music business classes
Last May 25 the international media reported rolling stones official was apart from Rupert’s Lowenstein prince, the manager of the business that had rescued Mick Jagger and his three colleagues from the bankruptcy in the year 1970. lowenstein still did not arrange the business rolling stones, but still played a role in several aspects of the career for Mick Jagger and team him.
The business stones, that at this time was practicing in the European tour next month, being arranged Lowenstein during the last 37 years. He was not changed by who because Jagger and his three colleagues currently arrange personally their assets that he thought achieved the figure billions dollar.
That just recently Mick Jagger entered the plank rank on the list of the’ person rich ,version the daily the Sunday time by assets Outside the Account of the bank with a value of 250 million pound sterling. he only lost from Paul mc McCartney that his value of assets achieved the figure was bigger around billions dollar also In connection with their albums were not sold in the amazing number, the production stones really depended on the concert.
This 2007 stones was paid in general around $180000 for one time appeared in concert, had not had the certain figure about the number of their payments that
That was the secret. Stones relied on the tour as the source of the production
since 1970 after made the decision wrong, that is selling their hits with the price only 162.000 pound sterling per the song to Alleen’s Klein manager. in fact his song of hits like satisfactions ‘paint it black’,so that really the behavior hard.
since 1971 stones took over the control on his royalties’s business from various sources, including the sale album. they leased the service lowenstein, an origin accountant Bavaria’ Germany that inherited his father’s business in London, England.
A year later lowenstein established the Promo group company in Amsterdam, the Netherlands.IN promo group this Lowenstein gathered royalties from the sale of the album, the presentation of the radio song, and the clip video in TV, as well as the publication business of their songs that many In recycling by other artists or for songs and the advertisement of the cinema film. Some of the tour profits in the period 1986-2006 also took part in being put in promo group.
Why did Lowenstein choose the Netherlands? Because of the tax in England famous
high and only left approximately 60 percent of the dirty profit that was obtained
by musical artists.
During the 1970 ‘s stones became one of the bands of the English origin that moved his operation to foreign countries ,like the United States, or France to avoid the too high tax. In the Netherlands, stones only paid the tax around 1,5 percent of the dirty production. In August last year promo group established three personal Foundations to accommodate assets that have been cut off the tax that was inherited for children jagger, Richards, and watt wood refused.
LYNNLEY BROWNING from international herald tribune of the edition on February 5 2007 wrote, in fact the EMI recorder company and shareholders American idol ,CKX, also flew the sale of their royalties to Netherlands . the Netherlands currently become new Tax Heaven that overcame countries Caribbean.
Countries in Caribbean traded in the profit, not royalty. whereas small countries in Europe, like the Netherlands playing in the trade in their royalties in the Netherlands pursued expensive makes like the artist or the athlete, and did not want to be gazed at as the place of the money washing like in Caribbean.
How in Indonesia?
Much less royalties, many artists in 1970 that no longer has their album collection personally.That just recently a recorder company in Germany Illegally produced the album GURUH GIPSY’1977 in the form of laser disc that was sold through the internet with the price hundreds American dollar. At the end 1970 God bless for example, was paid $4000 per the album. from this payment of each member most could not buy a car corona just that his price around $1500.000.
If the album broke out because of being sold hundreds thousand the sliver, they could the bonus.According to the observer of the local musical industry,there was also the profit-sharing system like that was agreed to between chrisye and the label musical since the end of 1970.
Because crisye was the artist that his work including the hard behavior ,he was classified as the artist who could enjoy results of his efforts adequately.
However, more artists who ran at a loss because of various commercial reasons and commercial.
Recorder companies agreed to give royalties 6-12 percent for the artist. his calculation was based on BASE PRICE that he thought 72 percent of the selling
price album, said the observer there of music but, was also Mechanical Right that the amount 5,4 percent of $1 that for the creators of the song. Then had Publishing RIGHT from various sources, including advertising. The number him could reach hundreds of millions if his contract was long.
Since long ago was current the saying that the musician’s profession still could not be in Indonesia made the guarantee that was adequate to undergo the life as in the case of in foreign. did not have the musician here that recorded the number of wealth to become the millionaire, said the observer of local music.
