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A tour manager organises, administrates and provides support during music tours, including arranging travel plans, creating tour schedules, managing tour finances and resolving disputes amongst the touring crew.
As a general rule, managers take a percentage of all income generated by the artist in exchange for their management services. Commission rates typically range from 15-25% of the artist's gross income from: Recording royalties: Sales, streaming and licensing of recorded music.
Term of Agreement: Specify the duration of the agreement. Most property management agreements are for one year, but shorter or longer terms are possible. Outline any renewal options or termination clauses. Scope of Services: Clearly define the property manager's responsibilities and services.
They provide strategic guidance, helping artists make informed decisions about their career trajectory. Moreover, managers often act as a buffer between the artist and the business side of the industry, protecting the artist's interests and ensuring they are treated fairly.
The industry norm can vary from contract to contract, but the standard length is often between 3 years – 5 years. For an artist, the shorter the agreement, the better. Note this is something that can be negotiated by both the artist and the manager prior to the parties signing the agreement.
Managers usually takes a percentage of the artist's income. This typically ranges between 10 to 20% and is usually 15% for indie artists in my experience.
The industry norm can vary from contract to contract, but the standard length is often between 3 years – 5 years. For an artist, the shorter the agreement, the better. Note this is something that can be negotiated by both the artist and the manager prior to the parties signing the agreement.
Artist Manager Salary Annual SalaryHourly Wage Top Earners $400,000 $192 75th Percentile $400,000 $192 Average $246,250 $118 25th Percentile $92,500 $44
Record contracts typically state their duration as a requirement for the artist to make an initial recording within a certain time frame (often one year), followed by successive one-year (or occasionally multi-year) options to extend the contract for up to seven total albums for a total of seven years.