Record agreement lengthĪ typical record deal with a major record company might be for one year plus four options, calling for five albums. Also, never agree to cross-collateralisation of advances against non-royalty income, such as PPL, or income from other contracts. Try to limit the number of remixes the company can commission without your approval or it’s possible that recording costs will spiral. You should try to get references to ‘other costs’ deleted from an agreement, or at least make them subject to joint agreement. The MU feels that only the cost of recording and personal advances should be offset against royalty income. If your royalty earnings are greater than the personal advances you have received and the recording costs you have incurred (in other words, you have ‘recouped’), then the statement should be accompanied by a payment. Most companies will render a statement of account to their artists twice yearly, within 60 or 90 days of the end of June and December. If a long-term contract is offered, the advance should be large enough to provide the members of the band with a reasonable living wage until any initial costs have been met and royalties are being received. They should always be non-returnable (and only recoupable from any future record royalties). Ensure these do not include any reductions.Īdvances are a financial sign of good faith from the record company. Pay particular attention to the royalty rates that apply to digital download sales and streaming revenue.Beware of ‘hidden’ deductions for packaging or new technologies.Try to ensure that you are entitled to receive 50% of any income paid to the record company by VPL (Video Performance Ltd).Get advice if a company insists on paying a half-rate royalty for ‘TV advertised’ product or compilations.Try to increase your rate of royalty with each new year of the recording contract.Try to secure higher royalties after reaching a certain sale figure.Getting paid Royalties from sound recording In most cases each member will remain individually signed to the label. You need to check whether they want you to record exclusively for them. Make sure you know what they want from you and remember they, not you, will own the recordings.Try to secure higher royalties after reaching a certain figure, or after the first year.Ideally you will be given a cash advance in lieu of future royalties. Make sure you know how and when you will be paid.When offered a recording contract with a label: A recording contract is a legal agreement that is most often made between a recording artist and a record label.
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