#creativeindusty
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Emerging artists hope and pray for a RECORD DEAL but most times these deals could cost their careers.
So before you sign a record deal, here are a few tips to consider;
- Duration of the contract. Usually, a standard contract is for one year.
- Royalty Rates. For certainty, a provision can be made for a third party auditor just to ensure that the artist is paid what they are due.
- Get a release clause. This usually is a commitment on the part of the label to release, at least one, album within the term of your initial contract.
- Means to recoup. Be certain of where and when the money spent will be recouped. From royalties? How many percent? From performances? From merch? Net profit? Gross profit? These are necessary questions.
- GET A(n Entertainment) LAWYER. Those seemingly innocent English words, the Prepositions _ those two letter words could cost you your career. Get a professional to represent your interest before it's too late.
#emergingartist #upandcomingartist #recordlabels #recorddeal #musicbuinesstips #tokmusic #musicbusinessenthusiast #musicknowledge #musicbusiness #musicroyalties #releaseclause #getalawyer #musicroyalty #music #knowthis #newpost #creativeindusty #creatives #theivyqueen
Emerging artists hope and pray for a RECORD DEAL but most times these deals could cost their careers.
So before you sign a record deal, here are a few tips to consider;
- Duration of the contract. Usually, a standard contract is for one year.
- Royalty Rates. For certainty, a provision can be made for a third party auditor just to ensure that the artist is paid what they are due.
- Get a release clause. This usually is a commitment on the part of the label to release, at least one, album within the term of your initial contract.
- Means to recoup. Be certain of where and when the money spent will be recouped. From royalties? How many percent? From performances? From merch? Net profit? Gross profit? These are necessary questions.
- GET A(n Entertainment) LAWYER. Those seemingly innocent English words, the Prepositions _ those two letter words could cost you your career. Get a professional to represent your interest before it's too late.
#emergingartist #upandcomingartist #recordlabels #recorddeal #musicbuinesstips #tokmusic #musicbusinessenthusiast #musicknowledge #musicbusiness #musicroyalties #releaseclause #getalawyer #musicroyalty #music #knowthis #newpost #creativeindusty #creatives #theivyqueen
Replying to @lordoluwasegun I hope this helps. I'm open to answering more questions - as much as I know.
#musicrights #musicpublishing #mechanicalrights #mechanicallicense #copyrights #musiccopyrights #questionandanswer #qanda #mechanicalroyalties #licensee #licensor #mcsn #coson #letthemusicpay #musicpublisher #collectingsocieties #musiccomposer #musicproducer #songwriter #creativeindusty #musicbusinessenthusiast #theivyqueen #ivythemusicbusinessenthusiast
#musicrights #musicpublishing #mechanicalrights #mechanicallicense #copyrights #musiccopyrights #questionandanswer #qanda #mechanicalroyalties #licensee #licensor #mcsn #coson #letthemusicpay #musicpublisher #collectingsocieties #musiccomposer #musicproducer #songwriter #creativeindusty #musicbusinessenthusiast #theivyqueen #ivythemusicbusinessenthusiast