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MBUS 5100 final exam Questions and answers latest update
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MBUS 5100 final exam Questions and answers latest update
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MBUS 5100 final examrole of manager - correct answer hub of all artists business activity, promotes artist career, handles all
DIY aspects
pay of manager - correct answer 15-20% of the artists gross income minus a few exclusions. advances
may or may not be commissioned
manager exclusive/ union regulated/ requires a license? - correct answer yes exclusive, no, and no
manger and touring - correct answer developed general touring plan with agent, may select opening acts
per the artists approval, negotiates march deal, hires/fires crew
**rarely tours with band
manager and recording - correct answer ships artist to record companies, negotiates general terms of
record deal, some help with selection of producer, studio, material. stays on top of the label with regard
to promoting the artists releases
term of manager - correct answer can be years or album cycles
after the term of manager - correct answer sunset clause provides for post-term commissions
booking agent role - correct answer arranges concerts
booking agent pay - correct answer 10% of artist performance fees. does not earn off merch
is the booking agent exclusive - correct answer within certain boundaries, may have domestic and
international, also 3rd part agents may be utilized
union regulation with booking agent - correct answer yes, AFM, referred to as "franchising"
,booking agent and touring - correct answer routes tour based on managers general plan, books concerts,
negotiates performance fees with concert promoter or talent buyer, SETS TICKET PRICES, tour manager
sends concert revenues to agent who deducts commission and then sends remainder to business
manager
does booking agent tour with the band? - correct answer no
term of booking agent - correct answer years
booking agent after the term - correct answer collects commission on all shows booked, even if shows
occur after agent and artist have parted ways
business manager role - correct answer handles finances
business manager pay - correct answer either 5% of gross, or monthly or hourly
are business managers exclusive? - correct answer yes
are business managers union regulated or require a licenses? - correct answer no, no
business manger touring - correct answer builds budget for tour, handles accounting for all tour
revenues, including merch. Issues paychecks to crew, sounds the alarm is tour is over budget, cross
checks payments from agent and daily finanial reports from tour manager
does the business manager tour with band? - correct answer no
recording and business manager - correct answer oversees recording budget, recieves/distributes
recording advances. pays all bills related to production, collects royalties and distributes accordingly
term of BM - correct answer varies by compensation method, time-based
, after the term BM - correct answer commission only while working
is the BM a key player? - correct answer no
role of attorney - correct answer negotiates contracts
pay of attorney - correct answer -flat fee or hourly or retainer vs. hourly
-east coast method: 10% of the advances on the record deal
-west coast method: 5% of the artists gross income over the lifetime of the deal
are attorney's exclusive? - correct answer depends on type of compensation, if hourly or flat fee then not
necessarily exclusive
are attorney's union regulated? license? - correct answer no, yes
attorney role in tour - correct answer rare to have a role, all booking contracts negotiated by the agent
do attorney's tour with the band - correct answer no
attorney and recording - correct answer negotiates details of recoding contract, some shop artists to
record companies, operating almost more like a manger
term of attorney - correct answer varies by compensation method, time-based or album cycle based
after the term for attorney - correct answer typically none, or passed out after contract expires
is attorney a key person? - correct answer no
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