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.
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.
How long does the contract go for? I've asked a few labels over the years, and a typical licensing agreement lasts, on average between 5 to 7 years. Of course, there are much shorter, and much longer contracts out there… do what's fair for both you and the artist.
The common standard term for a management contract is typically between one and five years, but this can vary depending on the specific needs and goals of the parties involved.
How long is a normal artist manager contract? The standard length of the management contract is three years but it can vary from 2 to 5 years on a case by case basis. Most contracts also include a "Sunset" clause.
The industry standard is 50/50 , our's is 70/30 – that's 70% to Artist and only 30% to Company but when the Contract ends you retain 100%.
Many artist management contracts have an initial term of 1-3 years with options to extend for further periods. That's basically the standard term these days, but it could be longer, or possibly even shorter in some situations.
Record contracts typically state their duration as a requirement for the artist to make an initial recording within a certain time frame (often one year), followed by successive one-year (or occasionally multi-year) options to extend the contract for up to seven total albums for a total of seven years.
This is what some independent labels will want to or subsidiaries at majors. it could be anywhere from a 50 50 split on your master to an 80 20 split in favor of the label, meaning that the label would get 80% and then the artist would get 20.