Being a
creative artist has its share of difficulties.
To create and manage a career as an artist would require the expertise
of someone who knows the business and financial aspects of entertainment
business. Hiring a professional in this
field would allow the artist to fully concentrate on their craft. However, there are people out there that will
take advantage of those who are ignorant to these concepts. More artists today are seeking to abandon the
idea of the artist manager and decide to manage themselves instead.
There are
both advantages and disadvantages to having a manager as an artist. As I mentioned earlier, the artist can commit
to the development of their talents while a manager is responsible for the
business aspects of their career. Reputable
managers also have knowledge of the necessary contacts and resources to expand
the artist’s career, such as venue managers, promoters, and radio
personnel. Of course, there is also the
risk of being taken advantage of by shifty managers. This blog (Warning: Strong Language)
demonstrates some instances where managers have exploited their artists’ lack
of industry knowledge for their own benefit.
Colonel Tom Parker, the manager of Elvis Presley, was receiving over 50%
of the artist’s earnings by the end of his career. Bob Dylan’s manager, Albert Grossman, took a
similar route and was reported to have taken 25% of the revenue. The norm at the time of a manager’s salary
was about 15% of the artist’s earnings.
Had the artists known that industry knowledge ahead of time, they could
have better negotiated their contractual terms.
Self-management
seems to be the trend with most current bands.
Without a manager or record label, artists can have more freedom and
control in the direction of their careers.
Bands have started turning to crowdsourcing to help fund their creative
aspirations, such as filming a music video and recording their next album. But, self-management seems to benefit those
who have been in the industry and are knowledgeable in their business and
finances. Especially within the
entertainment industry, credibility and knowing the right contacts are some of
the most important factors in the success of rising artists. In the case of Melissa James, even though she
has already established her role as an artist and is known throughout the
community, her credibility as a manager does not exist and has been dismissed
by many industry contacts in her attempts to promote her new record. And without being known by a strong fan base,
methods like crowdsourcing would prove unsuccessful if nobody even knows the
artist’s existence. Taking on multiple
roles as a self-managed artist can also take away from their craft, both
time-wise and inspirationally.
There are
obviously pros and cons to each side of the artist management vs.
self-management argument. Artists can
have the option of managing their own careers, but it would be more successful if
they had help in developing their image and presence early in their career. It’s always good to know basic knowledge of
the entertainment industry, like the average percentage artist managers
normally take from the artist, before establishing binding terms. Then, once the artists see how the industry
is run, they can better decide on how to continue their careers, whether it’s
renegotiating a contract with a current manager or venturing out their own.