From the course: Music Law: Recording, Management, Rights, and Performance Contracts
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Record shopping
From the course: Music Law: Recording, Management, Rights, and Performance Contracts
Record shopping
- A shopping agreement is a form of matchmaking, in which someone acts as an artist's representative and solicits or shops the artist's recordings to a music label. A shopper is an industry insider, such as a producer, an attorney, or an independent promotion person who is paid a percentage of the artist's income from any resulting deal. These payments to the shopper may continue for the life of the deal, or for a limited period of time, depending on the arrangement. Shoppers traditionally receive up to ten percent of the record deal. Sometimes a musician can make deductions before the percentage is calculated. For example, if the label is advancing 50,000 dollars to the band to make a video, the band should try to exclude such payments from the shopper's income. In this way, deductions and commissions apply to shoppers in the same way as to managers. For more on this subject, check out the video on "Management Contract Deductions". By the way, there is usually no need for a shopping…
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