How long is a normal artist manager contract? The standard length of the management contract is three years but it can vary from 2 to 5 years on a case by case basis. Most contracts also include a "Sunset" clause.
Managers' commissions are typically between 15 to 20% of an artist's gross income. Whether it's 15% or 20% really depends on the level of the band and the bargaining power of each party.
However, considering that each artist typically has a team of 3 to 4 managers, each serving distinct roles, it's safe to say that the number is staggering. In the U.S., as of 2021, there are over 25,000 artist managers.
Steps To Starting An Artist Management Company Build Your Artist Roster. Sign A Contract. Don't Quit Your Day Job Just Yet. Draft an Artist Management Company Business Plan. Make a Name for Yourself. Get Organized. Work With an Entertainment Accountant. Hire an Entertainment Lawyer.
Common Sections in Artist Management Agreements ARTIST MANAGEMENT AGREEMENT. BACKGROUND. Services Of The Manager. Rights And Authority Of The Manager. Term. Compensation. Accounting. Expenses.
An artist team can consists of many managers (personal managers, business managers, road managers, production managers/technical managers), a live/booking agent, a music publicist, a radio/streaming promoter, a music publisher, a entertainment attorney, and a music distributor.
In most cases its one manager. However it is not uncommon for an artist to have two “managers” but each would be assigned different roles.
If you're a musician looking for a music manager, consider following these steps: Develop your music. Create recordings. Explore your network. Contact agencies and managers. Continue to promote your music. Meet and discuss your career goals. Negotiate and sign a contract.
Utilizing Music Industry Platforms and Networks Several online platforms are designed to connect artists with industry professionals, including managers. Sites like ReverbNation, Sonicbids, and Music Gateway offer opportunities to showcase your music and connect with potential managers.
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.