In these strategic alliances and joint ventures, the larger company may invest money to: Phase 1 of the Offering Phase 1 is composed ofshares of common stock anddebentures The Board of Directors has authorized the issue of 4, shares of common stock, in addition to debentures for the first and second phases of the offering.
This assemblage is poised to utilize its combined skills to ensure the growth and profitability of DJA. This is primarily due to the fact that there are simply not many musicians that are in need of audio production services.
Musical entertainment is demanded in all economic climates, and only severe recessions are expected to decrease the revenues of the business. A second phase consisting of sixteen productions for artist follow-up albums and newly acquired artists will begin in late Sales will occur within a fifteen-month time frame from the release date.
As stated before, a sudden and dramatic increase in the rate of inflation or real interest rates can have a significant impact on the overall revenue of the business. Swell Records is responsible for Jazz and new Adult Contemporary products.
Revenue will also be earned from the sales of digital music through iTunes and other online retailers.
Tips Always include any information that makes your business stand out, such as a unique piece of recording equipment or a particularly experienced engineer. Project Production Budgets — These vary depending on the genre of the project.
The financial success of an album can be guaranteed through the establishment of proper marketing and promotion budgets. Marketing budgets will be expired through the course of twelve-month marketing campaigns.
Create a new section, People Profiles, and include individual profiles of the people involved with your recording studio. Place the cover, executive summary and table of contents before your first section, and add the appendix to the end of your business plan.
DJA will release and promote three to four singles from each full-length album project. Recent figures show industry sales of more than 10 billion dollars, most of which has been generated online. For each owner or key employee, you should provide a brief biography in this section.
Below is an overview of the marketing strategies and objectives of the Recording Studio. Due to his experience in the Jazz niche of the music market, Max has developed a solid network of personal contacts with radio promoters, musicians, producers, and executives.
The company will maintain a cash balance of at least nine months of operating expenses to ensure an adequate buffer for collecting receivables and unforeseen costs associated with this industry.
Each division has been created with a distinct and specialized reputation of its own, and will be responsible for a separate genre of music. Erik Tylor, Senior Vice President Sunhas developed a multi-faceted background with experience in finance and banking, in addition to comprehensive experience in the entertainment industry.
This section of the business plan should not span more than 1 page. Doe intends to use a number of online marketing strategies to drive traffic to the website including pay-per-click advertising for people searching for recording studios in the targeted market as well as advertisements on MySpace.
Owning and controlling the rights to each of its albums will enable DJA to grow its music catalog into a valuable asset, one of several-hundred revenue producing titles.
However, if you have hundreds of items, condense your product list categorically. You should provide as much information as possible about your pricing as possible in this section.
Direct advertising campaigns will be of significant importance to the Company as the Recording Studio is offering programs a wide variety of musicians and sound artists.
In fact, these individuals have produced and marketed projects which have earned nominations for Grammy and Stellar Awards. Include a monthly, detailed breakdown of your income versus costs, accounting for the daily expenses of running your business. The majority of accounts receivable will be outstanding from the distribution company, which receives payment directly from retailers and will subsequently remunerate DJA.
Sales fell sharply over the course of the next six years, mainly due to the popularity of file sharing on the internet. Additionally, its strategic alliances with distribution partners and its experienced management team lead to an advantage for the company.
By pre-purchasing large blocks of studio time, DJA will have access to the two studios in this facility at a heavy discount.
Artist Royalties will be accumulated and paid bi-annually, in August and February. The marketing and promotion budget will be divided into twelve to fifteen-month campaigns, each consisting of three phases: Established relationships and affiliations in the industry enable DJA to produce its projects over a ninety-day period, for approximately half the typical cost paid by a major label record company.
Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period. Inventory — Inventory for album releases and upcoming product has been conservatively projected.
DJA will create space on its web site for each artist signed to the company. Find out who your competitors are by searching online directories and searching in your local Yellow Pages.
These funds will be used to:Business Plan for a Multimedia Studio Words | 12 Pages. BUSINESS PLAN FOR KING STUDIOS 28, Pound Road Magodo XXX Executive Summary 1 Company Summary 2 Services 4 Market Analysis Summary 4 Strategy and Implementation Summary 8 Management Summary 12 Financial Plan 13 Executive Summary King Studios, located in.
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By. R. Khera. Linkedin. DJA Records Corp. is a multimedia entertainment company, which will supply profitable, positive, audio and visual entertainment to a diverse, international consumer group.
the architecture of the studio and its atmosphere are conducive. Our media and entertainment business plan consultants have been creating custom, successful business plans since Speak with one of our experts today. Free Essay: BUSINESS PLAN FOR KING STUDIOS 28, Pound Road Magodo XXX Executive Summary 1 Company Summary 2 Services 4 Market Analysis.
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They will take the designs and incorporate.Download