Question

While revenue from the DIY model might seem very attractive at first glance, artists should keep in mind their direct income could reasonably be reduced by expenses for all except which expense item?

a.) attorney
b.) management
c.) synch fees
d.) producer

Answer 1

A correct DIY model should not consider synch fees as an expense that reduces artists' direct income because synch fees are actually a source of income when music is licensed for use in visual media.

Step-by-step explanation:

Artists considering the DIY model for revenue must account for various expenses that can reduce their direct income. They will have to consider fees for legal representation from an attorney, costs for management, and payments to a producer. However, one expense item that does not reduce the artist's direct income is the synch fees. Synch fees or synchronization fees are typically a source of revenue for artists when their music is used to accompany visual media, such as in tv shows, movies, or commercials. As such, synch fees contribute to an artist's income rather than detract from it.

The question asks which expense item would not reduce the artist's direct income. In the context of the given information, expenses such as attorney, management, and producer are all necessary for the production of a show and would likely reduce the artist's direct income. However, synch fees are not directly related to the artist's income. Synch fees refer to the licensing fees paid to use music in a show or production. While synch fees are an expense for the producer, they do not directly affect the artist's income.

For example, if an artist receives a percentage of the ticket sales or a salary for their performance in a show, expenses such as attorney fees, management fees, and producer fees would be deducted from the overall revenue, thereby reducing the artist's direct income. However, synch fees would be separate from the artist's income and would not affect it directly.