imageBelmont University’s Mike Curb College of Entertainment and Music Business will honor the International Entertainment Buyers Association and one of its founders Harry “Hap” Peebles with the 2011 Robert E. Mulloy Award of Excellence.

Established in memory of program founder Bob Mulloy,the annual Award of Excellence recognizes an individual or organization that has achieved a level of excellence in the music business and entertainment industries with notable service to Belmont University and the Nashville community. Previous recipients include last year’s recipient, Vince Gill, and Donna Hilley, who was the first recipient in 2009.

Harry Peebles, or “Hap” as his friends called him, was one of  a founders of both IEBA, originally known as the International Country Music Buyers Association, as well as the Country Music Association.  Peebles started booking artists when he was 18 years of age.  He served the country industry over 60 years, working with Barbara Mandrell when she was only 11 years old.  As Ms. Mandrell says, he was “country when country wasn’t cool!”  In the formative days of country music, Hap booked some of the early favorites among country music performers into fairs and festivals, including such well known legends as Tex Ritter, Red Foley, Kitty Wells, Ernest Tubb, the Wilburn Brothers, Roy Acuff and many others.  Hap has been nominated for the Country Music Hall of Fame and inducted into the Hall of Fame in Arkansas, Louisiana, Oklahoma, Kansas, Colorado, Nebraska, South Dakota, and North Dakota, as well as named “Fairman of the Year” in several states.image Through his involvement with the industry, Hap is credited with giving big breaks to such stars as Johnny Cash, Roy Clark, Loretta Lynn, Carl Perkins, Jerry Lee Lewis, Ray Price and Johnny Horton, just to name a few.

The International Entertainment Buyers Association was formed by Hap and Hubert Long in 1970 as a non-profit trade organization for talent buyers, promoters, agents, managers and artists.  Hap and Hubert were two among a growing list of country music promoters – Hap in Wichita, Kansas and Hubert in Texas – that included the likes of Abe Hamza, Don Romeo, George Moffett and Smokey Smith – men who knew one another but rarely communicated their needs or struggles to each other.  Peebles and Long felt that the country music talent buyers needed some means of formal communication between the talent buyers, as well as a voice in the fair and festival industry, which didn’t see the potential of adding country music entertainers to the roster of the larger state fairs and therefore relegated country music to the smaller county and city fairs.

“The first meeting I knew anything about was held in Hubert Long’s office in Nashville,” says Wilson Sparks, who managed the Mid-South Fair in Memphis.

We met and talked about an organization for people who buy and sell  country music. I guess that was in 1970. I think we talked about it for six months or more before it ever got off the ground.

Don Romeo, whose Omaha-based agency bought a number of country music acts for fairs in the Midwest at the time, remembers that the other country music buyers were concerned then with many of the same problems that are being addressed today:

Hubert Long and Hap . . . were very concerned that the cost of talent was getting out of line, and they wanted a stronger voice in the industry.  By having a buyers’ association to get together to discuss these issues with the agents and the acts, they felt we would be able to get a fairer price and would be able to make our concerns known.

Johnny Matson, who worked with Hap at the time IEBA was formed, remembers that Hap’s primary consideration was a little bit of buying power for small producers.

At that time, the big agencies had the buying power, and the smaller agencies didn’t have the respect that we have now. As far as fairs were concerned, we usually got Sundays; the big agencies got the choice dates.  There would be one night where country music was featured.  I think that a few fellows who booked fairs and one-nighters saw a need for an organization where they could share ideas about what was going on within the country music industry.

Smokey Smith, another talent buyer based in Des Moines, recalled:

I think Hap’s idea was that we needed an organization of the people who were buying country music who could go to the managers and talent agencies and say, “Look, we need a better price on this talent—what if two or three of us go together and offer you a string of dates, could we get a lower price?”

Long died an untimely death shortly after ICMBA was formed, and it was Hap that took up the slack as a major force in its formation.  He served as president of ICMBA for six years and was chairman of the board for the organization for nearly twenty years.   By the time it celebrated its 10th Anniversary, the organization had grown from its humble beginning to include almost 300 members.  Peeples dies in 1993 at the age of 80.  In 1995, IEBA celebrated its 25th imageAnniversary with honors as Tennnessee Governor Don Sundquist commerated the occasion by proclaiming June 2-5, 1995 as “International Entertainment Buyers Association Week.”

Tiffany Davis took over the helm as Executive Director in 2008.  Commenting on the Mulloy Award of Excellence, Davis said:

IEBA is very proud to be recognized by Belmont. Our founder, Harry Peebles, left a great legacy in the talent buying community, inspiring many leaders like Don Romeo, George Moffett and JP Williams. IEBA is thrilled to help students through these scholarships while also honoring four great pioneers of the entertainment industry.

IEBA established the IEBA Scholarship Endowments Fund in 1991 in honor of Peeples.  Since IEBA has established three additional endowed scholarships for Belmont students in honor of Don Romeo, J.P. Williams, and George Moffett. Collectively the endowments represent over $300,000 in investments.

IEBA celebrated it’s 40th anniversary in 2010.  Currently IEBA has well over 800 members. The organization’s annual conference, attended last year by well over 500 people, stands alone in the entertainment industry by showcasing the most diverse entertainment options available while striving to be the go-to organization for the entertainment community by offering continuing education and networking opportunities to its members.

The presentation will take place at the Mike Curb College of Music Business’ Best of the Best showcase, March 26, 2011, 7 p.m., at Belmont’s Curb Event Center.


100 different cards

CRS 2011 Research Study Finds State of Country Music Healthy, New Media Engagement Growing
Country Radio still king for consumers, new music discovery

 

 

The results of the CRB Country radio research study presented recently at Country Radio Seminar 2011 in Nashville.  The comprehensive study was sponsored through a partnership between Country Radio Broadcasters, Inc. and the Country Music Association and was conducted by North Carolina-based media research firm Coleman Insights.   You can review the actual study here.

 

Coleman Insights polled 5,000 country radio listeners, or “partisans,” regarding their consumption habits and the state of Country Music in general.  The list of partisans was obtained from twelve country music stations in in Atlanta, Austin, Baltimore, Charlotte, Minneapolis, Philadelphia, Phoenix, Portland, Salt Lake City, Seattle, Tampa and Washington, D.C.  In addition, 171 radio industry professionals were also polled to gauge their insight and perceptions about the country format versus those derived fro the consumer survey.  The study surveyed a sample of 12- to 64-year-old P1 Country radio listeners across the U.S. and their usage of new media devices, including social media websites, smartphone applications and radio station and artist websites.  Participants in thradioe study were polled between Feb. 7-18, 2011 via email and online questionnaires.

The “big picture” findings from the study,  Coleman Insights, concluded that consumers perceived the overall state of country music as significantly more positive than the professionals in the industry did.  Additionally, radio is the medium which makes consumers feel “most connected” to Country Music and remains the most consistent means of new music discovery for them.  New media usage – use of Internet streaming and social networking for example – continues to increase among all age demographics polled, showing growth patterns consistent with those in other formats.   Some of the key findings reported in the study were as follows:

  • The country music radio partisans polled are very satisfied with what they hear on their favorite country stations and are happier than ever with the choices available for country listening.
  • Their listening momentum remains very strong, as 83% of those polled perceive they are “listening more” to country radio now as compared to a year ago.
  • Those polled perceive that “country music is better” (51%), that they are “listening more to radio” in general (45%), that country radio is “more family-friendly” (33%) and that their “country station has gotten better” (32%).  The overwhelming majority of those polled (50%) believe that the “country music coming out today” is better than it was a few years ago by a five-to-one margin over those who think today’s country music “is worse” (10%).
  • The top ten most popular artists of those evaluated by consumers are Brad Paisley, Tim McGraw, Lady Antebellum, Kenny Chesney, Zac Brown Band, George Strait, Jason Aldean, Carrie Underwood, Alan Jackson and Blake Shelton.  Interestingly, Taylor Swift ranks in the bottom tier of the most popular artists, suggesting her large fan base lies predominantly outside the Country radio P1 audience.

Contrary to these findings among consumers, the industry professionals polled believed the following:

  • that more than half of country music radio patrons are listening less to country radio than a year ago due to increased media choices and lack of time;
  • that today’s country music has achieved equilibrium and is no better or worse than it was a couple of years ago; and
  • that radio consumers are only moderately satisfied with the choices they have for country radio.

Significant data reported by the study concerned the use by country radio listeners of new technology and the wide array of options available to the consumer these days, which leads to the fragmentation of the target audience.  A brief sampling of the statistics from the polled consumers indicates:

  • Three-quarters own an Internet-connected PC or Mac;
  • Two-thirds own a game console;
  • Half own an iPod or mp3 player;
  • Nearly half own a smartphone;
  • Nearly two-thirds have watched country music videos on YouTube;
  • Half are using Facebook;
  • More than one-third have used Pandora streaming Internet radio.

In this regard, I found the following conclusion in the report to be very informative:

The industry has pretty accurate perceptions of the adoption and usage of new media and technology by [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][country music radio patrons], with a few exceptions. One noteworthy exception is how the industry overestimates the importance of radio relative to other devices. The industry believes [country music radio patrons], , if forced to choose only one electronic or entertainment device, would choose AM/FM radio as the most important device. In fact, radio ranks a distant third behind Internet-connected portable computers and smartphones. This underscores how critical it is for Country radio and Country music to have a significant Internet and mobile media presence.

Another misconception by the industry professionals is that the overwhelming majority of country music radio patrons wake up to a clock radio:  in reality, country music radio patrons are just as likely to wake up to a smartphone, suggesting radio is already engaged in a battle for the nightstand.  This has tremendous implications for morning radio listening and immediately suggests an opportunity for country radio to possibly preserve its wake-up utility by adapting to this phenomenon and creating wake-up apps that allow listeners to continue waking up to their favorite country stations through their smartphones.  The study further reveals how the content country radio stations and country music artists post on Facebook and share on their websites is somewhat out of synch with the needs and desires of country music radio patrons . This suggests the industry is missing an opportunity and not fully capitalizing on the potential of these tools.

The industry also has a few misperceptions about Pandora streaming Internet radio as well. More than one-third of country music radio patrons have used Pandora and they have been using it for a longer period of time and more frequently than the industry believes.  A key finding is that country music radio patrons already using Pandora say they are highly “likely” to use it in the car as it becomes available there.  When Pandora exists side-by-side with AM/FM radio on the dashboard, current Pandora users are almost equally as likely to prefer Pandora as AM/FM radio, with 25% undecided.  This forecasts a looming challenge to country radio from Pandora for in-car listening, a place that has long been radio’s almost-exclusive domain.

Lastly, the industry greatly underestimates interest among country music radio patrons in apps that would allow them to listen to Country radio stations on their smartphones or tablet computers (iPad, etc.).

The study was nonetheless seen as encouraging news for country radio and the country music industry.   CRB Board member and Chair of the CMA Research Committee, Rusty Walker, said

I was extremely excited about the research data presented at CRS this year. As a result of the study’s innovative approach and its thorough questionnaire process, the findings by Coleman Insights will help all facets of the Country Music industry in better serving its customers, listeners and fans.

Perhaps the most encouraging aspect the study revealed was that, despite the explosion of new media and new technology, country radio is overwhelmingly perceived as the medium that most “connects” consumers to country music by its fans.

Coleman Insights President and COO Warren Kurtzman

This year’s study confirmed that the overall perception of Country Music by its core consumers was extremely positive, and the general health of Country radio is still strong.  Listeners are continuing to find new means of consuming Country Music through emerging technologies, but this study seems to indicate they are not undermining Country radio’s connection with its listeners.

Findings from the study were presented March 3 at the CRB research panel during CRS 2011.  Coleman Insights VPs Chris Ackerman and Sam Milkman presented the data, and CMA Market Research Director Greg Fuson announced the study as a piece of CMA’s continuing research to help identify and define the Country Music consumer.

For more information about the 2011 CRB Country Radio P1 listener research study, visit www.CRB.org or www.ColemanInsights.com[/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

By Nathan Drake & Barry Neil Shrum

Warner Music Group’s (“WMG”) year-end financial reports for 2010 came as little surprise when you take into account two factors:  (1) the general economic downturn in the U.S. and (2) the continued piracy in the global music industry.  See the report on WMG’s website here.  WMG has been the third largest record company in the world since at least 2004, when Time Warner spun off its music-related components.    WMG’s stock was trading at $5.92 per share as of the date of this posting, 2/21/2011.

Although WMG posted positive revenue returns in the third and fourth quarter of 2010, WMG claims that total revenue in 2010 decreased sharply as compared to 2008 and 2009.  This represents the eighth straight quarter that WMG has posted decreased earnings, a trend that is concerning to many in the music industry.  To wit, the demise of EMI Music – currently No. 4 in the music world – as it crumbles under the weight of its massive debt, is a poignant lesson to WMG – and to Universal Music Group and Sony BMG (Nos. 1 and 2 respectively) – that no  music conglomerate  is immune to hardships and winds of change currently facing the music industry.  The wide moat of physical sales that once protected the record labels’ castle from ultimate destitution now fails to provide a comfortable defense.WMG Downturn2

imageAs a result, a new kind of business model has emerged on Music Row and throughout the music industry, and this business does include “traditional model” involving radio marketing or “physical distribution/sales.”.  Rather, ingenuity and innovation include the most pertinent qualities of this business model.  See my post, New Formula for the Music Industry. And though the “major record labels” while may be slow to adapt, revenue losses like those reported by WMG, is quickly teaching the behemoths that transformation is essential if they want to stay afloat and competitive in today’s music market.  There are constant rumors afoot in Nashville that several of the major labels are shifting away from the traditional type deals toward more reasonable, tech-savvy and partnership-based approaches that fit the model better.

According to WMG’s reports, released on February 8, 2011, revenue totaled $789 million for the fourth quarter of 2010.  Even though it reported positive cash flow for the fourth quarter, the reported revenue represents a 14% decline from the 4Q 2009.  The impact of this comparative decline becomes clearer when you compare the reported digital revenues for WMG for the same periods.  Digital revenue for 4Q 2010 accounted for a staggering 25% of the total revenue, or $187 million.  This total represents an increase from the $184 million in digital revenue reported 4Q 2009.  Thus, it is obvious that digital revenue continues to be an integral, and fast growing, aspect of the business model for record labels.

The growth in digital revenue and the effect it has had on WMG’s revenue stream is also highlighted in the international sales posted by the company for 2010.  While domestic recorded music digital revenue declined 3% in 2010, international recorded music digital revenue grew 12.3% during the same year.  International digital purchases of recorded music accounted for 19.7% of total revenue in 4Q 2010, increasing from the previous year’s quarterly earning of of 14.6% in the same sector. WMG’s figures show that marketing internationally provide great opportunities for augmentation, at least for the time being.

emi460The impact of these trends in the music business on the future business model of WMG is also evident from the report for those willing to consider them.  First, the news reported by WMG that it is hiring Goldman Sachs to investigate and explore the potential sell of the company offers tremendous insight.  WMG has also proposed the option of selling only portions of the company in an effort to alleviate the debt and mere size of the company.  Going in totally the opposite directino, a third proposed option in consideration is that WMG would acquire its struggling little sister, EMI Music.   According to 2009 Nielson SoundScan® sales figures for each of the major conglomerates, the acquisition of EMI would position WMG as the largest record label in the music industry, with 32.72% of the U.S. market share, leapfrogging both UMG and Sony BMG to take the crown.

As noted earlier, EMI is the fourth largest music conglomerate, representing some of the largest acts in music today, including Katie Parry, Coldplay and Radiohead.   Despite its stable of well-known artists, Terra Firma, EMI’s current owner, has been treading water for almost a year now to to repay CitiGroup, from whom it borrowed millions to acquire EMI a mere 2 ½ years ago.  But as the repayment prospects for EMI are beginning to dim, as they reported massive losses of nearly $2.5 billion last year.  So, while things may look gloomy for EMI, Warner Brothers views EMI’s plight as an opportunity to expand its catalog and artist repertoire.  An opportunity of this magnitude is rare; therefore, acquiring EMI yields the potential for Warner Brothers to transform itself into a more profitable and diverse music industry conglomerate.  I’m sure EMI hopes the third time is the charm here.

So, the music industry continues to morph and adapt into something that will not resemble the traditional “record label” models of the past.  Gone are the days when such conglomerates are the only ones who will be able to produce multi-platinum superstar artists, sold through radio marketing and mass retail distribution on which they have a stronghold.  The days of the Internet revolution are upon us and the industry is starting to see its effects.  This drama will continue to play out over the course of the next few years.

NathanMy co-author, Nathan Drake is a senior at Belmont University from Northville, Michigan who graduates in May with a degree in Music Business from the Mike Curb School of Music Business. Nathan currently clerks for Mr. Barry Neil Shrum, Esquire at Shrum & Associates in Nashville, Tennessee. He plans on pursuing a law degree after graduation.  Nathan is author of his own blog entitled “My Thoughts.”

Further Reading & References:

http://thedailyswarm.com/headlines/warners-planning-buy-emi/

http://www.wmg.com/newsdetails/id/8a0af8122de5d32c012e028916cb03a6

http://finance.yahoo.com/q/is?s=WMG

http://www.time.com/time/business/article/0,8599,1962165,00.html

http://thedailyswarm.com/headlines/warners-planning-buy-emi/

http://ws.amazon.com/widgets/q?ServiceVersion=20070822&MarketPlace=US&ID=V20070822%2FUS%2Flaonthro-20%2F8014%2F702aa743-1b79-434f-a7b1-502e5a5e211c&Operation=GetDisplayTemplate Amazon.com Widgets[/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

I have to put a plug in for my brother, C. Kim Shrum, whose collaboration with the artist, Lancimagee Songs, Baby Be My ValeKim Shrumntine was released this week on iTunes.  You can check out the production here.  My brother has been writing songs as long as I can remember, and is one of the reasons I ventured into entertainment law.  Kim and I, together with our oldest sibling Michael, started a publishing company in the early 90’s called Painted Cow Publishing, so naturally I had to go to law school!  The rest is history.  Anyway, great work on the song gentlemen!  Sounds great.

(Nashville, Tenn. – Feb. 1, 2011)  Thanks to a uniquely talented roster of writers and artists, Nashville-based publishing and artist development firm Identical Entertainment is making quite a name for itself in the music and entertainment industry.
Founded in 2008 by twin sisters Kathy Aberson and Sheila Bauer, the multi-faceted enterprise has benefited in recent months from a variety of song placement opportunities in music and television.  With a current staff of five writers and two artists, the company focuses primarily on songwriting and publishing, but also houses an artist development branch that is continually on the search for new talent.
“The motivation behind Identical Entertainment was to create a company that can recruit great writers and artists, develop them, cut some songs and then help facilitate their career by playing to their strengths,” says Identical Entertainment President Sheila Bauer.  “Everyone here is passionate about the same thing – music.  We’ve been so fortunate to find incredibly talented people to work with, and we’re all excited to see what that passion holds for us in the future.”
Identical Entertainment staff writer Deanna Harper is one of the writers behind the Pop song and YouTube sensation, “Justin Bieber’s Girlfriend.”  Performed by 14-year-old Michaela Wallace, the song has garnered nearly 1 million views in less than three months on YouTube alone.  In 2010, Harper enjoyed success with her song, “Feel You,” which was selected and performed as the official wedding song for the nationally televised Bachelor/Bachelorette wedding between Jesse Csincsak and Ann Leuders.

Canadian singer Jess Moskaluke released her debut single, “Amen Hallelujah,” after signing an artist and publishing deal with Identical Entertainment in June 2010.  Written by staff writer Tiffany Vartanyan, the song grabbed the attention of noted indie artist promoter Tyler Ward, who selected Moskaluke as his featured “Artist To Watch” in November 2010.  “Amen Hallelujah” has already received more than 300,000 hits on Ward’s YouTube channel and has charted on Canadian radio.  Moskaluke’s follow-up, “Catch Me If You Can,” was released through Ward’s site on Jan. 29.
Tonja Rose
, one of the company’s hybrid staff writer/artists, is releasing her debut single to Country radio in February, titled “Where Would Your Heart Be.”   Written by fellow Identical Entertainment writers Deanna Harper and Greg Johnson and released through Nine North Records, “Where Would Your Heart Be” is Rose’s first single from her album, The Heart of Me.
The Identical Entertainment staff is anchored by President Sheila Bauer and CEO Kathy Aberson.  Director of Operations Lindsey Tatham Brown joined the company in 2008.  Reach Identical Entertainment at (615) 530-2643 or [email protected].  Direct mail to: Identical Entertainment, LLC, P.O. Box 120206, Nashville, TN, 37212-0206.
For more information, visit www.IdenticalEnt.com.

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