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What does it mean to own your masters in music?

Owning your masters means you own the copyright to the original sound recordings of your music. The copyright of the Sound Recording is generally owned by the artist or record label that they are signed to.

What is the contract between a producer and a record label?

The Producer and Record Company Production Agreement is a contract used when a producer enters into a contract with a record company to produce one of the the labels artists it has under contract.

What is a producer contract for a signed artist?

A producer contract for a pro-artist is an agreement where an artist engages a producer to conduct recording sessions and deliver certain tracks for a fee. The producer will make reasonable efforts to present such compositions to labels with the view of securing a deal.

Why would an artist sell their masters?

Certainty of cashing-in when selling As in real estate, there are good times to sell and bad. During the COVID-19 crisis, for artists who werent generating income from cancelled tours, it was a good time to sell as they benefited from the increased value of their catalogs due to investor interest.

How do you write a music production contract?

Your Music Recording Contract should cover details like: Compensation and royalties. Where and when the album will be recorded. The albums release date. Who has creative control over specific elements of the album. The termination clause. The exclusive agreement clause. Dispute resolution. Promotional appearances.

Do labels pay for mixing and mastering?

Lets say, youve got a $100 of pure revenue from the sales. Most record labels deals imply 50:50 share, so both you and the label get $50 each. But if you have mastering done by the label, audio engineers fee will be deducted from that revenue. Same applies to a custom-made artwork and other expenses.

Why do artists not own their masters?

Traditionally, under a contract between a record label and artist, the record label retains the rights in such master recordings in perpetuity, or until the expiry of the copyright of these recordings. In return, an artist receives royalties from the commercialization of these rights.

What is an override in music industry?

If and when you get a record deal, you reimburse them the cost of the demos, and the demo funder (lets call them the Funder) gets a 1% or 2% of retail royalty on your records. This royalty is known as an override, because it rides on top of your deal.

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