Jefferson Multi Media, Inc. The Entity’s Background: Jefferson Multi Media Inc. is a production company that provides services to recording artists. The company has two main divisions: the audio division and the video division. The audio division is charged with executing all necessary procedures to finalize the recording process. For example, the company records the artists, adds special effects, develops concepts and designs, and finally promotes artist relations to ensure that artists are satisfied with the services provided by the company. To finalize the audio production process, the company’s audio division produces the final work in a form of audio cassettes, computerized disks, and digital sound tracks, which are transferred …show more content…
We agree with the way the cost per division is being calculated. However, we propose a different way to allocate indirect cost per product based on the number of hours calculated for each product and an estimate of the number of units needed for special effects, concept/design, and artist relations related to each product. Based on the calculations provided by Mr. King, we used the cost per hour or unit shown on the Resource-Based Cost Report to calculate the costs of each resource by product line. Once we had the cost resource-based, we calculated a percentage for Cassettes, CDs, and Digital Sound Tracks (DST). The percentage was applied to the “indirect costs allocated from central office”, shown on the product-type cost report, for each of the previously mentioned products. When we got the indirect costs, we noticed that DST absorbed most of those costs, which increased from $53,227 to $105,590. DST requires a lot more of recording studio hours, extensive special effects, new concept design, and continued artists relations. When comparing the indirect costs for Cassettes and CDs calculated using the Product Type-Based and the Service-Based systems, we noticed that both products’ indirect costs decreased by using the Service-Based system. Cassettes require less recording studio hours, moderate special effects, none modification to the
"Generally, a plaintiff seeking to pierce the corporate veil must show that complete domination ' was exercised over a corporation with respect to the transaction attacked, ' and that such domination was used to commit a fraud or wrong against the plaintiff which resulted in plaintiff’s injury '" (Williams v Lovell Safety Mgt. Co., LLC, 71 AD3d
An act to amend Virginia code 20-124 paragraph two, point three and subsection F of 63.2-1202 in regards to subsection A of 18.2-61 to apply not only to convicted persons but also to an accused person when there is clear and convincing evidence of rape (Definitions; Megison; Rape; Parental, or agency, consent required; exceptions).
The case of AJ Holdings Group LLC v. IP Holdings, LLC arose as a dispute of breach of contract. During the litigation phase of Discovery Defendants moved for sanctions regarding claims of spoliation and that Plaintiff failed to preserve evidence stored in email. There was a motion to compel discovery from Plaintiff in regards to email and paper discovery. Defendant argued that Plaintiff did not implement a litigation hold to preserve existing electronic information on or after the date the Plaintiff was placed on notice of potential litigation. Further, Defendant argued that Plaintiff had no practice or mechanism in place during the relevant time frame for backing up the emails of its principals, this included emails which were being sent over a server held by AOL and over the company’s server. Finally Defendant argued that Plaintiff during the relevant time of this case, converted the principal’s blackberry and computers and did not keep any of those devices making the recovery of those emails via forensic work impossible. The individuals which had their devices changed or upgraded were all key players in the license agreement which gave rise to the cause of action. Defendants motion for sanctions based on spoliation was based on the above arguments. The court held a hearing which lasted three days and cited to Zubulake v. UBS Warburg LLC (220 F.R.D. 212, 220 [SDNY 2003]) and colloquially labeled that case as the “Zubulake factors” which determined that
1.3 There are a lot of necessary service companies attached to the music industry and also management companies.
HMM will capitalize on the growing entertainment market around the globe through the production and promotion of high quality entertainment. Located in Los Angeles, California, the company will become highly profitable through the sale of pre-recorded music products, in addition to revenues generated from ancillary profit centers. HMM will own and control the masters (master copies), copyrights and licenses of its product, which will enable HMM to create immediate revenue streams while growing its music catalog into a multi-million dollar asset.
The Wallace Group is devised of three operational groups which include Electronics, Plastics and Chemicals. Harold Wallace was the original owner of the electronics company, but now has 45% of the group after acquiring the plastics company and then the chemical company. He also serves as the Chairman and President of the Wallace Group, but each group is run by a Vice President. Recently, Hal Wallace hired Rampar Associates to put together an
In this assignment, I will be looking at the pros, cons strengths and weaknesses of the 4 main areas of my study, these are artist management, music publishing companies, live music and Record companies. Studying these 4 areas will allow me to understand the industry in more detail as I wish to work in this industry. Knowing about these different areas of the music industry will help my current knowledge for the future.
This memo will provide perspective and a position on the client’s current operation and its potential liability to existing copyright holders. It will identify potential risks as it pertains to: copyright infringement under U.S.C. § 101 et al, the elements that the Company is particularly at risk under, including (but not limited to): access, substantial similarity (with a jurisdiction view on intrinsic vs. extrinsic similarity). It will also outline the practical defenses the Company will be able to raise under the fair use doctrine and de minimis standards. Depending on the end user and changes to the business model, the Company may be able to minimize exposure to copyright claims or develop tracks that are so substantially dissimilar that they can be seen as
In 2007 there were four major music producers who owned together 75% of the entire market. And in spite of the amount they owned of the market, they still all had trouble with their profitability. The fact that they had profit problems seemed really surprising. But the reason was really clear. One of the main reasons the companies were losing money, was because selling music via the Internet became more popular than buying CDs in a store. Furthermore, the profit margins of cd sails were higher than those of the online sails.
The primary objectives that auditors hope to accomplish by confirming a client's year-end accounts receivable is to check certain management assertions such as existence, rights and obligations, and valuation. Confirmations from clients and outside parties related to a transaction. Generally, the auditor sends to the client's customer a confirmation stating the amount owed. The customers are requested to return a statement to the auditor indicating whether they agree with the amount, or providing information about any exceptions. Confirmation from the debtor of the client is regular procedure to support existence assertion. The client's customer`s ability to pay off the debt is valuation assertion.
Recording studio – the main aim of this business is to offer an affordable practice space and recording studio to young bands and older more established ones as well. I also plan to have a student discount for bands under the age of 21, perhaps a 10% discount. The focus of the business would be mainly on practice space containing high end equipment including brands like marshal and Ashdown; however a large amount of effort and resources will be used creating a small, elite studio recording space with single instrument/vocal pods, 2/3, an eight foot drum recording room, and one large full band room with sufficient mid-high end microphones. Transition into the full recording studio is the main aim of this business and will hopefully take
The advancements of technology have impacted the recording studios more dramatically than any other career within the music industry. Thus the necessity to adapt to these changes is vital for any individual working in this field. However, these advancements have also made the technology of professional recording studios more accessible and subsequently caused the rise of home recording studios. The advancements of technology have impacted the recording studios more dramatically than any other career within the music industry. Thus the necessity to adapt to these changes is vital for any individual working in this field. However, these advancements have also made the technology of professional recording studios more accessible and
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Entertainment is a high growth category driven by music and multi media, in particular, the rapid growth of DVD as a new format and the launch of new games consoles and related software’s.
In the early 1980s, Japanese auto makers contemplated building cars in North America. At that time, it was unclear whether cars produced outside Japan could live up to their hard-earned reputation of high quality at low cost. In 1992 Toyota meets a