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“Who Wants to Be a Music Mogul?”
Music Industry Studies @ Pacific
PacWest Band Fest – April 18, 2015
Presented by Keith Hatschek,
Molly Butera & Ethan Castro
University of the Pacific
PacWest Presentation - 2015 2
Session Plan
Welcome!
Part 1 – the busine$$ of music
BrainQuest – Music Mogul Quiz Show
Music Management Study & Pac Ave
Records current projects (Molly/Ethan)
Final Exam
Q & A
PacWest Presentation - 2015 3
Music Biz 101
Who earns more?
 Ariana Grande
 Max Martin (co-writer
of Grande’s hit
“Problem”)
Who earns more?
 John Mayer
 Michael Solomon,
Brick Wall
Management
(John’s manager)
PacWest Presentation - 2015 4
Get the inside 411…
Top 10 artists often earn less than:
 Hit songwriters
 Powerful artist managers
 Successful record producers
 Film composers
 Top record label executives
 Leading music publishers
PacWest Presentation - 2015 5
Hatschek’s 50 to 1 Law
For every major artist you see on
YouTube, at a concert or on
late night TV…
You’ll find a support team of roughly 50
professionals helping them deliver their
“product” to their fans
PacWest Presentation - 2015 6
Hands On Managers
Entertainment
attorney
Music publisher
Record producer
Music video director
Copyright
administrator
Online music retailer
Sound/Lighting tech
Social media guru
Tour coordinator
Concert promoter
Recording engineer
PacWest Presentation - 2015 7
BrainQuest – aka
Who Wants to Be a Music Mogul?
We need 4 volunteers to participate as
a team
PacWest Presentation - 2015 8
BrainQuest 1
Who owns a hit song?
Is it the…
Songwriters
Record company
Publisher
Radio station
Students say:
PacWest Presentation - 2015 9
Song Ownership - 1
Who owns a hit song?
 Songwriters generally own original, copyrighted
musical compositions
 Record companies own the copyright in the sound
recording
 Publishers exploit the song and generally earn
50% of the songwriter’s income
 Radio stations pay a performance license to the
song’s owners via performing rights societies such
as ASCAP, SESAC and BMI
PacWest Presentation - 2015 10
BrainQuest 2
Is it legal to burn your own mix CD
using MP3s downloaded from iTunes
music store?
True
False
Students say:
PacWest Presentation - 2015 11
Home Made Mix CDs – 2
Is it legal to burn your own mix CD
using other tracks you have bought?
If you purchased a download or CD, then
you have the right to copy it for your own
personal use, called the “fair use” doctrine
allowed in the Copyright laws of the U.S.
If you grabbed it off a torrent or other
unauthorized site, it ain’t legal…
PacWest Presentation - 2015 12
BrainQuest 3
Who likely earns more money,
Megan Trainor “All About That Bass” or
her manager, Troy Carter?
Megan
Troy
Students say:
PacWest Presentation - 2015 13
Earnings Power - 3
Who earned more $$ in 2014, Megan Trainor
or her manager?
 Managers make 15-20% of the GROSS earnings
of the artist
 Artist’s generally earn their cut of an album or
concert's NET
Example: $1,000,000 GROSS from arena
concert
 Manager’s cut is $200,000 (20% of $1,000,000 gross)
 Trainor’s cut of the NET (earnings after all expenses are
paid out) may be in the $50-100,000 range
PacWest Presentation - 2015 14
BrainQuest 4
Which artist drops a new album May 4th
and is
proud of their fiercely independent DIY
approach to music business, allowing them to
maintain total artistic control and a bigger
profit on each downloaded album?
 Miley Cyrus
 Mumford & Sons
 Rihanna
Students say:
PacWest Presentation - 2015 15
Small Is Beautiful –
Indie Power 4
Mumford & Sons – Wilder Mind (May 4)
 Before the rise of the Internet, bands relied on
record companies to invest large sums of $ to help
record and promote their albums, back tours and
get airplay
 Today, more and more bands are deciding to keep
more control of their business affairs and in so
doing, are able to earn significantly higher profits
from record sales, tours, merch. (T-shirts, hoodies,
stickers, etc.)
 Indie is IN! (We study Mumford’s label, Glassnote Records, as
part of our Indie Label class)
PacWest Presentation - 2015 16
Music Management &
Industry Studies
UOP Music Management program offers two degree
tracks:
 BS Music Industry Studies – non-audition, focus on media
production, social media, record label ops, and recording
 BM Music Management – combines intensive study of music
performance and theory with music management classes
 Emphasis areas include music production, performing arts
administration, label operations and music products
 Internship opportunities in LA, NY, Nashville and
San Francisco at leading companies
Alumni of program have had high success rate in a
very competitive industry!
Internships – Concert Production
PacWest Presentation - 2015 17
Clockwise
from left:
Pavement
@ the Bob,
Carrie U.,
Aventura,
Stockton
Arena
Pac Ave Records
PacWest Presentation - 2015 18
On sale at iTunes,
Amazon, CD Baby,
etc.
Pac Ave Records
PacWest Presentation - 2015 19
Label staff
presentation
slides here
PacWest Presentation - 2015 20
Final Exam – True or
False
Managers usually earn more than band
members.
When you hear a song on the radio, the radio
station exclusively owns that song.
Copying songs from a torrent site is legal.
There is no guarantee that a band signed with
a major record label will earn more profit than
a band on an Indie label.
PacWest Presentation - 2015 21
Final Grade
You passed with flying colors!
Summer ‘15
Music Biz Camp
PacWest Presentation - 2015 22
June 14-20th
, 2015
PacWest Presentation - 2015 23
Resources
pacific.edu/conservatory
Billboard magazine – the bible of the music
biz www.billboard.com and www.billboard.biz
Spin, Rolling Stone, Pitchfork Media, Echoes-
Insight for Indie Artists blogs, CD Baby DIY
Musician blog, Music Connection for ideas on
new bands, jobs, industry trends and to get
the dish
PacWest Presentation - 2015 24
Q & A session

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Pac West Festival 2015 Music Industry Slides

  • 1. “Who Wants to Be a Music Mogul?” Music Industry Studies @ Pacific PacWest Band Fest – April 18, 2015 Presented by Keith Hatschek, Molly Butera & Ethan Castro University of the Pacific
  • 2. PacWest Presentation - 2015 2 Session Plan Welcome! Part 1 – the busine$$ of music BrainQuest – Music Mogul Quiz Show Music Management Study & Pac Ave Records current projects (Molly/Ethan) Final Exam Q & A
  • 3. PacWest Presentation - 2015 3 Music Biz 101 Who earns more?  Ariana Grande  Max Martin (co-writer of Grande’s hit “Problem”) Who earns more?  John Mayer  Michael Solomon, Brick Wall Management (John’s manager)
  • 4. PacWest Presentation - 2015 4 Get the inside 411… Top 10 artists often earn less than:  Hit songwriters  Powerful artist managers  Successful record producers  Film composers  Top record label executives  Leading music publishers
  • 5. PacWest Presentation - 2015 5 Hatschek’s 50 to 1 Law For every major artist you see on YouTube, at a concert or on late night TV… You’ll find a support team of roughly 50 professionals helping them deliver their “product” to their fans
  • 6. PacWest Presentation - 2015 6 Hands On Managers Entertainment attorney Music publisher Record producer Music video director Copyright administrator Online music retailer Sound/Lighting tech Social media guru Tour coordinator Concert promoter Recording engineer
  • 7. PacWest Presentation - 2015 7 BrainQuest – aka Who Wants to Be a Music Mogul? We need 4 volunteers to participate as a team
  • 8. PacWest Presentation - 2015 8 BrainQuest 1 Who owns a hit song? Is it the… Songwriters Record company Publisher Radio station Students say:
  • 9. PacWest Presentation - 2015 9 Song Ownership - 1 Who owns a hit song?  Songwriters generally own original, copyrighted musical compositions  Record companies own the copyright in the sound recording  Publishers exploit the song and generally earn 50% of the songwriter’s income  Radio stations pay a performance license to the song’s owners via performing rights societies such as ASCAP, SESAC and BMI
  • 10. PacWest Presentation - 2015 10 BrainQuest 2 Is it legal to burn your own mix CD using MP3s downloaded from iTunes music store? True False Students say:
  • 11. PacWest Presentation - 2015 11 Home Made Mix CDs – 2 Is it legal to burn your own mix CD using other tracks you have bought? If you purchased a download or CD, then you have the right to copy it for your own personal use, called the “fair use” doctrine allowed in the Copyright laws of the U.S. If you grabbed it off a torrent or other unauthorized site, it ain’t legal…
  • 12. PacWest Presentation - 2015 12 BrainQuest 3 Who likely earns more money, Megan Trainor “All About That Bass” or her manager, Troy Carter? Megan Troy Students say:
  • 13. PacWest Presentation - 2015 13 Earnings Power - 3 Who earned more $$ in 2014, Megan Trainor or her manager?  Managers make 15-20% of the GROSS earnings of the artist  Artist’s generally earn their cut of an album or concert's NET Example: $1,000,000 GROSS from arena concert  Manager’s cut is $200,000 (20% of $1,000,000 gross)  Trainor’s cut of the NET (earnings after all expenses are paid out) may be in the $50-100,000 range
  • 14. PacWest Presentation - 2015 14 BrainQuest 4 Which artist drops a new album May 4th and is proud of their fiercely independent DIY approach to music business, allowing them to maintain total artistic control and a bigger profit on each downloaded album?  Miley Cyrus  Mumford & Sons  Rihanna Students say:
  • 15. PacWest Presentation - 2015 15 Small Is Beautiful – Indie Power 4 Mumford & Sons – Wilder Mind (May 4)  Before the rise of the Internet, bands relied on record companies to invest large sums of $ to help record and promote their albums, back tours and get airplay  Today, more and more bands are deciding to keep more control of their business affairs and in so doing, are able to earn significantly higher profits from record sales, tours, merch. (T-shirts, hoodies, stickers, etc.)  Indie is IN! (We study Mumford’s label, Glassnote Records, as part of our Indie Label class)
  • 16. PacWest Presentation - 2015 16 Music Management & Industry Studies UOP Music Management program offers two degree tracks:  BS Music Industry Studies – non-audition, focus on media production, social media, record label ops, and recording  BM Music Management – combines intensive study of music performance and theory with music management classes  Emphasis areas include music production, performing arts administration, label operations and music products  Internship opportunities in LA, NY, Nashville and San Francisco at leading companies Alumni of program have had high success rate in a very competitive industry!
  • 17. Internships – Concert Production PacWest Presentation - 2015 17 Clockwise from left: Pavement @ the Bob, Carrie U., Aventura, Stockton Arena
  • 18. Pac Ave Records PacWest Presentation - 2015 18 On sale at iTunes, Amazon, CD Baby, etc.
  • 19. Pac Ave Records PacWest Presentation - 2015 19 Label staff presentation slides here
  • 20. PacWest Presentation - 2015 20 Final Exam – True or False Managers usually earn more than band members. When you hear a song on the radio, the radio station exclusively owns that song. Copying songs from a torrent site is legal. There is no guarantee that a band signed with a major record label will earn more profit than a band on an Indie label.
  • 21. PacWest Presentation - 2015 21 Final Grade You passed with flying colors!
  • 22. Summer ‘15 Music Biz Camp PacWest Presentation - 2015 22 June 14-20th , 2015
  • 23. PacWest Presentation - 2015 23 Resources pacific.edu/conservatory Billboard magazine – the bible of the music biz www.billboard.com and www.billboard.biz Spin, Rolling Stone, Pitchfork Media, Echoes- Insight for Indie Artists blogs, CD Baby DIY Musician blog, Music Connection for ideas on new bands, jobs, industry trends and to get the dish
  • 24. PacWest Presentation - 2015 24 Q & A session