Recording Studio Business Plan Template [Updated 2024]

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V. Competitive Analysis

You can download our Business Plan Template (including a full, customizable financial model) to your computer here.

Direct & Indirect Competitors

Black Current Studio
Established in 2002, Black Current Studio is an internationally renowned recording complex. Black Current Studio Studio was designed with state-of-the-art facilities and technologies, and in turn has been the studio of choice by artists ranging from pop stars to country music legends. The facilities now comprise eight recording studios with unrivaled equipment and microphone selection, including consoles available to fit any taste. Black Current Studio also operates an academy for professional audio education, which offers mentor-based, hands-on education.

Sound Studios
Sound Studios is a state-of-the-art recording facility that uses the latest software and equipment such as ProTools HDX Analog Gear Avalon, Universal audio, Nieve, Nuiman, and Sure. The studio offers top-quality recording and production services at affordable rates. In addition, the studio offers Instrument & Vocal Lessons, as well as an Audio Engineering & Music Business Course. Sound Studios has been in business for over 20 years and its clientele ranges from major TV productions to record labels.

Mix Media Studios
Established in 1997, Mix Media Studios is a full-service music and video production facility. The studio’s 10,000 sq. ft. building houses eight Rehearsal Studios, a Pro Tools HD Recording Studio, a 2,000 sq.ft. sound stage with VIP lounge, and a 2,000 sq ft Video Production Stage with a hard wall Cyc and lighting grid. The company’s clientele include independent film makers, record labels and streaming services.

Competitive Pricing

The competitor’s pricing is highly customized and varies depending on the scope of the project.

Competitive Advantage

[Company Name] enjoys several advantages over its competitors. These advantages include:

  • Location: [Company Name]’s location is within [Location] giving it better proximity to budding recording artists.
  • Management: Our management team has years of business and marketing experience that allows us to market and serve artists and consumers in a much more sophisticated manner than our competitors.
  • Relationships: [Founder’s Name] knows all of the local leaders, media and other influencers. As such, it will be relatively easy for us to build branding and awareness of our independent music business.
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