MTM 3010 Intro to Music Industry Final Exam - Full Set
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Module
MTM 3010
Institution
MTM 3010
MTM 3010 Intro to Music Industry Final Exam - Full Set
360 deals
Record company receives percentage of artist's income streams.
Role of independent labels
Discovering new talent in the music industry.
Role of major labels
Financial backing, elaborate recordings, promotion, and distribution ...
MTM 3010 Intro to Music Industry Final
Exam - Full Set
360 deals
Record company receives percentage of artist's income streams.
Role of independent labels
Discovering new talent in the music industry.
Role of major labels
Financial backing, elaborate recordings, promotion, and distribution power.
Types of major label record deals
In-house, artist already under contract, independent artist/producer deal, master lease,
artist production company.
Typical record producer royalties
2%-6% royalty depending on leverage.
SWOT analysis
Strengths, Weaknesses, Opportunities, Threats.
SMART Goals
Specific, Measurable, Achievable, Relevant, Time-bound.
Album Equivalent Unit
Measurement unit in music industry equal to the purchase of one album copy.
Track Equivalent Albums
Sum of song sales divided by 10, 10 song downloads = 1 album unit.
Stream Equivalent Albums
Sum of audio song streams divided by 1,250 (premium) or 3,750 (free), equivalent to 1
album unit.
Distribution
Process of making music available for purchase.
Spec
Employed without assurance of payment.
Reversion clause
Ownership of works reverts back to songwriter after a certain period or conditions are
met.
Overdubbing
Fine-tuning, fixing, recording vocals, and adding elements to a track.
Mixing
Decisions about performances, leveling, tonal qualities, and instrument placement in a
stereo mix.
Mastering
Final touches to make the product ready for mass production.
Tracking
Capturing basic elements of a song (backing tracks).
Programming radio
Sequencing acts/music, playlist management.
Terrestrial radio
, Broadcasting by land-based radio stations.
Typical adds per week (radio)
10-15 songs.
High culture music programs
Classical music, opera, and theater.
Low ratings and high production costs
Challenges in the music industry.
Video commissioner
Oversees music video and audiovisual content creation for artists.
Film score
Composed, performed, and recorded music synchronized with a motion picture.
Fix sum buyout of rights
Purchase of rights in a property for a lump sum, rather than royalties.
Package deal
Combined goods or services delivered under one price tag.
Purpose of station Logo/ID
Ensuring easy identification of the radio station and compliance with FCC regulations.
Cost to produce a first-class Broadway Musical
$10 million or more.
Revenue streams from musicals
Various sources of income generated by musical productions.
Royalty free music
Music that can be used without paying royalties.
Trade associations for musical instrument industry
National Association of Music Merchants (NAMM), National Association of Professional
Band Instrument Repair Technicians (NAPBIRT), Guitar and Accessories Marketing
Association (GAMA).
Number of musical instrument stores in the U.S.
11,485 as of September 24, 2023.
Business music
Music used by business owners to attract customers and motivate employees.
Background music
Unobtrusive accompaniment to work, shopping, conversation, dining, and relaxation.
Needle drop
Brief recorded passage used in a dramatic program or broadcast commercial.
Cue
Short musical passage composed to accompany dramatic action or underscore
dialogue.
Web based tool categories for indie artist
Sales/Promotion, Financing, Touring, Licensing.
Useful social media platforms for indie artist
Facebook, Tumblr, Foursquare, Herd.fm, Robot, Twitter, Instagram, TikTok, Triller.
Basic business structures
Sole Proprietorship, Partnership, Corporation.
Most common funding source for new businesses
Bank loans.
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