
• Ability to provide various financial reports-
  royalties, projections, P&L, etc.
                                           © 2006 musicbizclasses.com
Key Take-Aways:
• Each part of the creative and business
 process requires different creative,
 technical and business management skills

• Key supporting roles of the Musical Artist:

   • Personal Manager- the Artist’s
       Chief Executive Officer

   •   Booking or Talent Agent-
       • secures work (Live gigs)


                                           © 2006 musicbizclasses.com
Key Take-Aways:
Key supporting roles of the Musical Artist:
• Attorney-
         y
  •Legal and business advisor

• Publicist-
  •Raises public awareness about artist

• Business Manager- like a CFO
  •Often a CPA
   (Certified Public Accountant)


                                          © 2006 musicbizclasses.com
For Educational Use Only


This slide presentation is part of the
 Music Business Essentials series.


           Contact
 info@musicbizclasses.com
   f         b l
     for more information

                                         © 2006 musicbizclasses.com

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MUC109 LEC2. Managers, Agents, Publicists and Attorneys

  • 1. Music Business Essentials Roles & Responsibilities: Artist Supporters © 2006 musicbizclasses.com
  • 2. The Artist Ecosystem P.R.O BIZ MNGR Record Label Artist Self-Produce Self Produce Self-Record Self-Distribute Self Distribute Self-License Self Promote Self-Promote © 2006 musicbizclasses.com
  • 3. Roles & Responsibilities: The Artist Job: Creating Musical Work Roles: •Musicians •Songwriters/Composers/Lyricists •Producers •Studio musicians •Backup singers Backup Creative skills needed: •Composition and writing skills •Playing/singing ability •Performance skills P f kill •Listening and having a good “singing ear” © 2006 musicbizclasses.com
  • 4. Roles & Responsibilities: The Artist Business Skill Needed: B i Skills N d d •Communication skills •Networking and promotion •Organizational skills •Ability to understand contracts & agreements •Ability to understand copyright laws •Ability to manage collection agencies •Ability to manage diverse members of team © 2006 musicbizclasses.com
  • 5. Career & Business Management Job: Managing the Marketplace Role: Personal Manager (A Musician’s CEO) Business Skills needed: • Skills in strategic, long term planning strategic long-term • Ability to guide artists in all aspects of creative development- sound, look, p , , creative support team, touring strategy, etc. • Ability to hire and coordinate agents, publicists, managers, and attorneys • Ability to locate, close and manage deals © 2006 musicbizclasses.com
  • 6. Career & Business Management Job: Managing the Marketplace Role: Personal Manager g (A Musician’s CEO) Business Skill needed: B i Skills d d • Ability to advise on all aspects of marketing, publicity and branding • Ability to mediate when conflicts arise • Ability to negotiate diverse contracts • Ability to build and leverage network to get opportunities for artists © 2006 musicbizclasses.com
  • 7. Good Personal Managers: • Help with career decisions - Which record deal? Which publishing/Licensing deals? Which distribution partners? • Help with market decisions – What is the best branding/marketing position for artist? • Help with the creative process – Which producer? Which songs to perform/record? Helping recruit new band members etc. • Promote Artist by “selling” to everyone – help h l co-ordinate publicity campaigns with di t bli it i ith Independent Publicist and PR department at the record label © 2006 musicbizclasses.com
  • 8. Good Personal Managers : g • Assemble and help manage professional team – introducing lawyers, b i i t d i l business managers and agents, etc. - overseeing their work. • N Negotiate tours by working with agents ti t t b ki ith t to make the best deals. • Maximize the artist’s record company ’ relationship - making sure artist is treated as a priority by the record company. • Act as a buffer between the artist and the outside world. © 2006 musicbizclasses.com
  • 9. Career & Business Job: Legal and Business counsel Role: Attorney y Business Skills needed: • Ability to connect musical artists with record labels, managers and agents • Ability to draft multiple types of contracts and agreements • Ability to advise on Intellectual Property issues • Ability to advise on estate planning, bankruptcy, etc. • Ability to recommend tax professionals © 2006 musicbizclasses.com
  • 10. Career & Business Management Job: Procure Opportunities for the Musical Artist Role: Agent (talent or booking) Business Skill needed: B i Skills d d • Ability to network and locate business opportunities in all entertainment categories, pp g including: Music, Film, TV, Advertising, Sponsorships, Speaking engagements, etc. • Ability to negotiate complex contracts • Ability to brainstorm promotional and marketing ideas •KKnowledge of marketplace and l d f k t l d current venues for booking engagements & tours © 2006 musicbizclasses.com
  • 11. Promotions and Marketing Job: Building Awareness & Getting Press Role: Publicist Business Skills needed: •Ability to achieve press coverage Ability in the mass media, including television, radio, the press and the internet. p •Ability to write, edit and disseminate information of public i t i f ti f bli interest t th media. t to the di © 2006 musicbizclasses.com
  • 12. Promotions and Marketing Job: Building Awareness & Getting Press Role: Publicist Business Skills needed: • Ability to liaise on behalf of their clients with editors, reporters, television p producers and radio announcers • Ability to compile and manage lists f li t of media contacts in di di t t i diverse i d t i industries © 2006 musicbizclasses.com
  • 13. Promotions and Marketing Job: Building Awareness & Getting Press Role: Publicist Business Skills needed: • Organize the distribution of news and photographs by wire service, fax, email, post and the internet p • Ability to negotiate with subcontractors for list maintenance, media monitoring, clipping collection, coverage reporting, li i ll ti ti photography, video production, etc. © 2006 musicbizclasses.com
  • 14. Career & Business Management Job: Financial Management Role: Business Manager g (The Musician’s CFO- Chief Financial Officer) Business Skills needed: B i Skill d d • Ability to provide comprehensive Financial Planning advice – Investments, Insurance, Estate Planning • Ability to offer counsel on tax issues y • Ability to prepare and manage budgets • Understanding of asset administration • Ability to provide various financial reports- royalties, projections, P&L, etc. © 2006 musicbizclasses.com
  • 15. Key Take-Aways: • Each part of the creative and business process requires different creative, technical and business management skills • Key supporting roles of the Musical Artist: • Personal Manager- the Artist’s Chief Executive Officer • Booking or Talent Agent- • secures work (Live gigs) © 2006 musicbizclasses.com
  • 16. Key Take-Aways: Key supporting roles of the Musical Artist: • Attorney- y •Legal and business advisor • Publicist- •Raises public awareness about artist • Business Manager- like a CFO •Often a CPA (Certified Public Accountant) © 2006 musicbizclasses.com
  • 17. For Educational Use Only This slide presentation is part of the Music Business Essentials series. Contact info@musicbizclasses.com f b l for more information © 2006 musicbizclasses.com