Sunday, January 29, 2023

How Much Do Music Managers Make

Indigo Books & Music Salary Faqs

How Much Money Do Artist Managers Make?

The average Indigo Books & Music salary ranges from approximately $57,785 per year for a Customer Experience Manager to $106,727 per year for a Category Manager. The average Indigo Books & Music hourly pay ranges from approximately $17 per hour for a Customer Services Representative to $17 per hour for a Customer Experience Leader. Indigo Books & Music employees rate the overall compensation and benefits package 3.2/5 stars.

The highest-paying job at Indigo Books & Music is a Category Manager with a salary of $106,727 per year.

The lowest-paying job at Indigo Books & Music is a Customer Experience Manager with a salary of $57,785 per year.

The Music Artist Managers

Right from the start, I want to bring your attention to the fact that many artists only have one manager. This is because either they are at the beginning stages of their career or because there artist manager is so good that they can cover everything by themselves.

This type of manager is called artist manager AKA talent manager or personal manager.

Many artist managers not only know how to promote and manage their artists careers, but they also possess a variety of various other skills.

Some of these skills include costuming, financial literacy, knowing how to successful book tours, technical skills, and much much more.

As you can see with these qualities, its not strange for an artist to have just one manager that organizes almost everything.

How Long The Manager Is Entitled To A Commission

An off-the-shelf pro-management agreement will have absolutely no time limits on the managers right to receive a commission from agreements entered into during the Term. It will state that any agreement entered into during the Term, or any renewal, extension, modification or substitution of that agreement will be subject to a managers commission.

This means that as long as the artist is with the same label or music publisher as the one the manager helped to arrange, the artist will have the obligation to continue to pay the manager. Many successful artists, such as Bruce Springsteen, Billy Joel and Bob Dylan, have been with same the record company for decades. For example, Bob Dylan signed with Columbia Records in 1961 and is still with that label!

The artist will want to negotiate a sunset clause. And its just like it sounds. Basically. sunset clauses specify that even if the artist is making money from a contract originally entered into during the term of the agreement, the manager will not receive a commission after the termination of the agreement. Or at the very least, receive less than his full commission.

Here is a typical sunset clause:

Following the commission term, artist shall pay managers commission with respect to artists gross earnings, as and when collected, derived from term products, term services and pre-term products as follows:

Post-Term Years Consultants Commission

1 12.5%

3-4 2.5%

5+ 0%

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Where Can I Study Music Management

  • University of Southern California. 4 Year. Los Angeles, CA.
  • University of Georgia. 4 Year. Athens, GA.
  • Syracuse University. 4 Year. Syracuse, NY.
  • DePauw University. 4 Year. Greencastle, IN.
  • Drexel University. 4 Year. Philadelphia, PA.
  • University of the Pacific. 4 Year.
  • DePaul University. 4 Year.
  • Ohio Northern University. 4 Year.

The Six Types Of Managers Music Artist Should Know About

How Much Do Music Managers Make

I researched and discovered six types of managers that you, as a music artist, should know about.

  • Make sure you dont get too caught up in the titles because some of the skills and tasks each manager have overlap with each other.

Also while it certainly makes your life a lot easier, it is not necessary to hire any of them, except maybe the artist manager. Today I see more and more bands that are DIY-ing almost everything and others interacting with just one or two managers.

That said here are the six types of managers you should know about:

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Make Sure You Keep Things Official

If you decide to hire a friend as your manager, you need to remember that this is now a business arrangement. There should be no more verbal contracts you need to get every business-related decision down in writing. Keep paperwork, have deadlines, and set goals. If they arent pulling their weight and are taking advantage of your friendship, find a new manager.

Can An Artist Have Two Managers The 6 Types To Know About

Are you looking to hire a second music manager or are you just curious to find out how the music business operates? Then this article is for you!

After I saw that there was not enough information available, I decided to do my own research to discover if an artist can have two managers. This is what I found:

Yes, an Artist can have two or more managers at the same time. These are the six common Music manager types an Artist should know about:

  • Music artist managers
  • Production managers
  • Road managers
  • I bet you did not expect that so many music managers existed, right? Dont worry because Ive got you covered. Together we will explore what each manager does.

    Grab a cup of your fav. beverage, and lets begin!

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    How Much Does The Artist Need To Make For The Manager To Earn A Living

    Lets say you want to replace your full- time income from your day job. Lets say your day job is paying you $50,000, which is the average salary in North America. At 20% GROSS of everything an artist makes , your artist needs to be earning $250,000 per year, every single year. Or you need 2 artists that are earning $125,000 each per year. Or 3 artists earning over $80,000 each per year. And so on. The thing is, if youre managing 3 artists youre likely at your max for work load. Most managers can only directly manage up to 3 artists unless they have a strong team behind them, who are doing most of the work.

    So, $50,000 wont be cutting it for 3 artists, as youll likely have tons of expenses yourself and will need to hire assistance. Plus, if your agreement is any less than 20%, and theres a strong chance it might be in some areas, than your artist needs to be making significantly more than that, or you need to have other sources of income aside from management even after you quit your day job.

    The Music Business Manager

    Ep. 17 – How Do Managers Get Paid?

    If youre on a budget, ask your artist manager to cover the business side of things. This is not an uncommon request and something that I advise early on so that you can cut expenses.

    However, make sure that your Artist Manager has the appropriate skills such as marketing, accounting and advertising skills. If he doesnt possess these skills, then it might be time for you to seriously start thinking about hiring a real music business manager.

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    What The Pay Is Like

    Managers are generally paid a percentage of the band’s income: often 15% to 20%. In addition to their percentage, managers should not have to cover any expenses out of their pocket.

    There are some things a manager should NOT get a cutoff these include songwriting royalties – in my opinion. You should be aware that there are many different kinds of management deals out there, and the changing face of the music industry has meant a change in management deals. Essentially, the way musicians make their money is in flux, and since the income of the musicians is directly tied to the income of the managers, managers need to make sure they can tap into the new sources of money.

    Any deal between musicians and managers should be negotiated up front and revisited when significant events occur that could drastically increase or decrease the band’s income.

    The Main Task Of A Production Manager

    A Production Manager makes sure that the artists/bands show moves according to plan. A Production Manager often works together with the Tour Manager, and often their roles may overlap. Also, the Production Manager supervises the production of the show, including renting and managing lighting and video equipment.

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    Wait That Sounds Weird Can The In Perpetuity Clause Be Edited Or Left Out

    To counter this long period of time in which the manager would otherwise be entitled to payments, you may want to negotiate your commission payments so that they aren’t continued too long after the agreement is over. An example of one of many possibilities here may be that the manager would be entitled to full commission on the first album, half of the otherwise commissionable percentage on the second album , and no commission for the third and fourth albums. Language specifying this arrangement would have to be included in the agreement.

    It would be ideal to include another provision in the agreement where post-term commissions do not last in perpetuity and the commissions get lowered, like a sunset, over time to where they eventually disappear. For example, during the first year after the term, the rate is 75 percent of the commissionable rate during the second year after the term, the rate is 50 percent during the third year, 25 percent and in the fourth year and beyond, there are no further commissions paid to the former manager. As you can see, this area of the agreement needs to be well thought out, as there are many variations here to be explored and properly addressed, particularly with your attorney.

    How To Become A Music Manager To Musicians Or Producers How much does your fund manager earn?

    The artistic side of the music industry tends to get most of the attention.

    But without the people working behind the scenes, some of the success stories youve become familiar with may have never happened.

    And, even though some of these people may not be in the limelight, many of them have rewarding and lucrative careers.

    If you thought all the money was in being an artist, you might be surprised. Most of the time, its the people handling the business end that make the most money. After all, its not unusual for labels to keep 80 to 90% of an artists gross revenue.

    Getting a job in the music industry also allows you to be a part of the industry without having to be artistically inclined or talented. If you dont play an instrument or write songs but want to be a part of the industrys energy, you can still get your foot in the door.

    Regardless of why youre thinking about becoming a manager, here are the steps you need to take to get there.

    But first, if it’s your aim to do music professionally, you’ll want to check out our free ebook while it’s still available:

    Free eBook: Discover how real independent musicians like you are making $4,077 – $22,573+ monthly via Youtube, let me know where to send the details:

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    Why I Made This Guide

    Ever since Ive begun my research, I have followed the steps and am now successfully earning music royalties from multiple sources including Spotify, YouTube, Film Music, and Live Performances! Now its your turn, I created this guide so that you can be knowledgable of not only how to collect your royalties, but also understand what percentages are fair so that you get paid what you are worth.

    Music Managers For Established Bands

    If your band is already successful, with record deals and a large fan base, then the structure of your music management team may change. As with an intermediate band, you may also have a booking agent. Though, this may be separate from the music manager position.

    When you have a booking agent and a music manager, their earnings may be determined separately. For example, your booking agent may take between 10 and 15 percent of your earnings while your music manager earns a similar percentage.

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    Who Makes A Good Music Manager

    There is no exact description encapsulating who will be a great Music Manager. Some of the most successful in the music industry are quiet, friendly, and they always stay in the background, allowing their clients to shine, while others like to make a name for themselves, becoming brands as well-known and powerful as those they work for. .

    First and foremost, a great Music Manager must love and believe in their clients and their work. Its hard to put in the time and effort necessary to be fantastic if the person or the product isnt any good. They must go out into the world convinced they have a star with the ability to craft smashes on their hands.

    Great Music Managers must not only love the art but the music industry itself. They must be passionate about music, but also the business, and they must spend a huge amount of time following leaders, publications, conferences, and so on that focus solely on the industry. They should understand how it all works, or at least be in the process of learning.

    When it comes to personal qualities, the best Music Managers are typically outgoing, as a lot of the job requires them to speak to people and meet with them. They must be friendly, but professional, and memorable. A Music Manager has to be someone who everybody wants around because thats how they get a lot of work done.

    Wait So What Is A Publisher

    Product Manager Salary at Google Facebook Amazon HubSpot and Startups

    A publisher is simply the person or entity who is in control of the Songwriting Copyright. Successful artists have publishing companies who through contract obtain control over their musical compositions. In exchange, the publisher finds opportunities for a song to earn income for both the artist and the publisher via the terms of their contract. If you are an independent songwriter and dont have a publishing company, you are in charge of your own music publishing and can collect publishing royalties yourself! More on that later.

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    Working With A Music Management Company

    In some situations, you may find yourself working with a music management company, instead of an individual band manager. These companies may work with a new band and start with a lower percentage. They could ask for between 10 to 15 percent of your earnings and then add a clause to the contract increasing this amount as your band becomes more successful.

    Knowledge And Skills Requirements

    An artist manager must be an expert on the ins and outs of the music business. Good artist managers do everything they can to make their clients successful. They possess excellent communication and interpersonal skills, public relations skills, marketing and advertising skills, negotiation skills, leadership skills and basic computer skills. Artist managers must be friendly, independent, aggressive, and has the ability to work as part of a team.

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    Frequently Asked Questions About A Music Manager Salaries

    The national average salary for a Music Manager is $62,713 per year in United States. Filter by location to see a Music Manager salaries in your area. Salaries estimates are based on 33 salaries submitted anonymously to Glassdoor by a Music Manager employees.

    The highest salary for a Music Manager in United States is $113,844 per year.

    The lowest salary for a Music Manager in United States is $34,546 per year.

    It Is Crucial For The Artist That This Definition Is Revised So That Gross Earnings Excludes Certain Forms Of Income That The Artist Needs To Spend In Furthering His Or Her Career

    Music Producer Salary

    For instance, if a recording agreement provides that a label will pay an advance of $50,000, most of that money may be used for recording costs, such as payments for studio time, producers, side musicians and mixing. If the payout to those third parties amounts to $40,000, and managers commission is 20%, the managers take would be $8,000 and the artist would only receive $2,000. Moreover, the artist would still be responsible for paying taxes, and all his other expenses such as the accountant, attorney, vocal coach, etc.

    Similarly, if the artist is unsigned and paying for the costs of touring, theres a real danger. Unless the management agreement is carefully negotiated, the artist could easily end up being left with little, nothing on even owing the manager money. For instance, if the artists makes a total of $15,000 playing live gigs on a tour, the expenses such as a tour bus, gas, hotel, etc. could end up costing $12,000. The managers commission would be 20% of $15,000 or $3,000, leaving the artist with exactly nothing.

    The bottom line is that all reasonable expenses have to be spelled out in the agreement and deducted from Gross Earnings. That includes production costs like videos as well as records, touring costs including light and sound expenses as well as travel and accommodations.

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