Tag: grants

Does organizational membership matter?

Posted on 5th September, by Kristin Thomson in What We're Learning. 1 Comment

At first look, musicians and composers seem like a disorganized bunch. On an individual level, there are no qualifying exams or prerequisites that certify a musician’s level of “professionalism”. On a group level, there is no one organization that represents their collective interests. But scratch below the surface, and different structures become immediately apparent. In addition to record labels, booking agents, managers and other teammates on which musicians rely, musicians and songwriters can align with a vast array of music-related organizations that serve a number of purposes.

As musicians ourselves, we have a sense that membership in these organizations matters, but in what ways? Do musicians that belong to certain organizations participate in more revenue streams? Do they make more money because of these allegiances? Or is the inverse true; do particular types of work make it possible and/or necessary for musicians to join certain organizations? This data memo outlines the general benefits of membership in music-related organizations, then examines the qualitative and quantitative data related to organizational membership and revenue.

Jazz Musicians and Money from Music

Posted on 13th June, by Jean Cook in What We're Learning. 4 Comments

This data memo presents a snapshot of nearly 900 jazz musicians who participated in the Money from Music Survey in 2011, the first comprehensive assessment of jazz musicians in the US since “Changing the Beat.” After presenting basic demographic information, this memo provides data about jazz musician’s experience, income, and feelings about technology, and also compares the jazz population to survey takers from other genres. This memo also takes a closer look at the differences between jazz musicians who are members of the American Federation of Musicians (AFM) and those who are not, and the relationship that AFM membership has with income.

ReThink: Teams, Time Allocation and Technology

Posted on 26th April, by Kristin Thomson in What We're Learning. 1 Comment

On Tuesday, April 24, 2012, Artist Revenue Streams co-director Kristin Thomson took part in the ReThink Music Conference in Boston, MA. She was joined onstage by musician and Berkman Fellow Erin McKeown. Drawing upon Money from Music survey findings and artist interviews, she presented some findings about musicians’ teams, time allocation and technology.

Case Study: Jazz Bandleader-Composer

Posted on 15th March, by Jean Cook in Financial Case Studies, Participant Data. 6 Comments

Like many entrepreneurial small businesses, his net income fluctuates widely from year to year. Anecdotally, his gross income appears to roughly track with the growth of his reputation during this period.

When looking at his gross income, we see that live performance as a leader makes up 77.8% of his income. In addition to his work as a leader, he also earns a steady income each year as a composer, sideman, and teacher.

When looking at his net v gross, Jazz Bandleader’s expenses are high – 80% of his income goes to pay touring expenses, sidemen, managers fees and other expenses. But he is still profits from touring. His net recording income fluctuates from year to year. Some years he loses money on recording. From 2006-2011 he nets a modest recording income.

Examining the artist’s gross income by role reinforces that his recording money fluctuates depending on what years he receives record advances. We also see that roughly 8% of his income is initiated by someone other than the Jazz Bandleader or his team.

Looking at gross income by territory, we see that he is dependent on non US markets for about 44% of his performance income.

We see a similar trend in his PRO Royalties breakdown by territory, that non-US royalties are a significant portion of his PRO royalty income. When looking at his income by album, we see that his compositions continue to earn money for years after the records are released.

Case Study: Jazz Sideman-Bandleader

Posted on 15th March, by Jean Cook in Financial Case Studies, Participant Data. 2 Comments

In addition to his sideman work, his income also comes from his work as a bandleader, composer, administrator, and teacher. Like many freelancers, his income fluctuates from year to year. Anecdotally, his gross income appears to roughly track with the growth of his reputation during this period.

We look at the income and expenses for this individual, where we learn that his teaching, admin work and sideman work makes up 70% of his income from 2004-2010, effectively subsidize his work as a bandleader as he establishes himself.

We look at his relationships as a sideman with different bandleaders over time and see 55% of his income and activity comes from two bandleaders, but he also takes on work with 81 different ensembles. He needs all of these gigs to survive. Not just from an economic perspective, but also because these other gigs help him network, keep his skills sharp, and to maintain his position in the competitive marketplace for sidemen.

We examine his per-gig sideman wages by territory and see that there is a marked difference between the income he receives outside the US and in the USA. On average over eight years, Jazz Sideman-Bandleader’s sideman rate when traveling outside the US is approximately three times greater than what he makes in the US.

We analyze his foundation grant income and see that while this money is a large chunk of his gross income, the net take home is very small – 1%. This appears to be typical for bandleaders, that the vast majority of income for recording and touring goes to pay for expenses.

We begin to explore the complex balance he maintains between financial risk, creative fulfillment, and available time.

MIDEM: Bands, Brands and Revenue

Posted on 31st January, by Kristin Thomson in What We're Learning. 7 Comments

On Monday, January 30, 2012, FMC’s Kristin Thomson participated in Visionary Monday at the annual MIDEM conference in Cannes, France. Drawing upon data from both Money from Music survey findings and artist interviews, we explained the changing relationship between artists, brands and earnings.