Deal Making to the next Level
Posted: Saturday, February 9, 2013 by Dylan Benson in Labels: Business
Recently I was talking to a friend of mine named Darrell
Seale, the Director of International Programs for Fixed Wing Sensor Programs at
the private defense contractor Lockheed
Martin. Now what does this have to
do with audio? Well actually, absolutely
nothing. However, this man negotiates
multimillion dollar deals for breakfast, and it got me to think, how does deal
making like this compare to deal making and negotiation to someone in the
entertainment industry?
Courtesy of The Dividend Pig
After Seale received his bachelor’s degree in Industrial
Engineering and Aerospace Engineering from Oregon State University, he did a lot
of satellite imagery work, and was a program manager as an officer in the US
Air Force. After that, he was
negotiating national and international deals for Lockheed Martin.
So what makes these negotiations different from that of someone
in the audio field? Well, Seale deals
with defense products (high tech military weaponry) and someone in the audio
field will be talking about who gets to record what. Price is also different. An extreme case in the audio world would be
Jay-Z’s $150
million dollar record deal back in 2008, but it is not uncommon for
Lockheed Martin to close a deal worth over three
billion dollars. Seale also informed
me that these negotiations could go on for months at a time.
Sniper Advanced Targeting Pod: Some of what Seale Negotiates. Courtesy of Lockheed Martin