The global music industry is one which has been driven by talent, innovation as well as the business side of things. This has given birth to a continually evolving industry with lots of people gainfully employed and taking part in its value chain. A major contributor to this growth is the record label. Record labels are the engine room of the music industry as they engage in the recruitment and the development of new artists, copyright enforcement, music publishing, and marketing which are its major activities among others.
Record label A&R & sync licensing management
How to Write a Record Label Business Plan (Free Template)
The first episode covers the foundations that underlie this business, shedding light on artist managers and booking agents. The second episode covers music publishers, the different types and talk of synchronizations also known as syncs and licensing. An example of the team that we have built around one of our artists. Those were the days when music was played from vinyl discs and cassette tapes, and when the discovery of music was limited to listening to the radio, going to a venue to see a live-show or by browsing your favorite section in the record store. Popular opinion was formed was very different — people could only consume and discover music in a few ways, so those who controlled those channels had major influence over what became hot, or not. The radio stations determined what music was broadcast.
Writing a business plan for your music career
Paying for a music career is just about the hardest part of keeping the whole thing going. Musicians, record labels, music managers, promoters, and agents all face a constant battle of completing their projects while paying the bills. But how you get your music business funding and what you do with the money makes a big difference. Before you start digging yourself into debt, find what you need to know so that your money woes don't shut you down. Where you get your money is just about the most important factor to consider.
Creating a professional, well-written business plan is the best place to start when setting up your own independent record label. Your business plan should set realistic goals, address any issues early on, and develop a clear path for the future of your record label. A solid business plan is also essential when you come to secure loans or new investment in the future. Want to start your own independent label? Find out more about Record Label in a Box.