Record Companies
Posted by Brittany Robinson | Posted in | Posted on 01:58
0
How do record companies make money?
Physical music sales: Singles, Albums, Compilation, CDs, Vinyl, DVD
Digital Music Sales: MP3, MP4 (videos), Ringtones
Gigs/Festivals: Gate Tickets, Merchandise, Music Sales
Artist Sponsorship & endorsement
Adverts/TV/Radio/Film: Use of artist music (Royalty)
Publishing
Sample Usage
Merchandise
Licensing: Intermedial Products, Games, Hi-Tech, Other…
Artist Websites: Premium Content, Membership
Record expenses?
Artist Expenses (Recoupable not Returnable)
Production Costs: Recording Studio, Staging Gigs/PAs
Manufacturing: Physical CD’s, Vinyl, DVDs
Singing On Fee / Advance
Advertising: Marketing, Promotion
Staff/Office
Legal Fees
File Sharing/ Illegal Downloads
Record Companies and Digital Age
Talent scouts trowl myspace / SNS for new artists
Zero manufacturing costs for mp3s Internet cheap – cheep + effective promotions
MP3s – DRM (Digital Rights Management)
COMPETITION INTERNET ONLY LABELS IS EMEBERGING - No Staff, No Overheads
Chris Anderson: - The Long Tail Theory
HITS V NICHE
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