Music Industry and Business Flashcards

Grade 11 · Music · Flashcards

Essential vocabulary for understanding how the modern music industry is structured, how rights work, and how artists get paid.

Flashcards

Master Recording
The original recorded version of a song; whoever owns the master controls its distribution and licensing.
Composition Copyright
The copyright on a song's underlying melody and lyrics, separate from the master recording.
Record Label
A company that funds, distributes, and markets music in exchange for ownership of masters and a percentage of royalties.
Music Publisher
An entity that manages a songwriter's composition rights, licenses their music, and collects royalties on their behalf.
Mechanical Royalty
A royalty paid to the songwriter/publisher each time their composition is reproduced — via streaming, download, or physical copy.
Performance Royalty
A royalty paid when music is performed publicly (radio, concert, streaming); collected by PROs like ASCAP and BMI.
Sync License
A license to use music in visual media (film, TV, ads, games); requires clearing both master and composition rights.
Advance
Upfront money paid by a label to an artist; treated as a recoupable loan against future royalties.
Recoupment
The label's recovery of its advance from artist royalties before the artist receives additional earnings.
360 Deal
A record contract where the label takes a share of all artist revenue streams, including touring, merch, and endorsements.
ASCAP / BMI / SESAC
Performing Rights Organizations (PROs) that license public performances of music and distribute royalties to songwriters and publishers.
Independent Artist
A musician who releases music without a major label deal, typically retaining ownership of their masters and a larger share of revenue.
Streaming Payout Rate
The per-stream royalty paid by platforms like Spotify, typically $0.003–$0.005 per stream, requiring millions of plays for significant income.

Get a personalized course on Music Industry and Business built around your child.