What Is A Standard Contract For Indie Record Company?

What is a standard recording contract?

A recording contract (commonly called a record contract or record deal) is essentially a contract where the artist (or group) makes a record or series of records for the record label to sell and promote and in return, make royalty payments to the artist. A record contract could be exclusive or non-exclusive.

What percentage do indie labels take?

Independent labels spend about half that amount which is 10%. This number includes press kits, music videos, radio and TV promotions, public relations, etc. Again, paid by the artist’s advance but never recouped by the label if the artist doesn’t make any money.

What do indie labels offer?

Instead of getting nickeled-and-dimed by big labels who want their percent, an indie label can offer a more customized contract experience. For one, indie labels tend to give larger royalty percentages to their artists, and rarely do complete 360 music deals, which puts more money in your pocket.

What are record label contracts like?

Think of it like a loan. The label invests in your music and development, then you pay them back a set amount from your earnings. The label also agrees to pay you a set share of money from recording sales – known as the royalty rate.

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What is the biggest record deal?

In August 1996, R.E.M signed what was billed at the time as the largest recording contract ever. The five album deal with Warner Brothers Records was worth an estimated $80 million dollars. At the time R.E.M. was the biggest rock band on the planet having sold 30 million albums since forming in Athens, Georgia in 1980.

How do you get a recording contract?

Here are some common-sense tips to help you position yourself for getting a record deal.

  1. MAKE THE BEST ALBUM OR DEMO THAT YOU CAN.
  2. BUILD A FAN BASE AND BUILD MOMENTUM.
  3. CONSIDER A PUBLISHING DEAL FIRST.
  4. MAKE TONS OF CONNECTIONS.

Who is the biggest independent artist?

Top 10 Most Famous Independent Artists

  • Chance The Rapper. Chance The Rapper.
  • Hopsin. Hopsintv.
  • Macklemore. Macklemore LLC. 8.5M subscribers.
  • Tinashe. Tinashe. 1.82M subscribers.
  • Tech N9ne. Strange Music Inc. 2.36M subscribers.
  • Sevdaliza. Sevdaliza. 372K subscribers.
  • FKA Twigs. FKA twigs. 592K subscribers.
  • Frank Ocean. EG. 647 subscribers.

Is it better to be independent or signed?

Artists who want to retain the master rights, keep 100% of the profits, have complete creative control, and are music business savvy may consider going independent. Artists who want more freedom to work on music, don’t mind fewer profits, and want more exposure may consider signing with a record label.

Is Billie Eilish signed to a record label?

While major labels are global and operate their own publishing and distribution companies, indie labels work with other smaller companies, either in long-term partnerships or in smaller contractual relationships for their distribution and publishing needs.

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Are indie record labels better?

Indie labels and boutiques generally have the advantage here. They have smaller artist rosters, which means you will get more attention. It also makes it easier to develop personal relationships and work closely with the label’s team.

What do the major labels offer artists that independent labels Cannot?

There are certain advantages with a major label deal. A major has more financial resources than an independent, more support staff and leverage in the marketplace. On the other hand, some new artists may feel that a major label is not paying enough attention to them and offers less creative freedom than an independent.

Can you start a record label with no money?

As you can see, when it comes to starting a record label with no money, it all comes down to careful cost management. You will need some money behind you to really get going, but don’t write off your ability to do a lot of work in-house to save money.

How long do recording contracts last?

Typically, the initial length of a recording contract is one year. This one year term is generally followed by several option periods, where the record label is free to renew your contract for additional time periods if they like the work you’re producing.

What’s a good record deal?

Many small to mid-size labels offer a “net 50” deal, which means that after they’ve recouped their expenses, you and the record label split profits 50/50. For major label record deals, a typical artist royalty is in the 12-20% range.

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