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.
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.
Here are the basic steps you can take to become a tour manager: Pursue relevant education. Some employers may require a bachelor's degree, while others need only a high school diploma or certificate. Gain experience. Develop a professional network. Perfect your social skills. Identify a mentor.
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.
A Recording and Publishing Agreement On Certain Recordings is a type of agreement under which an Artist assigns both recording and publishing rights to a label in exchange for an advance, royalties and a commitment from the label to fund and release the recordings and procure synchronization and/or performance license ...
It's worth noting that tour managers often double as personal managers. This means that they not only oversee the logistics of the tour but also manage all aspects of an artist's life. They are responsible for not only ensuring a smooth-running tour but also ensuring the artist's happiness and well-being.
Tour managers are responsible for overseeing all technical, financial, and logistical aspects of an artist's tour, from booking flights to arranging interviews with local radio stations. It's their job to ensure that every step runs smoothly, guaranteeing safety and success.
To help you get started, take a look at a few basic components to include in your contract so you can better protect your art business. Client Info. Project Info and Terms. Project Timeline. Costs and Payment Terms. Itemization. Artist's Rights. Cancellation Terms. Acceptance of Agreement.
Having an artist management contract in place from the start sets the tone for a happy manager-artist relationship. By including clauses for commissions, term, decision making, sunset periods and exclusivity, you'll have all your legal bases covered from day one.
How long does the contract go for? I've asked a few labels over the years, and a typical licensing agreement lasts, on average between 5 to 7 years. Of course, there are much shorter, and much longer contracts out there… do what's fair for both you and the artist.