Iconic works in direct partnership with artists, their managers, record labels and publishers, and legal heirs to provide a solution that unites the music with the brand to … Sales will occur within a fifteen-month time frame from the release date. NFTs could, theoretically, cut out middle men, like record labels or art auction houses, as artists can “mint” their own NFTs and use platforms like Nifty Gateway to sell their work and retain more of the profit (it does cost to mint an NFT, to create a new block in the chain, which could be cost prohibitive for some artists). DJA will hold the right to redeem the preferred shares from holders at $2.50. 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YouTube was founded in 2005 by Chad Hurley, Steve Chen, and Jawed Karim.The following year, Google acquired it for US$1.65 billion. “Iconic feels a void in the music business for legendary artists: a trusted steward for an artist’s intellectual property with the expertise to maximize the value of assets and maintain their brand. Projects produced through New River and Swell require $121,000, Sun Recording’s projects (Inspirational/Gospel) require $80,000 and Urban projects (Rap/Hip Hop) require $45,000. The chief marketing objective for DJA’s pre-recorded music, video and programming products centers on the design and implementation of a strategy that will cost-effectively deliver that product to the intended target market. This will be achieved through a marketing plan consisting of the following tools: publicity, community outreach, advertising, art direction, radio promotion, independent promoters, broadcast music videos, touring, retailer co-op advertising, motion picture tie-ins, alternate distribution outlets, Internet, dance club promotions, mailings & telephone follow-ups. A working relationship with either of these companies will allow DJA to readily expose its music products to the world’s largest music markets, while generating $8.50 -$9.50 per unit sold. Music, Film, TV and Political News Coverage. As artists, producers and executives, projects produced by these individuals have topped Billboard’s Charts, earned nominations for Grammy and Stellar Awards, while selling over two million copies. Funds will be used to establish corporate offices, maintain overhead expenses, acquire and secure artists, fund project production budgets, and fund multi-faceted marketing and promotion budgets. Projects produced and released from New River will be allocated approximately $781,000 while $390,000 will be slotted for Urban projects. Due to his experience in the Jazz niche of the music market, Max has developed a solid network of personal contacts with radio promoters, musicians, producers, and executives. For purposes of revenue forecasts, management has projected varying unit volumes for each of its projects. The size, strength and reliability of DJA distribution partners will provide a traditional financial institution or an A/R Factor with the proper security to create a working relationship for DJA’s paper. DJA possesses the right to re-purchase the debentures at $1.00 within a five-year period from allotment. A record producer or music producer is a recording project's creative and technical leader, commanding studio time and coaching artists, and in popular genres typically creates the song's very sound and structure. To be entrusted as the custodian of this incredible art and legacy is both humbling and thrilling. The company will maintain a cash balance of at least nine months of operating expenses to ensure an adequate buffer for collecting receivables and unforeseen costs associated with this industry. With properly established budgets, DJA Music will generate large streams of profits from each of its projects. DJA will generate over $5.7 million in sales revenue in 2009, and $26.3 million in 2010. DJA has formed an experienced, award-winning management team. DJA has distribution lines in the United States, Japan, United Kingdom, Germany, and South America, and therefore target the citizens of those countries. See our. For more than half a century, we’ve witnessed generations of fans from all corners of the world come together to celebrate our music, dancing and singing along to the songs that we have loved and performed for decades. Record labels are often under the control of a corporate umbrella organization called a "music group".A music group is usually owned by an international conglomerate "holding company", which often has non-music divisions as well.A music group controls and consists of music-publishing companies, record (sound recording) manufacturers, record distributors, and record labels. All rights reserved. Working in the realm of Christian music, Erik has developed a cadre of affiliations. Sun Records is designed and created to produce and promote inspirational and gospel Recordings. These vendors will be selected based upon quality of product, ability to meet delivery deadlines, payment terms, inventory and storage options, as well as price. DJA will create space on its web site for each artist signed to the company. In response to the growing popularity and necessity for a presence on the Internet, DJA will create and design a web presence for itself. While artists from Bob Dylan to Calvin Harris have sold their publishing or recorded-music assets over the past few years, this more-encompassing move seems most similar to recent deals made by Primary Wave, which has not only acquired song-based assets but also artist brands and likenesses, such as their 2017 deal with the Bob Marley estate. As each label grows in terms of sales revenue and the number of recording artists, additional staff will be added to provide necessary support. The majority of accounts receivable will be outstanding from the distribution company, which receives payment directly from retailers and will subsequently remunerate DJA. Swell Records is responsible for Jazz and new Adult Contemporary products. One page contains enough for one unit. The majority of the pre-Recorded music product will be stored with the manufacturer and shipped directly to the distributor’s fulfillment/distribution centers. Marketing budgets will be expired through the course of twelve-month marketing campaigns. Each division has been created with a distinct and specialized reputation of its own, and will be responsible for a separate genre of music. Erik Tylor, Senior Vice President (Sun), has developed a multi-faceted background with experience in finance and banking, in addition to comprehensive experience in the entertainment industry. Mr. Tylor honed and developed his management and production skills with New Sounds Productions. Labels had a clear information advantage: They controlled the books, and defined profits and expenses. As we look towards the upcoming 60th anniversary of The Beach Boys, we wanted a partner to help expand opportunities for our brand, while continuing to preserve our tradition as a band whose music transcends the test of time. DJA has also identified and signed several successful recording artists, which have already had combined sales of over 2 million units over the last 3 years. Fulfill required fiduciary responsibilities to investment partners. Revenue will also be earned from the sales of digital music through iTunes and other online retailers. DJA projects revenues of over $5.7 million in its initial year, growing to $26.3 million by 2010. Dwarfing all that in significance is streaming, which has become the industry's primary revenue source, despite giving a pittance to the vast majority of artists. DJA seeks to keep the structure of the financing simple and flexible. A multi-million dollar facility, the quality of Sharp’s equipment, the architecture of the studio and its atmosphere are conducive to creating the highest quality projects in a cost and time effective manner. Iconic works in direct partnership with artists, their managers, record labels and publishers, and legal heirs to provide a solution that unites the music with the brand to efficiently drive value in both.”. Variety and the Flying V logos are trademarks of Variety Media, LLC. Additionally, its strategic alliances with distribution partners and its experienced management team lead to an advantage for the company. A qualified, experienced and talented staff has been selected to operate DJA Music and its associated labels. DJA follows a typical hierarchical structure with each label’s Vice President reporting to the President, who in turn reports to the Board of Directors. DJA will release and promote three to four singles from each full-length album project. The preferred shares will carry 13% dividend to be paid annually. Urban Records will create and produce Urban, Rap and Hip Hop genres. Record stores, alt-weeklies, and other elements that nurtured local music scenes are largely gone. A second phase consisting of sixteen productions for artist follow-up albums and newly acquired artists will begin in late 2009. And I’m thrilled that the Beach Boys want to stay invested in the growth of the incredible cultural brand they created.”, Olivier Chastan, founder and CEO of Iconic Artists Group continued, “Ever since hearing the opening guitar notes of ‘Wouldn’t It Be Nice’ as a teenager, The Beach Boys have been one of the permanent soundtracks of my musical life. Most recently, Mr. Hertel served as the Executive Vice President for Star, in Nashville. The company has established four record labels to handle a variety of music genres including Pop, Rhythm & Blues, Alternative Rock, Jazz, Gospel, Urban and New Adult Contemporary. recordJet has been an extremely competent and very likeable partner for us in making music digitally available, right from the start. For more than half a century, we’ve witnessed generations of fans from all corners of the world come together to celebrate our music, dancing and singing along to the songs that we have loved and performed for decades. DJA Music and its associated labels will produce and release four projects from each label in each of the first two years of operations. Additional income will be produced from distribution, video, merchandising and concert promotion. The influential MC's chart-topping career included five Number One albums, but was beset by drug and legal issues. Partnerships with these companies will be dictated by the strength of company management, the quality of both their artist and product and the size of their marketing and promotion budget. Produce music, entertainment and performances with your own company. Currently, Sean Hertel is the Director of Gospel Music, for Share Music, also located in Nashville. According to the announcement, the members of the Beach Boys and their heirs will retain an interest in their assets to “participate in the upside Iconic expects to create by actively marketing and promoting the Beach Boys.”, Terms of the deal and further details were not immediately available, although much of the group’s classic ’60s catalog is owned by Universal Music Group. DJA Records Corp. is a multimedia entertainment company, which will supply profitable, positive, audio and visual entertainment to a diverse, international consumer group. Pairing popular artists from the worlds of R&B, hip-hop, dancehall and gospel, Verzuz was launched in March 2020 in the wake of COVID-19. Position the company to allow investment partners, founders and employees the opportunity to financially capitalize on DJA’s profitability. DJA will earn between $2.50 and $3.00 for each unit manufactured and distributed. © 2021 Khera Communications, Inc., Publishers of MoreBusiness.com. A renowned producer, and recording artist, and employee with such major companies and labels as Cook Distributing, Simpson, Star and Edwards, Mr. Chapple has directly produced and contributed to over $100 million of revenue for major record companies throughout his career. Label Vice Presidents will solely handle the majority of these functions for their particular label with the assistance of shared administrative staff. In these strategic alliances and joint ventures, the larger company may invest money to: a) assist in completing album projects, b) manufacture compact discs and tapes and c) assist with marketing and promotion plans. 1992 Axis Records was conceived and officially registered as a solely owned business in New York City by Jeff Mills.. 1993 Opens an additional office in Detroit, Michigan. Download our free marketing plan example to create a detailed plan for your business. The marketing and promotion budget will be divided into twelve to fifteen-month campaigns, each consisting of three phases: “single” promotion through music video and airplay; media exposure through radio, television, and online; and full length album release and promotion. After 23 months, DJA will become cash flow positive and self-sustaining. A small amount of sample (1,000-2,000 units) and promotional products will be kept on hand at DJA corporate offices. There’s a long history of crooked record deals, Black artists having their music ripped off and sold to white audiences, top bands seeing nothing beyond their advance because the label had to … This assemblage is poised to utilize its combined skills to ensure the growth and profitability of DJA. Try Morebusiness.com apps free for 30 days. DJA will reach positive cash flow by the end of our second year, while netting profits of $4.5 million in 2010 and $6.6 million in 2011. History. The 27-year-old singer became a household name in East Africa since joining Diamond Platnumz's Wasafi Classic Baby record label in 2015. Several manufacturers that DJA is currently considering are: Brume Manufacturers, Inc., Pearl Manufacturing, and Jam Manufacturing. DJA will generate the majority of its revenue from the sale of pre-recorded music product. The worst-paying platform historically has … The record producer, or simply the producer, is likened to a film director. We are confident that Irving and Iconic are the ideal partners and are confident that The Beach Boys’ ongoing legacy is in the best possible hands. This provides DJA the opportunity to generate revenue from the world’s largest music markets including Japan, Germany, the United Kingdom and South America. NEW RIVER – 3 Singles – 51,000 units/single release, URBAN – 2 Singles – 51,000 units/single release, SWELL – 2 Singles – 25,000 units/single release, SUN – 3 Singles – 25,000 units/single release. In 2020, music was as much a comfort as it was a catalyst for change — a reflection of how we live, and a tool to improve it. Inventory – Inventory for album releases and upcoming product has been conservatively projected. Intense, calculated and relentless promotional campaigns will enable DJA to earn massive revenues through the growing popularity of “singles”, as well as traditional full-length albums. With only $1.7 million in liabilities, retained earnings are projected to grow quickly, leading to higher net worth for stockholders. A linked offering composed of common stock, preferred stock and debentures is being offered by DJA. The industry has evolved considerably, and now digital distribution has become the primary method for selling music to consumers. ... Use this PDF label template to print labels for your M-300 unit onto standard 8.5"x11" sticker or magnetic laser/inkjet paper. After four years it is projected that DJA will hold approximately $20 million in cash and liquid assets, with a total assets equating to over $28 million. Phase 1 is a linked offering meaning that for each share of $1.00 common stock purchased, a $1.00 debenture must also be purchased. The Board of Directors has authorized the issue of 4,000,000 shares of common stock, in addition to debentures for the first and second phases of the offering. These albums have generated over $100 million in revenue for such companies as Cook, Simpson, Star, Edwards and Taxi Records. DJA’s founders are seeking $4.5 million in equity investment capital for this exciting company. Most recently, he has concentrated on his solo career which has produced four Jazz albums for Star. Additional DJA profit centers will include distribution services, video sales revenue, merchandise sales revenue and concert promotion revenue. The majority of the DJA projects will be produced at Sharp Recorders, in Miami. The company will compete and earn revenue immediately through the creation of several lucrative profit centers, beginning with pre-recorded music. Each of the albums that DJA produces and owns will create valuable short-term streams of revenue. The shares in the second phase will also be linked offering: two common shares linked together with one preferred share. Four Record labels comprise the company’s music division. Considering the onslaught of product released to the music/video market each month (1,200 new releases) worldwide, it is crucial to ensure the visibility of each project. These affiliations are invaluable to DJA and will allow the company to make an instant impact in the marketplace. Build a profitable, reputable and stable entertainment company. DJA Music has begun discussions with a variety of known Recording artists who are interested in signing with DJA Music. I want to thank Brian, Mike, Al, and the Carl Wilson family for their belief in Iconic’s unique mission.”, Music Industry Moves: Universal Music Canada Names Kardinal Offishall Senior VP of A&R; Matt Gudinski Upped at Mushroom Group, Doja Cat and SZA’s Trippy Video for ‘Kiss Me More’ Sends Alex Landi From ‘Grey’s Anatomy’ on a Dangerous Odyssey, ‘Shameless’ Signs Off With the Loss of One Gallagher and Still-Lingering Questions About Others, ‘Big Brother’ Star Nikki Grahame Dies at 38, Prince William Drops Out of BAFTA Awards Following Prince Philip’s Death, Chloé Zhao Wins Top DGA Award for ‘Nomadland’, ‘Godzilla vs. Kong’ Raises the Question: Is Nonsense the New Normal? Mr. Dove, a graduate of the Smith Center, in the Business School at the University of Florida, provides DJA with a wealth of tangible business experience. DJA distinguishes itself through the commitment it undertakes with each of its artists. Because of the extended nature of A/R in the industry (typically 60 days), DJA will utilize A/R Financing to assist its cash position in the first two years of operations, or longer. DJA Music will utilize its distribution network to allow for the distribution of projects for smaller, independent record labels. DJA is composed of three internal divisions: DJA Music, DJA Video, and DJA Ancillary. Achieve profitability and month-to-month positive cash flow by the end of 2010. Artist Royalties will be accumulated and paid bi-annually, in August and February. “I am honored that the Beach Boys have entrusted Iconic to preserve and grow their legacy. DJA’s Chairman, Brian Chapple, has created, produced and marketed over thirty albums throughout his career. These funds will be used to: a) establish corporate offices, b) maintain overhead expenses, c) acquire and secure artists, d) fund project production budgets, e) fund multi-faceted marketing and promotion budgets. “The rights are split — it’s not the end of the world,” says Iconic’s Olivier Chastan. As DJA reaches profitability and becomes a stable operation, several lucrative exit scenarios become viable. Its per-play rate was between 0.003 and 0.005 cents in 2020 for most artists, according to Digital Music News. Iconic will represent the band in a way that will only enhance, I think, the value for everybody.”. Company founders have had discussions with numerous record labels across the country that are interested in working with DJA. Universal’s Bruce Resnikoff explained, “We have the original recordings, and we have the publishing, but our ability to do the most with this band relies on the ability to work with the band. DJA is incorporated in the State of Florida with 10,000,000 shares of stock. Once Phase 1 has been fully subscribed, DJA will issue 1,500,000 shares of common stock at $1.50. It’s where advice, assistance and huge levels of motivation help artists, start-up companies and labels to distribute their music! Order/Download Now! Use this entertainment business plan example to start your production company. Contrasting the typical scenario in which a record company spends more money producing the music than they do in its marketing and promotion, DJA will utilize a stable of experienced and resourceful producers to ensure the highest quality product within established production budgets. 1994 Re-locates New York office to Chicago, Illinois and closes Detroit office.. Sean Hertel, Senior Vice President (New River), provides an impressive blend of entertainment and general business which will be instrumental in leading New River. DJA has compiled an exciting and diverse roster of recording artists. Iconic works in direct partnership with artists, their managers, record labels and publishers, and legal heirs to provide a solution that unites the music with the brand to … Mediagazer presents the day's must-read media news on a single page. Located in Miami, Florida, the company will become highly profitable through the sale of pre-recorded music product, and ancillary profit centers. DJA is committed to wholesome entertainment across the board and firmly believes that quality palatable entertainment can be realized without compromising commercial appeal. Perfectly Fine' | Billboard News Projects from both Swell and Sun will utilize approximately $240,000. We are very proud of what we have achieved as The Beach Boys and how our songs continue to resonate with our fans.”, , founder and CEO of Iconic Artists Group continued, “Ever since hearing the opening guitar notes of ‘Wouldn’t It Be Nice’ as a teenager, The Beach Boys have been one of the permanent soundtracks of my musical life. Record the output of the M-300 Main, assigned AUX bus or MATRIX bus directly to a USB memory drive connected to the built-in USB port. DJA’s ability to claim top dollar from these international distribution companies will enable it to earn a middleman fee on the distribution and manufacturing of other companies’ products. 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Sales fell sharply over the course of the next six years, mainly due to the popularity of file sharing on the internet. Major Recording companies frequently invest in independent labels when confidence in the company’s roster and management exists. Despite the fact that lead times for manufactured products are approximately two weeks, DJA’s financial model calculates inventory purchases in the following manner: 30%-60 days prior to sale and 70% – 30 days prior to sale. When an employee hands over the rights to their employer for an invention made prior to employment, it is important to get that agreement in writing. Phase 1 is composed of 500,000 shares of common stock and 500,000 debentures (12.5%). As we look towards the upcoming 60th anniversary of The Beach Boys, we wanted a partner to help expand opportunities for our brand, while continuing to preserve our tradition as a band whose music transcends the test of time. This has opened the door for smaller record labels to compete with major labels on an equal footing. Furthermore, utilizing the latest technology, visitors to the web site will be able to sample music clips from DJA’s artists. We are confident that Irving and Iconic are the ideal partners and are confident that The Beach Boys’ ongoing legacy is in the best possible hands. Independent labels have been described by knowledgeable music industry professionals as “the lifeblood of the business.” In fact, in 2005, independents accounted for over 19.2% of the music industry’s market share, equating to sales of approximately $2 billion and 180 million units. The company has established four record labels to handle a variety of music genres including Pop, Rhythm & Blues, Alternative Rock, Jazz, Gospel, Urban and New Adult Contemporary. The media business is in tumult: from the production side to the distribution side, … The U.S. record business, which grossed four billion dollars in 1990, exploded to eight billion dollars in sales by the end of 1995, with a unit volume of 726 million records sold. Accounts Payable – For purposes of this financial model, A/P is separated into two categories: Manufacturing A/P, and Artist Royalty/Mechanical A/P. The target market for DJA Records is very diverse, as the company has four distinct labels, which clearly target the intended market, based on listening preferences and music genres. The software includes. New River Records produces and promotes mainstream Pop, Dance, Alternative Rock and R&B. Relationships with artists, concert promoters, program directors (radio stations) and ministries across the United States will be beneficial to his role as the Senior Vice President of Sun Records. Download this Entertainment Business Plan free for easy editing in Microsoft Word: DJA Records Corp. (DJA) will capitalize on the growing entertainment market across the world through the production and promotion of high quality entertainment. DJA may be acquired by a major record company, or the shareholders may liquidate their ownership positions through sale of shares to management or outside investors. File sharing has been curbed, but the internet has taken a key role in the music landscape. Taylor Swift Fans Share Theories on Who is 'Mr. The current retail price averages approximately $14.72. During the course of 2009, DJA Music’s Artist and Repertoire Department will locate, assess and consider additional Recording artists. Rock and Roll Hall of Famers the Beach Boys have become the latest artists to sell their catalog and other assets: The group announced Thursday that Irving Azoff’s recently launched Iconic Artists Group has purchased a controlling interest in its intellectual property, including their sound recordings, the brand, select musical compositions, and memorabilia. Accounts Receivable – A/R are conservatively projected with 45% of A/R collections occurring in a 1-29 day period and the remaining 55% in a 90-120 day period. DJA will outsource this function to one of many manufacturing outfits in the industry. Staff members have honed their skills in the areas of project production, artist & repertoire, marketing and artist promotion. Wherever possible and feasible, staff will be shared between labels in an effort to minimize unnecessary overhead. Established relationships and affiliations in the industry enable DJA to produce its projects over a ninety-day period, for approximately half the typical cost paid by a major label record company. DJA has formulated a simple but successful approach to market its products. Project Production Budgets – These vary depending on the genre of the project. A key factor affording DJA the opportunity to capitalize on this is the company’s close, personal relationships with both Cook Distributing and the Smith Group. DJA Music is DJA’s primary thrust for the first several years of operations. DJA will utilize the success of its pre-recorded music to develop profit centers in independent distribution, merchandise and concert promotion. 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