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Riches and Rhythms

Riches and Rhythms

著者: Stonebridge Wealth Management
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Riches and Rhythms is a fun and engaging podcast about wealth management for high-profile individuals in arts, entertainment, and sports. In each episode, we look behind the scenes of celebrity wealth management, uncovering insights, resources, and stories of industry leaders and innovators shaping the entertainment and creator economy.© Stonebridge Wealth Management アート 個人ファイナンス 経済学 音楽
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  • The Impact of Technology on the Music Industry with Lecrae Moore
    2023/12/19
    The impact of technology on the music industry is multi-faceted and complex. There are many benefits, but there are also challenges and drawbacks. As technology changes the music landscape, musicians and industry professionals have to stay informed and adapt to the changes while keeping true to their artistic vision and creating music that resonates with the audience. In this episode, Tyler and Peggy are joined by Lecrae Moore, a Grammy award-winning rapper, singer, songwriter, and co-founder of Reach Records. He discusses the impact of technology on the music industry, including AI, streaming, and virtual reality. Lecrae shares his perspective on these advancements and how they have affected music's creation, distribution, and consumption. Join us as we discuss: [00:51] - Favorite playlists and artists on Spotify. [03:03] - Family traditions for Christmas. [06:14] - One of Lecrae's worst technology purchases. [08:34] - Lecrae's journey into the music industry. [11:50] - Lecrae's perspective on AI. [22:11] - The impact of technology on music. [26:56] - Optimizing songs for streaming and consumer preferences. [30:49] - Recommendation on song length and its impact on streaming revenue. [39:46] - The potential shift towards VR technology. [42:05] - Lecrae's involvement in A&R for his label. [43:36] - Lecrae's advice for artists and writers. [48:53] - The psychological difference between selling publishing and masters. [50:09] - What Lecrae's Deep End podcast is about. [52:52] - The smallest hill Lecrae will die on. Key Takeaways AI in music is still in its early stages and needs to be fully understood and utilized. Streaming has made music more accessible and democratized. AI can be a valuable tool for artists, but there's also the need for caution and regulation to prevent misuse and negative consequences. Virtual reality (VR) can potentially change the live music experience, but it is still in its early stages and has not gained widespread adoption. There's always a cost to the advancement of technology. To achieve financial sustainability, artists must comprehend technological advancement, shifting industry dynamics, and consumer perspectives. Quotes "With every advance in technology, there's a loss in a game. You are always going to gain something and lose something. So there's always a cost to the advancement of technology." ~ Lecrae Moore "I want to craft something that is timeless and helpful, but I have to present it in a way that consumers think about." ~ Lecrae Moore "Your passion is not always going to be your paycheck. If you want financial sustainability, you have to understand the technological advances, how things are moving, and how consumers think." ~ Lecrae Moore Links  Lecrae Moore Reach Records Church Clothes 4 Post Malone Danny Go! Peter Sinclair beatBread Cedar Boschan Boschan Corp. Dr. Dre The D.O.C Taylor Swift Beyoncé Mark Ronson Travis Scott Deep End With Lecrae Winter Jam Connect with our hosts Stonebridge Wealth Management Tyler on LinkedIn Peggy on LinkedIn Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts Partner with Tyler and Peggy If you'd like to partner or work with Tyler or Peggy, please send an email to richesandrhythms@gmail.com. Disclosure OneAscent Financial Services, LLC ("OAFS"), d/b/a Stonebridge Wealth Management, is a registered investment adviser with the United States Securities and Exchange Commission. OAFS does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by OAFS or any unaffiliated third party. OAFS is neither an attorney nor accountant, and no portion of the presented content should be interpreted as legal, accounting, or tax advice. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
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    58 分
  • Royalty Audits in the Music Industry with Cedar Boschan
    2023/12/05
    With digital technologies transforming music, protecting artists' intellectual property and ensuring fair compensation are fundamental.  In this episode of Riches and Rhythms, Tyler and Peggy are joined by Cedar Boschan, Founder of Boschan Corp. as well as a forensic accountant and expert witness. Cedar founded her company after years of experience providing international royalty audit, valuation, forensic accounting, and other consulting services at CPA firms. Cedar's years of experience and track record in IP and entertainment include serving as an expert consultant and witness in various civil litigation matters.  Cedar talks to Tyler and Peggy about royalty audits and the challenges creators face in the music industry. She explains the process and the types of damages that can be recovered. Cedar also shares her insights on the music business and emphasizes the need for creators to be aware of industry trends. Join us as we discuss:  [03:05] - Cedar's journey. [05:36] - What a royalty audit looks like. [09:37] - The role of business management in royalty audits. [12:22] - Why artists are having difficulty getting paid. [14:20] - The artists Cedar mainly works with. [17:41] - The difference between financial and royalty audits. [19:16] - The types of damages Cedar usually recovers and calculates. [22:13] - How artists can avoid royalty audits. [25:31] - Why artists should register their music. [29:44] - How Cedar's work influenced her perspective on the music industry. [31:24] - Legal challenges and copyright infringement with AI. [38:06] - Policing remixes on platforms. [41:48] - The intersection of music and investing. [45:47] - Cedar's advice for creators. Key Takeaways Royalty audits involve checking whether licensees or entertainment companies have complied with contractual provisions. Common damages in royalty audits include unpaid royalties, incorrect royalty-based claims or rate claims, unauthorized use claims, and incorrect charges or deduction claims. Creators should be mindful of industry trends and focus on genres or platforms that are experiencing growth. Quotes [12:56] - "Most of the findings we have in a royalty audit aren't simple calculation errors. Although they can be, they are often more related to contractual interpretation or lack thereof." ~ Cedar Boschan [13:44] - "There is a misalignment, especially in newer industries like the video game industry, between the terms of the contract and the available information that the finance team or whoever's charged with preparing their royalty statements has." ~ Cedar Boschan [29:54] - "There isn't a silver technological bullet to solving all of the royalty problems that exist." ~ Cedar Boschan Links  Cedar Boschan on LinkedIn Cedar Boschan on Twitter Boschan Corp. Royalty Audits | Hurewitz and Company Mechanical Licensing Collective Bern Convention Larry Mills Hipgnosis Connect with our hosts Stonebridge Wealth Management Tyler on LinkedIn Peggy on LinkedIn Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts Partner with Tyler and Peggy If you'd like to partner or work with Tyler or Peggy, please send an email to richesandrhythms@gmail.com. Disclosure OneAscent Financial Services, LLC ("OAFS"), d/b/a Stonebridge Wealth Management, is a registered investment adviser with the United States Securities and Exchange Commission. OAFS does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by OAFS or any unaffiliated third party. OAFS is neither an attorney nor accountant, and no portion of the presented content should be interpreted as legal, accounting, or tax advice. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
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    54 分
  • Empowering Independent Labels and Musicians with Peter Sinclair
    2023/11/21
    Traditionally, major music publishers have dominated the industry, offering artists advances and administration services in exchange for a percentage of their royalties. However, with the rise of streaming and digital distribution, artists have more control and can explore alternative options. In this episode, Tyler is joined by Peter Sinclair, CEO and Co-Founder at beatBread. Peter co-founded beatBread to empower artists to advance their careers without giving up control of their music. He previously led e-commerce at Universal Music Group and led various functions at venture-backed entertainment and e-commerce financial services companies. Join us as we discuss:  [02:31] - Introduction of Peter Sinclair. [02:58] - Peter's motivation to start beatBread. [08:48] - Major players in music publishing and the process of securing a deal. [13:19] - The limitations of larger publishing companies. [19:04] - An overview of sliceNote. [23:57] - Peter's favorite genre. [25:12] - What investors need to know about investing in music. [29:05] - How high-interest rates impact publishing deals. [32:12] - Why artists sell their catalogs. [37:52] - Peter's thoughts on AI in the entertainment industry. [42:18] - Peter's advice to music artists. Key Takeaways Streaming has changed the dynamics of the music industry, allowing artists to have more control and access to funding. Labels are not the indispensable partner that they once were.  beatBread offers artists the opportunity to retain ownership of their music while accessing financing options. Artists are seeking more control over their careers. AI has the potential to be a valuable tool for artists but is unlikely to replace them. Music is an uncorrelated asset.  Quotes "Artists no longer need a label. I will not say that labels don't add value. They absolutely do. But labels are not the indispensable partners that they once were." ~ Peter Sinclair "Beware of people who are peddling this idea that the average retail investor is going to invest in their favorite artists, and then they're going to listen more, and it's going to be worth more. It's not going to work." ~ Peter Sinclair "Find a successful independent label or manager who has a degree of humility and has done it before. Don't fall for the sizzle or the watch the person is wearing or how many thousands of dollars their shoes cost. Find a smart, humble, unflashy set of people you trust, not who you are wowed by." ~ Peter Sinclair Links  Peter Sinclair on LinkedIn beatBread Arizona Diamondbacks Boston Red Sox Los Angeles Dodgers Green Dot | Sequoia Capital Universal Music sliceNote Universal Music Publishing Group Sony Music Publishing Warner Music Group Warner Chappell Music BMG - Production Music Kobalt Music AMRA Public Investing All Star by Smash Mouth George Clinton and Parliament Funkadelic Guns N' Roses Janes Addiction Paul Simon All You Need to Know About the Music Business Donald Passman Taylor Swift Michael Jackson The Beatles Elvis Presley Connect with our hosts Stonebridge Wealth Management Tyler on LinkedIn Peggy on LinkedIn Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts Partner with Tyler and Peggy If you'd like to partner or work with Tyler or Peggy, please send an email to richesandrhythms@gmail.com. Disclosure OneAscent Financial Services, LLC ("OAFS"), d/b/a Stonebridge Wealth Management, is a registered investment adviser with the United States Securities and Exchange Commission. OAFS does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by OAFS or any unaffiliated third party. OAFS is neither an attorney nor accountant, and no portion of the presented content should be interpreted as legal, accounting, or tax advice. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
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    48 分
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