Week 2: Don't Panic
A new artist, new superstar, weekly bonuses and more...
NEW YORK, NY Friday Jul.14.2006 /FantasyMusicLeague.com/ -- With two weeks under your belt, it's time to take a look at your artists and review your notes as to what you expected for revenue. Nobody says you can't view the roster of other Labels to see how well their artists are doing. (Click the label name from the Standings page) But, be forewarned, just as with the stock market, past performance does not guarantee future results. You also will not be able to see any trades they have in queue for the upcoming week.
Kenny Chesney joins Nickelback and Tim McGraw as an FML Superstar with a signing price of $25 million. We update the artist values just after the trading deadline for the upcoming week (Monday at noon pt). A percentage of the artist's revenue from the previous week is tallied and when these fractions add up to a million dollars we bump the artist's price up. The artist's price stops increasing at when they reach the $25 million FML Superstar level. For every week the artist isn't on the NMC eTracks there is a slight reduction in their value, when it drops below the next million dollar mark the artist's value is dropped by a million dollars.
The Wreckers debuted on the Country eTracks at number 17. If you sign a debuting artist and keep them for two weeks you'll be eligible for the $250,000 Debut Bonus. With a little research, reading their bio and listening to sample music on their official website (the link is provided on the FML artist page) you'll have to decide if they're right for your label.
This week the FML awarded over a million dollars in bonuses. Nelly Furtado's huge jump, on the CHR eTracks, from 19th last week to 3rd this week earned Labels who have her signed an extra $300,000 in bonuses. For the jump she picked up the Top 10, Top 5 and Top 3 Bonuses worth $100,000 each. Rihanna's move on the CHR eTracks from 2nd last week to 1st this week earned her the Top 1 Bonus of $250,000. For more information about bonuses and how they're awarded see the rules section about Scoring.
Quack was wondering why her label name read [name pending] when she first came to the site, but displayed the actual name when she logged in. First, don't panic, having your label name display as [name pending] does not in any way effect the revenue earned or your standing in the game. In order to protect the eyes of our players, all names must be 'approved' by the commissioner before we'll allow them to be displayed to the public. Most of the time the commissioner approves or rejects the names each day and by the time new labels appear in the standing your name has been approved. So far so good, except, it seems as though our commissioner took a day trip to Las Vegas and forgot to return. After a few days he surfaced, remembered there is a world outside of the glittering lights and returned to his post (with a strange smile on his face, but that's another story for another day). He then reviewed the label names and now the world can see that Quack is in the top 10. Smack dab in the middle of the prize winners, remember the top 20 Open League players share the prize pool.