Nobody downloaded yet

Media Consolidation - Essay Example

Comments (0) Cite this document
Summary
There are new contracts on the horizon for record companies and artists. The last few years have created much turmoil between record companies and artists as record company revenue continues to decrease. Over the last few years, record company sales have decreased as a result of piracy and downloading from the internet…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.1% of users find it useful
Media Consolidation
Read TextPreview

Extract of sample "Media Consolidation"

Download file to see previous pages This paper will discuss the 360 deal and what it means to both the artist, the recording companies, and the public at large.
There are some shades of the past here. There was a time when the recording artist wrote a contract with the record company, only to receive the amount of the contract, no matter how big the artist got or how popular the song. Many of these artists died poor. Are artists headed into the same kind of contract(Hoffman, 2010). The entertainment industry will never be what it has been again, it is changed forever. In the past, the artist gave up the rights to the recordings that were made to the record industry. The artist usually got advanced royalties and the record companies paid the cost of production. This worked good for the record companies until the decline of records, now there must be some kind of transition in the business (Hoffman, 2010).
There are actually two types of 360 deals out there right now. In the first case, the record company will continue to control the profit from the sale of the artist's recordings and related products but will gain a percentage funding from the artists other revenue streams. In this case, the labels non-record income from these other income streams is small and amounts to an override percentage. The labels argue in this case that what they do is driving all the other income streams as well and this percentage will allow them to drive more development for the artists (Weaver, S. 2007). The second type however, is a much bigger deal. In this, the record company participates in non-record income. They partner with the artist in profit and decision making. This might get the record companies net incomes as high as 50%. The newer artists, similar to those so many years ago would have no strength against a contract like this one. The label has all the power in this case. These artists need to be sure to have a good lawyer to negotiate these deals (Weaver, 2007).
Needless to say, this is very controversial. Is this just a way for the record companies to increase revenues during a time when record sales are at their lowest The artists see it as one more attempt to see the artist as income instead of managing their business well. There is also the feeling the music becomes less important as each of the labels brands the artist in order to bring about more interest. The labels argue that this kind of a deal allows them to make more money and therefore they can take on more unknown and new artists. This says this gives them the chance to work with the artist longer and staying for the long haul.
Making a decision as an artist to sign or not to sign a 360 deal has become complicated. The whole point of a 360 deal is for the record company to get a cut of the revenue streams that an artist creates. There is question here as to whether the record labels have the expertise to manage all of these kinds of revenue streams. If not, then the artist will pay the record company and someone else to manage their business. There are also decisions about percentages and how much money that actually leads to. Attorneys need to be involved to be sure that the deal that is being signed is the deal they think it is. (McDonald, 2010).
There are, of course, pros and cons to every deal. Many say that the 360 deal allows a record company to spend some time and money scouting ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Media Consolidation Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1530660-media-consolidation
(Media Consolidation Essay Example | Topics and Well Written Essays - 1500 Words)
https://studentshare.org/miscellaneous/1530660-media-consolidation.
“Media Consolidation Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/miscellaneous/1530660-media-consolidation.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Media Consolidation

Working memory and consolidation

...?Working memory and consolidation: Introduction: The ability to retain and use information in the mind to bring it into use later for either verbal or nonverbal tasks like talking or understanding and arguing or processing is largely associated with the system of working memory. This whole phenomenon of retaining the received information to do verbal and nonverbal tasks is universally considered to be so important that the query why we forget usually forms a core part of any memory theory. This is actually a theoretical concept associated with both psychology and neuroscience. Forgetting heavily interferes with the tasks of the working memory system which is why so much research is done on this particular subject. It could be due... of the...
2 Pages(500 words)Research Proposal

Consolidation of Financial Statements

...?Consolidation of Financial ments Introduction The acquisition method is predominantly applied to consolidation of financial ment from 2009. Prior to that Purchase Method of consolidation was in vogue. Pooling of interest method was adopted for consolidation prior to 2002. This paper seeks to analyze how the acquisition method compares with the earlier two methods in consolidation of financial statements, its impact on financial statement reporting quality, potential Impact on decision making and International implications of consolidation of financial statements. The paper also discussed the differences between the standards of IFRS and...
5 Pages(1250 words)Research Paper

Debt Consolidation

...against it ('Predatory lending,' par.2). In recent reports, media has raised concerns over debt consolidation. They have pointed out that a large majority looks to reduce their interest rate by converting their unsecured loans into a secured loan. The problem arises at their choice of asset to secure the loan against. Most people tend to secure their loans against their home ('Debt consolidation,' par.13) which is a dangerous practice; putting at risk such a valuable asset would certainly not be the most advisable thing to do. The monthly payment does get lower, but the actual amount repaid over the years is often significantly greater in proportion due to the long period of loan. What...
4 Pages(1000 words)Essay

Consolidation

...ANSWERS: The purpose of preparing consoli d financial ments is to present watered down financial ment. watered down means that the inter -company sales are eliminated. Also, inter-company profits on inventory end are eliminated. Inter -company purchases are eliminated. Likewise, inter -company receivables and payables are also eliminated. Here, the investment in subsidiary with its corresponding share capital, retained earnings and other stockholders' equity accounts of the acquired company, like Robin, are eliminated. The preparation of the consolidated financial statements DOES NOT involve any adjustments to the financial statements of either the parent or the subsidiary companies. In this case, the parent is Batman...
3 Pages(750 words)Case Study

Soil Consolidation during Construction

...SOIL CONSOLIDATION DURING CONSTRUCTION With the progress of man's demand for modernisation, different types of infrastructure have been continually conceptualised, most of which now serve as tangible necessities for man's daily life. Indeed, through the test of time, a building's aesthetics and purpose occupy the largest criteria in the field of landscape construction. However, there is one major factor which is often overlooked by other people. This is the mechanics of the soil on which the construction will take place. Soil consolidation, which is a major concern for all landscape artists, have significantly become an important field in construction. Generally, any undrained loading or unloading will...
5 Pages(1250 words)Essay

Server consolidation

...to please its growing list of customers in the region. In order to do so, alpha decided to revamp its information technology (IT) infrastructure to support an ambitious program of new development. The company’s overall plan was to consolidate its core banking system, implement automatic deposits and withdrawals nationwide, and provide expanded banking services to its customers through the deployment of new e-business applications. One of the first such applications was an e-banking system providing easy-to-use, 24x7 financial services to its customers via the Internet. This, along with other new e-business initiatives that would follow, needed the support of a highly reliable, available and scalable...
4 Pages(1000 words)Essay

Regarding Consolidation

...Consolidation Introduction: The Hard Side of Change Management by Sirkin et al, and Evaluating and Managing Change for Optimal Performance by Haddad can be studied to focus on how they relate to Kotter’s seventh point of change management, which is consolidation of gains. Consolidation: Sirkin et al presented through their studies the fact that there is a need for bringing change within an organization depending on the needs of the company. For this purpose there is a need to remove such individuals or such measures that are unable to provide the company with adequate success. The authors have focused on the performance, duration, management and commitment needed for a company’s success...
1 Pages(250 words)Essay

Memory Consolidation

...Annotated Bibliography: Memory Consolidation Ricker, T. J., & Cowan, N. . Differences Between Presentation Methods in Working Memory Procedures: A Matter of Working Memory Consolidation. Journal of ExperimentalPsychology: Learning, Memory, and Cognition, 40(2), 417- 428. Timothy and Nelson delve into convolutions of how much the duration of retention and the presentation method of memory items and the difference it causes on the rate of forgetting. They perform a series of various experiments to determine the effect on duration of retention by both random and sequential presentation on various participants. In the first experiment, hey were expected to remember some characters on standard CRT monitors and...
1 Pages(250 words)Annotated Bibliography

The process of consolidation

...The process of consolidation Introduction Consolidation refers to the process of the gradual reduction in volume as the result of applying a load on a fully saturated soil. The reduction in volume occurs due to the load effect causing drainage of pore water. The process of consolidation continues to the point when the excess pore pressure result from the increase in total stress completely goes diminished. The hydrostatic pressure therein becomes gradually dissipated thereby shifting the load to the soil solid thereby triggering decrease in volume of the soil mass. It is worth noting that the rate at which water escapes is dependent on the permeability of the soil in question. In which...
4 Pages(1000 words)Lab Report

Consolidation

...Finance and Accounting - Consolidation s This paper analyzes an article discussing a relevant consolidation accounting issue. The paper recognizes a growing problem resulting from regulatory bodies using guidelines that differ from international standards, therefore introducing challenges that companies using consolidation accounting have to deal with on a regular basis. Finance and Accounting - Consolidation Summary of the article In general, the article Regulatory consolidation under the influence of international accounting standards by Reply tries to illustrate how the increasingly important role international accounting standards with regard to...
3 Pages(750 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Media Consolidation for FREE!

Contact Us