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MBU 1110 Test 4 questions with complete solutions

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MBU 1110 Test 4 questions with complete solutions

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MBU 1110 Test 4 questions with
complete solutions

Personal Manager Roles - CORRECT ANSWER ✔✔-Helps with major career decisions: record
company choice, publishing deals, how much to ask for

-Helps with creative process: producer choice, which songs to record, hiring band members,
selecting photographers

-Advances artists' career

-Assembling lawyers, agents, business managers

-Coordinates tours

-Gets your projects to be the priority at the record company

-Buffer between artist and outside world



Licenses needed - CORRECT ANSWER ✔✔-In CA, NY, NJ, FL for agents

-Not needed for agents in other states

-Not needed for managers



Finding a manager - CORRECT ANSWER ✔✔Live Nation companies manage over 500 artists with
140+ artist managers

-Roc Nation

-Vector

-Phillymack

-24 artist

-Blueprint artist

-Spalding

-Mick asrtists

, -Three Six Zero



Other ways to find a manager - CORRECT ANSWER ✔✔-Published lists: Pollstar, Music Row
Magazine, Music Connection, RecordXpress

-Trade magazines

-Album notes

-Recomendations



Narrowing down a manager - CORRECT ANSWER ✔✔-Ask for references

-Consult lawyer and others involved

-Be sure you hire the person that will do the job

-What are their fees?



Manager Skills Needed - CORRECT ANSWER ✔✔-Business and Legal Skills: accounting and
finance

-People person

-Reasonable ego

-Perceptive and Creative

-Organized



Power of Attorney - CORRECT ANSWER ✔✔A legal document that authorizes one person (the
manager) to act on behalf of another person (the artist). Usually authorizes the manager to sign
the artist's name to agreements.



Durable POA - CORRECT ANSWER ✔✔POA effective upon the principal's becoming incompetent
or unable to manage his affairs

-elderly

-not recommended in business

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