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Securing and diversifying professional income for musical artists

Thursday
October 16
16:00 - 16:45
Le Trianon - Workshop Area
ARTISTS & PUBLISHING
DMS CONSULTING
fr
For a music artist, developing and preserving their artistic identity is essential. This identity, which evolves over time, is key to standing out, building an audience, and attracting major publishing companies. However, as the artist matures, traditional structures such as major labels can become limiting. Many artists are now choosing independence, fueled by the rise of streaming and self-production - a trend reflected in the significant increase in independent studios between 2022 and 2024. Renowned artists like JUL, PNL, DAMSO, and NEKFEU have created their own labels, taking a major step that allows them not only to fully control their artistic direction but also to discover and promote emerging talent. Still, launching a label is far from straightforward. It requires careful consideration of legal, tax, financial, and administrative implications. Focused primarily on their creative vision, artists often overlook these crucial aspects. In this context, the chartered accountant plays a key role. As a trusted advisor, they support the artist in securing their current situation and structuring their label project. Their cross-disciplinary expertise enables a comprehensive approach-from analyzing the artist's economic model to assisting with the day-to-day operations of the label. This workshop outlines a three-stage approach: understanding the industry, securing the artist's financial and legal foundation, and guiding the deployment of the independent label. It is built around a real-life case study from the rap industry, illustrating the strategic decisions to be made and the added value of expert, independent guidance.

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