Michael Scott Band (from TAC Mgmt.’s website)
Our dutiful board member Tracey Chirhart has been “On It” in looking for help for our musician friends and their supporters (sound people, small businesses, local luthiers, etc.) so that they can continue with their “Business of Music”. Check these out!
About TAC Music Management: Musicians need time to work on their craft, and booking, promoting and self managing are very time consuming. It is however, crucial to understand the business side of the music industry to further your career and you need someone on your team that you can trust to outline steps and develop a plan catered to your specific goals. We want to focus attention on you, therefore we only work with a few artists at a time so each gets the attention they need to build a plan and work towards their ideal career path.
http://www.TACMusicManagement.com
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A few articles I came across today that I thought I’d share!
Here’s What Happens When Coronavirus Derails Your Music Career Just as It’s Getting Started
By Gil Kaufman, Billboard | The COVID-19 pandemic continues to wreak havoc on the music business, canceling or postponing hundreds of tours, pushing back major albums and forcing everyone from Miley Cyrus to Diplo to Dierks Bentley to Dua Lipa to pivot from playing live shows to livestreaming from their homes, practically overnight.
But what if you’re just starting out and you don’t have the resources to hunker down for one, or two, maybe even three months for the air to clear? What if you’ve been working tirelessly on your debut album and prepping for that first headlining tour, and this was finally going to be your year? What if your fans forget about you while they’re also hunkered down, worried about the health of their families and friends?
Read the whole story here:
https://www.billboard.com/articles/columns/rock/9346637/coronavirus-derails-music-career-just-getting-started
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How to Secure the Bag: Exploring Untapped Revenue
Dennis Dreith and Music Connection | Many creators wear multiple hats while juggling the business of music. Overseeing production schedules and budgets, coordinating release dates, uploading tracks to the appropriate services and registering works with all relevant societies can be both time consuming and extremely frustrating—frequently resulting in critical pieces of information falling through the cracks. Too often, the importance of fully registering accurate metadata is lost, leaving money on the table. Consequently, music creators have been losing out on billions of dollars globally. When music is streamed, downloaded or digitally broadcast, there are royalties due for the performance in a sound recording payable to copyright owners and performers in addition to those for the composition.
Exploring these untapped revenues and how to monetize recordings based on domestic and international regulations cannot be fully addressed in just one short article, but I will attempt to provide the tools and guidance to point you in the right direction.
What is Equitable Remuneration? Read the answer here:
https://www.musicconnection.com/how-to-secure-the-bag-exploring-untapped-revenue/
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10 Income Sources Every Creative Should Know in the Streaming Era (And More!)
By Alex Heiche, Music Connection | The RIAA recently reported that digital streaming now accounts for at least 80 percent of the total revenue generated by the US recorded music industry. As streaming becomes increasingly dominant, the newly emerging and evolving classes of royalties, licensing fees and other income streams available to songwriters, recording artists, musicians and producers can be difficult to navigate, often resulting in significant revenue going uncollected.
To help bring clarity to creatives, Sound Royalties released a comprehensive guide to the royalty and non-royalty income available to music creators. 50 Income Streams Music Creatives Should Know About, And Where to Find Them details this information, with direct links to industry resources, and can be found on our website blog at soundroyalties.com.
As regular readers of Music Connection know, every song is protected by copyrights in two categories: A copyright for the songwriting or composition, and a copyright for the sound recording. Depending on one’s role in the writing, production, performance or recording of any given song or album, an individual may earn royalties in one copyright category or both.
For this article, I’ve pulled highlights from our guide that focus on royalties directly related to streaming. Artists are encouraged to learn as much as possible about the changes underway in our industry effecting publishing and recording copyrights. This is a great place to start.
1. Public Performance Royalties (songwriter) are earned… read the rest of the story here:
10 Income Sources Every Creative Should Know in the Streaming Era (And More!)
Tracey Chirhart
TAC Music Management
720-431-2604
http://www.tacmusicmanagement.com