1. Record Production MUM 2700 Music Business 1 Professor Calle Professor Calle MUM 2700 Music Business 1 Professor Calle Professor Calle

2. Producer Responsibilities »Maximizing the creative process - choosing good songs, creating quality arrangements, bringing out the best in all involved, overseeing the process from start to finish. »Administration - scheduling, budgeting, filing contracts, etc. »Maximizing the creative process - choosing good songs, creating quality arrangements, bringing out the best in all involved, overseeing the process from start to finish. »Administration - scheduling, budgeting, filing contracts, etc.

3. Producer Types »The complete producer:  Qualified to handle all aspects of production including: »Technical »Creative »Budget »The complete producer:  Qualified to handle all aspects of production including: »Technical »Creative »Budget

4. Musician/Engineer Producer »This type of producer will oversee one or multiple recording sessions of a project. »Typically, these individuals posses specialized skills in a specific area of the production process such as tracking vocals, rhythm sections, strings or horns. »This type of producer will oversee one or multiple recording sessions of a project. »Typically, these individuals posses specialized skills in a specific area of the production process such as tracking vocals, rhythm sections, strings or horns.

5. Artist Producer »A self-producing artist. »Usually controls the creative process of the production and out-sources the technical and budgetary responsibilities. »A self-producing artist. »Usually controls the creative process of the production and out-sources the technical and budgetary responsibilities.

6. Executive Producer »Raise money or funds the production. »Oversee the entire production but usually have a limited creative roll. »Record company presidents are often listed as executive producers. »Raise money or funds the production. »Oversee the entire production but usually have a limited creative roll. »Record company presidents are often listed as executive producers.

7. Co-Producers »Individuals who share in the production process. »These folks can be experts in the creative, technical or budgetary aspects of production but can’t complete the process alone due to funding or other deficiencies. »Individuals who share in the production process. »These folks can be experts in the creative, technical or budgetary aspects of production but can’t complete the process alone due to funding or other deficiencies.

8. Points »Producers are usually issued an advance and then earn royalties. »Superstars - 2 to 5 points or more. »Midlevel - 1 to 3 points »Beginners - 0 to 1 points »Producers are usually issued an advance and then earn royalties. »Superstars - 2 to 5 points or more. »Midlevel - 1 to 3 points »Beginners - 0 to 1 points

9. Starting out »Producer is hired by an artist. »Producer works for a flat fee. »Producer will try to enter into a royalty bearing agreement with the artist in case the artist is signed by a record company. »Artist will shop the production. »Producer is hired by an artist. »Producer works for a flat fee. »Producer will try to enter into a royalty bearing agreement with the artist in case the artist is signed by a record company. »Artist will shop the production.

10. Climbing the Ladder »If a producer’s work becomes commercially successful (it sells), then record companies may hire the producer directly. »At first, much of the work will be “work-for-hire” »Eventually, producer will demand royalty points and receive them. »If a producer’s work becomes commercially successful (it sells), then record companies may hire the producer directly. »At first, much of the work will be “work-for-hire” »Eventually, producer will demand royalty points and receive them.

11. Advances »New producers - $0 - $3,500 per track. »Midlevel - $3,500 - $5,000 per track »Superstars - $10,000 - $15,000 per track »Jam & Lewis - $150,000 per track »New producers - $0 - $3,500 per track. »Midlevel - $3,500 - $5,000 per track »Superstars - $10,000 - $15,000 per track »Jam & Lewis - $150,000 per track

12. Production Steps »Determine the artist »Find the appropriate material »Budget & scheduling »Create a high-quality production representative and unique to the artist and genre. »Meet all deadlines »Determine the artist »Find the appropriate material »Budget & scheduling »Create a high-quality production representative and unique to the artist and genre. »Meet all deadlines

13. Superstar Recoupment »Superstars such as Quincy Jones, David Foster and Phil Ramone are only responsible for recoupment of their production advances at the combined rate. »They typically do not have to recoup the recording costs and earn royalties quickly. »Superstars such as Quincy Jones, David Foster and Phil Ramone are only responsible for recoupment of their production advances at the combined rate. »They typically do not have to recoup the recording costs and earn royalties quickly.

14. Midlevel Recoupment »These producers earn royalties from record one after recoupment of the entire project’s recording costs at the combined rate. »These producers earn royalties slower than superstar producers. »These producers earn royalties from record one after recoupment of the entire project’s recording costs at the combined rate. »These producers earn royalties slower than superstar producers.

15. Low level Recoupment »These producers are paid from record one after recoupment of the entire recording cost at the net rate. »These producers take longer to earn royalties than all other producers. »These producers are paid from record one after recoupment of the entire recording cost at the net rate. »These producers take longer to earn royalties than all other producers.

16. Royalties »Assume the following:  Recording costs $120,000  Producer advance $10,000  Artist royalties.50 cents per CD.  Producers royalties.10 cents per CD  Net rate =.50  Combined rate =.60 »Assume the following:  Recording costs $120,000  Producer advance $10,000  Artist royalties.50 cents per CD.  Producers royalties.10 cents per CD  Net rate =.50  Combined rate =.60

17. Calculations »Record sells 200,000 units. »Recording costs $120,000 »200,000 *.50 (net rate) = $100,000 »Deficit of $20,000 »Producer is not owed royalties. »Record sells 200,000 units. »Recording costs $120,000 »200,000 *.50 (net rate) = $100,000 »Deficit of $20,000 »Producer is not owed royalties.

18. Calculations 2 »Record sells 240,000 units. »Recording costs $120,000 »240,000 *.50 (net rate) = $120,000 »Recouped »Record sells 240,000 units. »Recording costs $120,000 »240,000 *.50 (net rate) = $120,000 »Recouped

19. Royalties »240,000 *.10 = $24,000 »Advance $10,000 »Producer royalties owed »$24,000 - $10,000 = $14,000 »240,000 *.10 = $24,000 »Advance $10,000 »Producer royalties owed »$24,000 - $10,000 = $14,000

20. Contracts »As a producer always make the record company responsible for payment. »Artists typically recoup later than producers and thusly will not have money to pay the producer. »As a producer always make the record company responsible for payment. »Artists typically recoup later than producers and thusly will not have money to pay the producer.