For major label record deals, a typical artist royalty is in the 12-20% range. This lower royalty is a reflection of the increased investment that comes with a major label. In other words, you make less from record sales, but should be benefitting from a much larger investment in recording and marketing.
How to get a record deal in 2024: 7 crucial steps Identify your sound. Compile a great demo or album. Focus on quality. Forge music industry connections. Establish your fanbase. Perform live as much as possible. Get feedback from the people who matter.
The average major record label receives between 10,000 – 20,000 submissions a year from independent artists. Depending on the size of their budget, each label can only sign around 5 – 40 artists a year. So as you can see, competition is ferocious!
Play lots of live shows, develop a social networking presence, put your songs on YouTube, SoundCloud, and Apple Music, and get your fans excited about what you're doing. The more momentum and excitement you can build around your act, the more likely the label execs are to take notice.
GETTING SIGNED TO A MAJOR LABEL We're talking between 20-100k followers. Many artists end up hiring social media management to get this done so they can stay focused on the music.
The 360 deal is one of the most common, and most misunderstood, contracts in the industry. Many hate it on sight, assuming that it's designed to solely screw over the artist. However, it's not the predatory contract that many assume it to be.
Your Music Recording Contract should cover details like: Compensation and royalties. Where and when the album will be recorded. The album's release date. Who has creative control over specific elements of the album. The termination clause. The exclusive agreement clause. Dispute resolution. Promotional appearances.
Traditional Record Deal In this exchange, the record label will grant the artist a hefty advance for their masters' ownership and 80% of their royalties. I have never seen an artist get more than 22% of their royalties, and typically it's much lower than that.
5 Ways To Submit Your Music To A Record Label Online Submission Platforms. Many record labels have an online submission form on their website where you can submit your music, bio, and contact information. Social Media. Networking. Music Promotion Services. Direct Contact.