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They possess excellent communication and interpersonal skills, public relations skills, marketing and advertising skills, negotiation skills, leadership skills and basic computer skills. Artist managers must be friendly, independent, aggressive, and has the ability to work as part of a team.
At the end of the day, the most important words on the agreement are the names of the people who are signing. As an artist, you want a manager that you can trust, and who's a good fit with your work habits, style, communication and ambitions. The same goes for the manager. There needs to be a good fit.
Management contracts are often drafted so as to cover all of an artist's activities in the entertainment industry. Whilst a musician may focus primarily on recording and playing live, their success may lead to other opportunities such as modelling contracts or the chance to publish their autobiography.
An artist manager is nearly always required to take a fixed percentage (usually 15-30%) of the gross revenue (amount before deductions of costs).
Managers are usually paid on commission, meaning they are paid a percentage of what their artist earns. The commission rate varies slightly from manager to manager, but the standard rate is 20% of the gross income, net of some expenses.
An exclusive contract means that only one manager is allowed to sign artists for the company at a time. And the manager will be able to sign an unlimited number of artists as long as each artist is only signed to one manager.
An Artist Management Agreement is used by a personal manager to contract with a recording and performing musical artist to set the terms for managing the artist's career. The manager receives a percentage of all the income generated by the artist for the management services provided.
7 Essential Clauses in an Artist Management DealExclusivity. The manager is more likely than not, the artist's only manager, but the artist may not be the manager's only artist.Time.Manager's Management Services.Decision-Making.Commission.Expenses.Cash Flow.
An artist manager is the professional representative and advisor for a musician or band. Managers help build an artist's career and get their client's music in the hands of producers and label executives, as well as negotiating contracts and setting up tours.
The Management Fee A standard management fee is usually around 15% - 20% of your earnings. Your manager takes a cut of proceeds from album sales, any label advance, and from the earnings from deals they have negotiated.