mike krachan
Toronto, ON (CAN)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Reel Deal Entertainment Group Inc.
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Startup
Location:
Toronto
Industry:
Entertainment
Year Founded:
2010
Number Employees:
10-50 people
Business Stage:
Growth (not profitable)
Entity Type:
Incorporated Outside United States
Description:
A family of related companies that operate together to form a all-in-one-stop shop for young musicians to easily gain access to the global market in an affordable system. An alternate digital solution to the declining mainstream music industry. Unique in its operation, as it combines digital world retail and marketing, with real world(franchisable) services and product manufacturing.
In comparison, imagine an old (I say "old" because they are disappearing rapidly) record store in a shopping mall, except in our store we create the product in the "back room" (real world) - and sell it in the public "front room" (online).
>>> Multiple recording studios (3). We currently have three small recording studios in the Greater Toronto Area. Each of these having the ability to operate and profit independently. We would like to upgrade each or focus on opening one large facility in Toronto.
>>> Multiple record labels(3). To organize, contract and market different genres of music. The "label" receives 25% on ALL ALBUM SALES, as does the parent, for a total of 50% profit going to the company and 50% going to the contracted artist/band. (bands and artists are already lining up for our special guaranteed contract!)
>>> Multiple production companies(3). To produce, manufacture, and market different genres of music(c.d's, d.v.d's, mp3's and other digital products)
>>> One video production studio (1). Currently under construction is a small indoor video production studio with professional green screen.
>>> Digital distribution network. We currently have the means to use multiple sources (iTunes, Amazon, Tunecore, CD baby, Bandcamp, etc.) to sell and promote our companies music and video products, while simultaneously building our own network to be used in tandem with the highly successful existing "online stores". (note - our profit from digital albums sold in our own store is 100%! While other distribution channels such as iTunes take 35% of sales)
Please contact for much more info, including our Youtube channel and Google advertising sharing program, and our sales incentive program.
This is fast becoming the new way to do business in the music industry, and more and more artists are seeking independent digital labels, which now out sell the "Big four"(used to be big six a few years ago) - Universal, Sony, WMG, and EMI - music groups.