Love it, or hate it? The Irony of Beyonce’s Album Release + Rolling Stone Tests R. Kelly

Danielle W Carter at The Boys & Girls Club Charity Art Event, Santa Monica

Have a great weekend!  

Do you love it, or hate it?  Hot topics…

  • NBC’s Californians  A blast from the past for a little chuckle!  Ever had a conversation about traffic in the Los Angeles?  CLICK HERE for a “knee slapper.”  
  • Beyonce’s album release is all the rage because she DID NOT promote it.  She let everyone else do the talking starting at 12AM on Friday the 13th.  As a major artist not promoting your album is a big deal!
  • The irony is that indie artists have been dropping albums with no promotion for decades with no comparable press reaction.  As an emerging artist, is it possible to top that release?  It has yet to be seen but we can focus on making quality music and letting it go viral online.
  • What If You Don’t Like Beyonce’s Album?”  Basically,  you’ll be hooked once you watch the videos and take a second listen.  The buzz and sales growth of this album is undeniable, especially in this evolving music climate.
  • R. Kelly sings about dolphins and sub sandwiches on the spot in this Rolling Stone interview Improvises “Sex Dolphin,” “Italian Hero Sandwich of Love” Parental Discretion Advised  
  • There are some things in life that you just can’t take too seriously.  At the end of the day, life should be fun!  Love the process.  R. Kelly (no matter how you feel about him today) finds the fun in improvising.  He is given four random topics to write about on the spot.  A reminder that there are no rules.

As many of you know, we are in the studio making the first studio album!  So grateful to everyone who joined VIP thus far to support and help make this happen!  We are uncovering a unique fusion of sound for the Dani W Project, including Funk Rock, Hip Pop, and more.  Excited to share this project with you!

If you’re not already, get the exclusive updates by joining the mailing list on the website.

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Was lunch free? Year-End Music Tax Tips for the Self-Employed & Musicians

http://www.daniellewcarter.comWhat’s music to your ears around tax season?  Hmm….the nerd in me likes to know the benefits of deductions.  Isn’t this everyone’s idea of weekend fun?…

Enjoy these tips for educational purposes!  

The below was provided by the helpful customer service team at Sweetwater.  I am not affiliated with the company, nor am I a  tax advisor, so please refer to www.irs.gov and your tax and legal professionals for advice.  

The first article speaks directly to musicians and briefly explains travel, meal, vehicle, and equipment expenses (for both gigging and studio musicians), and whether or not you can deduct them on your taxes. http://www.artstaxinfo.com/musicians.shtml

Here is a “nuts and bolts” explanation of Section 179 (first-year depreciation allowance for equipment) and how to take advantage of it. http://www.section179.org/

The last article features a list of common deductible business expensesThis can be helpful if you are considered self-employed or if you own your own studio. http://www.musicbizacademy.com/knab/articles/taxtips.htm

The Sweetwater company is not comprised of legal experts or tax advisors, so you should definitely discuss these issues with your own professional tax advisor.  Each individual’s situation is different, and these links are for informational purposes only.

+ STAY IN THE LOOP ON THE FIRST ALBUM:  Soul, Funk & Rnb 

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Today’s Biggest Challenge

By: Danielle W. Carter

All eyes were on CEO of Lyric Financial, Eli Ball as he spoke at the Billboard Film, TV and Music Conference 2013.  The panel was titled, “What’s Happening to Investment In Music for Other Media?”

“Five percent of the industry is making 95% of the money.”

Specialty financial companies like Lyric Financial are developing programs to meet the income needs for the 95%.

One of these product solutions includes royalty advances for music professionals and labels.  Lyric explains, “[A royalty advance] is a cash advance on a royalty earning pipeline that has not yet been paid.  You can draw cash immediately for royalties that have not yet been paid by ASCAP, BMI, SESAC, your publisher, or your label. This type of funding is available to all songwriters, producers, and publishers who will earn at least $5,000 in royalties during the next year.”

With the growth of financial companies, staffed by former music executives who understand the sporadic revenue streams of entertainment professionals, there is an opportunity to leverage music catalogs and other assets, thereby implementing more creative financing options.

Lyric Financial posted an interview with Business Manager Johnathan Schwartz who said, “I think the biggest challenge is that today’s earning potential is not as great as a decade ago…artists today are generating more revenue from touring and other opportunities like sponsorship, endorsements, or taking equity positions in companies.  But those opportunities are really only available if you’re an A-list artist.”

Emerging artists, songwriters, and other music professionals continue to trail-blaze in the industry, standing behind music they believe in, which often means heavily investing in their craft and business upfront.  Once widely available, the practice of utilizing alternative funding options may become a favorable way going forward to sustain a career in the music industry.

Let us know your comments!  Would you consider using a financing program?  Do you think artists can continue to rely on crowd funding campaigns?

Stay Connected!  First Studio album is in production.  

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Danielle W Carter with Emerging Artists at Billboard Conference 2013

Danielle W Carter with Emerging Artists at Billboard Conference 2013