360 Record Deal Contract Sample
360 deals have attracted criticism from various quarters. For example a typical 360 deal entitles the label to receive a set percentage from four of the artists revenues streams.
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Company is hereby engaged to provide various services within the furtherance of Artists career in the music industry as set forth in this Agreement.
360 record deal contract sample. Back in the good ol days of the music business meaning before the year 2000 record companies had one jobto make and sell records. For example the artist or band might be unable to complete the recordings within the agreed term or the company might fail to. Facebook Twitter Google What is a 360 record deal.
The 360 Agreement With Management is a contract used by an independent record company to enter into a contractual agreement with an individual group or band for their exclusive services in the areas of recording music publishing merchandise live performance and personal management. Conveniently Edit Send via Email Print or Download. The contract just says the label has the option to do so.
360 deal doesnt REQUIRE the label to record and distribute five albums. They have also been made between artists and promoters as with Live Nations 2007 deal with Madonna and 2008 deal with Jay-Z. Nowadays its crucial for anyone involved in the music industry to understand 360 deals and how they work.
As with most contracts a record deal can be broken if either party fails to uphold the obligations and responsibilities agreed upon in the contract. Basically the 360 deal also called the 360 degree deal is an exclusive recording contract between a record company and an artist in which in. In accordance with the rights granted by Artist to Company herein Company intends to contract with a record.
This enabled me to write about REAL contracts. First a little bit of history. Music Recording Agreements arent very.
In these agreements the artist can be either a single person or a group and the company is usually an organized entity. Deal contract for an indie label and the good folks at Warner Bros Records for leaking me a major label contract for an artist s 360 Deal. Any such contract entered into between Company and any such record distribution company shall be subject to the terms of this Agreement.
These would include a portion of the artists record sales touring and personal appearance income as well as publishing income and the merchandise revenues. Simply put a 360 deal is a business relationship between an artist and a music industry company. It doesnt have to be between record label and artist as seen in the 2007 360 deal signed between Madonna and promoter Live Nation Jay-Z signed a similar deal in 2008.
View All Music Contract Templates. In this contract the label receives 100 of the publishers share while the artistwriter receives 100 of the. Respective Option under this Agreement if Company fails to release an Album in the preceding Contract Period as set forth pursuant to the terms in paragraph 10.
360 deals have been made by traditional record companies as in Robbie Williamss pioneering deal with EMI in 2002. If theyre unhappy with Album 1 or even if they never get around to recording Album 1 they never have to record Album 2 and they dont have to release you for the length of the deal. Quickly Create Legal Music Contracts to Facilitate Valid Agreements for Musicians their Clients Managers as well as Record Labels.
A Music Recording Agreement is a specific type of Service Agreement whereby one entity the company or record label contracts to produce musical recordings such as on a complete album for another entity the artist. In the terms of a 360 deal also known as a Multiple Rights Deal the music industry company provides financial support to. But of course before the Internet became such a pervasive.
12 Music Contract.
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