...the art recording and music equipment in order to maintain a competitive edge and stand our ground. Efforts to contact various entertainment agencies will be made, for them to record using our studios and equipment, and quite possibly send their talents for voice training at our premises. An intimate partnership can be formed with profits to be made on both sides. Competitive edge Audiobeats will employ a two-pronged competitive edge. The first edge prong is having low overhead. Resources will be concentrated mostly on state of the art recoding music and recording equipment, and voice training programs and trainers. A significant amount would also be allocated to establish connections with established entertainment agencies. Advertising would also be one of our priorities, as we need to advertise our good recording studios and equipment. This would be more cost effective compared to conducting R&D of our own. For office work wise, space and resources allocated will be kept at it’s minimum. Audiobeats will also use our other competitive edge prong by retaining a low talent count. Although we offer “Voice Talent Services”, the other services we provide, namely: “Voice Over recordings”, “Music Recording & Production”, and “Facilities with recording equipment” – all these would require good equipment, studios and environment like for example soundproof studios and walls. To maximize output, scouts can be employed when people come in to use our recording services...
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...industry and oversees the recordings of an artist's music. A producer has many other roles as well like gathering ideas for the project, choosing songs and artists to include in it, and controlling and supervising the process through audio mixing and mastering. Many producers also take on responsibility for the budget, schedules, contracts, and negotiations. There are two kinds of producers, each with different roles: executive producer and music producer. Executive producers oversee the budget and spending while music producers oversee the creation of the music itself. In lots of cases the music producer is also the musician or songwriter. Not only does a producer look over songwriting and necessary adjustments, but often gives suggestions to the mixing engineer too. The mixing engineer takes the recorded music and edits it with hardware to create a stereo type of mix. The mix includes all the individual voices and instruments then given further editing by a mastering engineer. The new generation of independent producers began forming their own record production companies, and in many cases they also established their own recording labels, signing deals that enabled the recordings they produced to be manufactured and distributed by a major record company. This usually took the form of a lease deal, in which the production company leased the usage rights to the original recording to a major label, who would press, distribute and promote the recording as their own, in return for...
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...CONTRACT LAW KENNETH D ROBINSON JR BUSINESS LAW 311 GARY GENTRY 9 JUNE 2014 Abstract A Body of law that governs oral and written agreements associated with exchange of goods and services, money, and properties is recognized as contract law. Contract law includes topics such as the nature of contractual obligations, limitation of actions, freedom of contract, privity of contract, termination of contract, and covers also agency relationships, commercial paper, and contracts of employment. Contract law is one of the many different aspects of business law and must be understood in the world of law. From valid contracts, to voidable, enforceable and unenforceable contracts they must all be understood and taken into account. If you were starting a business you would first need to know what contract law is, its history and why is in important in the world today. CONTRACT LAW Over the last several of weeks since announcing it was banning Los Angeles Clippers owner Donald Sterling for life, The NBA has had hopes of getting approval from the league's owners to force him to sell the team, little has been known of the NBA's exact legal strategy. While the league's constitution, publicly revealed for the first time by the league last Tuesday, made it clear that grounds exist to remove an owner if that owner "fail(s) or refuse(s) to fulfill its contractual obligations to the Association," it remained unclear what contracts Sterling might have violated when he made...
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...factors: competitive economic circumstances, up-and-coming local musical talent in conjunction with the independent labels and studio owners, and the commercially viable musical interest and curiosity of consumers in these local artists. An article poses another causative factor that makes sense: when rock and roll was a new genre, major labels such as Columbia, Capitol, and RCA were “reluctant to sign these acts; thus, sprung forth the independent label” (Jacobs). Grassroots production and engineering enthusiasts were given an in-road into the music industry and were able to gain their own clients in independent local artists. Independent label owners in connection with this local talent generate publicity and profit. One such example is found with the duo of Polish immigrant brothers named Leonard and Phil Chess, also known as the Blues Brothers. The Chess brothers bought sole ownership of Aristocrat Records in 1950, and change its name to Chess Records. Leonard specialized as the hands-on producer for the label, while Phil focused on finances and marketing. They found a signature sound in the electric guitar of Muddy Waters. Besides Muddy Watters, their rostser included Chuck Berry, Bo Diddley, Willie Nixon, Etta James, Little Walter, Billie Stewart, and Howlin’ Wolf.’ Chapter Three of the History of Music Production Binder states: Chess Records flourished in those early days of both Rhythm and Blues and...
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...“Why is accounting for construction contracts and for leases often perceived to be contentious, difficult and a source of opportunity for the manipulation of financial statements. To what extent do IAS 11 and IAS 17 resolve these issues? What can you tell us about any anticipated changes to International Accounting Standards in respect of construction contracts and leases and about how such changes may impact upon Brick to Brick PLC?” In order to explore the reasons companies distort their financial statements, we would first need to understand the importance of financial statements and why the utmost care needs to be observed when preparing them. Financial statements are official records of the financial activities and position of a business or other entities. These statements should be presented at the end of each financial year by the board of directors in a structured manner and should be easy to understand as the statements will be incremental to decision making. Statement of Financial position and Income statements are examples of financial statements. Having accurate statements serves to signal future performance by indicating how the firm might perform over the next financial year. It also helps to monitor budgets, revealing how much wiggle room the company has so they don’t end up making losses and most importantly, financial statements are released to the general public especially potential investors and shareholders. Often, preparers of these statements distort...
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...that can entertain masses of people. The important thing an artist has to offer is their intellectual property. So a music studios major function is to protect it as much as possible. An artist is purchasing a service that is going to help promote their image. A studio is making a final product for them to show the world. In reality a music studio is in the business to protect the intellectual property of these individuals. This paper will discuss a business opportunity and its obligations to protect itself as well as the people who purchase services from the business. Secondly, discuss the legal procedures to protect the business. Thirdly, depict some examples as to how those measures may not be sufficient enough to protect the intellectual property of individuals. A group of investors is interested in starting a music recording studio. This particular business will specialize in helping artists who struggle with getting their music recorded. The intellectual property associated with this start up is the works recorded within the studio walls. Every song has three copyrights that protect it from it being the property of another company. The first copyright pertains to the lyrics of the song. All parties that helped in writing the song need acknowledgement. The second copyright goes to the music used for the song. All samples need to be stated and asked for permission to use that sample. The third copyright is the recorded version of the song. This copyright holds the first...
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...Recording Agreements (Part 1) By: Chris Taylor, B.A., LL.B. The views and opinions expressed in this article are not meant to substitute for legal advice which should be sought in each particular instance. Introduction This article is the first of a two-part article reviewing the major terms found in a typical Canadian Major Record Company recording contract. Of course, individual circumstances can vary widely depending on the bargaining power of the artist. Major Record Company When we use the term "Major Record Company" ("MRC") we mean one of the following companies in Canada: Warner Bros., Universal, BMG, EM! and Sony. Several other record companies in Canada including Jive, Aquarius, and Nettwerk can, on occasion, make competitive offers against MRCis. Smaller record companies may be more flexible on the length of term and creative control issues whereas MRCis are often stronger in the financial guarantees of artist advances, recording funds, video budgets, tour support, etc. All of these terms are discussed below. Term Every recording agreement should explicitly outline how long the contract is for. Typically, the term is tied to a delivery commitment for a particular number of albums. In most instances a Major Recording Company will attempt to tie up the artist for as many albums as possible with the maximum being up to 8. albums. The artist (or their representatives) should attempt to reduce this requirement to as few albums as possible (3 to 6). The MRC will commit...
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...University of Phoenix BUS 415 CC08BAM08 Hedy Zhang December 02, 2008 Introduction BUG, Inc., a company based in Los Angeles, California, invented an electronic recording device, which can intercept and record sounds and voices through the walls of a house, using a remote microphone. The company designs, manufactures, and sells these devices exclusively to state and federal law enforcement in various plants throughout the United States, Canada, and other foreign countries. BUG being the owner of this intellectual property will require legal protection from unauthorized user, identify any international conflict of law issues that could affect the normal day to day operation of the company, and identify torts that Officer Sally may pursue against BUG Company and types of damages she can request. Legal Protection of Intellectual Property The definition of intellectual property is any invention, innovation, or discovery such as copyrights, patent, and trademark. For examples, a book or article of an author’s is a copyright with a unique logo or a soft drink design which represent a company and its products. Another example would be a website design. Physical properties is not the basis for intellectual property but the ownership and the rights to manufacture, use as well as to promote an idea which is consider a priceless benefit. Three types of legal protection that are essential to protect intellectual property are identified as trademark, patent, and copyright...
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...| SUMMARY OF MAJOR CHANGES TO | |DFAS-IN REGULATION 37-1, CHAPTER 8 | |“OBLIGATION MANAGEMENT” | | | |All changes are denoted by blue font | | | |Substantive revisions are denoted by a ( preceding the section, | |paragraph, table or figure that includes the revision | | | |Hyperlinks are denoted by underlined, bold, italic, blue font | |PARA |EXPLANATION OF CHANGE/REVISION...
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...Managing Workforce Flow (38:533:533) SYLLABUS Spring 2013 (Subject to Change as Needed) Instructor: Jean Phillips Office: 212 Janice H. Levin Building E-mail: jeanp@rci.rutgers.edu (this is the best way to reach me) Phone: 445-5825 Office Hours: By appointment Overview This course focuses on the effective management of the flow of talent into and through organizations. I give particular attention to the impact of business strategy, internal and external labor markets, recruiting, selection, and person-job and person-organization match on staffing practices. We will cover human resource planning, layoffs, career transitions, and other workforce movement. An important goal of the class will be to provide opportunities to develop hands-on skills that are relevant to effectively managing talent flow. Thus, experiences focusing on the transfer of course material to real-world situations will be an integral part of the class. Required Materials Phillips, J.M. & Gully, S.M. (2011). Strategic Staffing (2nd ed.). Pearson/Prentice Hall. ISBN-10: 0136109748 ISBN-13: 978-0136109747 We will also be using Sakai for the course. Instructions are below. Please check Sakai for the most current syllabus and weekly assignments. Using Sakai 1. 2. 3. 4. 5. Go to: http://sakai.rutgers.edu Login using your Rutgers netid and password Click on the TAB “Managing Workforce Flow” If you do not see the TAB “Managing Workforce Flow”, contact me at jeanp@rci.rutgers.edu as you may not be on the roster. Click...
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...TOPIC: NEGOTIATING AND DRAFTING ENTERTAINMENT CONTRACTS AND THE EFFECTS OF PIRACY OCCASION: 26th Workshop, organised by LawQuest Ltd. PRESENTER: Francis Oseloka Nzekwu Esq. (Head of Legal Unit, National Film and Video Censors Board) VENUE: Alhaji Shehu Musa Yar’ Adua Center, Abuja, Nigeria DATE: 19th – 20th September, 2007 INTRODUCTION Entertainment law is primarily made up of contract law and intellectual property law, the industry covers mostly fields that offer entertainment as a primary product. Fields such as film, music, fine arts, dance, literary publishing, Broadcasting, sports etc. They all share a common interest of profiting from creative works or services provided by artists. Much of work of entertainment law practice is transaction based. Litigations often occur as a result of common and recurring mistakes that are made during negotiations and drafting. In the entertainment industry hundreds of legal relationships are created every day and having a sound knowledge of common issues in the industry is critical in negotiating a deal and drafting a good contract. CONTRACTS IN THE ENTERTAINMENT INDUSTRY Personal Service Agreement (PSA) Promoting a product or a service involves investing a lot of time and money, with the expectation of return on investment. The possibility that the product or service will not achieve the expected success or any success at all introduces a risk factor. A great majority of artists do not have the...
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...ACCOUNTING PROCEDURES AND RECORDING PROCEDURES IN THE EARLY ISLAMIC STATE OMAR ABDULLAH ZAID UNIVERSITY OF BAHRAIN ACCOUNTING HISTORIANS JOURNAL VOL 31, NO 2 Abstract: Despite advances in historical knowledge the precise origins of accounting systems and recording procedures remain uncertain. Recently discovered writings suggest that accounting has played a very important role in various sections of Muslim society since 624 A.D. This paper argues that the accounting systems and recording procedures practiced in Muslim society commenced before the invention of the Arabic numerals in response to religious requirements, especially zakat, a mandatory religious levy imposed on Muslims in the year 2 H. INTRODUCTION In an influential contribution Parker [2000] wrote that "the writing of accounting history is increasingly dominated by writers in English discussing private-sector accounting in English-speaking countries of the 19th and 20th centuries ... the scope of accounting history is much wider than this" [p. 66]. This paper seeks to further advance our increasing knowledge of the history of accounting outside English-speaking countries in periods earlier than the modern era. It also contests de Ste. Croix's claim [1981, p. 114] that "there seems to have been no really efficient method of accounting, by double or even single entry, before the thirteenth century". Analysis of medieval bookkeeping systems in Muslim society throws doubt on this assertion. The paper seeks to...
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...The far-reaching implications of a new revenue model Highlights Management should evaluate existing business practices under the new model, including how product or service offerings are bundled and priced, and begin assessing the need to negotiate revised contract terms. Industry-specific accounting guidance will be eliminated under the new model and “industry practice” will need to be re-evaluated. Estimates that are required to apply the new model will often require the use of greater judgment and may necessitate process or system changes. Companies should begin assessing the impact of the changes and the adequacy of their resources, systems, and processes to address the new requirements. on the future of revenue recognition Revenue, or the “top line,” is one of the most closely-monitored measures in financial statements. However, the accounting rules for revenue can be difficult to decipher. US revenue guidance today is a tangled web of special rules and exceptions created to address unique transactions, industries, and business models. The FASB and IASB are in the process of replacing this labyrinth of revenue guidance with a new global accounting standard that will apply a single set of principles to all revenue transactions, regardless of industry. Their proposed standard, issued in June 2010, received extensive feedback, which the boards have discussed at length during the first half of 2011. Now that they’ve completed their initial redeliberations and decided to...
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...2009 Segregation of Duties Checklist. We have developed this tool to assist organizations in identifying fraud risks due to a lack of segregation of duties. We appreciate this opportunity to provide guidance on segregating duties and recommended practices. We welcome the opportunity to discuss these concepts and our other fraud prevention services with your organization. When duties cannot be segregated, compensating controls should be considered. Compensating controls can be preventative, detective or monitoring controls that are executed by an independent, supervisory-level employee who does not have custody, record-keeping, authorization or reconciliation responsibilities for the process. In the checklist below, we have provided examples of several such compensating controls. Ideally, no individual employee should handle more than one of the above-noted functions in a process. When an organization separates these functions among its employees, it has implemented a strong internal control, which may deter and prevent employee fraud. Segregation of duties is one of the key concepts of internal controls. It is also one of the most effective internal controls in combating employee fraud. Segregation of duties contributes to an organization’s system of checks and balances. The concept of segregation of duties is to separate the following responsibilities in each business process: • Custody of assets • Record keeping • Authorization • Reconciliation Glenn Pomerantz Partner...
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...Over the past decade, the music industry has experienced extreme change due to digitization. Not only has it affected the way that music is recorded and produced, but it has also affected the entire business model of how music is promoted and distributed to the public, as well as how revenue is earned. Prior to the digital era, major labels were one of the primary distributors of music, and physical record sales were the one of industry’s main revenue sources. But when recordings were transformed to electronic format and free music sources such as illegal downloading and streaming evolved, this main revenue source was taken away. However, music digitization also opened many doors for artists, allowing them the tools and capabilities to promote and distribute their own work, as well as exposing their music to a wider audience. Digitization began to cause problems for major labels for two reasons – the first being that free music services such as peer-to-peer file sharing and music streaming caused a large decline in album sales. This revenue loss caused music industry professionals to seek revenue elsewhere, such as in concert sales. The second problem digitization caused for record labels was that artists no longer relied on labels for their music promotion and distribution, as they now had these tools at their own disposal. In the old business model, before the Internet and music digitization evolved, the primary way for music distribution was through a record label. But in...
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