What is SoundExchange? SoundExchange is a non-profit organization that collects and distributes digital performance royalties on behalf of recording artists and record labels. These royalties are generated from the digital streaming of music on platforms such as Pandora, Spotify, and Apple Music. SoundExchange was established in 2000 as a response to the growing digital music … Read more
I. What is Fan Engagement? Fan engagement refers to the interaction and connection between an artist and their fans. It involves creating meaningful and lasting relationships with fans through various channels such as social media, live events, merchandise, and exclusive content. Fan engagement is crucial for artists as it helps to build a loyal fan … Read more
I. What is Net Revenue? Net revenue is the total revenue generated by a business after deducting all expenses, such as production costs, operating expenses, and taxes. It is essentially the amount of money a company has left over after all costs have been accounted for. Net revenue is a key financial metric that reflects … Read more
What is a Record Label? A record label is a company that specializes in the production, distribution, and promotion of music recordings. Record labels are responsible for discovering and signing talented artists, overseeing the recording process, marketing and promoting the music, and distributing the final product to the public. They play a crucial role in … Read more
I. What is an LP (Long Play)? An LP, or Long Play, is a type of vinyl record that typically contains a full-length album of music. LPs are characterized by their larger size and longer playing time compared to other formats like singles or EPs. They are played at a speed of 33 1/3 revolutions … Read more
What is a Music Publisher? A music publisher is a company or individual that manages the rights to musical compositions. They work with songwriters and composers to promote their music, secure licensing deals, and collect royalties on their behalf. Music publishers play a crucial role in the music industry by helping artists protect their intellectual … Read more
What is Work for Hire? Work for Hire is a legal term used to describe a situation in which a person or entity hires another party to create a specific work, such as a piece of writing, artwork, music, or software. In a Work for Hire agreement, the creator of the work is typically considered … Read more
What is a Music Video Release? A music video release refers to the official launch of a music video by an artist or band. It is the process of making the video available to the public through various platforms such as YouTube, Vevo, and social media channels. The release of a music video is an … Read more
What is an Independent Artist? An independent artist is a musician or performer who operates without the financial backing or support of a major record label or corporate entity. Independent artists are self-reliant and have full creative control over their music, image, and career decisions. They often release their music through independent record labels or … Read more
What is BMI (Broadcast Music, Inc.)? BMI, also known as Broadcast Music, Inc., is one of the largest performing rights organizations in the United States. It was founded in 1939 by radio executives as a way to collect and distribute royalties for songwriters, composers, and music publishers. BMI represents over 1.1 million songwriters, composers, and … Read more