Your Music Biz 101 Wrap Up: Week Of April 3rd

(Darryl “DMC” McDaniels and Rob Fusari sing the Aerosmith/Run DMC version of “Walk This Way” at last week’s “I Want My ’80s: The Best of MTV’s Early Years” show.  Were you there?)


Hi There. 

Our next live Music Biz 101 & More radio show this week features an interview with Tom Mullen, who until Friday was the Sr. Director of Creative & Marketing Partnerships at Sony’s Legacy Recordings.  What’s he doing now?  He’ll reveal his landing spot Wednesday at 8pm.

In the meantime, tune in to our podcasts HERE – and we’re always open to answer your tweets, so ask away.

Meanwhile, Spotify may change the content available on its free tier, if the labels have their way.  HERE is a very revealing interview with Chris Lombardi, one of the founders of indie label Matador Records.  And for those of you who like to sleep, here’s why you should wake up every day at 5AM.

Oh, and there’s this:

From left to right, you have Chrissie Limos, Ariana Gates, Kristina Rigamonti, and Sara Schulmann singing backups at last week’s big show.  To see more great pics, click on the pic!

Now scroll down and click on the topics you hold dear to your heart (and then click on the other ones too).

Adios!
Your Professor David Kirk Philp

Sammy Hagar’s Net Worth: 5 Facts To Know
When I was a freshman in college, Sammy Hagar and Van Halen had just put out their first album together.  I hated it, mainly because Sammy wasn’t David Lee Roth.

Sammy still isn’t David Lee Roth.  Because Sammy is a smart, and possibly shrewd, business person.  Click to read how the revenue comes in for him.  From restaurants to real estate to books, oh, and music, Sammy is diversified and maximizing every opportunity that lands in his lap (insert groupie joke here).

Click and read this article.  It’ll take you less than 4 minutes.  And that will be a very good 4 minutes you spend.

How To Put On A Successful Music Fundraiser
Here at the William Paterson University Music Biz department, we just completed an 11-month project, two March fundraisers that, combined, brought in $14,770 for music scholarships.

How did we do this?  What revenue streams did we use?  Which ones worked and which ones didn’t?  Click and read.  Everything is here for you to duplicate if you ever want to put on a successful music-based fundraiser.

 

Video Interview: PledgeMusic CEO Dominick Pandiscia
Dominick paid a visit to William Paterson University last week and gave a great talk about PledgeMusic, merch, and making money in the music industry.  To watch his full interview, just click on the pic.

Verve Records President & CEO (and Tony Bennett’s Manager) Danny Bennett Visits WPU Tuesday Night!
Danny Bennett, manager of his father, Tony, and the President & CEO of the Verve Records Group, will visit William Paterson University on Tuesday night at 8:00.  He’ll be interviewed by SiriusXM’s Steve Leeds.  It’s free and open to the public.  Click on the link and go!

Ed Sheeran’s ‘Divide’ Has Already Earned Over $5 Million On Spotify 
How much revenue can be driven by a big artist and a big album?  This article breaks down, track by track (as of March 15), how much Ed Sheeran’s latest release has earned on Spotify.

Note that all this money doesn’t go to him.  Remember, he has a label (Atlantic Records) that takes a cut. Click.

Artist Managers Are Missing Out On Millions By Over-Relying On Big Banks
We are so America-centric that we don’t think about going overseas.  Besides the obvious thought of flying over a big ocean and playing to foreign tongues (or are our tongues the foreign ones in that case?), there’s turning a dollar into something else.  When we make that exchange, there’s a charge.

And, apparently, it’s a pretty hefty charge.  Click and learn something about this.  If you’re fortunate, you might save a few million someday.

Managing Your Band 6th Edition Book Cover (front)

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COMING MAY 23rd!

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U.S. Music Industry Sees Double-Digit Growth For First Time In Almost 20 Years
For recorded music, 2016 was a pretty good year (relative to the last 15 or so).  Total recording industry revenues were $7.65 billion (compared to $13.7 billion in 1998).  This growth is led by streaming.

Click to see how this is happening.  There’s some interesting stuff here.

Valuation of Social Media: What’s A Like/Follower/Retweet Worth?
Think about this:  A band owns gear.  And maybe a van.  There’s potential for a sound system and lights.  But what about that email list?  And the hashtags that you’ve developed?  Those things have value too.  And that’s important when you kick somebody out of the band or the group breaks up.  Who owns that stuff?

Click and read through this article.  You probably haven’t thought about the monetary value of a Facebook Like, but maybe now you will.

Music Biz 2017 Nashvillle

Ludacris, DistroKid, and the Future of Music Marketing
You have GOT to read this.  Mobile marketing = text messaging.  See how DistroKid collects mobile numbers of artist fans, and how Ludacris is using this to promote his new single, “Vitamin D.”

How To Get Your Music On Pandora – And Then How To Make $$
Here’s some great stuff.  If you write and record original music (or covers too, in this case), you should make it a point to try to get it on Pandora.  But how?  Click on the pic or headline.  Then, to see how you can make money, click HERE.

See why it’s important to read this email every week?

Brave New Radio

Podcast of the Week: Epic Rights Founder Dell Furano

Music Biz 101 & More Podcasts: Stream Us 24/7

Our 2017 schedule looks like this:

  • April 5 – Tom Mullen: Sr. Director of Creative Partnerships, Sony/Legacy Recordings
  • April 12 – Mark Weiss: Rock ‘n’ Roll Photographer
  • April 19 – Jim Donio: President Music Biz Assn
  • April 26 – Todd Horn: VP Internations, ADA
  • May 3 – Melissa DeGeorge: Kobalt Music Mgr. Licensing & Royalty Admin.

Mark those dates on your calendar; 8 PM on Wednesdays.  What do you want to know?  Who do you want to hear from?  Let us know!  The best part?  It’s FREE music biz talk.

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For full details about the Music Management Program, including courses, the minor, and our MBA, click HERE.

For full details about the WPU Pop Music Studies Program, including courses and audition requirements, click HERE.

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Professor David Philp is Assistant Professor Music Management & Popular Music Studies at William Paterson University. He is the co-host of the only FREE advice college radio-based music & entertainment industry talk show in America, Music Biz 101 & More, which airs live most Wednesday nights and is available as a podcast HERE every night (days too).  Your favorite professor is also co-author (with Dr. Steve Marcone) of Managing Your Band – 6th Edition.  Reach him at PhilpD@wpunj.edu or find him on LinkedIn HERE.

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