The amount of the advance will in some ways depend of what your status as a songwriter is when you make the deal and who you have negotiating the deal. If you are an artist/songwriter who does not yet have a record deal the publisher might make the bet that you will get a record deal so they agree to give you an advance on signing the publishing deal. Keep in mind that advances in the publishing world are typically not recoupable the same way they are in a record deal.
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- Okay, now let's talk about the money.…When you make a publishing deal,…in most cases you're going to receive a cash advance.…So let's talk about those advances.…The amount of the advance that you're going to receive…will in some way depend on what your status…as a songwriter is when you make that deal.…And perhaps might have something to do…with who's negotiating that deal.…Now, if you're a songwriter who primarily writes…for other artists, those advances might be…in the range from 10 to 15 grand a year…up to 100 grand a year.…
If you're an established writer with a proven track record,…you'll be able to negotiate even higher advances…based on your past royalties.…These advances, when they are due,…are usually paid monthly, quarterly, or annually.…If you are an artist songwriter who does not…yet have a record deal, the publisher might make the bet…that you will get a record deal, so they will agree…to give you an advance on signing a publishing deal.…A publisher might make the bet that you will get…a record deal, so they will agree to give you an advance…
In this Insider's Guide to Today's Music Biz, Steve Rennie explains what you'll need to know about music publishing to turn your songs into money. He'll talk about copyrights and their value, and why music publishing is important to a successful artist's career.
He also talks about the main sources of publishing income: what they are, who pays, and how much you get. He explains the difference between performing rights organizations and music publishers and how to find and make publishing deals. Start with the first lesson, which explains how a dollar of publishing income is split between the songwriter and publisher.