Tag Archive: British Music

  1. Horus Music Wins Queen’s Award for Enterprise

    Leave a Comment

    Horus Music wins Queen's Award

    We are delighted to announce that Horus Music has been awarded the Queen’s Award for Enterprise for International Trade.

    Established in 2006, Horus Music is a global music distribution and label services company. Having initially focused on management they now offer musicians a simple and affordable solution to distribute their music and videos. Horus Music now works with over 800 music download and streaming platforms in order to provide as many opportunities as possible for musicians to earn an income from their music, while retaining full control and ownership of their music at all times.

    The company works closely with their clients to empower them with the knowledge and opportunities they need to maximise the value of their music. Horus Music is dedicated to not only  working with one multi-national company but also has partnerships with smaller, more local platforms too. Beyond this, they have opened up more possibilities for their clients by allowing them to infiltrate into massive markets with untapped potential. Within the last three years, Horus Music’s overseas sales have grown by over 180% and staff numbers have tripled.

    On hearing the news, CEO Nick Dunn added: “We are absolutely overjoyed at being recognised by Her Majesty The Queen for outstanding growth in international trade. As a company that has been built without investment from outside sources, along with the hard work and dedication of our team, this award celebrates all that we have achieved. Over the course of our history, we have diligently built an extensive network that allows everybody to achieve and to reach audiences around the world that they wouldn’t ordinarily be able to access. This awards puts us among a small group of companies within the UK to be awarded Britain’s most coveted commercial prize.”

    Director of Horus Music, Nina Condron stated: “The multiculturalism of Leicester has inspired us to ensure that Horus Music doesn’t have solely a western focus, unlike other companies. Our independent spirit motivates us to  provide each of our clients with equal opportunities for distribution and marketing.”

    Having recently opened another office in India designed to improve access to localised platforms and to offer a more personalised service to local musicians, Horus Music is already looking to do the same in even more territories.

    Ian Harrison, Director of Exports in the Midlands for the Department of International Trade said, “We are thrilled to hear that Horus Music has received the Queen’s Award for Enterprise in the International Trade category. This is richly deserved for a company that was incorporated as recently as 2006 but has grown sales both domestically and overseas year on year since then. With a commitment to put the musicians it serves at the heart of its strategy, we wish Horus Music every success in the coming years and will be delighted to continue our close working relationship with the company.”

    Emmy Buckingham, International + Membership Manager for AIM said, “AIM is committed to helping our members’ export activities and Horus Music are a brilliant example of a UK music company maximising their international opportunities to the full extent. Congratulations on receiving the Queen’s Award for Enterprise.”

    Geoff Taylor, Chief Executive BPI & BRIT Awards, said “We’re delighted that our member Horus Music has been honoured with the prestigious Queen’s Award for Enterprise for International Trade. We congratulate Nick Dunn and his team on their singular achievement and on this deserved acknowledgment of their success, recognising that small and independent music companies like Horus Music play their full part in underpinning the appeal of British music around the world, and in driving the UK’s global music exports.”

    Horus Music Ltd. wins the Queen’s Award for International Trade for Outstanding Short Term Growth.

  2. An Introduction to the Music Industry – Part 2

    1 Comment

    Catch up on part 1 here and find out how you can make money from the rights you own.

    An Introduction to the Music Industry - Part 2

    Live Performance

    Unlike copyright, which can be harder to understand, the are two other forms of revenue streams that artists will use. These two forms of making money are Live Performance and Fan Relationship.

    To make money from Live Performance is to simply monetise live performances in front of people. However, ticket income is not the only stream of revenue within the live performance setting, for instance money can be made from:

    • Tickets
    • Ticket commissions
    • Ticket resale mark-ups
    • Food and drink
    • Other services – i.e. cloak room, parking, VIP.
    • Sponsorships – the live sector has the most revenue wth brands (i.e. O2, branded beers at gigs).

    As a an artist’s fan base grows and have greater success and exposure, the live setting will change (naturally getting bigger). Here are the steps that most artists and bands traditionally follow as their live setting changes:

    1. Self promoted gigs, pay to play.
    2. ‘Gig’ or ‘Club’ nights, festival new bands stages.
    3. Club and pub venue touring, festival stages.
    4. Theatre venue, festival main stages – this is the stage where artists will start to make ‘real’ money.
    5. Arena touring, potentially headline slots at festivals
    6. Stadium touring, headlining festivals.

    Fan Relationship

    In the digital age, as record sales diminish and the popularity of streaming services have drastically increased, using a fanbase as a source of revenue has become a major focus for new bands and artists. With the use of social media, artists now have a way of communicating with their fanbase and to get to know them better. This means that artists can find out what the core fans want, and consequently, can find out what to sell to them.

    As an artist, once you have an engaged, growing fanbase, you can start to sell them products and services, such as:

    • A subscription service (i.e. an online fan club)
    • Signed records
    • Deluxe records (with extra content such as, B-sides, demos, acoustic versions etc.)
    • Premium merchandise

    Using the combination of you (the artist), your music and your live shows, you can sell content, experiences and a relationship to your fanbase. In addition, if a sizeable fanbase is created, brands and companies may want to start a partnership with the artistic order to reach that audience, as well as exposing you to their customers.

    These three revenue streams are all built on and rely upon building a group of core fans. To provide them with content, different experiences and an ongoing, engaging relationship, artists will usually have to depend on creating partnerships with other roles within the music industry.

  3. An Introduction to the Music Industry – Part 1

    1 Comment

    The music industry can be a mysterious place. It’s important to what what each area of the industry does and how you can earn a living.

    An Introduction to the Music Industry - Part 1

    Intellectual Property

    Intellectual property is based around Copyright. Copyright is present in all forms of intellectual property, from film to music to journalism. Although the specifics can vary from country to country,  usually the creator owns all the rights. Unless the creator is employed to create something, in which, the employing company would own the rights. In each creative industry, especially the music industry, there are many rights that can be owned by different parties (the artist, songwriter, record label etc.).

    There are several rights involved in a singular release (single, E.P., Album). Here is an explanation to what they grant the rights to and who would own these rights:

    • Song Rights: Covers Musical Composition, Lyrics, Performance rights and Publishing Rights (mechanical rights, print rights, synchronisation rights).

    Often owned by the artist or the band. These rights can often be split amongst band music partners, i.e. Elton John (composer) and Bernie Taupin (lyricist), or have joint owners amongst a band, i.e. John Lennon and Paul McCartney.

    • Recording Rights: Covers Recorded Rights, Mastering Rights and Music Videos.

    Often owned by whoever pays for these services, i.e. the record label.

    • Artistic Rights: Covers Artwork and Photography.

    Often owned by the artist or photographer who creates/takes these.

    Making Money and Licensing

    If you own all the rights on a song (excluding artistic rights), you can control:

    • Re-production = re-recording your music.
    • Distribution = distributing your music to stores and streaming platforms.
    • Public Performance = your music being played publicly.
    • Adaption
    • Communication/Broadcasting = your music being played on radio
    • Synchronisation = your music being in film, TV, video games, advertisements and other forms of visual media.

    As the rights holder, you make money by Licensing these. Licensing means giving permission to others to use your property, and so as an artist, songwriter, record label etc. you can sell licenses (permission) for the above actions to other artists and industry members.

    NOTE: Copyright does not last forever i.e. in the UK copyright for recording rights last 70 years, becoming public domain afterwards. However, owners of these rights have found ways to renew these rights. For instance, as the recording rights for specific songs have started to run out, record labels have begun re-releasing music to renew the recording rights (which will last for another 70 years in the UK).

    Trademark

    People often get Trademark and Copyright mixed up, however unlike Copyright (which is automatically in place), to trademark something registration is required.

    There is no copyright in the name of an artist or band, however artists and bands can register their names for trademark (requesting which sector you are protected, i.e. Oasis – Band, Oasis – drink and Oasis – clothes retailer). Artists who trademark their name in entertainment can license their name to fashion, perfume, beer etc. For artists that reach a certain level of ‘success’, a lot of money can be made from trademark licensing.

    Artists and Bands may look to have the following trademarked:

    • Names
    • Logos
    • Slogans

    NOTE: Certain words cannot be trademarked, for example: swear words, key religious figures, city names.

    Part 2 covers how to make money from live performances and from an engaged fanbase.