Pre Seen Materials
The February 2020 pre-seen materials have arrived for the CIMA MCS Management Case Study and it’s based around a company “Trevel Records”.
The pre-seen materials are available in your CIMA Study Planner, through the official CIMA website here. I’ve noticed this new process from CIMA is more efficient as I found the pre seen document was available first thing in the morning, unlike previous sittings when it seemed to a lucky dip when you can find the pre seen document!
Astranti Case Study Course
The Astranti MCS course for the Trevel Records case study is packed full of videos and analysis on the pre-seen materials and what might come up on exam day.
Here is what you can expect;
- Complete pre-seen pack of videos
- 3 x Full tuition videos
- 2 x Study texts
- 2 x Live Masterclasses
- 3 x Full Mock Exams
- Detailed marking and feedback
- Ethics Pack
- Pass Guarantee
Trevel Records: News Reports
The pre seen document is 31 pages long and students have a tendency to focus on the financial statements and company background and gloss over the final few pages.
However, these News Reports can provide you with a link to the unseen material on exam day as well was an indication on what type of questions may come up.
The news reports shouldn’t be underestimated – here are my thoughts on three of the different articles/reports at the end of the Trevel Records pre seen document.
Fortuna Daily News “Summer Sandals”
The first news article emphasizes the importance of producing music that is seen to be timeless or lets say seasonal records.
Dwyre Colt who wrote and recorded (no involvement from Trevel Records) the song Summer Sandals is receiving around 500k a year from royalties from a song that first came out over 20 years ago, as radios play his song every summer and it’s seen as a summer anthem.
A couple of key points to consider here;
- Do Trevel have a robust enough contract with their artists if they produce a timeless anthem. i.e. will the label benefit financially for ongoing royalties?
- Should Trevel encourage their artists to produce and record Christmas songs or Holiday songs that could potentially be a lucrative long time earner?
Fortuna Business Daily – Live Music
It’s interesting to read that the global market for live music is worth $27bn while recorded music is only $21bn, especially considering the stance that Trevel has on generating income from their artists tour performances.
It appears that Trevel (and perhaps their competitors too), see their artists touring is in fact the best way to market and advertise the brand.
Here are a couple of quotes from page 14 of the pre-seen
Trevel actively encourages its acts to tour and perform live concerts, but does not require any royalties or share of the ticket sales if they do so.
Trevel usually gives new artists a small financial contribution towards the costs of touring in order to encourage them to do so.
Given the fact that live music is worth so much and the fact Trevel’s revenue fell from 3249 to 3124m in 2019, could Trevel think about using their artists tours as an additional stream of revenue for the company?
Fortuna Daily News – Bankruptcy
The news that a successful musician has fallen into bankruptcy will perhaps show record labels in a negative light. Personally, my first thought would be that the record label took the lion shares of the profits and left the musician high and dry.
So the first impressions could paint record labels in a bad light.
So my previous point about Trevel Records trying to take additional revenue from artists touring will be harder than it seems due to the moral aspect around the whole issue of how the money is split in the music industry.
To turn this point on its head;
Trevel could use this article in a positive light and perhaps setup some kind of fund or charity for musicans that have fallen on hard times.
This could of positive publicity and corporate social responsibility initiative will help the image of Trevel and could see them stand above their competitors when it comes to attracting up and coming talent.
All in all, I find these articles at the end of the pre-seen a great way to start asking yourself some questions and preparing a few scenarios in your head about how Trevel can respond to specific challenges and opportunities that lie ahead.
Good Luck with your exam preparation!