By now I'm sure you've heard and/or read about the '360' record deal. There are at least two approaches to this type
of deal. One is where the Record Company will not only control and profit from the sale of the artist's recordings and
related products, but will also participate to a greater or lesser degree in the Artist's non-record income streams (e.g.,
touring income, merchandise sales, endorsements, songwriting, publishing, etc.). The label's non-record income participation
in the more modest type of deal is usually relatively small. The Label simply gets an override percentage from all artist
income streams. The argument is that it is primarily the Label's marketing and promotion efforts that are driving the
upward value of all income streams and that they are taking the biggest financial risk. The Labels argue that they will
be able to put more development and marketing money behind the new artists.
However, there are "360 deals" and there are "360 DEALS"! The latter is the second type where the
record company not only participates in non-record income as much as allowed, it "partners" with the Artist both in sharing
the profits and in the decision making in as many areas of the Artist's career as it can get the Artist to agree to.
The Record Company's share of non-record profits might run the range from 5% or 10% of the Artist's Net income to as high
as 50%. Most beginning Artists will have no real strength when it comes to this type of deal. The Label will have
all the negotiating power. The Label has the money and is taking the biggest risk -- and can therefore pretty well have
its way with the new artists. But there is really nothing new about that is there now? Artist lawyers and managers
who find themselves in this weak bargaining position can only do the best job they can, in the back of their minds only hoping
for that their Artist will experience success so phenomenal that the deal can be renegotiated later.
I and a major manager just finished negotiating one of the power 360 Deals with a Major Label. We certainly have
the experience and reputation to take this on, the manager with over 30 years in the business and me with over 25. It
took over 2 months of almost daily negotiations, both by telephone and email, just to come to an agreement on the major deal
points. I'm afraid part of that might have been because of the newness of this type deal to all of us. And by
"us" I mean not only the Artist representatives but also the Label.
2): What's The Best Way To Get Your Music On The Radio?
We All want out music on the Radio, Huh. There is a system with this, At Alander Talent & Artist Management, We work
With many Radio Stations, Our Approach is always the same, We get the best project, Material or Package Send it to the Radio
Station With a Coverletter and a Photo. But first make sure you're registered with BDS, Make sure That You have Radio Material,
Mixed and Mastered. And it's that easy. No, it's not that easy, But those are the most important ways to go by doing
it.
3) Who is B.M.I. and Why is it important to Be Registered With Them?
BMI is a performing right organization: It collects license fees on behalf of its songwriters, composers and music publishers
and distributes them as royalties to those members whose works have been performed.
As a performing right organization, BMI issues licenses to various users of music, including television and radio stations
and networks; new media, including the Internet and mobile technologies such as ringtones and ringbacks; satellite audio services
like XM and Sirius; nightclubs, discos, hotels, bars, restaurants and other venues; digital jukeboxes; and live concerts.
It then tracks public performances of its members' music, and collects and distributes licensing revenues for those performances
as royalties to the more than 375,000 songwriters, composers and music publishers it represents, as well as the thousands
of creators from around the world who have chosen BMI for representation in the U.S.
BMI currently represents some more than 6.5 million compositions — a number that is constantly growing. As a result,
BMI has, over the years, sought out and implemented a number of technological innovations in its continuing effort to gather
the most accurate information available about where, when and how its members' compositions are used as well as ensuring that
payment to those whose works have been performed is made in as precise and timely a manner as possible.
4): What Do A&R's Do?
An A&R representative signs and
developes talent for a record label. There are many ways that a record label A&R representative can discover talent or
artists that have "it". You can send your demo package to A&R reps that accept solicited material. You should call first
if you want to solicit your music to an A&R representative that will not take unsolicited material. Your A&R executives
job is to make sure that you are making music and taking care of business at the same time, basically your go to guy at your
record label.
A&R Reps may also help you make decisions that are important
to your career. It is common in the music industry for your A&R representative to help pick your first second and third
single. It is important to always remember that your A&R works for the record label. It is not uncommon for a record label
A&R to look out for the labels best interest. It is important to discuss any music business with your music management
or music attorney. It is your A&R representatives job to help you out during the recording process by hooking you up with
top music producers. It is not uncommon for your A&R representative to report your progrees to their superiors at the
record label. It will be your A&R representatives responsibility to make sure that your album is delivered on time. You
will have a release date that all the different departments of the record label need to be ready for.
What Does an A&R Rep do?
• Listen to demos, solicited and unsolicited, give
feedback!
• Seek out artists that have created a buzz for them selves.
• Attend live shows including showcases,
concerts, etc.
• Pay attention to what artists are hot and whose contracts are almost up.
• Sign artist
to label, get recording budget.
• Find music producers and recording studios. Search for songs.
• Steer
the artist in the right direction creatively and professionally.
• Work with the different departments at the label
to coordinate efforts.