Your Music Biz 101 Wrap Up: Week of August 7

(Elvis Presley made an appearance at a Binghamton Rumble Ponies game last week.  Guess he’s not dead after all.  The kiddies on either side belong to your Professor David Kirk Philp.)

What Is Up?!?

Our next Music Biz 101 & More radio show is a brand new show, pre-recorded at Music Biz in Nashville last month.  We interview Charity Lomax, who has been a tour manager with The Eagles, Van Halen, Christina Aguilera, and many more.  Do you really know what a tour manager does?  Do you really know about the full team involved in a big, superstar tour?  Listen to this on Wednesday at 8pm and expand your mental horizons.

In the meantime, listen all of our other on-demand podcasts HERE – and we’re always open to answer your tweets, so ask away.

Now scroll down for those articles that make the most sense of your sensibilities.

Adios!
Your Professor David Kirk Philp

 

Streaming music and making playlists

New Analysis of Streaming Payouts From The Top Services

Before clicking, take a guess at which streaming service pays out the most, on a per-stream basis.  Wait.  Before you even do that, try to name at least 5 (Five) [V] {12-7} streaming services.  We’ll spot you Spotify (Get the joke?  Of course you did.  You’re full of brilliance.).  Now come up with 4 more.

The big deal here is the disparity between the service the pays the most and the one that pays out the least.  Two key takeaways:

1.  This is only sound recording portion of the royalty and doesn’t include publishing (which is about 10x smaller).

2.  If you’re an indie artist, you’re seeing the entire amounts quoted. If you’re signed to a label, you’re probably only seeing about 25%, depending upon your deal.

Big thanks to Doc Esteban Marcone for passing along this link.  Now click!

 Your Knowledge Presented By:

The book is out!  Did you buy it?!?

Order & memorize this masterpiece HERE.  Just like happy customer Harvey Leeds, who’s also the manager of Southside Johnny.  Did you notice he bought 5 copies?

What is the single most important aspect of the music industry an artist manager needs to understand?

This Week’s Response: Jim Lewi – Red Light Management

The answer to your question from my perspective is understanding that everything is now the manager’s job. Label, publishing, booking (finding and overseeing an agency), marketing, publicity, strategy, merchandising, fan club, personal issues with the artists, money, imaging, branding, touring, you name it. All on the manager’s to do list.”

Podcast of the Week: Melissa DeGeorge – Manager of Royalty & Licensing Administration, Kobalt Music

We interviewed Melissa back in May and just got the podcast up this week.  If you don’t know anything, or much, about Kobalt Music, then you NEED to listen to this.  Help yourself out and spend 55 minutes with Marcone, Philp, student co-host (who has since graduated!) Joelle Filippi, and Melissa.

You’ll be glad you did!  

What Do Record Labels Look For When Hiring Interns? 
After emails, podcasts, and hallway discussions, we’ve put together this complete guide to what record labels (and probably, most entertainment companies) are looking for when hiring interns.  We specifically focus on the Warner Music Group and include links to two internship opportunities they’re offering in the fall.

This is a long-read, but if you’re someone who wants an internship, or even a full-time job in the biz, read this over and see how you can make your resume and LinkedIn profile full of exactly what will make you stand out.

The Sacrifices Of Running A Music Festival
You may or may not have heard of the indie artist Murs and the LA-based music festival he used to help run called Paid Dues. This is a good interview with the artist who talks about what he gave up, as an artist, in order to run the festival (which is coming back after a 4-year absence).

Click to read about how hard festivals are to run, how the indie scene works in LA, and more.

The 30-Year Old Story of Def Leppard’s Hysteria
If you are an artist, you must read this.  Producer?  Read this.  Label person?  Read this.  It’s all about the making of one of the biggest selling albums of all time.  It took years and millions of dollars.  Meanwhile, the band had to overcome tragedy, producer changes, and self-doubt to make it work.

Even if you’re not a fan of Def Leppard, give this a try.

‘See You Again’ Backup Singer Auctions Off Royalties
Have we written about this before?  Yes.  A former member of 3 Doors Down auctioned off his share of the band’s publishing a couple of years ago in order to pay for legal expenses.  In this article, you’ll see how an unnamed backup singer from “See You Again” is auctioning off his/her performance royalties

Now, let’s go a bit deeper, because if you read the article about and THIS ARTICLE, you’ll begin to understand how publishing and performance royalties (from either the PROs or SoundExchange, depending upon the type of performance royalty) works in the real world.  Once you understand this, you’ll have a better shot at earning some revenue.

But what if you’ve only been involved with one song?  Read THIS.  It’s about the original manager of Cage The Elephant, who helped write the band’s song “In One Ear.”  Joey Stratton, that original manager, is no longer associated with the band and needed funding for another project.  So he auctioned off his songwriting share of the song and made just short of $17,000.

Auctioning off the rights to songs, or a catalog, can make some money for the person auctioning off the pieces.  How does the person buying know if they’re making a good investment?  One way is to look at the past performance of a song.  How much revenue has it generated over the past two, three, five, ten years?  Like stocks, past performance doesn’t guarantee future results, but it can help give an indication as to whether or not it’s worth putting your money there.

As per “See You Again,” the bidding began at $30,000.  As of the writing of this, it was up to $34,000.

Starting Price: $30,000
Bidding Increment: $1,000
End Date: Aug 07, 2017, 3:00 PM MDT
Investment Term: Life of author + 70 years
Last 12 Months’ Royalties: $11,372
Royalty Type: Sound Recording Performance
First Payment: April 2018
Buyer Fees: $99/year Royalty Exchange Admin Fee

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

Our 2017 schedule looks like this:

August 9 – Charity Lomax – Tour Manager for the Eagles, Christina Aguilera

August 16 – Peter Jenner – Former Manager for Pink Floyd and The Clash

August 23 – James Stewart – Director of Marketing at em.CO (Tim McGraw’s management company)

August 30 – Caylnn Green – Warner Chappell Songwriter

September 6 – Brian Schechter – Former Manager My Chemical Romance/Current Manager Palisades

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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