This contract gives a company exclusive rights to all recordings of any form made by a recording artist for a period time in exchange for royalties.
This contract gives a company exclusive rights to all recordings of any form made by a recording artist for a period time in exchange for royalties.
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Per IFPI, a record label will typically invest anywhere from $500,000 to $2,000,000 in a newly signed artist. That's a wide spread to be sure, and a large amount of money from the perspective of most. Here's the basic breakdown of how these funds are allocated: Advance: $50,000 to $350,000.
A Music Recording Contract should include the following:Recording company details (name, contact info)Artist details (group name, names of each artist, contact info)Production details, e.g. studio address, recording session dates, control over song selections on the recording, and control over album title.More items...
What is a Recording Contract? A recording contract is a type of legal document called a contract. A contract is a legally binding agreement between two or more parties.
The ownership of the sound recording copyright rests with the 'author' of the recording. But this is not necessarily a human author in the usual sense of the word. In UK law the author of a sound recording is the 'producer', a legal term usually taken to be the record company that paid for the recording to be made.
A recording contract (commonly called a record contract or record deal) is a legal agreement between a record label and a recording artist (or group), where the artist makes a record (or series of records) for the label to sell and promote.