"Cover Me" Website (A Song Driven "Reality" Web Series) 100 Covers - 12 Episodes
KINGS/COVER ME - Revenue (Income Breakdown) | CKs-Revenue
Our PRODUCTS will be 100 Unique "Cover King" Versions and 12 Episodes of the "Cover Me" Show. (These we will Sell to the Sources below). Our Budget is $45,000.00 (Investor Return is 150%)
Our Company Income will be drawn from three separate Sources –
1.Per Song Fees - For
placement in TV Series, Commercials, Movie Soundtracks
etc... (See rates Below)
Making Money in Music (The Figures below represent the Income Potential for our Unique Products)
$45,500 : One song on a million-selling CD. This is based on the 9.1 cents per album sold mechanical license rate with a publisher taking 50%. If the songwriter self-published their music, then they would get the full $91,000 per million albums sold. This rate can further be reduced if the label or artist has negotiated a reduced mechanical rate. Standard reduced rate is 3/4 or 6.8 cents per album sold.
$15,000 – $60,000 : Feature film, one song, writers and publishers share sync fee’s. (Synchronization License - syncing music to moving images). This can vary greatly depending on the use of the song in the film. A song used for the end-credits or trailer would demand much higher fees than a song used in the background. This is all negotiated between the music supervisor and publisher (or songwriter if he/she has been able to make the film aware of his/her music). Well known songs can demand more where unknown songs will garner much less from a sync license. The exposer may be worth the low sync license though as people who see the movie hear the song. If a soundtrack is released, this will lead to mechanical rates generated from soundtrack album sales (see above).
$20,000 – $100,000: Non-hit song, national commercial. Advertising agencies and music supervisors are looking for new music to use with commercials and sometimes prefer unknown songs and independent artists as they are less expensive.
$75,000 – $1,000,000: Hit song, national commercial.
$60,000 – $70,000: Unknown song, major film trailer.
$12,000 – $100,000 : Known song, major film trailer. ”Negotiations will take into consideration whether or not the song that accompanies the visuals is a theatrical trailer for in theater use only, or a television or internet commercial.”
$300,000 + : Hit song, major film trailer.
$2,500 – $20,000: Song used in video game.
$1,000 – $3,000 : Indie artist, network television show all-in (master + sync) fee. All-in meaning the TV show gets all options for use of the song without further payments. So if the show was later released in a different medium such as an internet channel, home video, or on-demand, the show would not have to pay more monies to the songwriters.
$800,000 : U.S. radio and television performance royalties, hit single. There are three performing rights societies that make sure the copyright owners of songs are paid performance royalties when those songs are performed in public. This includes radio, television, restaurants, nightclubs, dance halls, websites, and other venues and broadcasters. The three societies are ASCAP, BMI, and SESAC and they receive payments from the music venues stated above for the right to perform the songs in their respective catalogs. The performance rights agencies use their specific systems to determine the amount of times songs are played throughout the different venues and send publishers / songwriters royalties checks based on amount of play. Published songwriters must choose which agency to register with based on the different pros and cons of each organization.
0.66 cents : iTunes takes .34 cents per download from the standard .99 cent fee charged (although the rate now varies between .66 / .99 / 1.29 cents per song due to new negotiations between Apple and the labels). If a song is attached to a label, the label will take .46 cents giving the songwriter .10 cents and the artist .10 cents per download. If two songwriters co-wrote the song then this is now .5 cents per download. It is also .5 cents per download if a publisher has 50% rights to the song. Of course, you don’t need a publisher to get your songs onto iTunes or in other music stores, you can pay TuneCore a small fee and then keep the .66 cents per download. Tunecore special offer: Sign Up for a free TuneCore account, save 30% on first distribution (Note: You can also place your songs for sale right on Start My Song and keep 100% of your revenues from downloads using the Bandbox music widget.)
Again, the above numbers are just an idea of potential income that a great song can make when used through different venues. Amounts will definitely vary depending on the negotiating power between those looking for music and those providing music.
More Income Examples -
Income Examples - American Idol and Glee. (Wikopedia Data)
As of 2011 American Idol alumni in their post-Idol career have amassed a total sales of over 55 million albums and 90 million singles and digital track downloads in the U.S.
Revenue and Commercial Ventures
American Idol Tour
American Idol is broadcast to over 100 nations outside of the United States. In most nations these are not live broadcasts and may be tape delayed by several days or weeks. Episodes are aired live in Canada on CTV, but it may simsub over the Fox broadcast by cable and satellite systems, depending on provider and region.
As of April 1, 2011, Glee had placed 131 songs on the Billboard Hot 100. This has happened in less than two years time and is more chart hits than any recording entity in the history of the chart. Three of those songs made it all the way to the top 10, and 40 of those have reached the top 40. All of the charting songs have been cover versions except the two original songs "Get It Right" and "Loser Like Me" released in March 2011. More than 20 million digital downloads have been sold worldwide.
GLEE Quote -”Glee has proven there is a strong market for distinctive Cover Versions of favorite pop hits.”
Glee Tops the Beatles For Number of Songs on the Billboard
'Glee' Innovations -
Music | The show's musical performances have been a commercial success, with over thirty-six million copies of Glee cast single releases purchased digitally, and over eleven million albums purchased worldwide through October 2011. In 2009, the Glee cast had twenty-five singles chart on the Billboard Hot 100, the most by any artist since The Beatles had thirty-one songs in the chart in 1964; in 2010, it placed eighty singles on the Billboard Hot 100, far outstripping the previous record. In February 2011, Glee surpassed Elvis as the artist with the most songs placed on the Billboard Hot 100 chart, though fewer than one-fourth of them have charted for more than one week. The cast performance of "Don't Stop Believin'" was certified gold on October 13, 2009, achieving over 500,000 digital sales, and on March 16, 2011, received platinum certification for having sales of over a million. The series' cover versions had a positive effect on sales of Rihanna's "Take a Bow" increasing by 189 percent after the song was covered in the Glee episode "Showmance".
"COVER ME" | A Song Driven "Reality" Experience | “All Great Classics ... All New Groove.”
A Positive Music Reality SHOW that demonstrates how by combining Great Music, New Technology and a Ton of Talent - You can make something Truly Magical. An Uplifting Reality Show that focuses on Favorite Songs and not personal drama. The purpose is bring each songs "Magical Element" forth in order to inspire other types of Visual arts to build upon it. (Film Makers, Dancers, Graphic Artists, Videographers)
The Show is a Modern Revision of the "Best Cover Songs of Our Time" and will feature the Best Austin Singers, Musicians, Dancers and Media Artists. The Series will Showcase this Amazing Talent with Cutting Edge Visuals with a great deal of accent on New Sound Technology and Computers. This New "Austin Based" Music Reality Show will be the perfect blend of "ART and COMMERCE" and aims to Build upon Austins' Reputation as both "Live Music Capital of the World and Americas Tech Town"
SHOW TREATMENT | “Fall In Love With Your Favorites Songs – All Over Again.”
* The group of Musicians and Singers that will arrange
and perform the New Cover Versions are called "The COVER KINGS".