Final answer:
The producer is responsible for the studio budget, studio booking, and song arrangement in a music production, overseeing financial and organizational aspects to ensure the production's success.
Step-by-step explanation:
The person responsible for the studio budget, studio booking, song arrangement, and overall management of a music production is typically the producer. This role is analogous to that of a team owner in sports, as described by Hal Luftig, where the producer is the key figure overseeing various aspects of the production process. The producer is the one who can bridge the artistic vision with the financial and organizational requirements necessary to make a show successful. They handle the hiring of key personnel, such as directors and technical staff, as well as manage funding and financial negotiations. This allows creative artists to focus on their craft without being burdened by budgetary concerns.
It's important to clarify that other roles such as the sound engineer, studio manager, and musicians have specific responsibilities, but when it comes to decisions about budgets, bookings, and arrangements, these typically fall under the purview of the producer.