Magnanimous Music Mogul Maneuvers Magnificent Marketing!
If you live on Earth, you have heard about the deal between
Country Music Legend Garth Brooks and mega super store,
Wal-Mart. Brooks, who has always proved to be a marketing
innovator, has inked a deal that is sure to set the music
industry on fire. Recently parting from his label, Capitol
Records, the deal grants sole distribution rights to Wal-Mart.
What can we learn from Garth? First, he's all about the
business, his fans, and marketing, something I speak about
repeatedly both on my weekly radio show as well as in my book,
The Indie Guide To Music, Marketing and Money. While Brooks has
not recorded a new CD since 2001, his least successful by
Brooks's standards, this marketing genius still captures
headlines, creating urgency for his music.
How does he do it? Brooks learned from his time in the trenches,
when every label rejected him sometimes twice, it's all about
the business. Brooks took the business very seriously and
handled his contract negations with incredible savvy and skill.
One of the most important negations he made was to make sure he
owned the masters to his own music.
Because Brooks owned the music, he received a higher percentage
of the gross, which helped insure he covered the recoupable
costs the labels receive. Ultimately, whether he was still with
Capitol or not, he owned his music and that enabled him to be
able to do whatever he wanted with it.
A big mistake label seekers make when in negotiations is to let
go of their rights in order to get the "prize." If you give up
your rights and your label shelves the project and drops you,
anything you created is theirs, even if you wrote the music. You
can't take it with you unless you have a lot of money and a
really great lawyer. But even so, the label has the final say.
There is a lot we can learn from the masters and this is one
lesson I hope everyone is able to hold on to; learn the business
and always get legal advice and counsel before you go into
contract negotiations. If you don't know a really great
entertainment attorney, I have a few I would highly recommend.
Here is their contact information: Jordan Keller and Miller
Hogan of Lassiter, Tidwell and Hildebrand (615) 259-9344. To
find out more about these two lawyers go to:
http://www.lassiterlaw.com. Jordan, whose clients include the
Backstreet boys will be on my show in a few weeks, so don't miss
it! To a better day in every way ~ Jaci Rae "The Rae of Hope"
Copyright 2005 Jaci Rae
About the author:
Jaci Rae is the #1 Best Selling author of "Winning Points with
the Woman in Your Life One Touchdown at a Time" ISBN 0974622907
and "The Indie Guide To Music, Marketing and Money" ISBN
097462294X as well as the host of the Jaci Rae show. To hear
Jaci's popular show, with some of the top behind the scenes as
well as famous bands go to: www.jacirae.com click on the weekly
show link.
Written By: Jaci Raqe