When should a band become an LLC? What can musicians write off? How can creatives safeguard against an audit? We answer these questions and more with accountants who work with artists. Guests: Emily Kingan / Jordan Michael Iannucci and Hunter Giles (Infinite Aggregate).
We talked to so many remarkable people this year, so we’re looking back on some of our favorite interviews of 2017. Including: Jack Stratton (Vulfpeck), Greg Kot and Jim DeRogatis (Sound Opinions), Greg Saunier (Deerhoof).
2010 was arguably one of the hardest years for the music industry, but that didn’t stop manager and publicist Jessi Frick from starting an independent record label with her father, Ken Hector. Since then, Father/Daughter has released acclaimed albums by Pure Bathing Culture, Diet Cig, Vagabon, Nnamdi Ogbonnaya, and more. The label has also gained a reputation for being fiercely artist-friendly. Jessi joins us to talk shop and we hear from Shamir Bailey, who just released ‘Revelations’ through the label.
What does it mean when an artist or label calls itself independent? Instead of defining independence as “not major,” this episode discusses what independence in music really means. Portia travels to Australia for an Indie-Con panel with Matthew Rogers (UNFD/WIN Council Member), Sebastian Chase (MGM), Chris Maund (Mushroom Group of Labels), Merida Sussex (Stolen Recordings), and Guy Blackman (Chapter Music). Then, she speaks with A2IM CEO Richard Burgess about his recent Billboard article responding to their definition of “Indie Power Players.”
The music industry is constantly changing, so today we shine a light on a few important topics developing in the business. First we discuss the recent YouTube “adpocalypse” and how it affects artists’ revenues with Gray Gannaway of Quarterlab Consultancy. Then we hear from Mike Huppe, President of SoundExchange about their recent acquisition of CMRRA (Canadian Musical Reproduction Rights Agency). Finally, The Recording Academy’s Daryl Friedman gives us an update on what’s happening with issues and legislation that affects musicians, like the Fair Play, Fair Pay Act.
Most indie label owners didn’t go to business school, and never thought they’d be getting interest from venture capitalists. What are the steps they can take to grow their business smartly using investment tools? This live discussion from A2IM’s Indie Week focuses on the fundamentals of investing – the basics, the intricacies, the best partnerships, and the pitfalls. When should you look for investors? What should you be aware of when an investor approaches you? Do you understand the difference between debt, and equity financing? We cover the importance of realistically valuing your catalog, how that impacts the investment itself, and what these deal structures look like. This panel will help your company prepare for growth, as you (prudently) consider partnerships, and allies to find the right fit at the right time. Panelists include Jason Peterson (GoDigital Media Group), Nari Matsuura (Massarsky Consulting), and Mathew Carvajal (JP Morgan).