(ARTISTS' MUST READ) ) 💲📝 🎵 : TOP TEN TYPES OF RECORD DEALS EVERY MUSICIAN MUST KNOW 📀.

Every musician or artist out there dream of hitting the jack pot by getting a record deal or simply being signed by a record label. But what many do not seem to realize or understand is that, they do exists many types of record deals that are on the market and some more better than others.
So, we did of research of the different types of records deals that exist in the music industry market and brought you these count down of top ten of them.

1. Standard Record Deal:

Unlike the name suggests, this is not the standard for the current day and age. The SRD focuses largely on albums and options and is an offer that was more suited to the physical age instead of the digital one. So, you can notice here the influence of the digital era in the music industry s per back then.

2. 360 Deal:

In the (360 Deal), the label will take a percentage of all forms of income from the artist – touring, merch, fan club etc, on the thought that if they break an artist they deserve this cut.

3. Single Deal Recording Contract:

This one is quickly becoming the new norm in Europe, the SD is based purely on singles instead of full albums.

4. Profit Split Record Deal:

In this case of record deal, if you have a full project that hasn’t been released you can approach labels with a Profit Split deal whereby they will invest in the marketing of the deal.

5. Anti-360 Deals:

Artists are able to keep more artistic control and musical leverage without losing the funding they deserve.

6. Artist Deals:

This is the 360 concept but between artists, so the up and coming artist will reap the benefits of the more established and famous counterpart. The most famous is perhaps One Direction’s ownership of 5 Seconds of Summer which did both bands very well.

7. Licensing Deal:

This largely applies to artists that already have a large portfolio and sales under their belt as it prevents the label they’re signing to having copyright or control over earlier releases. Particularly good if you have a lot of music and are being offered a 360 deal.

8. EP Deal:

Here in, the band and label will produce an EP together and the label will provide the best strategy for marketing however there will be no public announcement that the pair are working together. It allow labels to test the waters before signing a band full time.

9. Major Label Deal:

The label will pay for everything – recording, touring, press, distribution… everything! You’ll get a large advance but the label will expect to recoup this and your royalty rate will be pretty low. Also, the label will more than likely retain rights to the music even after you part ways.

10. Distribution Deal:

The label will pay for everything to do with press and distribution but everything else will fall on the heads of the artist themselves. This is most commonly used when an artist has generated a lot of hype that the label want to jump on board with.

So, before signing with any label make sure you have read the terms very carefully and are happy they can offer you more before you sign.

In addition, its important to note that these top ten types of record deals is already well used in the US, Europe Asia, some countries in Africa and in shot, mostly developed countries. But talking about Africa and the form of contracts being signed by record labels and the artists is another great topic that needs enough research as more and more artists, after signing record deals will sometimes come out to complain.  giving the he African music fans the impression that things are not properly managed. Well, in some African countries, its getting more professional and organized while others are still picking as the music industry evolves.

(Source http://www.omarimc.com With additional write ups from https://niivannaa.blogspot.com)