SMB FINAL EXAM-QUESTIONS & ANSWERS
VERIFIED 100% CORRECT
- in charge of tour
- supervises transportation, booking hotels, hiring crew, collecting money, dealing w/
promotes, putting out fires, etc
Personal Manager
-works w/personal manager to book the tour
- Itenerary (tour routing), Image (openers, venues, etc.), radio promotion, when to put
tickets on sale, pricing of tickets, deposits
Agent
- all financial decisions, putting everyone on payroll, collecting performance fees, deals with
taxes
- position of trust
- should be hired by only the artist not the artists and anyone else
Business Manager
- makes sure everything runs as smooth as possible
- hotel & airline reservartions, physically collects money after each show
tour manager
- book the hall (venue) (they owe rent even if no one shows up)
- pay for advertising, supervise running of the show
- Live Nation and AEG are international promoters
, promoters
- visibility and online presence
marketing
Concept that an artist can only have 1 personal manager
exclusivity
Post-term commissions after management contract is over
Sunset-clause
What % commissions each team member receives
- Personal Manager: 15-20%
- Business Manager: 5%
- Booking Agents: 10%
Key person in contract
key man clause
This person has authority to sign contracts for artist
power of attorney
The section of the booking contract that gives specific artist requirements (food, lights,
sound, etc.)
Rider
Two clients on opposite sides. 1 lawyer
VERIFIED 100% CORRECT
- in charge of tour
- supervises transportation, booking hotels, hiring crew, collecting money, dealing w/
promotes, putting out fires, etc
Personal Manager
-works w/personal manager to book the tour
- Itenerary (tour routing), Image (openers, venues, etc.), radio promotion, when to put
tickets on sale, pricing of tickets, deposits
Agent
- all financial decisions, putting everyone on payroll, collecting performance fees, deals with
taxes
- position of trust
- should be hired by only the artist not the artists and anyone else
Business Manager
- makes sure everything runs as smooth as possible
- hotel & airline reservartions, physically collects money after each show
tour manager
- book the hall (venue) (they owe rent even if no one shows up)
- pay for advertising, supervise running of the show
- Live Nation and AEG are international promoters
, promoters
- visibility and online presence
marketing
Concept that an artist can only have 1 personal manager
exclusivity
Post-term commissions after management contract is over
Sunset-clause
What % commissions each team member receives
- Personal Manager: 15-20%
- Business Manager: 5%
- Booking Agents: 10%
Key person in contract
key man clause
This person has authority to sign contracts for artist
power of attorney
The section of the booking contract that gives specific artist requirements (food, lights,
sound, etc.)
Rider
Two clients on opposite sides. 1 lawyer
