Making it in the music industry takes grit and a lot of patience, but also sound financial advice. Laura Veltz is a 4x GRAMMY-nominated songwriter and has teamed up with Tracy Hackney, a seasoned financial advisor for musicians, to bring you the tips and tricks of the industry. Joined by host and producer, Kevin Sokolnicki, the trio has interviews with some of the most prominent and up-and-coming songwriters and artists in the music industry.

The Songwriter Soup crew sits down with FBMM’s own, Erica Rosa, lovingly and accurately known as the “royalty guru", to explore how money flows through the music industry. While originally set to focus on publishing royalties (this is a songwriter podcast after all), things naturally veered right to the actual beginning.

How does music make money from the tippy top down? Erica offers a clear breakdown, from streaming and physical sales to touring and bundling strategies.

Y’all should get a clear picture of the financial pressures on both artists and labels, and perhaps an explanation of the ongoing tension between fair compensation and business sustainability in the music industry

The episode also navigates the intricacies of artist-label relationships, producer deals, and the often-misunderstood world of points, net receipts, and profit splits.

Songwriters, this one is a must listen. If we are ever going to fix it, we have to understand it. Start here!

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