MANAGING EXPECTATIONS - AN EXPLORATION INTO THE CHANGING ROLE AND VALUE OF THE MUSIC MANAGER - Music Managers Forum

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MANAGING EXPECTATIONS - AN EXPLORATION INTO THE CHANGING ROLE AND VALUE OF THE MUSIC MANAGER - Music Managers Forum
MANAGING
   MMF MANAGING EXPECTATIONS          P1

EXPECTATIONS
AN EXPLORATION INTO THE CHANGING
ROLE AND VALUE OF THE MUSIC MANAGER
MANAGING EXPECTATIONS - AN EXPLORATION INTO THE CHANGING ROLE AND VALUE OF THE MUSIC MANAGER - Music Managers Forum
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INTRODUCTION
                                         Back then, the initial focus was on making deals     It’s an incredibly exciting time, there is always
‘THE PAST,’ GOES THE FAMOUS QUOTE, ‘IS   and building a portfolio of businesses around        more to learn, and it feels at times like an
A FOREIGN COUNTRY: THEY DO THINGS        an artist. The industry revolved around physical     entirely new industry is being forged.
DIFFERENTLY THERE.’ CERTAINLY, WHEN I    distribution, and rights were mostly signed away
                                                                                              For that reason, I am hugely passionate about
                                         in return for upfront advances. Believe it or not,
FIRST STARTED IN MUSIC MANAGEMENT,                                                            my role as Chair of the MMF, and how our
                                         it was a more adversarial era.
THE DAY-TO-DAY REMIT WOULD BE                                                                 organisation is driving so much positive change
                                         BUT AT THE TURN OF THIS CENTURY, THINGS              and helping network and educate - whether
UNRECOGNISABLE TO THE ROLE I
                                                                                              that’s encouraging knowledge sharing through
PERFORM NOW.                             STARTED TO CHANGE. THE SAME DIGITAL
                                                                                              our Dissecting The Digital Dollar publications
                                         FORCES DISRUPTING THE RECORDED AND LIVE
                                                                                              and training courses, building new partnerships
                                         MUSIC SECTORS, WERE PUSHING ARTISTS AND              through our Associate Programme, or adopting
                                         SONGWRITERS TO THE FOREFRONT OF OUR                  a leadership role through our policy work in the
                                         BUSINESS.                                            UK and Europe.

                                         These changes have been in the main positive.        Fundamentally, rather than operating in
                                         The manager is in an utterly unique position         isolation, the MMF provides managers with
                                         in that they oversee their client’s business and     a living, breathing community. We are part of
                                         wellbeing, and must comprehend all facets of         something bigger. And only by working together
                                         their creative and commercial life: from touring     will we address the challenges presented in this
                                         and ticketing, to music publishing, recording        report.
                                         contracts and streaming, brand deals, A&R and        Paul Craig is Chair of the MMF and manages Biffy
                                         marketing.                                           Clyro at Nostromo Management.
                                         As this report “Managing Expectations” so            He has worked with acts including INXS, Kaiser
                                         brilliantly highlights, we are taking up an          Chiefs, Birdy, Bullet For My Valentine, Junior Senior,
                                         ever-increasing portfolio of work as the industry    Franz Ferdinand and Kevin Rowland. Paul was co-
                                         becomes more open and also more complex.             founder of SuperVision Management and formerly
                                         In reaction to that, management businesses are       SVP Artist Partnerships at Warner Music UK and
                                         evolving and taking alternate paths as well as       GM Atlantic Records UK.
                                         demanding more equitable treatment for those
                                         they represent. We’re increasingly investors too.

                                                                                                                                                            INTRODUCITON
                                         And as we’re putting more in, it’s no surprise
                                         that management deals are changing to
                                         reflect this.
PAUL CRAIG
CHAIR, MMF
MANAGING EXPECTATIONS - AN EXPLORATION INTO THE CHANGING ROLE AND VALUE OF THE MUSIC MANAGER - Music Managers Forum
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EXECUTIVE
SUMMARY
                                          To properly understand their value, MMF                own micro-businesses, it is the manager - as        This is one of the reasons the MMF partnered
DESPITE SOME OF THE OUTDATED ‘SVENGALI’   commissioned Music Ally earlier this year to           custodian of that business - who must master        with YouTube Music to develop our own
STEREOTYPES PERPETRATED BY HOLLYWOOD,     work with us on a survey of our membership             all trades, with expertise across live, recorded,   professional grants and training initiative,
BRITISH MANAGERS ARE ENTREPRENEURS AS     and conduct in-depth interviews of leading             publishing, marketing, promotion and a host         the Accelerator Programme, to support
WELL AS DEAL-MAKERS, INVESTING IN THE     managers to understand the reality of both the         of other areas. They are also incredibly hard       entrepreneurs at a ‘tipping point’ of going full
DEVELOPMENT OF ARTISTS, SONGWRITERS       rewards and the challenges of being a music            working - 40% work more than 40 hours a week        time into management and developing properly
AND PRODUCERS AND BUILDING STRATEGIES     manager today.                                         on music management and 23% over 49 hours           sustainable lifetime careers.
                                                                                                 per week.
TO HELP GROW THEIR CAREERS.               As our extensive research shows, the make up                                                               Going forward, I firmly believe this kind
                                          of our sector is impressively diverse. This is no      Unlike other parts of the business, managers do     of initiative deserves expansion. The
                                          longer a male-dominated profession, and there          not operate in a silo. They are required to knit    recommendations of this report call for
                                          is a huge contrast in the range of experience and      these bewildering divergent commercial strands      improved access to finance and training,
                                          working practices, with a significant percentage       together, and build multiple partnerships - often   encouragement to diversify skills, and greater
                                          of younger managers juggling second or third           on a global scale.                                  support for mental health provision. But this is
                                          jobs. 26% of respondents to our survey work                                                                only part one of “Managing Expectations” - the
                                                                                                 AND THEY’RE INVESTORS TOO. 74% OF THOSE WE
                                          full-time or part-time in another part of the                                                              intention of this report is to open a conversation
                                          music business so there is no « us vs them » .         SURVEYED HAVE PUT THEIR OWN MONEY - AND             and gather more evidence to actually change the
                                          Managers also have a vast range of experience.         OFTEN SUBSTANTIAL SUMS - INTO THE CAREERS OF        mindset around the value that managers bring
                                          43% have been managing 1-5 years whilst 44%            THEIR CURRENT CLIENTS. YET 40% HAVE RECEIVED        to artists and the industry.
                                          have been managing for over 5 years.                   NO OUTSIDE INVESTMENT, AND ONLY A SELECT FEW        All will be vital for the future health of the
                                          They also represent music-makers in the                HAVE TAPPED INTO INDUSTRY FUNDING SCHEMES           UK music. It’s time to put the cliches to bed.
                                          broadest sense. Whilst 73% manage featured             SUCH AS PRS FOUNDATION’S FANTASTIC                  The age of the Svengali is over, and rather
                                          artists, 42% represent songwriters, 33%                                                                    than supervillains it’s time to recognise the
                                                                                                 MOMENTUM MUSIC FUND.
                                          represent producers and 17% represent DJs.                                                                 superheroes.
                                          Most manage 1 or 2 clients. However, 14%               Paradoxically, against this fast-moving
                                          juggle 4 to 9 clients, often at different stages of    background of complexity and diversification,
                                          career development.                                    the way in which most managers get paid
                                                                                                 has remained stubbornly rigid, with the vast
                                          Also clear is the expanding list of responsibilities
                                                                                                 majority reliant on commission-based earnings
                                          that managers are expected to shoulder - hence
                                                                                                 - and typically of 20%. This is increasingly
                                          the title of this report. While streaming and

                                                                                                                                                                                                           INTRODUCITON
                                                                                                 unsustainable, and with so many upcoming
                                          social media have positively recalibrated the
                                                                                                 managers not making any money at all, we
                                          wider music industry, empowering artists
                                                                                                 run the risk of losing many of these talented
                                          and songwriters to build and develop their
                                                                                                 professionals altogether.
ANNABELLA COLDRICK
CHIEF EXECUTIVE,
MUSIC MANAGERS FORUM
OCTOBER 2019
MANAGING EXPECTATIONS - AN EXPLORATION INTO THE CHANGING ROLE AND VALUE OF THE MUSIC MANAGER - Music Managers Forum
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SURVEY AND REPORT
METHODOLOGY
                                         Thank you to the 183 managers who                    WHO ARE MUSIC MANAGERS?                            WHO DO THEY REPRESENT?
THIS REPORT HAS BEEN INFORMED BY TWO     responded to this survey and gave a wide
METHODS. A SURVEY WAS DEVELOPED IN       range of perspectives. Also thanks to the 14
PARTNERSHIP WITH MUSICALLY WHICH MMF
DISTRIBUTED TO ITS MEMBERSHIP AND THE
                                         representatives of management companies
                                         who were interviewed at length for this report.
                                                                                              42%
                                                                                              identified as female
WIDER MUSIC INDUSTRY VIA PARTNERS,       Interviews were conducted by Eamonn Forde,
TRADE BODIES AND SOCIAL NETWORKS. THIS   and were based on a set of questions which                                                                               73%
                                         focused on deal and commercial structures,                                                                               Artists
WAS FOLLOWED BY A SERIES OF IN-DEPTH
INTERVIEWS WITH LEADING MANAGERS
                                         skills, varying income streams and the evolving
                                         relationship with the recorded music sector
                                                                                              20%
PLUS SOME ADDITIONAL Q&AS WITH                                                                are non-white
                                         brought about by streaming.
MEMBERS OF THE WIDER INDUSTRY ON THEIR
                                         It is noted that these interviews placed less        Most are based in London or
PERSPECTIVES OF MODERN MANAGEMENT
                                         emphasis on live music and music publishing,         the South of England - with
ROLES.                                                                                        significant pockets in Scotland
                                         but we plan to follow this report with an in-
                                         depth exploration of challenges for managers         and the North of England.
                                         with these income streams. The interviewees
                                         were also mainly, but not exclusively artist
                                         managers, or those with a cross-section                                                                                  42%
                                         of clients include artists, songwriters and                                                                           Songwriters
                                         producers. We will follow this up with more                                       Most manage 1 or 2
                                         research into the challenges and business                                           clients...However
                                         models of those who manage songwriters and
                                         producers exclusively.
                                         For this piece of research we focused on
                                                                                                                                14%
                                                                                                                                  manage 5-9
                                         managers own businesses and did not interview
                                         their clients (music makers: such as artists,
                                         composers, producers, musicians). Our aim is to
                                                                                              They have a vast range of experience:
                                                                                                                                                                  33%
                                         use the findings of this research to start these                                                                       Producers
                                         discussions.

                                                                                                                                                                                  INTRODUCITON
                                         The full findings of the survey can be found
                                         here: themmf.net/managingexpectations
                                                                                              43%
                                                                                              1-5 years managing
                                         Music Ally is a knowledge and skills company
                                         for the global music business that has been
                                                                                                                                                                  17%
                                         publishing information and providing marketing
                                         strategy, training and running events for over 15    44%                                                                  DJs
                                         years. It has offices in London, Shanghai, Tokyo     5+ years managing
                                         and Medellin.
MANAGING EXPECTATIONS - AN EXPLORATION INTO THE CHANGING ROLE AND VALUE OF THE MUSIC MANAGER - Music Managers Forum
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DEVELOPING ACTS
                                          This report is based on the findings of an              He adds that managers have to assemble “a           INVESTING IN EARLY DEVELOPMENT
THE MUSIC INDUSTRY HAS CHANGED            extensive survey, and includes interviews with          small team of believers” around an act, with
ENORMOUSLY THIS CENTURY AND SO HAS THE    managers of all sizes - from sole traders to            management companies diversifying what
ROLE AND PURPOSE OF THE MUSIC MANAGER.
EACH MANAGER AND MANAGEMENT COMPANY
MAY TAKE A VERY DIFFERENT APPROACH, BUT
                                          large established companies. We have included
                                          voices from experienced managers as well as
                                          the digital generation, bringing with them fresh
                                          new perspectives on what it is to be an artist
                                                                                                  they do and developing expertise in-house
                                                                                                  out of necessity in order to better build artist
                                                                                                  businesses.
                                                                                                                                                      74%
THEY ARE ALL ULTIMATELY DOING THE SAME                                                            For Tim Clark of ie:music, the manager has          HAVE INVESTED THEIR OWN MONEY INTO
                                          manager today.                                                                                              CAREERS OF THEIR CURRENT CLIENTS
THING: BUILDING CAREERS AND BUSINESSES                                                            two distinct roles at this early stage – to “help
FOR THEIR ARTISTS.                        Since they are often the first believers in an act,     protect the artist” and to “go out and sell the
                                          managers have always been the ones to get the           vision that artist has” to the audience and their   Have invested
“YOU’RE BUILDING A BUSINESS FOR THE       ball rolling and build a portfolio of businesses        future business partners.                                £1k-£5k                      30%
ARTIST; YOU’RE A BUSINESS DEVELOPER,      around an artist. In 2019, however, the manager
                                                                                                  However, before addressing these wider roles,       Have invested
RIGHT? THAT’S WHAT YOU ARE. SO YOU’RE     typically has to roll that ball a lot further and for
NOT ACTUALLY A MANAGER; YOU’RE A          a lot longer than they did in the past.
                                                                                                  we will focus on a more fundamental issue:             £5k-£10k           21%
                                                                                                  investment.
BUSINESS DEVELOPER.”                      In a digitally-driven culture, labels expect artists                                                        Have invested
ELLIE GILES, STEP MUSIC MANAGEMENT        to be “developed” to a certain stage and have
                                                                                                  While artists now have a vast number of choices
                                                                                                                                                        £10k-£15k       15%
                                                                                                  in how they take music to market, how their
                                          genuine momentum behind them before a deal
                                                                                                  careers are sustained and paid for is becoming
                                          is offered. The duty of the manager, therefore,
                                                                                                  an increasingly complex area - and a challenge at
                                          is to start fostering and (frequently) investing
                                                                                                  the heart of this report.
                                          in their client. This is partly out of financial and
                                          structural necessity, but with the result that          INVESTING IN EARLY DEVELOPMENT                      40%

                                                                                                                                                                                                  DEVELOPING ACTS AND BUDGETS
                                          greater autonomy is being placed in the hands           As highlighted by the survey findings, a            Have received no outside investment
                                          of artists and managers before any other players        significant percentage of music managers have       for their artist
                                          i.e. publishers, agents, labels or brands get           invested their own money - and frequently
                                          involved.                                               substantial sums - into the careers of their
                                                                                                  current clients.
                                          Managers today have to be, in the words of
                                          Brian Message of ATC, “multi-faceted, multi-
                                          talented rainmakers”.
                                                                                                  Though sometimes born of necessity, there
                                                                                                  is increasingly sound commercial sense in a
                                                                                                                                                      35%
                                                                                                                                                      Have used personal savings
                                                                                                  manager providing this kind of early stage
                                          “THEY ARE PEOPLE WHO CAN GET STUFF DONE,”
                                          HE SAYS. “THE GREAT BEAUTY AND THE GREAT
                                                                                                  funding.                                                      €         FEW HAVE TAPPED INTO
                                                                                                  For instance, by developing an act through
                                          CURSE OF MANAGEMENT IS THAT YOU’RE ACROSS               their own investment, a manager can broaden               £             INDUSTRY FUNDING
                                                                                                                                                                          - ACE, PRSF or Help
                                          ABSOLUTELY EVERYTHING.”                                 their commercial options and demand greater
                                                                                                                                                                          Musicians. A small
                                                                                                  leverage when negotiating future partnerships.
                                                                                                                                                                          number are currently
                                                                                                                                                                          on the Accelerator
                                                                                                                                                                          Programme
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“FOR NEW ACTS, IT’S NOT ALWAYS THE BEST IDEA
TO GO RUSHING INTO A MAJOR LABEL DEAL; IT
CAN BE BETTER TO DEVELOP AT A GRASSROOTS
                                                    As highlighted by Niamh Byrne, many managers
                                                    will actively seek to delay involvement of a
                                                    record label - developing an act under their own
                                                    steam, potentially working with a label services
                                                                                                           “
                                                                                                           TODAY’S MANAGERS SHOULD HAVE A GOOD,
                                                                                                           UP-TO-DATE WORKING KNOWLEDGE OF EVERY
                                                                                                           ELEMENT OF THE MUSIC BUSINESS. THIS IS
                                                                                                                                                         “
                                                                                                                                                         MANAGERS DO MORE TODAY THAN THEY HAVE
                                                                                                                                                         EVER DONE. THEY ARE MULTI-TASKERS WHO
                                                                                                                                                         NEED TO HAVE A RANGE OF SKILLS BROADER
LEVEL TO GAIN MOMENTUM,” SAYS NIAMH BYRNE                                                                  ESPECIALLY IMPORTANT IN THE MODERN            THAN VIRTUALLY ANYONE ELSE IN THE MUSIC
                                                    company, and ensuring the strongest possible
OF ELEVEN MGMT. “THERE IS THE RISK THAT             negotiating position. However such a grassroots        ERA DUE TO ADVANCES IN TECHNOLOGY AND         BUSINESS. THE GOOD ONES EARN EVERY
GOING INTO A MAJOR LABEL SYSTEM TOO EARLY,          strategy still requires funding.
                                                                                                           THE WAY IN WHICH MUSIC IS RECORDED            PENNY OF THEIR COMMISSION.
IT COULD END UP DOING THE OPPOSITE AND NOT
                                                    “WE DON’T HAVE THE RESOURCES OF THE MAJOR              AND CONSUMED. MANAGERS MUST BE
NECESSARILY HELPING.”                                                                                                                                    ALISTAIR NORBURY, PRESIDENT,
                                                    LABELS, SO WE HAVE TO BE CAREFUL,” SAYS                EXPERTS IN A&R BUT ALSO COMMERCIALLY          REPERTOIRE & MARKETING, BMG UK
However, the upsides of financial independence      TIM CLARK OF IE:MUSIC OF THIS APPROACH,
need to be counterbalanced by the additional
                                                                                                           ASTUTE. THEY NEED TO GRASP THE LEGAL
                                                    HIGHLIGHTING THAT MORE DIY APPROACH CAN PUT
workload this can entail. While a certain amount                                                           AND RIGHTS FRAMEWORKS THAT EXIST IN
of development can be achieved online for
                                                    THE ACT IN A STRONGER POSITION WHEN TALKING
                                                                                                           MUSIC – AND THEY NEED TO KNOW HOW TO
a relatively low financial outlay, the drain on     TO LABELS AND MEANS THEY ARE NOT PRESENTED
                                                                                                           PROMOTE AND PR THE ARTISTS THEY ARE
managers’ time and resources can be significant.    WITH WHAT HE CALLS “REALLY ONEROUS, IF NOT TO
                                                                                                           RESPONSIBLE FOR. AT THE EARLY STAGES OF
For Robert Swerdlow at Starwood Management,         SAY, HEINOUS, CONTRACTS”.
top of the checklist when developing a new
                                                                                                           AN ARTIST’S CAREER, THE MANAGER IS OFTEN
                                                    “I believe that is money well spent,” he says.
act is building a fanbase via social media - and                                                           THE ONE-PERSON TEAM BEHIND THEM UNTIL
                                                    In the past, Clark has approached outside
particularly on a regional level. “Make sure that                                                          ADDITIONAL SUPPORT CAN BE AFFORDED;
                                                    financiers to invest in a new act, taking a direct
you’re punching at weight, if not above weight,
                                                    stake in any IP created under their agreement          AND EVEN THEN THE MANAGER HAS TO BRING

                                                                                                                                                                                                    DEVELOPING ACTS AND BUDGETS
in your region – wherever you are,” he says. “You
                                                    – typically for a five-year period. He also            THAT TEAM TOGETHER AND KEEP IT WORKING,
have to geo-target and show value in a [regional]
                                                    notes the importance of various bursaries and
pocket.”                                                                                                   HELPING TO MAINTAIN THE ARTIST’S VISION
                                                    funding schemes such as the MMF Accelerator
This critical stage of stealth development is       programme, PRS Foundation, PPL, BPI, and               WHILE RUNNING A VIABLE BUSINESS.
often something outsiders never see. Colin          public funding grants as a way of unlocking            PETER LEATHEM, CHIEF EXECUTIVE OFFICER, PPL
Schaverien of Prolifica Management explains         development stage capital, offering the
how it was done for one of the biggest acts on      example of Irish duo Saint Sister who received
his company’s roster.                               government funding to help underwrite touring
“With Two Door Cinema Club, we did a huge           costs.
amount of under-the-radar work in terms of          Alternatively, ie:music have agreed investment
driving the band through social channels, live      deals with artists in return for a share of any
and international – really getting foundations      resulting IP. “We did that with two Sia albums,
and platforms in place before we went               which revert back to her next year when she
anywhere near traditional mainstream media like     owns them outright,” says Clark. “We just had a
Radio 1,” he says. “It was very much: how do we     stake in them for 10 years.”
do this independently?”
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However, for those managers bankrolling              A MANAGER IN THE PAST, BUT THAT IS CHANGING.
acts themselves, there can be limitations. For       “NOW IF YOU’RE A MANAGER, YOU BETTER HAVE                 ▶ MMF ACTIONS                                        managers costs into account and recognising
instance, further investment may be limited to                                                                                                                      their contribution and financial position, some
                                                     EITHER GOOD EARS OR SOMEBODY WITHIN YOUR
smaller increments and dependent upon the                                                                      ACCESS TO FINANCE                                    are providing salaries and draw down funds
                                                     COMPANY THAT HAS GOT REALLY, REALLY GOOD                                                                       as part of the deal. This is a trend the MMF
artist becoming more successful - ie streaming                                                                 MMF has placed an increasing focus on
more, or playing larger venues - before              EARS,” HE ARGUES. “THERE’S A LOT OF A&R TO                raising awareness around different sources           would like to see increase to enable particularly
additional funds becomes available to put back       DO NOW.”                                                  of access to finance, not just grant funding.        younger or newer managers to survive.
into their business.                                 Matthew Thornhill at Young Turks Management               We have called for more funding for artists          To help emerging management businesses
ARTISTICALLY LED MANAGEMENT                          expands on this theme with the example of                 international projects in light of Brexit, whether   become more sustainable, the MMF
While the workload for managers at this              Mercury-winning artist Sampha, whose career               through Music Export Grant Scheme [MEGS]             partnered with YouTube Music to develop
developmental stage has never been greater,          was built via a series of deft collaborations,            or other mechanisms. We also championed a            the groundbreaking Accelerator Programme
alongside this is the fact that artists themselves   co-writes, and featured vocals - most notably             specific adjustment to the PRS Foundation’s          for Music Managers. With additional funding
are increasingly more savvy about the business.      with SBTRKT. Young Turks actively encouraged              Momentum Music Fund, allowing managers               from Arts Council England, Creative Scotland
From the moment an artist starts posting music       this kind of cross-pollination, leading to                to be remunerated for their time spent on            and the Scottish Music Industry Association,
to, say, Soundcloud or Facebook, they are in         collaborations with major acts like Frank Ocean,          project management. We need to do more to            Accelerator has already supported 24
effect developing their own “brand”.                 Kanye West, Solange and Alicia Keys. “We’ve               help ensure our community is not just aware          managers with grants and professional training.
                                                     introduced Sampha to the wider public through             of but also able to access these funding             The programme will return in 2020, and we
“A LOT OF KNOWLEDGE HAS BEEN GAINED IN THE           collaborations,” says Thornhill.                          opportunities.                                       are actively working with MMFs from other
INDUSTRY,” SAYS KILO JALLOH OF 2K MANAGEMENT.                                                                  Additionally, managers must also be equipped         territories to build a pan-European mentoring
                                                     Such rapid expansion of both creative and
“A LOT OF PEOPLE ARE LEARNING, AND A LOT OF          commercial responsibilities is redefining artist          with the negotiation skills and knowledge they       programme, create new networks and grow
PEOPLE ARE BEING TAUGHT TO OWN THEIR MUSIC,          management today.                                         need when entering into new business deals.          international businesses.

                                                                                                                                                                                                                          DEVELOPING ACTS AND BUDGETS
AND TO NOT SIGN DEALS AND TO NOT GIVE THE                                                                      Increasingly, record companies are taking
                                                     As the early investors in acts – and having to
LABEL THIS OR GIVE THE LABEL THAT.”                  commit to that investment stage for longer than
Rather than the manager leading from the front       they did in the past – managers clearly have
and telling the act how to navigate the business,    greater fiscal control, and this carries through
there is frequently a culture of collaboration.      to when they start to deal with labels and label
The net effect of this is that managers are          service companies.
increasingly working in lockstep with acts.          But management alone can usually only take
Even so, what a manager has to do and know           an act so far, especially if that act has global
about has grown exponentially in the past 20         ambitions. Knowing when and how to approach
years.                                               labels and label service companies to build the
                                                     portfolio around an artist that offers the backing
KWAME KWATEN OF FEROCIOUS TALENT SUGGESTS            and expertise remains imperative. The centre of
THAT A&R WAS NEVER A PREREQUISITE TO BEING           gravity might be changing slowly, but plugging
                                                     into a bigger operation can still be important.
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RELATIONSHIPS
WITH LABELS
                                           By nature they are 360-degree businesses.               traditional (or archaic!) deal structures whereby
ARTISTS ARE UNIQUE, IN THAT THEY           Additionally, they are often in a state of              an upfront advance is traded for lifetime
CREATE A PORTFOLIO OF BUSINESSES           fluctuation - an emerging artist will probably          ownership of their client recordings.
THAT INCREASINGLY INCORPORATE AND          build up an online following, and therefore
                                                                                                   With labels getting involved later in the launch
INTERCONNECT ALL ASPECTS OF THE MUSIC      accumulate streaming royalties, before they
                                                                                                   arc of an act, so the deals they offer are in
ECOSYSTEM. AUDIENCE ENGAGEMENT WITH        derive much income from live music. However,
                                                                                                   some cases, starting to reflect the reality that
                                           further down the line, there may come a tipping
ONE VERTICAL (FOR INSTANCE, RECORDED                                                               some of their risk and expenditure has been
                                           point where ticket sales become the focal point
MUSIC) WILL OFTEN STIMULATE GROWTH AND                                                             mitigated. This is potentially good for the
                                           of their business.
REVENUE IN ANOTHER (FOR INSTANCE, TICKET                                                           labels (they should be making a more de-risked
SALES).                                    Indeed, according to our survey, live revenue           investment) while giving the artist leverage to
                                           represents the most significant revenue stream          negotiate shorter-term licensing agreements or
                                           for performing artist businesses. What many             development deals that initially focus on singles
                                           commentators and media have historically                rather than albums.
                                           defined as “the music industry” when they were
                                                                                                   “THE TRUTH OF THE MATTER IS THAT, APART FROM
                                           actually referring to “the record industry” now
                                           accounts, in revenue terms at least, for a smaller      THE MONEY, ONE REALLY DOESN’T NEED A LABEL,”
                                           part.                                                   IS CLARK’S BLUNT ASSESSMENT. HE OFFERS UP
                                           However, it remains a significant part. And             PASSENGER AS AN EXAMPLE, NOTING HOW THE
                                           recorded music is still a launchpad for acts to         ARTIST’S EARLIEST ALBUMS WERE DISTRIBUTED BY
                                           build their audience in the live arena.                 TUNECORE AND THE BULK OF HIS MARKETING WAS
                                           As the global recorded business contracted              DONE IN-HOUSE AT IE:MUSIC. “OF COURSE, HE HAD
                                           between 2000 and 2014, most labels scaled               A GREAT LIVE FOLLOWING,” ADDS CLARK. “YOU CAN

                                                                                                                                                             RELATIONSHIPS WITH LABELS
                                           back signing budgets. The majors consolidated           BUILD A GREAT DEAL ON THAT.”
                                           and went from five to three in this period,
                                           arguably becoming more risk-averse as a                 It would be easy to set up a managers-versus-
                                           consequence.                                            labels dichotomy, where the former constantly
                                                                                                   bashes the latter over unfair deals but that, of
                                           The onus therefore started to fall on managers          course, does not give the complete picture.
                                           to take up some – if not all – of that slack. Out       Many managers we interviewed appreciated
                                           of necessity, many managers assumed many                where and when labels can propel their acts to
                                           of the specialist roles previously performed by         the next stage, and provide additional services
                                           labels – notably marketing but, particularly for        and value; but equally, they understand the
                                           the larger management firms, newer areas such           landscape has changed and so too must the
                                           as data analysis and DSP relations.                     deals being offered. Clark reiterates this
                                           In reaction to these developments, there has            importance and that as a company they “have
                                           been a drive from managers to seek more                 and have had great relationships with the majors
                                           equitable contract terms - and push back against        based on fair deals and transparency”
MMF MANAGING EXPECTATIONS                                                                                P16   MMF MANAGING EXPECTATIONS                                                                              P17

LABEL VS LABEL SERVICES                             act’s career is still a success, this can put them         “BUT THE UPSIDE IS THAT IF IT SELLS WELL THEN       ARGUING THAT THIS, AS A MANAGER, IS DIFFICULT
The requirement for global investment, or           in a better position to secure more favourable             YOU HAVE A BETTER CHANCE OF BEING ABLE TO           TO JUSTIFY SOMETIMES.
access to global marketing and distribution         rates elsewhere.
                                                                                                               RECOUP MORE QUICKLY, MORE SO THAN DOING IT          “THERE’S A NEW DAWN,” HE PROPOSES, “AND
structures are just some of the areas where a
                                                    “IT IS ONLY IF THE LABELS ARE REALLY OFFERING              ON A MAJOR LABEL”.
manager might seek the support of a label.                                                                                                                         THAT NEW DAWN IS ABOUT ARTISTIC AND
However, these days, artists have choices.          SOMETHING OF GREAT VALUE THAT IT BECOMES                   OWNERSHIP OF MASTERS                                CREATIVE CONTROL.”
                                                    WORTHWHILE TO GO BACK INTO THAT SYSTEM.”                   Ownership of the recording or “masters” is
Niamh Byrne says that a traditional label route                                                                                                                    Others also recognise this trend.
                                                    Niamh gives the example of The Good The Bad                historically a bone of contention between
might be an option for high level funding to
                                                                                                               managers and labels. This issue is now at the       Ellie Giles says that streaming and the long
get a really creative campaign off the ground.      & The Queen whose most recent album, 2018’s
                                                                                                               core of most recorded negotiations - with the       tail of digital are making it increasingly difficult
“However,” she adds, “if a campaign can be          Merrie Land, was the first release on Studio 13,
                                                                                                               artist increasingly demanding either outright       for independent labels to insist on master
funded through brands or other means, then the      a label set up by Eleven Mgmt. In this instance,
                                                                                                               control or reversion after a certain period.        ownership in perpetuity, something she feels
label services route could be better.”              Studio 13 was able to plug into ADA/Warner
                                                                                                                                                                   has been exacerbated by squeezed promotion
                                                    on a label services level rather than formally             This has been accentuated by the rise of the
The declining relevance of the “traditional”                                                                                                                       and marketing budgets.
                                                    releasing the album on Parlophone (historically            label services model, which typically leaves the
label system is especially true for acts who have
                                                    home for Damon Albarn’s various projects,                  artist as the “rights owner”.                       “I think there’s going to be a change because
already achieved a high level of commercial
                                                    including Blur and Gorillaz).                                                                                  now, if you’ve got something for perpetuity, the
breakthrough and who may be out of contract.                                                                   For Colin Schaverien, coming from a successful
                                                                                                                                                                   streaming levels [mean] you can make money
                                                    Going the label services route will typically              label services deal into a more traditional label
“I’M NOT SAYING THAT THE MAJOR LABEL IS DEAD                                                                                                                       forever on that,” she says.
                                                    result in the act of receiving the lion’s share of         deal puts the issue of “ownership” into the
BUT IT’S GREAT FOR ARTISTS TO HAVE THE CHOICE,      revenue (the inverse of the label system), but             spotlight. In theory, the label services deal       The long tail of streaming means albums are
TO BE IN A POSITION WHERE THEY CAN CHOOSE           leaving them to front their own marketing costs.           can help establish an act, they get their rights    always available and can keep earning and, as
WHAT KIND OF PARTNERSHIP THEY WANT TO HAVE                                                                     back after a short period, and then progress to     such, her thesis is that the period of ownership
                                                    “YOU’RE IN CONTROL OF YOUR OWN BUDGET
                                                                                                               a record label with greater bargaining power.       (i.e. for life of copyright) cannot be what it
DEPENDING ON WHAT PROJECT IT IS,” SAYS NIAMH.       AND YOUR OWN STRATEGY,” SAYS NIAHM OF THE                  (Equally, of course, there are many instances       was. The labels perspective is they are making

                                                                                                                                                                                                                            RELATIONSHIPS WITH LABELS
From a personal perspective, she says she would     BENEFITS OF THIS APPROACH. “YOU’RE SPENDING                of artists sustaining a career within the label     upfront risky investments so need to own rights
not discount major label deals, but there are       MONEY BASED AGAINST WHAT YOU THINK YOU                     services model.)                                    over the longterm to recoup their investment.
always important issues to consider for an act
                                                    MIGHT DO.”                                                                                                     This issue of master ownership is where Rob
whose contract is up for renewal.                                                                              “THE TERMS THAT YOU CAN THEN NEGOTIATE WITH
                                                    The downside? Marketing and promotion funds                                                                    Swerdlow feels a label services deal increasingly
“For an established act, you’ve spent the best                                                                 A MAJOR ARE SO MUCH BETTER THAN GOING IN
                                                    and expertise might be limited, and this could                                                                 has the upper hand over a standard label deal.
part of 20 years being in a major label system,                                                                AND SIGNING WHAT MAJORS LIKE YOU TO DO –            But it is, he believes, something that should give
                                                    result in a campaign’s ambitions becoming more
which means major label costs,” she says. If the                                                               WHICH IS FOR THE LIFE OF COPYRIGHT,” HE SAYS,       labels food for thought and for them to focus
                                                    risk averse.
                                                                                                                                                                   efforts on what they can do best.
MMF MANAGING EXPECTATIONS                                                                            P18   MMF MANAGING EXPECTATIONS                                                      P19

“WHAT’S PUTTING THE MAJORS UNDER PRESSURE
TO CONSIDER REVERTING MASTERS BACK OR
LICENSING RECORDS IS BECAUSE THEY CAN’T
                                                     few years ago. “Artists are now getting 50/50
                                                     and they’re not signing away their live income,”
                                                     he says. “There are not a lot of 360 deals like
                                                     before.”
                                                                                                           “
                                                                                                           “MANAGERS ARE INCREASINGLY TAKING
                                                                                                           CHARGE OF THE ARTIST DEVELOPMENT
                                                                                                           PROCESS WHICH IS AT THE CORE OF THE
                                                                                                                                                     “
                                                                                                                                                     “FROM OUR SIDE, THE STARTING POINT IS
                                                                                                                                                     TRYING TO UNDERSTAND A MANAGER’S CORE
                                                                                                                                                     COMPETENCIES, AS EVERY SINGLE MANAGER
COMPETE WITH AWAL,” HE SAYS. “AND AWAL ARE                                                                 BUSINESS. MANAGERS ARE BEING INNOVATIVE   IS DIFFERENT, WITH DIFFERENT SKILL SETS
CONTINUING TO TRY TO LEARN TO COMPETE AT             ACCEPTING MANAGEMENT’S LIMITATIONS
                                                     However, while it is romantic to assume that all      IN THEIR SOCIAL MEDIA STRATEGIES, WHICH   AND CORE STRENGTHS. ONCE WE KNOW THAT
WHAT THEY ARE NOT GOOD AT AND WHICH MAJOR
                                                     artists have been empowered to “break free”           GOES HAND IN HAND WITH THE CREATIVE       BASE LEVEL WE CAN START BUILDING A TEAM
RECORD LABELS ARE GOOD AT – LEVERAGE AND             of traditional conventions, many managers             DEVELOPMENT PROCESS. BUILDING THE         AROUND THEM; WE TEND TO BACK OFF AREAS
CREATIVITY.”                                         are keen to assert that there are limitations to
                                                                                                           BRAND, POSITIONING AND [CREATING THE]     THAT THEY ARE STRONG AND SUPPLEMENT
Rob also suggests that label services deals may      unfettered independence.
sometimes lack what he terms the “seasoned
                                                                                                           STORY OF THEIR ARTIST. ALSO IN THEIR      AREAS WHERE THEY NEED HELP.”
                                                     Adam Tudhope of Everybody’s is firmly of the
creatives” of a well-established label who can       belief that a management company should               BUSINESS MODEL, [THEY ARE] INCREASINGLY   IAN DUTT, THE ORCHARD
work on multiple successful campaigns from top       understand and accept that it cannot be good at       SEEKING A BUSINESS PARTNERSHIP WITH
to bottom. “A well-drilled machine, pulling in the   everything. As such, working with a label system      THEIR ARTISTS RATHER THAN AN AGENCY/
same direction, can really elevate a campaign”,      should be construed as a sign of strength rather
he adds.                                                                                                   SERVICE PROVIDER POSITION.”
                                                     than a weakness.
For certain genres, commercial independence          “IF YOU ASPIRE TO BREAK BIG AND IF YOU ASPIRE
                                                                                                           PAUL HITCHMAN, PRESIDENT, AWAL
has become something of a badge of pride. Kilo
                                                     TO BREAK BEYOND YOUR HOME COUNTRY, THEN
Jalloh says this has long been the case for UK
urban acts, and that an independent path is          YOU’RE GOING TO NEED HELP,” HE SAYS.
already paying dividends.                            While Adam accepts that a manager and artist
“I feel that our scene specifically, the urban       can go a long way on their own, they cannot go

                                                                                                                                                                                                RELATIONSHIPS WITH LABELS
scene, is building and a lot of labels are seeing    the whole distance. That means management
that it can actually generate some money,” he        teams need to understand their strengths and
says. “Whereas a couple of years ago, there          weaknesses, and where they require outside
wasn’t a lot of interest in our scene because it     expertise. “Pure marketing and sales are not
wasn’t proven.”                                      things that we do,” he says. “So we need
                                                     someone to help us to do that.”
As more and more acts from genres like RnB,
hip hop and grim scene prove their commercial        Despite the international success of Mumford
worth - with Stormzy, Skepta, Dave and Jorja         & Sons, he explains, and despite extensive
Smith being prime examples – labels are offering     experience with touring and selling records
very different deals to what they did even a         globally, it would be impossible to have full and
                                                     intimate understanding of every market.
MMF MANAGING EXPECTATIONS                                                                             P20   MMF MANAGING EXPECTATIONS                                                                          P21

MANAGEMENT AS THE LABEL                               to dramatically rethink what it is they can offer
Another option, as highlighted by Eleven              acts and the terms under which they do deals.          ▶ MMF ACTIONS
Management’s Studio 13, is for the management         As the label system is up for review and whole
company to operate their own label. This is also      new opportunities are up for grabs, a new              Working with music consultancy CMU Insights,        area of our website. We also work directly
the case for All On Red, where founder Jamie          type of hybrid management company – where              the MMF has pioneered the Dissecting the            with several streaming services on their
Oborne also runs the label Dirty Hit. the case        labels are built in from the off, bolted on as         Digital Dollar project which, over 5 years and      analytics platforms for managers helping make
with All On Red/Dirty Hit.                            they develop or spring up out of necessity – is        a series of publications, has helped managers       sure these provide the information managers
Jamie describes Dirty Hit as “a reaction to”          coming to the fore. Eleven with Studio 13, All         better understand the economics of streaming,       and artists need to inform their businesses.
royalty deals, and that the label is “about artist    On Red with Dirty Hit and Young Turks as both          as well as raising important issues around          The MMF also relaunched their managers’
partnerships”, with a preference for profit splits    a management company and a label that plugs            contractual transparency and the value of           training programme last year to include
rather than standard royalty-based contracts.         directly into the XL Recordings/Beggars Group          data - including bespoke ‘Fan Data’ and Digital     all aspects of the various business models
On principle, he adds, the label also takes no        system, are all good examples.                         Deals guides.                                       discussed above and will be expanding it to
ancillary rights. “I don’t believe an artist should   What needs to be handled carefully here are the        Through our public policy work, the MMF have        include more business management, financial
pay for a label’s inability to create a business      lines of delineation and how the management            also campaigned for greater transparency            and company structure topics as well as HR
out of that label’s chosen field of expertise,” he    arm and the label arm can operate both                 over deal information and more equitable deal       and leadership skills.
explains.                                             independently and collectively.                        terms - there is clearly more to do in this space
Dirty Hit’s deals, meanwhile, are designed as                                                                directly with industry and with implementing
                                                      Matt Thornhill stresses that Young Turks has
global partnerships - albeit, in order to scale the                                                          legislation. We have pushed for more equitable
                                                      worked hard to avoid any conflict of interests.
business, the label does have licensing deals in                                                             deal terms as well as building a streaming
place with different majors.                          “ALL THE DEALS WE DO ACROSS PUBLISHING,                calculator to help assess the impact of different
                                                      RECORDS AND MANAGEMENT ARE ENTIRELY                    label or distribution deals on digital income
“I DIDN’T WANT MY PRIDE TO GET IN THE WAY OF                                                                 over time which is available on the members
                                                      INDEPENDENT OF EACH OTHER,” HE SAYS. “WE
AN ARTIST’S SUCCESS,” SAYS JAMIE, “AND I DIDN’T
                                                      NEVER SIGN AN ARTIST TO MANAGEMENT AND
HAVE THE CASH FLOW NEEDED TO PROPERLY TAKE
                                                      RECORDS AT THE SAME TIME. WE’VE BUILT A
THE ACT TO THE OBVIOUS PLACE IT NEEDED TO BE.
                                                      BRILLIANT LABEL TEAM, A BRILLIANT PUBLISHING
BUT AS WE MOVE FORWARD, I THINK THE FUTURE
                                                      TEAM AND A BRILLIANT MANAGEMENT TEAM. EACH
FOR DIRTY HIT IS ONE OF INDEPENDENCE.”
                                                      OF THEM IS A GREAT OPTION FOR OUR ARTISTS, BUT
As it stands, labels remain an alluring option for
                                                      REGARDLESS OF THIS, THE DECISION IS ALWAYS
artists requiring serious investment; but what
has changed are the terms under which those           THEIRS TO MAKE RATHER THAN INSISTING THAT WE
deals can be struck. This means labels are having     SIGN PUBLISHING ALONG WITH RECORDS.’”
MMF MANAGING EXPECTATIONS                                                                      P22   MMF MANAGING EXPECTATIONS                                                                           P23

SKILLS &
                                                                                                     Q: WHAT TASKS DO MUSIC MANAGERS DO?
                                                                                                     A: EVERYTHING!

EXPERTISE
AS ALREADY NOTED, BY DESIGN OR DEFAULT,            Our survey indicates 74% of managers
                                                   are taking responsibility for their own
                                                                                                                    85%
                                                                                                                   take responsibility
                                                                                                                                                                                   76%
                                                                                                                                                                                  take responsibility
THE ROLE OF THE MANAGER HAS GREATLY                                                                                                                                                for social media
                                                   professional development with 33% having                        for label & release
EXPANDED, AND THEY ARE INCREASINGLY                                                                                                                                                    services
                                                   spent over £1000 on music specific training                        management
EXPECTED TO BE INVESTORS, A&RS AND                 events and conferences. When it comes
MARKETERS.                                         to formal education, 54% have achieved
These extra responsibilities have been added       a Bachelor’s degrees, with a further 18%
to their workflow by stealth, but there is         educated to Masters level. However 73%
also an organisational commitment by some          report not having had any formal music
management companies to add new specialist
roles within their set-ups to resource, or else
outsource these roles entirely.
                                                   management or music business education.
                                                   This is likely to change with an increasing
                                                   range and growing sector which is why
                                                   the MMF is continuously reviewing our
                                                                                                                                                    65%
                                                                                                                                                   take responsibility
                                                   education programme and partnering our                                                         for PR & promotion
                                                   Music Biz courses with our Education
                                                   Associates to inform the content and bring in
                                                   current managers to talk about their careers.

MUSIC MANAGEMENT SKILLS IN TERMS OF HOW IMPORTANT THEY ARE TO FUTURE SUCCESS OF BUSINESS                                                                                            57%
                                                                                                                                                                                   take responsibility

75%       Managing vulnerability, health/
          wellbeing of the artist
                                                   51%    Music publishing
                                                                                                                                    23%
                                                                                                                                   take responsibility
                                                                                                                                                                                         for tour
                                                                                                                                                                                      management

                                                                                                                                    for legal services
          Live events and tour management                 A&R co-ordination and creative
64%                                                49%    development

                                                                                                                                                                                                               SKILLS & EXPERTISE
63%       Marketing
                                                   43%    Public relations and promotions

                                                                                                              48%                                             70%
                                                                                                                                                            take responsibility
                                                                                                             take responsibility                              for branding &
          Legal & contractual negotiation skills          Label and product management
61%                                                42%                                                       for book keeping /                               creative asset
                                                                                                                accountancy                                    development

          Accounting and financial planning               International and export knowledge
53%                                                38%
MMF MANAGING EXPECTATIONS                                                                          P24   MMF MANAGING EXPECTATIONS                                                                            P25

NEW ROLES AND RESPONSIBILITIES                     “If we want to put spend behind something,            “WE JUST DON’T HAVE ENOUGH REVENUE                   we’re lacking something, we are able to work
From interviews for this report, it appears        or if we want to create content for something,        GENERATED AND COMING IN [TO DO THAT] – AND           alongside the XL/Beggars team to plug the gap.”
that digital marketing is where the majority       we can do that in a couple of hours now,” he
                                                                                                         I’M TALKING LUXURY REVENUE, WHERE THE                Perhaps unique to the types of acts they works
of managers see the most immediate need to         says, bypassing the old system of working
                                                                                                         ECOSYSTEM DEPENDS ON IT,” HE SAYS. “SO WE BUY        with, Matt says that Young Turks have recruited
focus resources by recruiting dedicated staff      with external partners, where decisions would
                                                                                                                                                              a Curator / Producer with art world experience
members. Especially if it allows them greater      go through multiple approval processes and            THAT IN AND WE HIRE SPECIALISTS, INDEPENDENT
                                                                                                                                                              and who previously worked at London’s
control over creative decision-making, such as     potential opportunities were missed.                  MARKETEERS AND OTHER SERVICES – AND VERY
                                                                                                                                                              Serpentine Gallery. He cites the examples of
where marketing budgets are spent.                 Budget is also a recurring issue for managers,        MUCH ENJOY HAVING THAT.”                             Jamie xx working on the score for the Tree Of
“WE ARE AGGRESSIVELY EXPANDING OUR DIGITAL         with many suggesting they would dearly like to        This is all built on the understanding, he adds,     Codes ballet at the Manchester International
                                                   have dedicated roles in-house but cannot, for         that Starwood is a service-based business.           Festival in 2015 as a sign of the types of areas
TEAM, WE’RE EXPANDING OUR MARKETING
                                                   now, justify the overheads.                                                                                the acts on their roster are expanding into.
TEAM, WE’RE PUTTING MORE RESOURCES INTO                                                                  “So at any point in time, if the artist nose dives
                                                   At Eleven Mgmt, Niamh Byrne explains that             and you’re carrying a large overhead, that is        How this expansion and diversification is
CREATIVE MARKETING AND CREATIVE PROMOTION
                                                   the company is structured with three distinct         just not sharp business for us,” he explains. “If    funded is still somewhat in flux. Some are
VIA MARKETING SPECIALISTS AND DIGITAL
                                                   departments around a central management               we need the departments to help support the          now revising how a traditional commission
SPECIALISTS,” SAYS JAMIE OBORNE. “THAT IS          core: branding, digital and label services.           demand for our job in hand, we buy it in. We’re      structure applies and are investing internally in
THE BIG AREA FOR ME. WE LOVE MARKETING, SO                                                               like that and immediately go shopping for it.”       staff or consultants in order to offer optional
                                                   “WE DRAFT PEOPLE IN WHEN WE GET REALLY
IT DOESN’T EVEN SEEM LIKE A PARTICULARLY                                                                                                                      services – and frequently for a fee outside of
                                                   BUSY,” NIAMH EXPLAINS. “EVERY MANAGER HAS             THE IMPORTANCE OF DIGITAL MARKETING
REVOLUTIONARY THING TO BE DOING. IT SEEMS                                                                                                                     their management commission. This “service
                                                                                                         A number of management companies will also
                                                   THE NEED TO SCALE UP AND DOWN ACCORDING                                                                    on top” model is seen by many as the only
LIKE A BASIC REQUIREMENT OF A MODERN MUSIC                                                               be employing staff who are fluent in social
                                                   TO NEED.”                                                                                                  viable response to the growing demands on
COMPANY.”                                                                                                media marketing (many managers we spoke
                                                                                                                                                              management and is discussed in more detail
                                                   DIVISIONS AND DEPARTMENTS                             to said these kinds of skills are expected as
Such an expansion of duties is, for many                                                                                                                      below.
                                                   For some management companies, while the              a given among new recruits), while others,
managers, a relatively recent phenomenon as                                                                                                                   One manager talked about the complexities
                                                   duties of individual managers have evolved,           such as Young Turks, say they appoint third-
they move to become full-service operations.                                                                                                                  and admin involved if one of their acts also
                                                   this is not yet reflected in the organisational       party experts to run the social channels of
At Prolifica, says Colin Schaverien, their         structure at the company - with the result that       some of their bigger artists simply because          operates a label, and having to deal with PPL/
nine-strong team has developed in-house            there is an ongoing evolution towards creating        of the workload involved. “We’re a mid-sized         PRS registrations, barcodes, metadata and other

                                                                                                                                                                                                                    SKILLS & EXPERTISE
expertise over the past 18 months across a         clear departments and responsibilities.               management company,’’ says Matt Thornhill.           fundamentals.
range of business areas meaning that, with the                                                           “but are keen to carefully consider our growth.      “It interests me enough that I want it to be
                                                   “Starwood has got senior partners and it has got
exception of distribution, they can cover most                                                           Our long-term goal is to offer as many services      dealt with properly – but it doesn’t interest
                                                   young managers,” says Robert Swerdlow. “It’s
eventualities.                                                                                           in-house as we can, but until that point we are      me enough that I want to hire people to do it,”
                                                   got a system and structure works. It’s boutique
“We’ve brought digital marketing, social media,    and it’s small.”                                      working with some great partners.”                   says Adam Tudhope of the expanding range of
asset content creation, marketing and product                                                            He does, however, say that the way the label         specialisms that other management companies
                                                   While Starwood do not currently have
management in-house,” he says. “They’ve all                                                              side of the management company connects              are hiring around.
                                                   departments for touring or digital strategies,
been new hires, which essentially just allows us                                                         into a bigger label structure puts them in an
                                                   both are areas where they would consider hiring
to incubate artists.”                                                                                    incredibly fortunate position. “If we find that
                                                   in the future.
MMF MANAGING EXPECTATIONS                                                                           P26   MMF MANAGING EXPECTATIONS                                                                              P27

“I DON’T WANT TO HAVE MY OWN MARKETING             BRAND: MANAGERS                                        now because we’ve had a great track record of         “Everyone should bear some responsibility for
PEOPLE OR RADIO DEPARTMENT IN AMERICA,” HE         Working with brands has become part and                working with third parties to produce videos.         artist mental health, but it’s definitely a headline
                                                   parcel of the modern music business, and                                                                     priority for artist managers,” he says.
SAYS. “THAT’S WHAT THE RECORD LABELS ARE                                                                  THE ARTIST IS NOT DIRECTLY SEEING THAT MONEY,
                                                   it makes sense for managers to have direct                                                                   Tim Clark says that the personal experiences of
LITERALLY FOR. THE BIT THAT WE HAVE DOWN IS                                                               BUT IT ENABLES THEM TO MAKE A PIECE OF ART
                                                   involvement with them.                                                                                       David Enthoven, the late co-founder of ie:music,
HELPING THE ARTIST TO CREATIVELY DEVELOP,                                                                 THAT THEY MIGHT NOT OTHERWISE HAVE BEEN
                                                   ATC is one of a number of management                                                                         greatly shaped the company’s approach to these
OVERSEEING THE MUSIC-MAKING PART OF THINGS                                                                ABLE TO AFFORD AND IT HAS A KNOCK-ON EFFECT
                                                   companies with a dedicated brand department.                                                                 issues and its sensitivities when staff or artists
AND RUNNING THEIR BUSINESSES GLOBALLY.             “For younger acts like Frank Carter, we’ve done        IN THEIR ROYALTY STATEMENT.”                          are struggling.
THAT’S WHAT WE DO REALLY WELL.”                    a lot of brand partnership deals,” says Brian          There is still, however, some frustration that        “WE HAVE ALWAYS BEEN VERY GOOD AT MAKING
Instead, Adam is looking to recruit what he        Message. “For the younger generation, it’s much        brands are less willing to get involved when
                                                   more acceptable.”                                                                                            SURE THAT IF ANYBODY THAT WORKS FOR US
describes as a Head Of Audience. This would be                                                            artists are in a development stage.
someone in-house, focussed solely on audience
                                                                                                                                                                HAS A PROBLEM THAT WE BELIEVE COULD BE
                                                   Brands have also been absolutely critical to an        “I’d love for brands to reach out to us and just be
retention and growth, across live as well as       act like Gorillaz, helping to underwrite projects                                                            TREATED WITH THERAPY, THAT WE REFER THEM
                                                                                                          willing to offer us something and go, ‘OK, cool,
recorded. “That’s really an important point at     that would otherwise have been prohibitively           we’re a fan of what you do. We want you guys
                                                                                                                                                                TO GET THAT; OR WE ENCOURAGE THEM TO USE
which to communicate,” he says. “I’ve learned a    expensive - and resulting in Eleven hiring a           to collaborate with us, here’s what you can offer     THERAPISTS,” HE SAYS. “WE HAVE AN OUTSIDE HR
lot about [ticketing] through Mumford & Sons.      specialist branding consultant.                        you,’” says Kilo. “Because then we know the           AGENCY WHICH IS ALWAYS AVAILABLE FOR OUR
Ultimately, choosing to hire or outsource, or to   “There was no way you would have been able             demand is there. It’s like they want to work with     STAFF. WHENEVER AND WHEREVER OUR STAFF
extend a management company’s expertise, has       to realise a Gorillaz campaign if it wasn’t for the    you more than you reaching out to them.”              NEEDS HELP, I HOPE THAT WE’RE ALWAYS ABLE TO
to be viewed as a down payment on the future.      brand partnerships that we did to bring that to        MENTAL HEALTH AND DUTY OF CARE                        GIVE IT TO THEM.”
It is also about capitalising on the changing      life,” says Niamh. “We used it initially to develop    A key part of a manager’s role is to safeguard
power within the industry, and ensuring that       content and set the project up, and it worked                                                                Jamie Oborne describes mental health as “a
                                                                                                          their artists, and many are pushing back against
managers are at least keeping up with the curve    wonderfully. It’s sometimes necessary to bring                                                               wider music industry problem” and talked
                                                                                                          the ‘always-on’ culture of social media and
or, preferably, ahead of it.                       money in to fund creative ambition.”                                                                         candidly about the impact of someone close to
                                                                                                          round-the-clock promotion.
                                                                                                                                                                the company taking their own life, calling it “a
“I FEEL LIKE WE WANT TO BUILD SOMETHING THAT       Sponsorship and DJ slots constitute a stable           On a wider level, the conversation around             real wake up for myself and my team”.
WHERE, WHEN AN ARTIST COMES IN, WE CAN             part of the business for Young Turks’ roster and       mental health and wellbeing is now far more
                                                   help to bankroll or lower the costs for other                                                                As such, he wanted to put a structure in place
                                                                                                          prominent. In 2017, the MMF published its

                                                                                                                                                                                                                       SKILLS & EXPERTISE
OFFER THEM ABSOLUTELY EVERYTHING,” SAYS KILO                                                                                                                    “where we can actually properly look after
                                                   artist-related expenditure.                            Managers Guide to Mental Health, (working
JALLOH. “I WANT US TO BECOME A MANAGEMENT                                                                                                                       artists”. One of his staff members suggested a
                                                   “We do brand sponsorships, but we like                 closely with Music Support and with financial
COMPANY THAT IS AS STRONG AS A LABEL, BUT                                                                                                                       couple of the team were trained in this area so
                                                   to approach them as project-specific                   backing from Help Musicians), and many
IS NOT NECESSARILY A LABEL. HAVING SOMEONE                                                                                                                      they could offer practical expertise.
                                                   collaborations,” Matt reveals. “We’ll partner          management companies are taking proactive
THAT CAN BE A HEAD OF BRANDING, HEAD OF PR,        with someone, but rather than focusing on              measures.                                             “It’s a shame that, as humans, we’re only really
OR HEAD OF SYNC MEANS CAN OFFER YOU MORE           endorsements or marketing, we’ll work on a                                                                   forced to address these things when tragedy
                                                                                                          At Young Turks, the office manager is also the
                                                   video or event together. It’s another route to                                                               happens,” he reflects. “But one thing I really took
THAN JUST MANAGEMENT IN-HOUSE.”                                                                           company’s mental health first aider. For Matt
                                                   increasing recording revenue. We tend to see                                                                 from this situation was that we all need to look
                                                                                                          Thornhill, it is important to have someone with
                                                   fewer recoupable video costs on statements                                                                   after each other a bit better.”
                                                                                                          this specialist knowledge and training in-house.
MMF MANAGING EXPECTATIONS                                                                              P28   MMF MANAGING EXPECTATIONS                                                                           P29

Ensuring that acts (and managers) can switch         should be doing three weeks and then doing              really, really intense, and sometimes you have   what’s going on, give them some insights and
off and take a break away from work was front        one week off.”                                          to work weekends. But I try not to give that     wisdom into what you might have experienced
and centre for everyone we spoke to. In one                                                                  to my clients. The TM [tour manager] is there    before and what might help them. Possibly
                                                     This week off, he explains, allows the artist
instance, a management company said it was                                                                   to look after them when on tour. Of course, if   engage with their family a little bit, and say,
                                                     to recalibrate both mentally and physically,
looking to phase out WhatsApp message groups                                                                 something hugely important happens, I would      ‘This is something you should do.’ If it’s not
                                                     resulting in better performances from artists
as they find them incessant and inescapable.                                                                 drop everything. It’s about understanding what   overstepping the mark. And then, and this is
                                                     who are not buckling under pressure.
                                                                                                             is important.”                                   the important and hard bit, that’s your job done.
At Starwood, Rob says that one of the
                                                     “It can be quite tough from a commercial point                                                           Ultimately, when someone has been shown
biggest things the industry can do to take the                                                               Adam Tudhope agrees that managers need to
                                                     of view, but what it gives you is some peace of                                                          another way, it’s not really your responsibility
pressure off artists is to have their social media                                                           accept their limits.
                                                     mind and also longevity,” he argues. “It’s better.”                                                      to keep trying to take care of them if they don’t
outsourced.
                                                                                                             “I personally feel that the manager or the       want to take care of themselves.”
                                                     For Step Management’s Ellie Giles, it is
“We have partners who are our social media                                                                   management company’s responsibility is to
                                                     important to give the artist some semblance
managers and strategists to help the artists and                                                             put your arms around the person,” he says,       HE ADDS, “OF COURSE, AS MANAGERS, WE SHOULD
                                                     of control.“I’m not scared of boundaries,” she
take the slavery of it off them,” he says. “Which                                                            “give them an opportunity to talk about          BE CAREFUL TO HELP ARTISTS TO MAKE DECISIONS
                                                     says. “I understand when you’re in cycle and it’s
I believe helps with bandwidth for creativity and                                                                                                             FOR THEMSELVES THAT PRIORITISE WELLNESS
bandwidth for mental health.”                                                                                                                                 OVER BUSINESS WHERE APPROPRIATE. I WOULD

                                                        “                                                    “
ONE MANAGER SAYS THAT, FOR THEIR PRODUCER                                                                                                                     ALSO ADD THAT, AS MANAGERS, WE NEED SUPPORT
CLIENTS, THEY HAVE ALWAYS PLACED STRICT                                                                                                                       TOO. REGULAR THERAPY FOR THE LAST FEW YEARS
RULES ON WORKING HOURS INTO THE CONTRACTS               MANAGERS ALREADY HAVE TO KEEP UP                     WE ARE FORTUNATE TO WORK WITH A                  HAS BECOME AN ESSENTIAL PART OF MY LIFE.”
THEY SIGN. IN-DEMAND PRODUCERS MAY HAVE                                                                      SERIES OF IMPRESSIVE MANAGERS WHO                THE NEXT WAVE OF SKILLS - DATA ANALYSIS
                                                        WITH ALL PARTS OF THE MUSIC INDUSTRY.
A SIGNIFICANT BACKLOG OF WORK BUT, EVEN SO,                                                                  UNDERSTAND AND THRIVE IN THE FACE OF             Probably all managers have a wish portfolio of
                                                        THEY SHOULD KEEP ON DOING WHAT THEY
CONTRACTS WILL BE STRUCTURED IN A WAY THAT                                                                                                                    roles that, budget permitting, they would like
                                                        ARE BEST AT – FINDING, NURTURING AND                 PROBABLY TWO BIGGEST CHALLENGES WE
ENSURES THEY HAVE HOLIDAYS BUILT IN AND THAT                                                                                                                  to add to their companies - and these wish lists
                                                        SUPPORTING THE BEST MUSICAL TALENT                   FACE, THE “ALWAYS-ON” NATURE OF TODAY’S          are likely a strong gauge of what management
THEY DO NOT WORK AT WEEKENDS.
                                                        OUT THERE. BUT THIS NEEDS TO BE DONE                 SOCIAL MEDIA WORLD WHICH REQUIRES                companies will look like in the next few years.
This is also being added to the live business,
                                                        WITH A GLOBAL PERSPECTIVE. IT CAN BE                 STAMINA AND CONTINUING ATTENTION TO              For Prolifica’s Colin Schaverien, that list is
where breaks are added into the touring

                                                                                                                                                                                                                       SKILLS & EXPERTISE
                                                                                                             DETAIL, AND THE REQUIREMENT TO TAKE              relatively short. “Digital marketing for selling
schedule .                                              EASY TO FIXATE ON YOUR LOCAL MARKET,
                                                                                                                                                              concert tickets and selling music,” he says.
“Touring is incredibly taxing on the body and the       BUT MUSICAL SUCCESS CAN HAPPEN                       A GLOBAL PERSPECTIVE FROM DAY ONE.
                                                                                                                                                              “Simple as that.”
mind,” says Colin Schaverien. “What we’re trying        ANYWHERE. MANAGERS NEED TO THINK                     AN INTERNET WORLD IS BY DEFINITION A
                                                                                                                                                              However, data management might appear a
to do as a company is go, ‘Right. How long do                                                                WORLDWIDE WEB.
                                                        GLOBALLY.”                                                                                            particularly pressing area to invest, given its
we think this band are comfortable on the road?’
                                                                                                             ALISTAIR NORBURY, PRESIDENT,                     importance across streaming, live and social
The economies of scale of touring make it much           PETER LEATHEM, CHIEF EXECUTIVE OFFICER, PPL
                                                                                                                                                              media, most managers say that having a data
easier to keep a band on the road for five or six                                                            REPERTOIRE & MARKETING, BMG UK
                                                                                                                                                              team is, for now, a luxury they cannot afford.
weeks. That’s where you look to make margin
                                                                                                                                                              Instead they rely on DSP tools (like Spotify
and profits. We’re saying as a company that we
                                                                                                                                                              for Artists or Apple Music For Artists), label
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