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Can you still get a record deal?

However, that does not mean record deals dont exist anymore or are no longer relevant. On the contrary, for many musicians out there, the ultimate goal is still getting a record deal, as the opportunities to docHub a wider audience increase dramatically if you have the support of an established music enterprise.

How much is an average record deal worth?

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?

Do you need a manager to get a record deal?

Today, some folks hire a PR agent first, others start with a sync agent, and many start with a record label if they can get a deal without the help of a manager. If they didnt hire someone at the get-go, an artist will typically hire a manager when theyre at a major growth moment in their career.

How much do you get for a record deal?

As a quick reference, record labels can keep a cut anywhere from 50-90% of your earnings. It is an industry norm for a new artist to only receive 10-16% of their sales.

How do record deals pay?

Overall, you might only get paid on 90 percent of actual sales, since retailers are able to return records they dont sell. The record label therefore holds on to a portion of your royalties, usually 10 percent, as a reserve, until all sales are verified.

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