Case Study: Contemporary Chamber Ensemble
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1997 – present
TIME SPENT ON MUSIC
INCOME DERIVED FROM MUSIC
The following is the breakdown of 2002–2010 revenue for a Contemporary Chamber Ensemble, which performs classical, contemporary and crossover jazz works, and records and tours internationally. The ensemble primarily performs and records works that were written by other composers. Sometimes they commission composers to write specific pieces for the ensemble, while other times ensemble members will arrange works for the group to play. When the ensemble tours they typically play concert halls, museums, churches, music festivals and universities in the US and around the world. They often add a special educational performance for young audiences or schools or special coaching for student ensembles to a concert date, and have developed an educational curriculum. The ensemble has released six records, and the members have also recorded occasionally as guest artists on other artists’ records. All of the members have formal conservatory training. Their team includes a manager who also books their tours for them and a freelance publicist, and they have a multi-year relationship with an independent record label. The ensemble is an LLC business partnership.
This case study focuses on the income and the expenses of the ensemble, as opposed to the financial picture of its individual members. While each member benefits equally from the ensemble’s work via profit sharing, individuals may be supplementing their ensemble income with teaching or session work.
This case study includes:
- Summary of Key Findings
- Gross Revenue Time Series, 2002-2010
- Income v Expenses Analysis
- Reflections on The Classical Music Market
- Revenue Pies for 2002-2010, detailing gross income for each year