Artist Management Form With Two Points In Salt Lake
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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.
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.
A management agreement governs the relationship between an artist and their manager, and sets out their respective obligations.
Both artist management and record labels are essential for different reasons. A manager provides the personal guidance and day-to-day management necessary for a successful career, while a record label offers the resources and industry connections to produce and distribute music on a large scale.
Common Sections in Artist Management Agreements ARTIST MANAGEMENT AGREEMENT. BACKGROUND. Services Of The Manager. Rights And Authority Of The Manager. Term. Compensation. Accounting. Expenses.
5 Must-Have Clauses in Artist Management Contracts Commission Rates. Term Length in Management Agreements. Decision-Making Authority. Sunset Clause (place after Term) ... Exclusivity.
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
This typically involves providing written notice within the specified timeframe and adhering to any other requirements stated in the agreement. Remember, getting out of a music management contract can be a complex process, and it's important to approach it carefully before terminating.
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. I've seen some net deals, but they are extremely rare. That being said, I always push for a net commission on merchandise.
Just as an artist manager can terminate a contract, an artist also has the ability to terminate their contract with a manager.
