The Recording Industry After Hearing A Record Executive

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The days of celebration after hearing a record executive say “I want to sign you to my label” are over. Back then major labels were the only ones with the connections to get one’s music video on MTV, get the music sounding professional, get songs on the radio, and many other things to build a fanbase. Now today, artists tend to battle with the thought of signing to a major label for an advance to put food on the table immediately, or to do everything a label could do for them on their own. In a new type of record deal, the 360 Deal, the hassle of investing millions of dollars into a musician’s career to get a mediocre return in today’s music business has a possibility of being decreased. Upcoming artists should have the knowledge behind…show more content…
“In lawyer terms, it may be viewed as something equivalent to 20 percent of your gross salary and/or income as a lawyer or law partner, from whatever source until the day you retire," (Pierson). As the simplified role of a transactional lawyer is to keep both parties happy, making the 360 Deal contract non negotiable not only removes the right of the transactional lawyer to keep themselves, the label, and the artist happy, but in my eyes it also removes the right of the artist to keep the record label out of the profits made through music publishing, merchandising, endorsements, and touring. From having a career of working closely with musicians in their creative process I came to a general understanding that making music is a tiring profession. Some artists spend up to 24 hours in a recording studio to create music that fans could only hear for three or four minutes. With the thought that music is their main source of income to put food on the table, musicians are sacrificing their time, energy, and money to get paychecks from the record label they are signed to. Through a close look at how the music industry
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