Our Latest Podcast: Latin America Has 640 Million People. For emerging artists, a major label deal may be the path to becoming rich and famous. This is what I like to call the “Contract from Hell”. These are usually the matters which must be settled in order for a record label to work with a recording artist. Instead of a traditional record royalty based on the sales price of the record, this agreement pays an artist a percentage of the net profits of the sale of the record. In addition, the label pays production costs. In these agreements, the artist can be either a single person or a group and the company is usually an organized entity. Catalogs of recordings are no longer needed. (b) Merchandising: If UMG were to exercise its right to extend the Term for any Option Period, Artist would grant to UMG a first negotiation and a matching right for an exclusive merchandising agreement in respect of the Artist. display: none !important; But a real record company can offer an artist marketing, publicity, video production, and support with social media, radio promotion, tour support and worldwide physical and digital distribution. ), the deal will not allow for the artist to make money, unless massive success is achieved. Entertainment Artist Contract Template – This type of contract is designated for an entertainment artist … What have you done lately is the model. This first contract is a basic license deal for a single album. With enough leverage, you can negotiate these four elements out of your recording contract. Because of these developments, labels now seek to participate in all possible revenue streams by artists. Steven R. Gordon, Esq., ([email protected], www.stevegordonlaw.com) is an entertainment attorney specializing in music, television, film and video, and the author of The Future of the Music Business (Hal Leonard 4th ed. 25% of digital products (i.e. Learn, listen, be open, and believe in yourself. Description: The Recording Artist Contract is used by a record company to enter into a contractual agreement with a solo artist or group to record one or more records. Also, the artist is free to release records with another label or by themselves. For instance, in return for 25% of merchandise profits, the label should manufacture, sell, and supply the merch. Required fields are marked *. A 360 deal may including a co-publishing agreement. That being said, the advice I always give to artists is to not sit back and wait for a label. Ari is the co-founder of AK Artist Group, a creative management company based out of New York City. display: none !important; Digital Music News ©2018 All Rights Reserved, "My Whole Source of Income Just Disappeared" — How Two Musicians Are Dealing With Cancelled Concerts, Songtradr Acquires Sync Licensing Company Cuesongs, Music in Advertising: Here’s How Industry Pros Select Songs for Placement, Sync Licensing: It’s Much Bigger Than TV, Film, and Commercials, Artist Image Is Everything — Here’s How to Build Yours on a Budget, This Is the Real Difference Between Rap and Hip Hop, What Does It Take to Succeed In Songwriting? A Music Recording Contract, or a record deal, is an agreement that record labels use to assert their ownership of the product of a recording session (the master recording) and their licensing rights in the promotion of the record. These days, a label deal is no longer a necessity. If there is a bidding war between two or more labels, the ability to improve the deal increases. Upside isn't enough anymore unless it comes with that guarantee. But assuming you're dealing with a legitimate label, here’s what to keep an eye out for in the contract: The goal is to make sure that you can control as much of the recording and creative process as possible, as any time the label mandates use of a specific producer, featured artist, recording facility, etc. If it was based on gross, the amount due to the label would exceed the artist’s profit. (a) Initial Period: One (1) master recording titled “xxxx-xxxx” (“First Master”) including, for the avoidance of doubt, all versions, remixes and videos related thereto. ringtones, fan site sales), 25% entertainment business (i.e. Description: The Recording Artist Contract is used by a record company to enter into a The artist allows the label to use any of their songs in exchange for a “mechanical royalty” (usually 6.8 cents). By 2012, the amount lowered to $7 billion and has remained steady since. These typically include options for multiple albums and 360 provisions that would entitle the companies to income from various income streams besides record sales. Whatever the splits are, the artist’s attorney should try to get the label to do something for each share. Here's a Contract offer to an Indy from Universal Music. While these percentages are typical, actual amounts vary from deal to deal. In exchange, the label has the right to distribute, license, or sell the album for a limited period of time.
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