3 ms·
I'm not familiar with the industry, but is 50/50 split considered good?
by shadowpwner 15y ago
I'm not familiar with the industry, but is 50/50 split considered good?
- pyre 15y agoIIRC, the major label deal goes like this: * Major label gives artist a loan for $X to cover the costs of producing the album. * Artists earn back something like 12% on album sales (though I believe 12% is on the high end). * That 12% goes directly towards paying back the loan for the production of the album. * Artists don't retain the copyrights to their works (at least the recordings, they may retain copyright to the lyrics, depending on the contract/studio). * Artists don't give a cut of merchandise sales, or ticket sales for live shows. * Artists retain the copyrights to recordings of live performances, which is how bands like Grateful Dead or Dave Matthews can allow 'bootleg' recordings of their live shows. * The studio retains rights to copyrights of live shows that are professionally recorded for the purposes of putting out a 'live' album though. * Most artists are never able to pay back the initial loan to create the album.
- smackfu 15y agoThe other side: * Major label advances an unknown artist a bunch of money. * Album sells poorly. * Artist never pays back advance. * Major label would have been better not making the deal.