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.
Recording Contract For
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How to fill out Exclusive Recording Contract Or Agreement With Recording Artist?
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FAQ
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.
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.
Record Label Royalties As a quick reference, record labels can keep a cut anywhere from 50-90% of your earnings. It is an industry norm for a new artist to only receive 10-16% of their sales.
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.
To help you get started, take a look at a few basic components to include in your contract so you can better protect your art business.Client Info.Project Info and Terms.Project Timeline.Costs and Payment Terms.Itemization.Artist's Rights.Cancellation Terms.Acceptance of Agreement.