JXN Music Group | Application Preview
JXN Music Group is seeking government grants to fund salaries for key positions, including a producer, A&R manager, and interns, aiming for self-sustainability by 2023. The business plan includes organizing three music festivals in Mississippi in 2022, with profits expected to cover expenses and provide an operation budget for marketing, particularly gaining access to premium radio slots typically reserved for larger labels.
In addition to the festivals, the company plans to launch a promotional side, organizing shows across the southern U.S. and hiring three new team members to manage touring, further expanding their impact on the local music scene.
The group prioritizes empowering artists by offering them control over their work, aiming to foster the music culture in Mississippi, the birthplace of the blues. They believe that with the financial support, they can demonstrate that creative opportunities can flourish outside of major cities.
Their music festivals and tours boast a profit margin of 50%-150%, and they have yet to incur a loss at any event. While they face competition from established companies like Live Nation and Ardenland, JXN Music Group differentiates itself as a full-service label that combines recording, management, festival organization, and booking, positioning itself as a unique one-stop shop in the industry.
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General Information
Business Registration Number: 863619648
Location: brandon, MS, United States
Length of Operation: 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
Salary for Producer, A&R manager, and interns. We need this to grow the business to being self sustaining by 2023.
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Business Plan
We will grow the business in many different ways. We have three music festivals that we are organizing in the state of Mississippi in 2022. The profit off of these will cover all of our expenses, plus give us an operation budget to gain access into expensive radio slots that only the big labels have access too. Once we get into those slots we have the ability to grow our signed artists to a point where revenue is also being gained from them We are also this year stating our promotion side, where we will be putting on promoted shows across the south, this will also grow the business as we will need to hire a team of three people to run the touring side. With all of this we will be able to grow not only the business but also the music industry in Mississippi. We are wanting to change the way the music industry is done. by giving more control over an artist work we allow the artist to make the music he or she wants without the pressure from a normal label. We started this label to also grow the music population in Mississippi which was the birth place to the blues and many more genres. Having opportunities to go to larger cities in different states we turned those down to build something in Mississippi. We hope that with this money we will be able to show the nation that you don't have to go to a bigger city to chase your dream you can build your town/city where you are and change the way that an industry is run. Why you should invest, is the profit margin for most of our music festivals/tours are 50%-150% in return rate. We have nit lost money on any festival or show we have done.
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Self Identified Competition
Live nation, Ardenland, experience JXN Entertainment We are full service label, recording studio, Management, Festival organizer, and booking agency. We are a one stop shop, No other company around is doing all services under one roof.
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