The Management Agreement should ideally run for no more than three years (and certainly for no more than five years) and there should be various mechanisms by which the Artist can terminate the agreement if the Manager does not achieve various goals.
As a general rule, managers take a percentage of all income generated by the artist in exchange for their management services. Commission rates typically range from 15-25% of the artist's gross income from: Recording royalties: Sales, streaming and licensing of recorded music.
The Management Agreement should ideally run for no more than three years (and certainly for no more than five years) and there should be various mechanisms by which the Artist can terminate the agreement if the Manager does not achieve various goals.
Typically, a music management contract will call for a 15 to 20% cut of your earnings. In addition to this cut, your manager will also receive compensation for expenses related to managing your career. Compensation can include costs related to travel or dining when they're working on advancing your career.
They make transportation and lodging arrangements; communicate in advance with concert producers and venue management to coordinate load-in, sound check, and set times; convey the band's hospitality needs (backstage catering and dressing room setup); see to it that musicians and crew get to their next stop safely and ...
Comments Section Networking: Attend industry events, music conferences, and shows to meet people in the industry. Research: Look for managers who work with artists in your genre and have a track record of success. Referrals: Ask fellow musicians and industry contacts for recommendations.
The common average rate we've observed is around 15%, but it can differ depending on the scope and specific needs of an artist. The scale of some careers, for example, requires a business manager and a "normal" manager to collaborate, separating the business side from the career strategy.
Music Management Contracts Explained Most managers receive a percentage of the artist's gross income, typically between 15-30 percent. Before signing a management contract, artists should thoroughly review the terms and consider seeking legal advice.
Manager Commission: The most common way music managers are compensated is through a commission, typically ranging from 15% to 20% of the artist's earnings. This percentage can vary based on the manager's experience, reputation, and the services they provide.