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How to Move Page Music Recording Contract

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In this video, Damian Keys discusses the reality of recording contracts for musicians today. He highlights the common dream of being signed to a major label and the luxurious lifestyle associated with it, but points out that contracts have evolved significantly over the years. Many successful artists often find themselves facing financial challenges after signing lucrative deals. Although he is not a music industry lawyer, Keys regularly reviews record contracts sent by artists, noting their varied structures. The tutorial aims to educate viewers on what a record contract entails, the key components to watch for, and how to avoid becoming a cautionary tale in the music industry.

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What is an 80 20 record deal?

And a 80/20 split means that you or the artist (whoever signs the contract with the record company) will receive 20% of revenue when the song is being sold. Speaking as a record company a 80/20 split on revenue seems incredibly high to me

What is a 50 50 record label deal?

A 50/50 record deal is an agreement between an artist and a record label in which the label agrees to finance the recording and promotion of the artists album in exchange for half of the profits from sales of the album.

What percentage of album sales goes to the artist?

Under the traditional recording agreement, recording artist royalties usually range from 10% to 25% of the suggested retail price for top-line albums (although many record companies have begun to compute royalties on the wholesale price).

How does a 50/50 record deal work?

A 50/50 record deal can also be viewed as a joint venture or partnership deal between an artist and a label (or between two labels). These types of deals used to be almost non-existent. However, independent artists and labels have gained a lot more power and influence without the help of labels.

How much is a typical record deal?

This Is How Much A Record Label Typically Invests In A New Artist. Per IFPI, a record label will typically invest anywhere from $500,000 to $2,000,000 in a newly signed artist. Thats a wide spread to be sure, and a large amount of money from the perspective of most. What is this?

How many pages is a music contract?

Every record label contract is different. Major labels may use a 50-100 page document, while indie labels might be as short as 5 pages. The gist of them is the same the artist sells rights to exploit their songs for profit to the label, in exchange for a cut of the profits.

Can you get out of a music contract?

There is no simple way to break a contract. Most are appropriately drafted, rigid in their obligations, and not easily escapable without both parties consent. With that being said, there may be ways in which a contract might be invalid: You were under the age of consent when you signed the contract.

What happens if you break a music contract?

Sometimes, artists will break their end of the contract to force the label to seek termination of the contract. This can be risky and can result in lawsuits. Sometimes artists will quickly make a few records to fulfill their requirements as well. Any of these scenarios requires a lawyer.

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Move Page Music Recording Contract