Independent record company business plan
With regards to alternative rock bands, we will focus on currently unsigned bands. But when it comes to sourcing for recording artist to sign on to your record label, you will probably get a good catch from the 16 — 35 age bracket. Once these have been shot and edited, the first "single" and its video counterpart will be released to the public.
The U. Each division has been created with a distinct and specialized reputation of its own, and will be responsible for a separate genre of music. Do you have a track record of discovering and breaking new bands, or a string of successful previous releases?
Of course, these opportunities will become more readily available as the artist's reputation increases. Recent statistics from the IFPI revealed that overall global record industry revenues dipped by just 0.
Have you carried out any market research, and do you have any opportunities, clients or deals already lined up? Additionally, each of REC's Vice Presidents have a production background which will ensure the delivery of quality product on budget.
Independent musician business plan pdf
Distribution to mainstream apparel outlets will also be secured. Sign at least five groups within the first three years. Phase 1 begins with the creation of music videos for approximately three songs from the new album project. What makes it different, potentially profitable and more exciting than the other independent labels out there? We have now signed this exciting group of recording artists within the genres that we plan to produce. Reach profitability within three years. Each of the albums that REC produces and owns will create valuable short-term streams of revenue. If you already have a financial history, make sure to set it out clearly and make realistic projections for the future. Company founders have had discussions with numerous record labels across the country who are interested in working with REC. Electronic production capabilities lower production costs enabling projects to be completed at one-third the cost of projects in the other music genres. From past experience, no artist wants to sign a contract that will enslave them. Hence it is no surprise that the top three record labels who dominate the music industry in the globe are all headquartered in The United States of America.
We are mindful of the fact that there is stiffer competition amongst record labels in the United States of America; hence we have been able to hire some of the best business developer to handle our sales and marketing.
The advent of high speed communications has been both a positive and negative for the industry as record labels can now distribute its products much more quickly, but they are now susceptible to music piracy.
Record label mission statement
REC Music and its associated labels strive to fully maximize the success and profit potential of each artist. Single track downloads declined by The independent distribution division of the company will be incrementally increased over a three-year period with four independent projects being distributed in , six projects in and twelve projects in Sales fell sharply over the course of the next six years, mainly due to the declining American economy and the popularity of home cassette taping. Record Label Business Plan — Publicity and Advertising Strategy We have been able to work with brand and publicity specialist to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. By finding underground talent and improving their marketing and appeal to a broader music audience, we will be able to build a stable of artists with significant customer bases. Typically, the members of these bands are in their 20s and have getting signed, generating revenues and becoming famous as their primary goals. Our Competitive Advantage The level of competition in the record label industry is on the increase as the years roll by.
No doubt, hourly billing for music studios is a long — time tradition in the industry. Based on historical numbers, the business could fetch a sales premium of up to 3 to 7 times the previous years earnings.
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