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- All Subjects: Law
- All Subjects: Business Plan
- Creators: Koretz, Lora
Music streaming services have affected the music industry from both a financial and legal standpoint. Their current business model affects stakeholders such as artists, users, and investors. These services have been scrutinized recently for their imperfect royalty distribution model. Covid-19 has made these discussions even more relevant as touring income has come to a halt for musicians and the live entertainment industry. <br/>Under the current per-stream model, it is becoming exceedingly hard for artists to make a living off of streams. This forces artists to tour heavily as well as cut corners to create what is essentially “disposable art”. Rapidly releasing multiple projects a year has become the norm for many modern artists. This paper will examine the licensing framework, royalty payout issues, and propose a solution.
Leagle LLC will operate in a very niche market with low barriers to entry. The information contained in the full business plan is highly valuable. This is the reason that only the summary of the business plan that was created as the honors thesis will be published. The details regarding sales forecasts, marketing strategies, and trade secrets are highly sensitive and could lead to the compromise of Leagle LLC’s future business and its parent company’s current business. Leagle LLC’s parent company currently works in a market closely related to the market Leagle LLC seeks to penetrate and it wishes to remain anonymous until this plan is realized.
LeagleCMS will be an online based application accessible from Leagle LLC’s website. Users will login to their account and be redirected to their dashboard, where whatever abilities assigned to them by the administrators in the target market are listed. These abilities include creating and editing user info, including administrator profiles and regular profiles. The ability to generate reports based on different data ranging from revenue collected to number of specific violations per month. LeagleCMS will also include an authoring system based off of its parent company’s current technology that allows users to generate a document from a pre-made template. One of LeagleCMS’s key values is operating in the cloud. All data will be stored on an encrypted cloud-based server hosted by Amazon Web Services. Users will access their data through LeagleCMS. This way, users can work from whatever operating system or device they choose.