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Details

Survey of the RI Chapter 8
Chapter 8
30
Music
Undergraduate 2
11/09/2008

Additional Music Flashcards

 


 

Cards

Term
Four Functions
Definition
1. Product ::
2. Pricing ::
3. Promotion ::
4. Place(Distribution)::
Term
Marketing Concept
Definition
The creation and delivery of a product that will satisfy consumer needs, at a price that will allow a profit to be made for the organization.
Term
Label marketing structure
Definition
Sales, promotion, and publicity functions.
Term
Label options for distribution
Definition
Handled separately. Either through a major distribution system, or an independent distributor.
Term
Product Consideration
Definition
1. Style and Quality of the artist being recorded. ::
2. Packaging of the final product

* Both of these must be keyed to demand and taste, but need to fit with other of the label's products.
Term
Mainstream Market
Definition
4 Genres.
1. Rock
2. Urban/ Rap
3. Country
4. Pop/easy listening

70% of market
Term
Catalog Product
Definition
1. Value does not end once it drops of the charts.::
2. The recordings remain available to retailers through the labels catalog of products.
Term
Product Sales defined
Definition
Taking place within 15 months of release
Term
Catalog Product Sales
Definition
Sales after 15 months of release
Term
Greatest hits package
Definition
Continued success. Popular with consumers who recently got into an artist with an extensive catalog
Term
Boxed Set
Definition
Elaborate form of greatest hits. Usually reserved for long careers or historically significant artists.
Term
Singles
Definition
Primarily a promotional tool. What most radio stations actually play, although many play cuts from the album. :: 2. Used to be an item to sell. Declined since 1973
Term
Downloadable singles
Definition
1. Whether or not they're a success remains to be seen. .99 ::
2. 2003 Billboard soundscan data for download singles
Term
MSRP
Definition
Manufacturer's suggested retail price
Term
Three Prices Levels
Definition
1. Front Line - New release. Highest. ::
2. Mid line - New artist, catalog product. ::
3. Budget Line - Deep catalog or fading artists. Less than 2/3 of price of front line ::
Term
Driving force behind promotion
Definition
Belief that consumer WONT buy album until they've heard a cut.
Term
Primary exposure
Definition
Radio/TV, Record Store, Live performance, Internet streaming, anywhere the consumer hears the music.
Term
Secondary Exposure
Definition
Ads, record reviews. Promote awareness of the existence instead of the content
Term
Radio Promotion
Definition
Still main form of promotion for albums in the mainstream
Term
Record Promotion Person
Definition
person who's job is to get radio airplay for records released by a label
Term
Independent Label
Definition
Not owned by major and has its records manufactured and shipped to various independent dist. around the country.
Term
Major Label
Definition
Owned by one of the 4 conglomerates and has its own dist.
Term
Independent Distributor
Definition
buys records from indies. and sells them to retail stores and to one stops that handle all lines
Term
Branch Distributor
Definition
Sells only the labels manufactured by its corporate owner or other labels the parent company agreed with.
Term
One-stop
Definition
Sells all labels. Purchases from branch and indie dist. Sells to individual stores whether they are mom and pop or individual locations of retail chains.
Term
Mom and Pop Stores
Definition
Single stores or very small chains. By from one stops.
Term
Retail Chain
Definition
Group of stores with a common owner. Most buy from one-stops that are owned by the same parent company as the chain.
Term
Universal Product Code (UPC)
Definition
Identifies sales of items. Contains a bar code read by laser or other light and then data is recorded about artist, album, sales per month, day, week.. etc..
Term
Soundscan in the beginning
Definition
In 1989, Mike Shalett began it. They worked out with retailers to get Point of sale data and compile it and make nationally available reports.
Term
Broadcast Data Systems
Definition
Billboard's BPI Communications affiliate to monitor airplay by computer. It used to be by honesty of program directors.
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