Music Business Terminology
- 360 Deal: Record Labels receive a percentage of all the artist’s streams of income: merchandising, publishing, touring.
- A + R: Artist and Repertoire
- Advance: Once an Artist is signed, they will receive a sum of money known as an Advance
- Agent: Representation for an Artist for Live Shows.
- APRA AMCOS: Organisation that acts on behalf of musicians or publishers to licence songs and issue performing rights licences.
- AR: Artist Representation
- Artist: Live Performer, DJ, Variety, Music, Comedy, Presenter
- Brand: Consistency in Artist Show Experience, Narrative, Promise of Quality and Consistency, Instantly Recognisable
- Buyer: Entity who buys an Artist – Bar/Club Manager, F + B Manager, Functions Manager, Event Manager/Producer, Promoter
- Copyright: Copyright is a legal right by which creators claim ownership of their original material, so that others cannot steal, or fraudulently profit from their lyrics or music.
- Cover: Version of a song performed by an Artist other than the Original
- Curate: Strategically recruit and select the right Artists for the right budget and brief provided by a Hospitality Group in conjunction with the Management and Marketing Team to build the business of each Venue.
- Demo: A demo is a basic recording designed to showcase the quality and style of a musician’s work.
- Digital Distribution: Digital distribution is the process by which music is sold and listened to online through streaming services or digital-download platforms, like Spotify and iTunes.
- Door Split Deal: Financial arrangement between a Promoter and the performer, in which the musician doesn’t get paid a Guarantee to perform, however receives a percentage of the profit generated from ticket sales.
- EP: Extended Play collection of 3-5 songs
- EPK: Electronic Press Kit –High Resolution Publicity Ready Photograph, Full Song List, Biography and Social Media Links
- Executive Producer: They design content strategy. Supervise Production. Management Budget. Brand Consultation. Project Management.
- Getting Signed: Contract between Artist and Label
- Guarantee: An Agreed Set Fee Payable to the Artist by the Promoter
- Guarantee Plus: An Agreed Set Fee Payable to the Artist by the Promoter plus a bonus should ticket sales reach an agreed total.
- Guarantee Versus: An Agreed Set Fee Payable to the Artist by the Promoter OR an agreed percentage of Tickets Sold – whichever is the greater
- Indie Label: Independent Label who is not funded from a Major Record Label. Local Scale. Small Budgets
- Management: Manager of Artist Business
- Playlist: A Playlist is curated by Music Influencers.
- Producer: Oversees and manages the sound recording and production of a band or performer’s music.
- Promoter: Promotes a Show featuring an Artist at a Venue who manages the Event including the Marketing and Sales of all Tickets
- Promotion: The Process by which an artist, or their representatives, raise public awareness of their work, in order to increase the sales of their music.
- PRS: Organisation that acts on behalf of musicians or publishers to licence songs and issue performing rights licences.
- Publisher: Organisations that deals with the copyright associated with distributing music
- Publicist: Handles media and public relations on behalf of an Artist
- Radio Plugger: Public Relations specialists who specialize in getting clients’ music played on the radio
- Record Deal: A record deal is an agreement between a musician and their record label, which gives the record company the right to sell and distribute music produced by their signed artists.
- Record Label: Organisations which make deals with musicians allowing the record label to sell the artist’s music, licences for their songs, merchandise and other related products.
- Royalties: Fees paid to the copyright owner of a song before it can be used by a third party are known as royalties.
- Session: An agreed time period paid in a Recording Studio
- Synch: A synchronisation licence is a licence granted by the copyright owner of a piece of music, in order for it to be placed in different types of media, such as cinema, television or advertising.
- TR: Talent Recruitment
