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Junior Prom: What We Learned From Our Failed Record Deal [Video]

As Junior Prom had to learn the hard way, getting a record deal does not guarantee you a one-way ticket to success. Many musicians assume that having a label behind you means your team will handle all the work for you, but the reality is that you're going to have to work just as hard – if not harder – than before.

4 Red Flags That New Artists Should Negotiate Out of Their Recording Contracts

Image via The Virginmarys

Due to the ever-changing nature of the music industry, record labels have been making quite a few changes to figure out how to stay in business. As we all know by now, record sales have been diminishing, so labels have been “forced” to find additional ways to make (and take) more from artists in order to have a shot at making a profit.

The latest trend in recording contracts is the 360 deal, in which any income that an artist may earn while under contract – not just record sales – can be collected by the label. Anything but a 360 deal of some type for a new artist today is extremely rare, because the only somewhat reliable revenue components for artists today are touring and merch – and the label needs to get some piece of that just to cover costs and make the gamble safer.

5 Signs That You're Not Ready for a Label

Image via stayonbeat.com

In the digital age where music is more accessible to listeners and listeners are more accessible to musicians than ever before, the role of record labels is in question. Music has practically become free with the onslaught of online distribution and promotion, and labels have changed how they structure their deals. The "new deal" is much less artist friendly. With lower margins, the advances are much less, and the increasingly common 360 deal takes a percentage of all of the artists’ income (touring, merch, etc.). 

Features, Legal & Money, record deal

May 28, 2014 03:10 PM

Tom White

8 Questions to Ask Yourself Before Signing a Record Deal

 (image source)

Guest post by Tom White, panel and education director at A3C Hip Hop Festival.

As enticing as it may seem, a record deal may not be the best end game goal for every musician. While many artists view a record deal as the solution to their problems, it can actually open the door to a whole new set of problems if you’re not ready.