Company licenses use of copyrighted compositions for public performance, collects royalties

Performance Rights Organization

Artist Management Final Review

RIM 3720 midterm questions + Quizzes 5-8 review for Artist Management **This does not include potential essay questions**

Flashcards136 cardsFPractice quizPHost liveL

Questions 136

Answers

1
The first recording of a song by a recording artist on an album is granted what is called a __.
a synch license
compulsory license
controlled composition
mechanical license
2
A Service Mark gives the sources of the services an artist provides.
True
False
3
A manager is entitled to receive commissions on the tour support given to the artist from their record label.
False
True
4
Company licenses songs on behalf of many pub companies in U.S., then collects royalties for use to be paid to Publisher
SoundExchange
Copyright.gov
Performance Rights Organization
Harry Fox Agency
5
The person responsible for managing the administrative business functions for the artist is:
Tour Manager
Business Manager
Personal Manager
Merchandise Manager
6
The person responsible for finding a date to reschedule an engagement if it cancels
Tour Manger
Booking Agent
Artist Manager
Entertainment Attorney
7
It is standard practice that an Artist Manager enters a non-exclusive relationship with the Artist.
True
False
8
An "all-in" contract means the specific royalty rate paid to the artist includes royalty payment to the producer.
True
False
9
Who is responsible for reviewing the performance contract when there are changes to the legal language of the contract?
Business Manager
Entertainment Attorney
Personal Manager
Booking Agent
10
Confirming hotel rooms and travel arrangements is a part of "advancing" the show
True
False
11
The quickest way for an artist to begin paying the expenses of a music career is from live shows.
True
False
12
The Record label provides all financing necessary to create the sound recording for the artist
True
False
13
A manager spends how many years developing a brand new artist to the point of generating real income?
1-2 years
3-4 years
3-5 years
2-3 years
14
An American touring artist must be prepared to pay taxes for amounts earned while touring other countries.
True
False
15
Who is responsible for providing the artist's rider requirements on the day of the show?
Venue
Tour Manager
Promoter
Booking Agent
16
An Artist Manager cannot commission the recording costs used to make the artist's album
True
False
17
Who is responsible for providing the artist's rider requirements on the day of the show?
Venue
Promoter
Booking Agent
Tour Manager
18
If a song generates $20,000 in royalties; with a standard publishing deal, how much money would the Songwriter make?
$5,000
$10,000
$20,000
$2,000
19
An Artist Manager is entitled to receive commissions on the NET income that an artist makes from touring.
False
True
20
TPoMPA is a law that permits a minor artist to contract with an individual/company and be bound by the agreement
False
True
21
Tactics are the plans you have for each Goal
False
True
22
If there's a key person clause, the artist is free to terminate the contract with the company if company is sold.
True
False
23
Which one of the following is NOT one of ASCAP's top 5 qualities increasing the potential to become a hit songwriter?
Amount of commissions
Amount of draw
Ability to write alone
Ability to write great lyrics
24
The person responsible for the general management of the artist is:
Business manager
Tour manager
Personal manager
Merchandise manager
25
A target market is made up of consumers and potential consumers with who the artist's music connects.
True
False
26
The Receptionist at a Record Label is a gatekeeper.
False
True
27
Only a licensed attorney can be granted an artist's Power of Attorney.
False
True
28
An Individual’s Right to Publicity means the right to control the commercial exploitation of a name, image, or likeness.
True
False
29
A successfully touring artist wanting to tour in Europe is an example of a long-term goal.
True
False
30
Contract should include provisions for the artist and manager to insure each other's lives.
True
False
31
An Artist Manager cannot commission the tour support given to the artist.
True
False
32
If song generates $20k, standard publishing deal, how much would Manager make with 20% commissions if artist co-wrote
$1,000
$2,000
$10,000
$5,000
33
When a manager is hired to work for a mgmt firm, they are agreeing for their commissions to go to the firm, not them.
False
True
34
The option to renew the contract is the manager's choice, not the artist's.
False
True
35
A key component of branding is "image."
False
True
36
Company licenses use of copyrighted compositions for public performance, collects royalties
Harry Fox Agency
Performance Rights Organization
SoundExchange
Copyright.gov
37
It is standard practice that an Artist agrees to an exclusive contract arrangement with their artist manager.
False
True
38
What is the name of the royalties each time the song is sold as one of the songs included on a recording?
PERFORMANCE ROYALTIES
SYNCHRONIZATION ROYALTIES
PRINT ROYALTIES
MECHANICAL ROYALTIES
39
Artist Expenses are paid back to the record label if the recording earns adequate income from the project to pay
True
False
40
Harry Fox Agency can periodically audit record companies ensuring payment to publishing clients royalties that are owed
False
True
41
Who is responsible for managing the administrative business functions for the artist?
Personal Manager
Merchandise Manager
Tour Manager
Business Manager
42
Which market segmentation is best defined as dividing a market up by the lifestyle characteristics of music buyers.
Demographics
Behavioristic
Geographics
Psychographics
43
Royalties paid to artist from the sale of their single/album are a % of the wholesale price of the recording
True
False
44
Booking Agents are typically paid an agreed upon monthly salary amount from their artist.
False
True
45
The industry standard for the Booking Agent is:
15%
10%
20%
5%
46
In current industry standards, an artist manager’s commissions are in what range for established and major artists:
20-25%
5-10%
10-15%
15-20%
47
California requires 15% of a minor artist's income be withheld in a trust
True
False
48
An Artist's contract with a Record Label is on a non-exclusive basis
False
True
49
If the record company pays for any aspect of live performance (hair, makeup), then the entire amount becomes recoupable
False
True
50
An Artist Manager cannot commission the tour support given to the artist
False
True
51
The responsibility of paying the record producer is the artist's and is done through the artist's royalty earnings
True
False
52
Tour support is commissionable by the Artist Manager
True
False
53
The recording contract requires the Artist to pay for ALL of the costs of recording an album
True
False
54
In the Artist Development management contract, the manager is paid a monthly retainer rather than by commissions.
True
False
55
Assembling the necessary resources to carry out a plan and to put those resources into a logical order
Organizing
Planning
Controlling
Leading
56
Regarding the royalty payout, singles earn 3/4 the rate of an album
True
False
57
When planning a personal budget for the artist, the artist's budget should be based upon their gross income.
True
False
58
A Manager's services to the Artist includes providing advice on all phases of the career in the industry except:
Determining which song will go to radio
Appropriate Music & Show Design for Live Performances
Imaging and Branding of Artist
Helping Select a Record Label
59
Royalty rates for new artists can range from _ to _?
13% to 16%
5% to 9%
15% to 18%
9% to 12%
60
Which Market Segmentation did the textbook and notes reference as being the easiest to identify?
Behavioristic
Demographics
Psychographics
Geographics
61
In this same clause (as the answer above) it is also important for the Manager, in the event that what happens?
The artist dies
The artist decides not to renew their recording contract
Band fires the lead singer in the group
The manager decides to leave the management company
62
If song generates $20k, standard publishing deal, how much money would the Publisher make if the artist co-wrote song?
$10,000
$15,000
$20,000
$5,000
63
A “draw” is considered an advance payment against future royalties and is recoupable under most circumstances.
False
True
64
"Advancing" a show means taking care of all of the details needed before the day of the show.
True
False
65
If an artist has a 360 deal with the record label, they will owe a percentage of their sponsorship dollars to the label
False
True
66
When a songwriter signs with a Music Publisher, typically the songwriter agrees to write exclusively for the Publisher.
True
False
67
An Artist Manager is allowed to take commissions on the Artist's Advance
True
False
68
collects & distributes digital performance royalties for the owners of copyrights of sound recordings for radio/internet
SoundExchange
Performance Rights Organization
Copyright.gov
Harry Fox Agency
69
An unsigned singer-songwriter who desires to pursue a publishing deal is an example of an artist's short-term goal.
True
False
70
How did you resolve the last conflict you had with someone?
True
False
71
A Publicist connects the artist to the media through pitching news stories and scheduling radio interviews.
False
True
72
An unsigned singer-songwriter pursuing a publishing deal is an example of an artist's short-term goal.
False
True
73
Which one of the basic fee structures have no tie-in with the ticket sales?
Flat Guarantee
Guarantee VERSUS Percentage
Straight Guarantee
Guarantee PLUS Percentage
74
A standard management contract specifically states that the manager is not obligated to seek employment for the artist.
False
True
75
Artist receives $25k adv., recording costs are $75k, manager earns 20% commissions, how much money would Manager earn?
$10,000
$5,000
$20,000
$2,500
76
A signed artist releasing a new record on a record label is an example of a short-term goal.
False
True
77
The royalities generated when a song is performed on the radio, restaurant, a retail shop, or dance club is called what?
SYNCHRONIZATION
PERFORMANCE ROYALTY
MECHANICAL ROYALTY
PRINT ROYALTY
78
The power of legendary status is found mostly in the __.
Power of Money
Power of the Artist's Latest Success
Power of Access
Power of Artist's Body of Work
79
A "Settlement Meeting" is for the tour manager and promoter to count tickets and review the promoter's expense sheet
False
True
80
An established U.S. artist who wants to tour in Europe for the first time, is an example of a long-term goal.
True
False
81
An artist must be prepared to pay state income taxes for what they earned in each state they performed.
False
True
82
Which market segmentation is best defined as dividing the markets by looking at why consumers engage with a product.
Psychographics
Demographics
Geographics
Behavioristic
83
How much money did they pay the promoter?
$20,000
$0
$15,000
$10,000
84
When an artist reaches "Major Artist" status, they will often renegotiate their contract to lower the commission to 10%
False
True
85
The person responsible for securing concert engagements
Booking Agent
Entertainment Attorney
Tour Manager
Artist Manager
86
A record label's 360 deal gives the record company a license to use the artwork created for the album for other products
True
False
87
An artist who owns their own record label and markets their own recordings will see a faster return on investment (ROI).
True
False
88
An artist's advance is not considered part of the recoupable money to the record label
True
False
89
Royalty Rates for more established artists can earn up to?
25%
20%
15%
10%
90
Money given to the artist from the record label to help offset the losses an artist incurs while touring is Tour Support
False
True
91
A trademark is a symbol that represents the brand and distinguishes it from other products.
True
False
92
It's recommended that new developing artists have a presence on no more than 2-3 different social media sites at a time
True
False
93
The Person responsible for finding a date to reschedule an engagement if it cancels
Booking Agent
Tour Manager
Entertainment Attorney
Artist Manager
94
In the example in the book, why did Bette Midler win her lawsuit with the advertising company for their car commercial?
Agency failed to pay the licensing fee for use of her SOUND RECORDING
Agency used her SONG in a commercial without her okay
Agency used a SOUND-ALIKE ARTIST in their commercial
Agency used her IMAGE in a commercial without her okay
95
Strategies are the plans you have for each Goal
True
False
96
Except for event insurance, a promoter generally has no recovery for their losses following a cancellation of the show
False
True
97
If an artist decides to create a music video, they must pay for the entire amount out of their advance
True
False
98
Who is responsible for securing the appropriate permits for a show happening outdoors?
Tour Manager
Booking Agent
Promoter
Business Manager
99
Who is the primary person the Tour Manager takes direction from while on the road?
Venue
Artist Manager
Promoter
Booking Agent
100
Artist Advances are "loans" against future anticipated royalties
False
True
101
Which one of the key players in the live entertainment area take the most risk for a concert?
Promoter
Artist
Manager
Agent
102
Confirming hotel rooms and travel arrangements is a part of "advancing" the show
False
True
103
Business Managers are paid a 5% commission from all three of the artist's revenue streams.
True
False
104
How much $ would Publisher and songwriter split if album sells 20k units and compulsory rate of 12.7 cents is applied?
$254,000
$25.40
$25,400
$2,540
105
If an album sells 20k units, artist's song is on their own album, how much $ do Pub & Songwriter split?
$2,540
$19.05
$19,050
$1,905
106
The importance of an artist using email promotion was downplayed because most fans are on social media
True
False
107
Terrestrial radio must get a performance rights license and pay performance royalties in order to play songs on the air.
True
False
108
A Tour Manager is typically paid a 10% commission from the artist’s touring income
False
True
109
How long is typical before a recording artist sees their first royalty check, if ever?
2-3 years
1-2 years
4-5 years
3-4 years
110
A simple partnership agreement is a legal document that spells out what happens if a member joins/leaves the group
False
True
111
Management contracts should have a __ clause, or a severance package for the Manager.
Exclusivity
Key Man Clause
Non-Compete Clause
Sunset Clause
112
What expenses will you pay and what expenses will I be responsible for?
True
False
113
How much commissions did the booking agent make?
$15,000
$10,000
$20,000
$0
114
How much money did the artist have to pay the venue?
$0
$15,000
$10,000
$20,000
115
Parents can be held liable for the contract, should their child refuse to honor it
False
True
116
A benefit to a signed artist is the means to quickly increase their public profile and build a larger fanbase
False
True
117
When a song is licensed for use in a TV show like Grey's Anatomy, the royalties earned from that is called?
SYNCHRONIZATION
PERFORMANCE ROYALTIES
MECHANICAL ROYALTIES
PRINT ROYALTIES
118
A(n) __ is the way people feel about the artist.
name
artist likeness
brand
image
119
Tour Support is commissionable by the Booking Agent
False
True
120
The person responsible for making sure the artist's crew, expenses, and taxes get paid is:
Merchandise Manager
Business Manager
Tour Manager
Personal Manager
121
Who is responsible for making sure the PROs get paid after a live concert event?
Agent
Artist
Venue Manager
Tour Manager
122
A Mechanical Royalty is the money earned each time a song is performed
False
True
123
The Business Manager for an Artist monitors and receives the checks from the Performance Rights Organizations.
True
False
124
Contract should allow a manager to continue representation if a key member quits/goes solo
False
True
125
Royalties paid to artist from the sale of their single or album, are a % of the wholesale price of the recording
False
True
126
Primary Role of the Record Label is the exploitation of an artist's sound recording
False
True
127
With 10% royalty for each album sold via iTunes, wholesale price is $7, how much does artist make with each album sale?
70 cents
$1.00
52 cents
7 cents
128
Which fee structure allows the artist to receiving a guarantee or a percentage of the ticket sales?
Guarantee VERSUS Percentage
Flat Guarantee
Guarantee PLUS Percentage
Straight Percentage
129
Radio programmers have power with their listeners by deciding which songs to play and the number of spins for that song.
Power of Artist's Body of Work
Power of Artist's Latest Success
Power of Money
Power of Access
130
With an Individual’s Right to Publicity artists do NOT have the right to control the exploitation of a singing voice.
True
False
131
If a song generates $20k in royalties, standard publishing deal, how much would the Manager make with a 20% commission
$4,000
$5,000
$1,000
$2,000
132
Taking the resources needed to reach goals and use them efficiently to achieve success
Controlling
Leading
Planning
Organizing
133
The industry standard commission for a Business Manager is:
10%
5%
15%
20%
134
How much commissions did the personal manager make if they are a 15% manager?
$15,000
$20,000
$0
$10,000
135
In New York, the PoMPA requires the manager/artist contract not exceed 3 years
True
False
136
Artist & Manager should start with the goals then work backwards with steps on how to accomplish those goals
False
True

Artist Management Final Review Flashcards | StudBud

Artist Management Final Review

136 termsStudBud Administration2 plays

RIM 3720 midterm questions + Quizzes 5-8 review for Artist Management **This does not include potential essay questions**

Flashcards136 cardsFPractice quizPHost liveL

Questions 136

Answers

1
The first recording of a song by a recording artist on an album is granted what is called a __.
a synch license
compulsory license
controlled composition
mechanical license
2
A Service Mark gives the sources of the services an artist provides.
True
False
3
A manager is entitled to receive commissions on the tour support given to the artist from their record label.
False
True
4
Company licenses songs on behalf of many pub companies in U.S., then collects royalties for use to be paid to Publisher
SoundExchange
Copyright.gov
Performance Rights Organization
Harry Fox Agency
5
The person responsible for managing the administrative business functions for the artist is:
Tour Manager
Business Manager
Personal Manager
Merchandise Manager
6
The person responsible for finding a date to reschedule an engagement if it cancels
Tour Manger
Booking Agent
Artist Manager
Entertainment Attorney
7
It is standard practice that an Artist Manager enters a non-exclusive relationship with the Artist.
True
False
8
An "all-in" contract means the specific royalty rate paid to the artist includes royalty payment to the producer.
True
False
9
Who is responsible for reviewing the performance contract when there are changes to the legal language of the contract?
Business Manager
Entertainment Attorney
Personal Manager
Booking Agent
10
Confirming hotel rooms and travel arrangements is a part of "advancing" the show
True
False
11
The quickest way for an artist to begin paying the expenses of a music career is from live shows.
True
False
12
The Record label provides all financing necessary to create the sound recording for the artist
True
False
13
A manager spends how many years developing a brand new artist to the point of generating real income?
1-2 years
3-4 years
3-5 years
2-3 years
14
An American touring artist must be prepared to pay taxes for amounts earned while touring other countries.
True
False
15
Who is responsible for providing the artist's rider requirements on the day of the show?
Venue
Tour Manager
Promoter
Booking Agent
16
An Artist Manager cannot commission the recording costs used to make the artist's album
True
False
17
Who is responsible for providing the artist's rider requirements on the day of the show?
Venue
Promoter
Booking Agent
Tour Manager
18
If a song generates $20,000 in royalties; with a standard publishing deal, how much money would the Songwriter make?
$5,000
$10,000
$20,000
$2,000
19
An Artist Manager is entitled to receive commissions on the NET income that an artist makes from touring.
False
True
20
TPoMPA is a law that permits a minor artist to contract with an individual/company and be bound by the agreement
False
True
21
Tactics are the plans you have for each Goal
False
True
22
If there's a key person clause, the artist is free to terminate the contract with the company if company is sold.
True
False
23
Which one of the following is NOT one of ASCAP's top 5 qualities increasing the potential to become a hit songwriter?
Amount of commissions
Amount of draw
Ability to write alone
Ability to write great lyrics
24
The person responsible for the general management of the artist is:
Business manager
Tour manager
Personal manager
Merchandise manager
25
A target market is made up of consumers and potential consumers with who the artist's music connects.
True
False
26
The Receptionist at a Record Label is a gatekeeper.
False
True
27
Only a licensed attorney can be granted an artist's Power of Attorney.
False
True
28
An Individual’s Right to Publicity means the right to control the commercial exploitation of a name, image, or likeness.
True
False
29
A successfully touring artist wanting to tour in Europe is an example of a long-term goal.
True
False
30
Contract should include provisions for the artist and manager to insure each other's lives.
True
False
31
An Artist Manager cannot commission the tour support given to the artist.
True
False
32
If song generates $20k, standard publishing deal, how much would Manager make with 20% commissions if artist co-wrote
$1,000
$2,000
$10,000
$5,000
33
When a manager is hired to work for a mgmt firm, they are agreeing for their commissions to go to the firm, not them.
False
True
34
The option to renew the contract is the manager's choice, not the artist's.
False
True
35
A key component of branding is "image."
False
True
36
Company licenses use of copyrighted compositions for public performance, collects royalties
Harry Fox Agency
Performance Rights Organization
SoundExchange
Copyright.gov
37
It is standard practice that an Artist agrees to an exclusive contract arrangement with their artist manager.
False
True
38
What is the name of the royalties each time the song is sold as one of the songs included on a recording?
PERFORMANCE ROYALTIES
SYNCHRONIZATION ROYALTIES
PRINT ROYALTIES
MECHANICAL ROYALTIES
39
Artist Expenses are paid back to the record label if the recording earns adequate income from the project to pay
True
False
40
Harry Fox Agency can periodically audit record companies ensuring payment to publishing clients royalties that are owed
False
True
41
Who is responsible for managing the administrative business functions for the artist?
Personal Manager
Merchandise Manager
Tour Manager
Business Manager
42
Which market segmentation is best defined as dividing a market up by the lifestyle characteristics of music buyers.
Demographics
Behavioristic
Geographics
Psychographics
43
Royalties paid to artist from the sale of their single/album are a % of the wholesale price of the recording
True
False
44
Booking Agents are typically paid an agreed upon monthly salary amount from their artist.
False
True
45
The industry standard for the Booking Agent is:
15%
10%
20%
5%
46
In current industry standards, an artist manager’s commissions are in what range for established and major artists:
20-25%
5-10%
10-15%
15-20%
47
California requires 15% of a minor artist's income be withheld in a trust
True
False
48
An Artist's contract with a Record Label is on a non-exclusive basis
False
True
49
If the record company pays for any aspect of live performance (hair, makeup), then the entire amount becomes recoupable
False
True
50
An Artist Manager cannot commission the tour support given to the artist
False
True
51
The responsibility of paying the record producer is the artist's and is done through the artist's royalty earnings
True
False
52
Tour support is commissionable by the Artist Manager
True
False
53
The recording contract requires the Artist to pay for ALL of the costs of recording an album
True
False
54
In the Artist Development management contract, the manager is paid a monthly retainer rather than by commissions.
True
False
55
Assembling the necessary resources to carry out a plan and to put those resources into a logical order
Organizing
Planning
Controlling
Leading
56
Regarding the royalty payout, singles earn 3/4 the rate of an album
True
False
57
When planning a personal budget for the artist, the artist's budget should be based upon their gross income.
True
False
58
A Manager's services to the Artist includes providing advice on all phases of the career in the industry except:
Determining which song will go to radio
Appropriate Music & Show Design for Live Performances
Imaging and Branding of Artist
Helping Select a Record Label
59
Royalty rates for new artists can range from _ to _?
13% to 16%
5% to 9%
15% to 18%
9% to 12%
60
Which Market Segmentation did the textbook and notes reference as being the easiest to identify?
Behavioristic
Demographics
Psychographics
Geographics
61
In this same clause (as the answer above) it is also important for the Manager, in the event that what happens?
The artist dies
The artist decides not to renew their recording contract
Band fires the lead singer in the group
The manager decides to leave the management company
62
If song generates $20k, standard publishing deal, how much money would the Publisher make if the artist co-wrote song?
$10,000
$15,000
$20,000
$5,000
63
A “draw” is considered an advance payment against future royalties and is recoupable under most circumstances.
False
True
64
"Advancing" a show means taking care of all of the details needed before the day of the show.
True
False
65
If an artist has a 360 deal with the record label, they will owe a percentage of their sponsorship dollars to the label
False
True
66
When a songwriter signs with a Music Publisher, typically the songwriter agrees to write exclusively for the Publisher.
True
False
67
An Artist Manager is allowed to take commissions on the Artist's Advance
True
False
68
collects & distributes digital performance royalties for the owners of copyrights of sound recordings for radio/internet
SoundExchange
Performance Rights Organization
Copyright.gov
Harry Fox Agency
69
An unsigned singer-songwriter who desires to pursue a publishing deal is an example of an artist's short-term goal.
True
False
70
How did you resolve the last conflict you had with someone?
True
False
71
A Publicist connects the artist to the media through pitching news stories and scheduling radio interviews.
False
True
72
An unsigned singer-songwriter pursuing a publishing deal is an example of an artist's short-term goal.
False
True
73
Which one of the basic fee structures have no tie-in with the ticket sales?
Flat Guarantee
Guarantee VERSUS Percentage
Straight Guarantee
Guarantee PLUS Percentage
74
A standard management contract specifically states that the manager is not obligated to seek employment for the artist.
False
True
75
Artist receives $25k adv., recording costs are $75k, manager earns 20% commissions, how much money would Manager earn?
$10,000
$5,000
$20,000
$2,500
76
A signed artist releasing a new record on a record label is an example of a short-term goal.
False
True
77
The royalities generated when a song is performed on the radio, restaurant, a retail shop, or dance club is called what?
SYNCHRONIZATION
PERFORMANCE ROYALTY
MECHANICAL ROYALTY
PRINT ROYALTY
78
The power of legendary status is found mostly in the __.
Power of Money
Power of the Artist's Latest Success
Power of Access
Power of Artist's Body of Work
79
A "Settlement Meeting" is for the tour manager and promoter to count tickets and review the promoter's expense sheet
False
True
80
An established U.S. artist who wants to tour in Europe for the first time, is an example of a long-term goal.
True
False
81
An artist must be prepared to pay state income taxes for what they earned in each state they performed.
False
True
82
Which market segmentation is best defined as dividing the markets by looking at why consumers engage with a product.
Psychographics
Demographics
Geographics
Behavioristic
83
How much money did they pay the promoter?
$20,000
$0
$15,000
$10,000
84
When an artist reaches "Major Artist" status, they will often renegotiate their contract to lower the commission to 10%
False
True
85
The person responsible for securing concert engagements
Booking Agent
Entertainment Attorney
Tour Manager
Artist Manager
86
A record label's 360 deal gives the record company a license to use the artwork created for the album for other products
True
False
87
An artist who owns their own record label and markets their own recordings will see a faster return on investment (ROI).
True
False
88
An artist's advance is not considered part of the recoupable money to the record label
True
False
89
Royalty Rates for more established artists can earn up to?
25%
20%
15%
10%
90
Money given to the artist from the record label to help offset the losses an artist incurs while touring is Tour Support
False
True
91
A trademark is a symbol that represents the brand and distinguishes it from other products.
True
False
92
It's recommended that new developing artists have a presence on no more than 2-3 different social media sites at a time
True
False
93
The Person responsible for finding a date to reschedule an engagement if it cancels
Booking Agent
Tour Manager
Entertainment Attorney
Artist Manager
94
In the example in the book, why did Bette Midler win her lawsuit with the advertising company for their car commercial?
Agency failed to pay the licensing fee for use of her SOUND RECORDING
Agency used her SONG in a commercial without her okay
Agency used a SOUND-ALIKE ARTIST in their commercial
Agency used her IMAGE in a commercial without her okay
95
Strategies are the plans you have for each Goal
True
False
96
Except for event insurance, a promoter generally has no recovery for their losses following a cancellation of the show
False
True
97
If an artist decides to create a music video, they must pay for the entire amount out of their advance
True
False
98
Who is responsible for securing the appropriate permits for a show happening outdoors?
Tour Manager
Booking Agent
Promoter
Business Manager
99
Who is the primary person the Tour Manager takes direction from while on the road?
Venue
Artist Manager
Promoter
Booking Agent
100
Artist Advances are "loans" against future anticipated royalties
False
True
101
Which one of the key players in the live entertainment area take the most risk for a concert?
Promoter
Artist
Manager
Agent
102
Confirming hotel rooms and travel arrangements is a part of "advancing" the show
False
True
103
Business Managers are paid a 5% commission from all three of the artist's revenue streams.
True
False
104
How much $ would Publisher and songwriter split if album sells 20k units and compulsory rate of 12.7 cents is applied?
$254,000
$25.40
$25,400
$2,540
105
If an album sells 20k units, artist's song is on their own album, how much $ do Pub & Songwriter split?
$2,540
$19.05
$19,050
$1,905
106
The importance of an artist using email promotion was downplayed because most fans are on social media
True
False
107
Terrestrial radio must get a performance rights license and pay performance royalties in order to play songs on the air.
True
False
108
A Tour Manager is typically paid a 10% commission from the artist’s touring income
False
True
109
How long is typical before a recording artist sees their first royalty check, if ever?
2-3 years
1-2 years
4-5 years
3-4 years
110
A simple partnership agreement is a legal document that spells out what happens if a member joins/leaves the group
False
True
111
Management contracts should have a __ clause, or a severance package for the Manager.
Exclusivity
Key Man Clause
Non-Compete Clause
Sunset Clause
112
What expenses will you pay and what expenses will I be responsible for?
True
False
113
How much commissions did the booking agent make?
$15,000
$10,000
$20,000
$0
114
How much money did the artist have to pay the venue?
$0
$15,000
$10,000
$20,000
115
Parents can be held liable for the contract, should their child refuse to honor it
False
True
116
A benefit to a signed artist is the means to quickly increase their public profile and build a larger fanbase
False
True
117
When a song is licensed for use in a TV show like Grey's Anatomy, the royalties earned from that is called?
SYNCHRONIZATION
PERFORMANCE ROYALTIES
MECHANICAL ROYALTIES
PRINT ROYALTIES
118
A(n) __ is the way people feel about the artist.
name
artist likeness
brand
image
119
Tour Support is commissionable by the Booking Agent
False
True
120
The person responsible for making sure the artist's crew, expenses, and taxes get paid is:
Merchandise Manager
Business Manager
Tour Manager
Personal Manager
121
Who is responsible for making sure the PROs get paid after a live concert event?
Agent
Artist
Venue Manager
Tour Manager
122
A Mechanical Royalty is the money earned each time a song is performed
False
True
123
The Business Manager for an Artist monitors and receives the checks from the Performance Rights Organizations.
True
False
124
Contract should allow a manager to continue representation if a key member quits/goes solo
False
True
125
Royalties paid to artist from the sale of their single or album, are a % of the wholesale price of the recording
False
True
126
Primary Role of the Record Label is the exploitation of an artist's sound recording
False
True
127
With 10% royalty for each album sold via iTunes, wholesale price is $7, how much does artist make with each album sale?
70 cents
$1.00
52 cents
7 cents
128
Which fee structure allows the artist to receiving a guarantee or a percentage of the ticket sales?
Guarantee VERSUS Percentage
Flat Guarantee
Guarantee PLUS Percentage
Straight Percentage
129
Radio programmers have power with their listeners by deciding which songs to play and the number of spins for that song.
Power of Artist's Body of Work
Power of Artist's Latest Success
Power of Money
Power of Access
130
With an Individual’s Right to Publicity artists do NOT have the right to control the exploitation of a singing voice.
True
False
131
If a song generates $20k in royalties, standard publishing deal, how much would the Manager make with a 20% commission
$4,000
$5,000
$1,000
$2,000
132
Taking the resources needed to reach goals and use them efficiently to achieve success
Controlling
Leading
Planning
Organizing
133
The industry standard commission for a Business Manager is:
10%
5%
15%
20%
134
How much commissions did the personal manager make if they are a 15% manager?
$15,000
$20,000
$0
$10,000
135
In New York, the PoMPA requires the manager/artist contract not exceed 3 years
True
False
136
Artist & Manager should start with the goals then work backwards with steps on how to accomplish those goals
False
True