In this episode of the Music Business Newsletter with Matthew Rix, I respond to an email from an artist. He is the lead singer of a band that has been grinding it out for 17 years without a record deal until now.
After nearly two decades of shows, albums, and DIY hustle, a label finally reached out with a contract… but there’s a catch. Actually, there are a few.
Here’s what the label is offering:
Take full ownership of their entire back catalog
50/50 split on both album sales and publishing
Minimal funding for marketing and publicity
The band pays for their own studio time, and the label still takes 50%
“Industry protection” (No clue what that means)
He is excited and ready to sign but his bass player says it’s a bad deal. So in this episode, I break down the offer, explain what each clause really means, and talk about when a record deal is worth it (and when to walk away).If you’ve ever dreamed about getting signed, this one’s a must watch before you put your name on any contract.Got a question about the music industry or a deal you want me to review?
Head over to MatthewRix.com and send in your question might be featured in a future Music Business newsletter.
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