If you were a new artist, with no money, would you sign this contract?
- Thread starter FreshAIG
- Start date
Depends on your crowd. If you have only kids listening why waste money when all your tracks are going to blast through some 15$ dollars headphones?
Grown folks with cars and speakers in their house now...that's another story.
You Win Perfect
bow down
/thread
Marlo Barksdale
Really out chea
Atlantic of all people is not letting anybody drop that many albums in such a short span. No major label is. They have to approve each release and they're gonna want each release to breathe.
True, but you also have to have leverage and sign a deal that isn't horrible like this one.
I'd advise them to stay indepent and keep building leverage instead of signing the first deal offered. The money is in being a complete personality anyway. Focus on getting a good team around you.
Think about it: that $250k BEFORE TAXES AND FEEs has to last you roughly 5 years if they shelve you. That's less than $50k per year. You can make that with a decent job.
Chase the dream, not the money. Don't let somebody buy you.
SpacelySprockets
Veteran
depends on the platform I have before signing, an unknown nikka with no buzz and hardly any fans should take this and use that 250k they dont have to pay back into resources to build their brand(and invest it into other avenues so that they can make money beyond just music if it doesnt work out)
if im a buzzing artist with a core fanbase and a platform of my own we are definitely renegotiating terms(much larger advance that I don't have to pay back, less albums owed, less of a percentage off of my stuff, I get a large percentage of masters if not all of it
)
if im a buzzing artist with a core fanbase and a platform of my own we are definitely renegotiating terms(much larger advance that I don't have to pay back, less albums owed, less of a percentage off of my stuff, I get a large percentage of masters if not all of it
)
It depends on your circumstance. Some people can flip the 250,000 and say fukk a music carerr invest and stocks.. some people it's a bad deal and they will be around forever so that's a bad deal for those.. that deal is good / bad depending on how you look at it.
nikka, if I'm making 2500 a show and I can do more than 100 shows that year then fukk that contract.
lol.. dawg. any artist who only commands only 2500 per show aint in demand like that. You lucky if you big enough to get 10 shows at that level
Trot LaRoc
Superstar
depends on the platform I have before signing, an unknown nikka with no buzz and hardly any fans should take this and use that 250k they dont have to pay back into resources to build their brand(and invest it into other avenues so that they can make money beyond just music if it doesnt work out)
if im a buzzing artist with a core fanbase and a platform of my own we are definitely renegotiating terms(much larger advance that I don't have to pay back, less albums owed, less of a percentage off of my stuff, I get a large percentage of masters if not all of it
Why do ppl assume the label will let you renegotiate? Or that you can just drop albums whenever
Labels have to approve releases and they are aware if you just tryna drop some bs quick.just to get out of the album requirement quicker
Plenty of artists have sat on the shelf for years tryna renegotiate
Hell no!
The deal in the OP is a bad deal and a set up for financially slavery for majority of artists.
Yes, a major artist could work themselves out of this deal--of course.
But, on average, labels go like 50 artists signing this deal, flop, and never have a real demand for shows, merch, brand deals, etc.
I'd be worried I make a genre defining all time record and still have to tour in Europe at 57 years old because I don't own shyt.
a third of a mill ain't shyt when you have to maintain a lifestyle
Imagine only eating off shows, merch during Covid.
For example Designer would be fukked if he signed this.
keepitrealprk
All Star
it's a bad deal all around and would only be beneficial for an artist who sets a hard deadline on their own career.
a lot of talk about getting so much a show.
reality check, there are no shows and who knows when the live music biz will recover.
live nation just posted a 98% loss. nobody is eating off shows now, even the online/virtual stuff might barely keep the lights on.
a lot of talk about getting so much a show.
reality check, there are no shows and who knows when the live music biz will recover.
live nation just posted a 98% loss. nobody is eating off shows now, even the online/virtual stuff might barely keep the lights on.
The thread below is very relevant to the subject matter in this thread. The fact that DMX was able to accumulate such a debt to the label is alarming and a cautionary tale that nobody listens to.
https://www.thecoli.com/threads/jay...er-debt-clean-before-they-left-defjam.798213/
https://www.thecoli.com/threads/jay...er-debt-clean-before-they-left-defjam.798213/
The only reason I wouldn't sign is because of Atlantic. You are forced into their hit factory idea of making music. You'll be paired with all these other different artist and writers, recording the same reference demos to see which one works. That shyt is wack, but it's the music business.
On Atlantic if your first joint flops you'll be locked in their jail forever. But the money is life changing, I would do it. But look at their history of hip-hop failures over there.
On Atlantic if your first joint flops you'll be locked in their jail forever. But the money is life changing, I would do it. But look at their history of hip-hop failures over there.
