Encore Profiles Marcie Allen Cardwell
Read about the founder of MAC Presents, a company specializing in sponsorship negotiations.
Read about the founder of MAC Presents, a company specializing in sponsorship negotiations.
Following recent artist testimony on the issue at a Senate Judiciary Hearing, Senators Patrick Leahy (D-VT) and Orrin Hatch (R-UT) plus Representatives Howard Berman (D-CA) and Darrell Issa (R-CA) jointly introduced legislation that would compell AM and FM radio to compensate artists and labels when their performances are broadcast over the air.
Traditionally, record labels prospered using the 80/20 or 90/10 rule. If one or two, out of every ten new artist signings succeeded, a label would be profitable. In fact, up until a few years ago, the payoffs were so great that no one stopped to consider why a company would endure a business model with [...]