BmoreGorilla
Veteran
This might be your only opportunity tho. Sometimes you gotta take it. Like OP said your in a desperate situation. If it wasn’t for that I’d stick to my guns
If you were a new artist, with no money, would you sign this contract?
- Thread starter FreshAIG
- Start date
ISO
Pass me the rock nikka
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T'Challa Trillmonger
All Star
This, if its negotiable and its a 2-3 album deal, if you play your cards right you could end up with more leverage out the contract
only thing i wouldn't budge on (especially if you believe in your content over time) is my masters ... they may have rights to it during the contract, but after the fact it reverts back to the creator
No judgement from me for anyone who would take the deal. Opportunity knocks but once. However, just be smart about it, or have people around who are smart and have your best interests at heart.
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I say this respectfully, but an individual who is desperate is not going to ask any questions or think about negotiating.
This is why myself and another poster mentioned earlier that stay indie as long as possible so you as the artist have the knowledge and leverage to walk into a meeting with a label head, and negotiate favorable terms.
I say this respectfully, but an individual who is desperate is not going to ask any questions or think about negotiating.
This is why myself and another poster mentioned earlier that stay indie as long as possible so you as the artist have the knowledge and leverage to walk into a meeting with a label head, and negotiate favorable terms.
BmoreGorilla
Veteran
I think in a situation like this you would have to take that deal and gamble. You will have a machine behind you and the OP didn’t even mention the budget. They are literally paying you 250k just to sign. Yea six albums is a lot. And you can always renegotiate if you blow up. You might never have hits to the point where owning your own masters maters anyway
Nope. I'd sign with Koch where, like Cam said "THE $8 A RECORD IS GUARANTEED!"
As i’ve always been told. NEVER take the first deal. Always try to either negotiate or find better terms
Out of curiosity, what happens if the album is shelved or someone else comes along and the label focuses the attention on them. How are the label recouping that $250k?
@FreshAIG can you please do a scenario for a distribution deal?
BmoreGorilla
Veteran
I’d try to negotiate too but if they don’t budget and I’m desperate I’d have to sign
BmoreGorilla
Veteran
In the OP he said you don’t have to pay it back it’s all yours. Now if that 250k was your budget that’s the worst deal ever
In the OP he said you don’t have to pay it back it’s all yours. Now if that 250k was your budget that’s the worst deal ever
The artist might not have to physically pay the money back, but In my opinion they is nothing for free, and that signing money will be recouped by the label some how.
steadyrighteous
Veteran
I get the hypothetical, but...
If you have enough buzz to be worth 250,000 up front that you don't have to pay back from a major, then you
a. Probably are getting more than 2500 a show or are on the verge of it (and you'd know that) or,
b. Are in a position to either negotiate or get a deal that's in your better interests somewhere else
Again, I get the hypothetical situation, but there are some logic gaps that don't make it quite a believable scenario
I could be wrong. I probably am wrong. I'm not a Coli Entertainment Lawyer
If you have enough buzz to be worth 250,000 up front that you don't have to pay back from a major, then you
a. Probably are getting more than 2500 a show or are on the verge of it (and you'd know that) or,
b. Are in a position to either negotiate or get a deal that's in your better interests somewhere else
Again, I get the hypothetical situation, but there are some logic gaps that don't make it quite a believable scenario
I could be wrong. I probably am wrong. I'm not a Coli Entertainment Lawyer
