5 Must-Have Clauses in Artist Management Contracts Commission Rates. Term Length in Management Agreements. Decision-Making Authority. Sunset Clause (place after Term) ... Exclusivity.
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.
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.
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.
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.
7 Key Members of Every Artist's Team Music Manager. Your manager should be your right hand, bad cop, firm-whilst-easygoing negotiator, and tough-love-giving parent set to guide you through the musical-career waters that are now your life. Live Agent. Publicist. Radio Promotion Company. Music Publisher. Lawyer. Distributor.
They help the artists in creating their own brand, thus helping them market their work and make a sustainable career path. This includes everything: from media training, public relations to even social media marketing.
The core of the artist's team consists of publishers, record labels, concert promoters and booking agents. The Artist Managers are the grand overseer of that whole team, and they are the ones getting that band together in the first place.
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.
If you've been handling everything on your own and are hitting a wall getting past the proverbial industry waiting room, it might be time to hire a manager. A manager must constantly work at managing your own expectations and goals, while expanding your base of industry relationships, experience and knowledge.