Question 1

The labels' new business models are tied to

Accepted Answer

A)  Selling albums 
B)  Selling singles 
C)  Controlling access to shows, merchandise, and streaming (royalties) 
D)  Distributing their recorded products to rack jobbers, one-stops, record clubs, and mass merchandisers 
E)  Providing free goods to retail 
A)  Selling albums 
B)  Selling singles 
C)  Controlling access to shows, merchandise, and streaming (royalties) 
D)  Distributing their recorded products to rack jobbers, one-stops, record clubs, and mass merchandisers 
E)  Providing free goods to retail C

Question 2

A deal memo is

Accepted Answer

A)  Sent from the artist to the label 
B)  Sent from the label to a prospective artist 
C)  Details from the act about what they want in a possible deal 
D)  Explained from the act's viewpoint the amount in advances, tour support, and what producers require for their recordings 
E)  The way to provide the basic points offered by a label including options, advances, etc. 
A)  Sent from the artist to the label 
B)  Sent from the label to a prospective artist 
C)  Details from the act about what they want in a possible deal 
D)  Explained from the act's viewpoint the amount in advances, tour support, and what producers require for their recordings 
E)  The way to provide the basic points offered by a label including options, advances, etc. B,E

Question 3

Most new acts on labels today are signed at the decision of the president of the label themselves.

Accepted Answer

A) True 
 B)False  False

Question 4

Sony Pictures is a signatory to union contracts, including

Accepted Answer

A)  IFPI 
B)  Edgar Bronfman 
C)  The Teamsters 
D)  The International Alliance of Theatrical and Stage Employees ("IATSE") 
E)  The union of British Columbia Performers and the Directors Guild of Canada 
A)  IFPI 
B)  Edgar Bronfman 
C)  The Teamsters 
D)  The International Alliance of Theatrical and Stage Employees ("IATSE") 
E)  The union of British Columbia Performers and the Directors Guild of Canada

Question 5

The term ""you will cause"" in a recording deal means

Accepted Answer

A)  The label will cause a list of things to happen 
B)  The artists will cause a list of things to happen 
C)  The label will hire the producer, musicians, and background singers for the album sessions 
D)  The labels will provide the songs and determine which songs the act will sing 
E)  The artists will be required to pay all bills for the session 
A)  The label will cause a list of things to happen 
B)  The artists will cause a list of things to happen 
C)  The label will hire the producer, musicians, and background singers for the album sessions 
D)  The labels will provide the songs and determine which songs the act will sing 
E)  The artists will be required to pay all bills for the session

Question 6

The top global labels are owned by

Accepted Answer

A)  RCA Records 
B)  Sony 
C)  Universal 
D)  Warner (music) 
E)  Disney 
A)  RCA Records 
B)  Sony 
C)  Universal 
D)  Warner (music) 
E)  Disney

Question 7

A master lease deal means that

Accepted Answer

A)  The major distribution label will pay all recording and marketing costs in exchange for a percentage of the profits 
B)  The label will ""lease back the master"" after one year 
C)  The superstar or personality who owns the label will pay all expenses and then lease the master to a major label (for distribution) in exchange for a percentage of the profits 
D)  Nothing, as such a deal does not exist 
E)  The recording artist will pay the label for a deal plus all promotion, publicity, and marketing expenses 
A)  The major distribution label will pay all recording and marketing costs in exchange for a percentage of the profits 
B)  The label will ""lease back the master"" after one year 
C)  The superstar or personality who owns the label will pay all expenses and then lease the master to a major label (for distribution) in exchange for a percentage of the profits 
D)  Nothing, as such a deal does not exist 
E)  The recording artist will pay the label for a deal plus all promotion, publicity, and marketing expenses

Question 8

Most recording artists never receive any royalties from their recordings.

Accepted Answer

A) True 
 B)False

Question 9

Disney owns

Accepted Answer

A)  The ABC TV network in the United States 
B)  The ESPN sports network 
C)  Pixar Animation Studios 
D)  Cruise ships 
E)  Touchstone Pictures 
A)  The ABC TV network in the United States 
B)  The ESPN sports network 
C)  Pixar Animation Studios 
D)  Cruise ships 
E)  Touchstone Pictures

Question 10

Artist royalties for albums and singles sold are often in the range of

Accepted Answer

A)  12-15 points 
B)  70% of the suggested retail street price 
C)  40% of the digital wholesale price 
D)  20 points or more if the act is a superstar 
E)  30% of the digital wholesale price 
A)  12-15 points 
B)  70% of the suggested retail street price 
C)  40% of the digital wholesale price 
D)  20 points or more if the act is a superstar 
E)  30% of the digital wholesale price

Question 11

A ""commitment album"" in a recording deal refers to the album the artist has agreed to record.

Accepted Answer

A) True 
 B)False

Question 12

The keys to being a successful label include

Accepted Answer

A)  World distribution 
B)  Acts/artists signed 
C)  Money 
D)  Promotion 
E)  Publicity 
A)  World distribution 
B)  Acts/artists signed 
C)  Money 
D)  Promotion 
E)  Publicity

Question 13

Acts and bands are still often discovered through local personalities, radio station DJs, local promoters, and record store owners who inform regional label distribution and promoters about the "local buzz" an act is creating.

Accepted Answer

A) True 
 B)False

Question 14

Recording artists should look at a record deal as

Accepted Answer

A)  A way to get rich 
B)  A shot to become famous and to see if their artisty and image can build a fan base 
C)  A way to become politically involved in issues 
D)  A method or way to employ your family and friends in the industry 
E)  An opportunity to work with a label to create a win/win situation for both 
A)  A way to get rich 
B)  A shot to become famous and to see if their artisty and image can build a fan base 
C)  A way to become politically involved in issues 
D)  A method or way to employ your family and friends in the industry 
E)  An opportunity to work with a label to create a win/win situation for both

Question 15

The current problems facing the entertainment industry have been caused by

Accepted Answer

A)  The development of the Internet 
B)  A change in consumers' behavior as they now acquire products free 
C)  Personal devices such as computers and iPhones 
D)  A shift in the quality of the programming of entertainment products 
A)  The development of the Internet 
B)  A change in consumers' behavior as they now acquire products free 
C)  Personal devices such as computers and iPhones 
D)  A shift in the quality of the programming of entertainment products

Question 16

A development deal from a label means

Accepted Answer

A)  The label will provide global distribution of the project 
B)  The deal is for seven years with seven albums and at least $100,000 in advances 
C)  That if the label rejects the master, they will use it as a tax write-off deal 
D)  The label will pay for recording expenses 
E)  That the artist is being offered an opportunity to develop material as a major act 
A)  The label will provide global distribution of the project 
B)  The deal is for seven years with seven albums and at least $100,000 in advances 
C)  That if the label rejects the master, they will use it as a tax write-off deal 
D)  The label will pay for recording expenses 
E)  That the artist is being offered an opportunity to develop material as a major act

Question 17

An example of an affiliate label is Maverick Records that was owned by Madonna.

Accepted Answer

A) True 
 B)False

Question 18

Consumers' continuous use of illegal downloading and streaming has reduced the labels' economies of scale to a point that makes it difficult to break even financially, even with reduced budgets and limited artist rosters.

Accepted Answer

A) True 
 B)False

Question 19

Major record labels are ""signatories"" to union deals, which means they

Accepted Answer

A)  Will hire SAG-AFTRA musicians for sessions 
B)  Will hire AF of M singers for the sessions 
C)  Will pay union scale 
D)  Will pay the producer and audio engineers union rates for their work 
E)  Will only release under their label union-created entertainment products 
A)  Will hire SAG-AFTRA musicians for sessions 
B)  Will hire AF of M singers for the sessions 
C)  Will pay union scale 
D)  Will pay the producer and audio engineers union rates for their work 
E)  Will only release under their label union-created entertainment products

Question 20

""Greatest Hit"" albums count as one of the artist's required albums in a typical record deal.

Accepted Answer

A) True 
 B)False

The labels' new business models are tied to

A deal memo is

Most new acts on labels today are signed at the decision of the president of the label themselves.

Sony Pictures is a signatory to union contracts, including

The term ""you will cause"" in a recording deal means

The top global labels are owned by

A master lease deal means that

Most recording artists never receive any royalties from their recordings.

Disney owns

Artist royalties for albums and singles sold are often in the range of

A ""commitment album"" in a recording deal refers to the album the artist has agreed to record.

The keys to being a successful label include

Acts and bands are still often discovered through local personalities, radio station DJs, local promoters, and record store owners who inform regional label distribution and promoters about the "local buzz" an act is creating.

Recording artists should look at a record deal as

The current problems facing the entertainment industry have been caused by

A development deal from a label means

An example of an affiliate label is Maverick Records that was owned by Madonna.

Consumers' continuous use of illegal downloading and streaming has reduced the labels' economies of scale to a point that makes it difficult to break even financially, even with reduced budgets and limited artist rosters.

Major record labels are ""signatories"" to union deals, which means they

""Greatest Hit"" albums count as one of the artist's required albums in a typical record deal.

The Perfect Storm

The Three Wows

The Rules of the Game

The Entertainment Business

The Significance of Narration

Music Publishingwhats the Deal

Recording Lightning in a Bottle

The Label Businessrecording Budgets

Promotionpublicity and Media

Representation

The Concert and Event Business

Filters

Exam 9: Odds of the Game

The labels' new business models are tied to

A deal memo is

Most new acts on labels today are signed at the decision of the president of the label themselves.

Sony Pictures is a signatory to union contracts, including

The term ""you will cause"" in a recording deal means

The top global labels are owned by

A master lease deal means that

Most recording artists never receive any royalties from their recordings.

Disney owns

Artist royalties for albums and singles sold are often in the range of

A ""commitment album"" in a recording deal refers to the album the artist has agreed to record.

The keys to being a successful label include

Acts and bands are still often discovered through local personalities, radio station DJs, local promoters, and record store owners who inform regional label distribution and promoters about the "local buzz" an act is creating.

Recording artists should look at a record deal as

The current problems facing the entertainment industry have been caused by

A development deal from a label means

An example of an affiliate label is Maverick Records that was owned by Madonna.

Consumers' continuous use of illegal downloading and streaming has reduced the labels' economies of scale to a point that makes it difficult to break even financially, even with reduced budgets and limited artist rosters.

Major record labels are ""signatories"" to union deals, which means they

""Greatest Hit"" albums count as one of the artist's required albums in a typical record deal.

The Perfect Storm

The Three Wows

The Rules of the Game

The Entertainment Business

The Significance of Narration

Music Publishingwhats the Deal

Recording Lightning in a Bottle

The Label Businessrecording Budgets

Promotionpublicity and Media

Representation

The Concert and Event Business

Filters