| Dear Attorney Ron: "How Much Money Do Record Labels Pay Artists With Typical Record Deals?" |
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| Written by Attorney Ron Bienstock | |||||||
| Thursday, 26 April 2007 | |||||||
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Music Attorney Ron Bienstock (Goo Goo Dolls, Billy Joel, etc.) answers your Biz/Legal questions including: "What percentage should I expect to receive once I sign with a major label?", "How do I get into artist management?", "When do I need an attorney for my band?" and much more!
* Terms of Use: This column and the information contained within is presented to our readers as a reference tool. The short answers given to these questions are not intended to constitute full and complete "legal advice." The answers given here do not constitute an attorney/client relationship. Getsigned.com will not be responsible or liable for any damages arising from the information posted here. We strongly advise setting up an appointment with Mr. Bienstock to discuss your problems in more detail. He can be reached via his website at www.musicesq.com
Q: Hi Ron, I am a college student, with a major in music business. I was looking into artist management, but I have no idea where to start once I graduate college. Any tips on where to start out in that kind of career? Any help would be greatly appreciated. ---Thank you, Tabitha
A: Tabitha: Several schools such as NYU have graduate degrees in music and media management (I know - I lecture there!). Internships at management companies and/or record companies are excellent ways to be around the business. You can also check out the Getsigned.com bookstore for the latest "how-to" books & DVDs on artist management. You really don't need to go to school to get into artist management--just need the focus, drive and commitment to succeed. Where to start? Why not take on a client or two in your area. You'll get plenty of real world experience that way. There'll be bumps along the way, but that's how you learn. Typically, managers take 15-25% commission on gross receipts. That means you take your cut "off the top"--before expenses. Good luck in your new career!
A: R.R., I hope you are not negotiating this deal yourself! As to your specific question, 25% of retail, wholesale, P.P.D, etc....? US major label agreements generally are based on retail (Sony is wholesale, sometimes Capitol is, too). The "average" deal is 13% to 14% of retail with industry standard deductions such as free goods, etc.
A: Sandy: A good time is when you think you are ready to pursue a career in the music business. Learn the "ropes" now from an experienced person you trust. Trust is how you pick the attorney to work with. Look for experience and someone willing to talk to you, albeit for a fee (sounds like psychiatry). Again, speak to as many attorneys as you can and pick someone based on experience and trust. The Music Business Registry publishes an Attorney Registry which lists all music business attorneys (including the services they provide), direct dial phone and fax numbers, e-mail addresses and website URLs as well as the Legal and Business Affairs personnel at all of the record labels, music publishers, film studios and television network music departments. You may want to check there to find an experienced music attorney in your area.
A: Hi, Nick: Were you a co-writer? If so, that is probably the more important question, as the income from the publishing is more likely to be available either through performance royalties or synchronization licenses. As to the master usage - you were probably un-recouped - and we would have to see the relevant provisions to render any further analysis.
Best Regards,
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Dear Ron,
I was just wondering how do most bands get record deals? And would sending in your music to a record label help you get discovered? Publishing Deal?
Hi I have heard of bands who gets advanced of 250k and on top of that they also signed 1 Million dollar Publishing Deal with EMI
Does that mean it will be the Songwriter of the band that will sign for that particular Publishing deal assuming there is only one songwriter? Please enlightened. Write commentYou must be logged in to post a comment. Please register if you do not have an account yet.
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