Class Description

In this class, we will walk you through almost every aspect of the music industry, not just the flashy parts, but the nitty-gritty too.

About Your Teachers

Lenny Bedford is a Music Video Director and long time music-industry teacher best known for his work for The Music Lab & Band DIY.

Joe Robinson is, coincidentally, also a long time music-industry teacher best known for his work for The Music Lab & Band DIY.

Finanacial Breakdown:

In part 9, we breakdown a full financial year. Here are all those figures:

COSTS:

Record Label: £5,000

_________

INCOME PER SOURCE:

Publishing revenue: £10,000

Through PRS: £5,000

Through Publisher: £5,000

Synchronization revenue: £5,000

Master Rights revenue: £15,000

Touring revenue: £16,000

__________

INCOME PER PARTY:

Record Label: £10,000

Recouped: £5,000

50% Split: £5,000

Publisher: £2,000

Publishing: £1,000

Sync: £1,000

Promoters (50/50): £8,000

(likely to be 1 per venue)

Booking Agent (20/80): £1,600

(this is taken after the Promoters cut)

The Artist: £24,400

Publishing: £9,000

PRS: £5,000

Publisher: £4,000

Synchronization: £4,000

(this will be split equal between

the band member after the

manager split)

Master Rights: £5,000

Tour: £6,400

WHICH IS THEN SPLIT BETWEEN MEMBERS:

MANAGER: £3,880

Publishing: £800

PRS: £0

Publisher: £800

Synchronization: £800

Master Rights: £1,000

Tour: £1,280

DAVE: £6,156.65

Publishing: £2,050

PRS: £1,250

Publisher: £800

Synchronization: £1066.66

Master Rights: £1,333.33

Tour: £1,706.66

MARK: £6,156.65

Publishing: £2,050

PRS: £1,250

Publisher: £800

Synchronization: £1066.66

Master Rights: £1,333.33

Tour: £1,706.66

JENNIFER: £8,206.65

Publishing: £4,100

PRS: £2,500

Publisher: £1,600

Synchronization: £1066.66

Master Rights: £1,333.33

Tour: £1,706.66

(There is £0.05 left over because of recurring digit answers.)

Teboho Sebili

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