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Music Scholarship Program Works To Lower Costs Of Recording In Star Driven Music Community
Investments in the entertainment industry topped 3 trillion dollars in the past five years despite the recession. Nashville’s burning hot music business is creating more financial success than ever. Investors are pouring money into "indie" artists
“There are 4 super scholarship programs that help reduce the cost of recording here in Nashville, if you have a management company, label and producer that can help guide you through that process,” Mr. Metzgar said after celebrating superstar Native American artist, Victoria Blackie’s sweep of the ISMU awards recently. Metzgar’
The cost of recording “quality” music projects has gone through the roof in the past ten years. SunTrust Bank (Nashville’s largest music banker) recently estimated the average cost of recording a master scale album in Nashville at $17,500 per song or approximately $175,000 for a 10-12 song master. A “limited pressing” album now runs between $35-45,000 based on the genre of music and the average demo album costs about $25,000 for ten songs. www.capitolmanagement.com
Our management company helps reduce those costs by using innovative ways to record a project and taking the brutal costs out of the artist having to do it all by themselves. There are several scholarship programs that can help defray the astronomical costs of recording if your producer is signatory to the scholarship agreements. However, an artist must meet very critical & specific guidelines that are laid out in those agreements. Here are those programs listed below:
1. Leasing existing original tracks from a management company and working with original tracks that have already been paid for allows an artist to record 10-12 songs for around $7500.00
2. Sharing the publishing on original songs with the management company allows the artist to reduce his total costs by 25-30 percent.
3. Pre sales of Fan Club memberships, product and a written agreement with charter members of an artist’s Fan Club will help raise all the money an artist needs to record their music project
4. Finding an investor that will take a mechanical lien on the copyrights of the artist’s original music which are now good for 140 years under the new Federal Copyrights which protect a song for the life of the author plus 70 years.
The complete details of these plans are outlined in the free book, The Artist Survival Manual which can be downloaded completely free of charge online at www.artistsurvivalmanual.com The use of innovative new programs by very successful artists has paved the way for many great success stories like the band Hollow Council.
Here is a band that saw the value of pre-selling their product to their fans ahead of time online and they packaged the product with a T-Shirt, Fan Club membership and sold it all for $40.00 per package. The fans that got involved and did the charter Fan Club membership purchase not only got recognized by the band as the original charter members but got the very first copies of the album project when it was completed and manufactured. Today the band has just finished playing the world’s largest music venue at Sturgis where they headlined their own event for the entire week. Hollow Council had the only AAA rock single, “Time For Change” stay at #1 for 54 weeks in a row.
Examine the fact that the majors spend in excess of $1.25 million dollars on a new artist just ramping them up for their first initial release and a 3 year deal at the majors now encompasses a total of $10 million dollars in label funding with no guarantees. An artist like Faith Hill or Taylor Swift will spend in excess of $500,000 just in production costs on a single 10-12 song album project. Their promotion budget alone is in excess of $5 million dollars if they are going to compete with the American Idol winners who have at least a hundred million dollars in television coverage and financial backing.
Being a star today is not cheap. For every dollar you spend in production, it takes a hundred dollars in promotion to just get the music you’ve recorded recognized. Anyone can get involved in music with a few thousand dollars. But it takes millions of dollars in promotion to get involved in the music business side of the industry. For further tips and ideas on cutting the enormous costs of recording down to size, speak with a manager at one of Nashville’s most prestigious management companies below:
Capitol Management Group
330 Franklin Road
Brentwood, TN 37027-3282
800-767-4984 (toll free)
*To contact Mr. Metzgar directly, send an email to robertmetzgar@
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Platinum Plus Records has been producing prestigious award winning music projects in Nashville for the past 40 years. Before you record with anyone else, check with our company first toll free at 800-767-4984
Page Updated Last on: Sep 22, 2010