Management
Optimise your career in the entertainment industry with our expertise. We will organise and coordinate your team and be the point of contact for your partners.
As a business manager in the music and entertainment industry, Nextar plays a crucial role in managing the various responsibilities of the entourage and financial aspects of the careers of artists, DJs, producers, (content) creators, e-sports, professional athletes and music companies. Our responsibilities include:
Communication and collaboration
- Stakeholder communication: Maintaining effective communication with artists, DJs, producers, (content) creators, e-sporters, professional athletes and music companies as well as their partners such as record labels, agents, accountants and other stakeholders.
- Teamwork: assemble and work closely with other members of the artistic team, such as a&r managers, tour managers, agents, promoters, promotion managers, PR managers and lawyers.
Financial management
- Budgeting: Develop and manage budgets for releases, projects, tours, e-sports tournaments and other expenses.
- Accounting: Monitor financial transactions, track revenues and expenses, and maintain accurate financial records.
Revenue management
- Revenue monitoring: Monitor and manage revenue streams, including record sales, streaming royalties, merchandise sales, revenue from concerts, live sets, appearance and licensing revenue.
- Royalty collection: Ensuring artists receive their due royalties from various sources, such as collecting societies, record labels and streaming platforms.
Contract negotiation and administration
- Contract review: Review and negotiate contracts on behalf of artists, DJs, producers, (content) creators, e-sports, professional athletes and music companies, including record contracts, publishing agreements, sponsorships and licences.
- Contract compliance: Ensuring that all parties involved comply with the terms in contracts.
Tax planning and compliance
- Tax management: Working with accountants to optimise tax strategies, ensure tax compliance and deal with tax-related issues for artists, DJs, producers, (content) creators, e-sports, professional athletes and music companies
- Financial reporting: generate financial reports for both internal and external stakeholders.
Investment and asset management
- Investment strategies: Advise on financial investments and manage assets to maximise returns.
- Asset protection: Implement strategies to protect the financial interests of artists, DJs, producers, (content) creators, e-sports, professional athletes and music companies.
Business strategy and planning
- Strategic planning: Work with artists, DJs, producers, (content) creators, e-sports, professional athletes and music professionals to develop long-term financial strategies and business plans.
- Risk management: identify potential financial risks and develop strategies to avoid them.
Tour budgeting and logistics
- Financial planning for tours: Planning and managing financial aspects of concert tours, including budgeting for travel, accommodations, production costs and other expenses.
- Logistics: Coordinating logistics related to tours, such as transport, accommodations and equipment.
Navigating the complex landscape together
As business managers, we are essential in the entertainment, creator and sports industry, ensuring that financial matters are handled efficiently, contracts are beneficial and overall operations run smoothly. Our role is crucial in helping artists, creators, e-sports, athletes and music companies navigate the complex landscape of the specific domain in which our client operates.