Description:

Read the scenario below . The Sisters Of Chertsey are a successful five-piece UK band that has just released their fourth album “Rust” on Universal Records. The retail price of this is £12.99. The lead singer and guitarist Jae Suburbia is the sole writer of the songs on the album, and the company Holland Park Publishing publishes him. The other members of the band played on the album and it was produced by the labels decision by the experienced Sandy Beech who has won several Brit and Grammy Awards in the past five years. The band is on a royal rate of 13% of DPP, 3% of which is paid to Sandy Beech. The band is playing a sold out show at Wembley Arena that has a capacity of 12,500 in December to promote the release. Ticket prices are £40.00. From this scenario and assuming the standard formulas write a report that analyses and identifies the following elements. You may use a spread-sheet to demonstrate this. 1. How is the retail price broken down and distributed to the following: a) The Store. b) The Government c) The Songwriters d) The Distributor e) The Label f) The Artist 2. How is Sandy Beech’s royalties generated and will she received her money before or after the band? 3. What is the gross income from ticket sales at the Wembley Arena show how is it collected, and using the current licencing figures how much of this money is paid to the songwriters?

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