What kind of LLC do I need for a record label?
Limited Liability Company or LLC The limited liability company (LLC) is ideal for most record label businesses. An LLC is easy and inexpensive to set up, and has the least administrative requirements of any formal business entity.
How do I create a record label contract?
How to create a Music Recording Contract Step 1: Specify where youre creating the Music Recording Contract. Step 2: Provide the recording companys and artists details. Step 3: Outline the production details. Step 4: Outline the recording details. Step 5: Decide if the contract will include an exclusive agreement clause.
What is a 85/15 record deal?
He was like, Thats an 85/15 deal where you get 85 percent and the record company get 15 percent. So when [the record label] came at me, I was getting real hot on the streets and I told them I wanted a distribution deal.
What is a 50 50 record deal?
In a production deal, the artist usually signs a 50/50 deal with a single producer. The producer agrees to produce one or more of an artists album in entirety but retains 100% ownership of the master recordings.
What is in a record label contract?
Rights / Grant of Rights: All the things the music company plans to make money from and/or promote, which might include streams, downloads, and sales of master recordings, official artist videos, photos, logos, cover songs, synch licenses or sublicenses, your name, cover artwork, and bios, plus merch, touring, and more
What is a 360 record deal?
360 Deals are exclusive recording artist contracts that entitle a record label to a percentage of earnings from all of an artists revenue streams, rather than just recorded music sales.
What happens when a label signs you?
When you sign with a recording label, you are agreeing to make sound recordings and audiovisual recordings (i.e., music videos) exclusively for them. This means that during the Term of the contract, you cannot record or release music for anyone besides the label.
How do I get out of a music management contract?
The simplest way to end a management agreement is to let the time run out. The length of the agreement, that is, how long the manager has a job, is established in the term provision. It is usually in the artists best interest to keep the initial term as short as possible, perhaps one or two years.
What is a label contract?
This is an agreement between the record company and the artist whereby the artist agrees that, in the event of default by the production company, the record company can enforce its rights directly against the artist.
Do you have to pay a label back?
In a record deal, advances are non-returnable; the artist will never have to pay back the label. In fact, the record company defines almost every cost paid in connection with an artist as an advance, whether paid directly to that artist or a third party on their behalf.
