Ok, good. This week, major labels banded together to unveil a revolutionary new type of record deal: the 720 deal. It follows the same basic principles as the 360 deal, but with one groundbreaking twist: record labels are now also allowed to take a cut out of the incomes of family members of signed musicians.
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.
While it is not a requirement, it is generally recommended for an artist to have their own manager separate from their record label. The roles of a record label and an artist manager are distinct and serve different functions.
A common split of the profit is an equal 50/50 split between the label and artist, but a higher split may be agreed in favour of either party. The label will traditionally cover all or most costs upfront.
Record Labels are the providers for the artist. They help establish presence on social media, provide the studio sessions, the tours, the buses, the social media followers, etc. They help promote the artist's music so it can reach a larger audience.
HOW TO GET SIGNED TO A RECORD LABEL? Make the Best Album or Demo You Can. Build a Fanbase and Build Momentum. Consider a Publishing Deal First. Build Music Industry Connections. Improve Your Sound.
GETTING SIGNED TO A MAJOR LABEL We're talking between 20-100k followers. Many artists end up hiring social media management to get this done so they can stay focused on the music.
5 Ways To Submit Your Music To A Record Label Online Submission Platforms. Many record labels have an online submission form on their website where you can submit your music, bio, and contact information. Social Media. Networking. Music Promotion Services. Direct Contact.
Just cold email them and be honest, friendly, and professional. Say how much you like the label and tell them you are interested in releasing music with them. Along with your message, share a streaming link to your best demos.
Common Sections in Artist Management Agreements ARTIST MANAGEMENT AGREEMENT. BACKGROUND. Services Of The Manager. Rights And Authority Of The Manager. Term. Compensation. Accounting. Expenses.