Areas Of The Music Industry
Record companies Record companies are the funding behind the music industry. They sign musicians and pay for, for example, recording, which helps an artist get a successful career in music. They make their money by selling the artist his records. There are several kinds of deals you can sign within a record company: - Artist Deal The label gives you an advance so you are able to finance recording, promotion and manufacture. But as this money is a loan it has to be paid back, whether you will make money out of this deal or not. As the artist you will get 20% of all the money you make. the 80% that belongs to the label is not the money for the loan. - Joint Venture Deal Here, the label only pays for making the record. As the artist you will get 50% of the money you make, but only after all the costs for making the record are covered. - Distribution Deal The artist and his team have to take care of, and pay for recording, promotion, marketin...