Once your A&R rep has identified an act to sign, you’ll need to make a deal. So you’ll hire a lawyer to represent you and the label will have a staff of folks to represent the label. This is the in house legal team for the label and make no mistake about whose side they are on. They are the ones who negotiate the deal points of your contract for the record company. In most cases, you’ll rarely meet the business affairs team. Your attorney will be their main point of contact. And it’s a good thing because you probably would not like them because most of the time they are saying NO!
- Once your A and R exec has identified an act to sign,…you'll need to make a deal.…So you'll hire your lawyer to represent you,…and the label will have a staff of folks…to represent the label.…Let's meet the business affairs team.…This is the in-house legal team for the label.…And make no mistake about it whose side they are on.…They're the ones who negotiate the deal points…of your contract for the record company.…In most cases, you'll rarely meet the business affairs team.…Your attorney will be their main point of contact.…
And I'll say this, it's a good thing,…because you probably would not like them…because most of the time they're saying no.…
In this installment of An Insider's Guide to Today's Music Biz, Steve Rennie explores the role of record labels in the music business. He starts by talking about the different types of record labels and what they do, from marketing to manufacturing and radio promotion. Then you'll learn about why you need a record label, how to get a record deal, what a music contract will look like, and how the signing process works. As a little bonus, Steve gives you some insights on your commitments and compensation (advances and royalties) once you get signed.
- Understanding how record labels run
- Finding a record label
- Meeting with A&R and business teams at a record label
- How record labels promote your music
- Negotiating a record deal
- How record labels recoup costs