How to build a team for Music Artists | Ultimate Team Building Strategy

Music Money Makeover Show
13 Oct 202123:00

Summary

TLDRIn this episode of the Music Money Makeover Show, Casey Graham discusses building the ultimate team for a music artist. As artists surpass the million-dollar mark, they need to expand their team, which includes a holding company, general management, legal, creative, rights management, recording, and merchandise teams. Graham explains the roles and importance of each team member, emphasizing the complexity and necessity of a well-rounded team for artists aiming for success in the music industry.

Takeaways

  • 😀 Building a successful music career involves assembling a comprehensive team as you grow past the million-dollar mark.
  • 💼 The team includes a holding company with five companies, each serving different aspects of the artist's business.
  • 📚 Copyright in music involves two main rights: masters (sound recording copyright) and publishing (composition copyright).
  • 🏛️ Artists need a legal team consisting of entertainment, corporate, and tax attorneys, as well as a paralegal for drafting agreements.
  • 💰 A financial manager is crucial for handling transactions, building budgets, and ensuring financial operations are efficient.
  • 🎨 The creative team is responsible for content creation, including social media management, videography, editing, and design.
  • 🎵 The rights management team oversees the artist's intellectual property, including publishing administration, distribution, and sync licensing.
  • 🎚️ The recording team focuses on music production, involving recording engineers, mixing engineers, mastering engineers, producers, and songwriters.
  • 👕 The merchandise team manages the creation and quality of merchandise, working with suppliers and designers to enhance the artist's brand.
  • 🎤 For live performances, a band and crew are essential, including a road manager, music director, and live performers to ensure a high-quality show.

Q & A

  • What is the main topic discussed in the 'Music Money Makeover Show' episode?

    -The main topic discussed is building the ultimate team for an artist, which is crucial as artists surpass the million-dollar marker in their music careers.

  • What are the two main rights the music industry operates around?

    -The two main rights are the masters and publishing. The masters refer to the sound recording copyright, while publishing pertains to the composition or song copyright.

  • How can an artist collect royalties from their master recordings?

    -Artists can collect royalties from their master recordings through distributors like Tunecore or DistroKid, or via a major label if they have a deal with one.

  • What is the role of a neighboring rights organization in collecting royalties?

    -A neighboring rights organization, like SoundExchange in the U.S. or PPL in the UK, collects performance royalties for sound recordings on behalf of artists outside of America.

  • What are the six rights of copyright as per the United States code under title 17?

    -The six rights of copyright include the right to reproduce, prepare derivative works, distribute copies, publicly perform, publicly display, and digitally perform the copyrighted work.

  • Why is having a financial manager important for an artist?

    -A financial manager is crucial for handling all transactions, including payments to team members, building budgets for tours, and ensuring that financial operations are legally compliant.

  • What is the significance of a creative team in an artist's career?

    -A creative team, including a social media manager, videographer, editor, and designer, is essential for managing and expanding the artist's brand through various media and content creation.

  • Why is a rights management team necessary for an artist?

    -A rights management team, which includes a publishing administrator, distributor, and sync agent, is necessary to manage and protect the artist's intellectual property and ensure they receive royalties from their music.

  • What is the role of a merchandise team in an artist's operation?

    -A merchandise team, led by a retail merchandise manager, is responsible for sourcing high-quality materials, working with designers, and ensuring that the artist's merchandise is appealing and profitable.

  • How does the size of an artist's team change as they grow in their career?

    -As an artist's career grows, especially after surpassing a million dollars in revenue, their team expands significantly. This includes hiring more in-house staff and subcontracted workers to manage various aspects of their business.

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Etiquetas Relacionadas
Music BusinessTeam BuildingArtist ManagementCopyright LawRoyaltiesEntertainment LawMusic ProductionBrandingMerchandiseLive Performance
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