Inspiring Women is supported by INgrooves Music Group , which provides distribution, marketing and rights management tools and services to content creators and owners. Wendy Day is renowned in the US hip-hop business for brokering some of the most pioneering artist-friendly record deals in history. In the mid-nineties, she secured two landmark agreements whose influence still reverberates today: In total, her clients have sold over a billion records — and they all owe her a debt of gratitude. She was waiting for her favourite band — British rock act The Psychedelic Furs — to take the stage. The Furs are the very same band, incidentally, that Sir Lucian Grainge signed to a publishing deal during his first job in the music industry at April Music.
- How Young Thug Got Trapped By A $15,000 Advance From A Major Label
- Rapper Didn't Beat the Rap, but He Gets a Record Deal
- An 18-Year-Old Tyga Might Have Signed the Worst Record Contract Ever
- 5 Reasons You Should Never Sign A Major Label Record Deal
- Bad Boy Records
- Five Truly Terrible Record Deals Compiled For Your Convenience
- An Indie Music Expert Explains Why Artists Are Turning Away From Record Deals
- The 10 Most Insane Music Industry Contracts
- Old Slaves: Entertainers Who Signed Bad Record Deals
- List of hip hop record labels
How Young Thug Got Trapped By A $15,000 Advance From A Major Label
For most musicians, scoring a major label record deal is at the top of their to-do list, and for good reason. Having one of the large labels working on behalf of your music can be your ticket to the big time. However, there are downsides to being on a major label roster. When you're trying to decide whether your ideal home is an indie or a major, keep the following major record label pros and cons in mind.
Even with major-label music sales declining and the industry as a whole struggling to keep up with changes in the way people purchase and listen to music, major labels still have a huge financial advantage over just about every indie label. When your label has a lot of money, that means they'll be able to spend a lot of money promoting your record - which is exactly what you want.
It also means they may be able to offer you a large advance and invest a lot in recording, touring, video shoots and other opportunities for you. Additionally, most major labels have been in the business for decades and have long established connections that help you reach your music career goals. Alas, size can matter when it comes to record labels.
Major labels are behind the vast majority of music sold, and this scale of operations can bring many advantages. First, they can get the best deals on manufacturing, advertising, and other expenses since they do business in such enormous bulk they have way more purchasing power than indie labels. Second, because of all of the artists on their roster, they can pull some pretty big strings in the media.
Here's a common scenario: A lot of major labels sign a lot of musicians and throw out a lot of music, just to see what will stick. As a new signing, except in very special circumstances, you're likely to find yourself fighting for attention. If your music doesn't start selling, then you can find yourself with a record out that isn't getting much promotion and a label whose representatives don't return your phone calls.
Staff turnover at major labels can be high and you may wake up one day to find out that the person who loved your music is no longer working at the label. The new person who takes over your album may not be such a big fan, and suddenly, no one is too interested in making your album a priority. You can include a "key man" clause in your contract to try to avoid this, but often the bargaining power is against you when you sign a major label deal, so scoring this set up is not guaranteed.
Music Careers Being a Musician. By Heather McDonald. Continue Reading.
Rapper Didn't Beat the Rap, but He Gets a Record Deal
When Tyga wasn't ducking and dodging questions about false rumors and fake news, though, he did address the fallout from his time with Cash Money Records and, holy shit, he might have signed the worst record contract in the history of record contracts. This is going to be the single. I didn't think twice. Getting lost in the proverbial sauce was Tyga's first mistake and not thinking twice was his second, but it was actually the third mistake, aided by Birdman and his sweaty palms, that transformed Tyga into an endangered cub. Just like it isn't a good idea for your manager to be the owner of your record label , it isn't a good idea to let your record label's lawyer broker your record contract. Who do you think they're going to look out for in this situation—the label or you?
But the heated convo came to a record-screeching halt once the topic of recording contracts came up.
The company agrees to provide financial and other support for the artist, including direct advances as well as support in marketing, promotion, touring and other areas. In turn, the artist agrees to give the company a percentage of an increased number of their revenue streams, often including sales of recorded music, live performances, publishing and more. This business arrangement is an alternative to the traditional recording contract. In a deal, a company typically provides support to an artist in more areas than covered by a traditional recording contract on the condition of receiving a percentage of revenue from these additional areas. During the first decade of the 21st century, revenues from recorded music fell dramatically and the profit margins traditionally associated with the record industry disappeared.
An 18-Year-Old Tyga Might Have Signed the Worst Record Contract Ever
As the saying goes, not all that glitters is gold — especially when it comes to contracts in the entertainment industry. This is how a group can sell 10 million records and be broke: They sign a slave contract that not only pays their management too large a cut of their money, but also requires that they foot the bill for every one of their expenses and retain little ownership of what they produce. But Ransom has denied doing anything wrong and even went so far as to countersue Soulja Boy for money still owed. After the formation of Ruthless Records the record label that managed N. A manager Jerry Heller, members of the iconic rap group immediately began voicing their displeasure with the management of their finances.
5 Reasons You Should Never Sign A Major Label Record Deal
Learn more now! These and many more success stories illustrate the fast-spreading knowledge that signing a major label record deal is not the fantastic thrill ride of success and admiration that it is reported to be. Well, currently, 4 of my close friends are being courted by major labels. I have spoken with two of the artists at the top of this article personally on several occasions. No, absolutely not. More than enough. The major label industry is dirty. The mechanisms of this record industry are exploitative and detrimental to creative people. Whatever ounce of passion and stardust pushes professionals into this career quickly vanishes, only to be replaced by distant cynicism. The major record labels are systemically out-of-touch.
Bad Boy Records
In the wake of such a high-profile, seemingly DIY success, more new artists these days are considering going the indie route: But then you see artists who are locked into a five-album deal, and this would be a deal made five years ago or more when the music industry was still at a low point. Those are usually the ones that are angry. There are not many artists signed 10 years ago who have much money now, because the deals were so bad. Artists are looking at independent companies and methods for ways to keep a lot more revenue.
Five Truly Terrible Record Deals Compiled For Your Convenience
Of course, this is not surprising news. What might surprise you, however, is not only the long track history of terrible record deals, but just how horrifying they can be. We thought it would be fun to explore some of the worst ones. Some of these cases might be familiar to you, others less so. While to some extent, the major label problems of Prince and Michael Jackson as well as more recent players like Lil Wayne are commonly known, other cases have faded into the stuff of legend—a particularly sad prospect when one considers how egregious some of these transactions truly were: Little Richard: With that move, the label owned both the sound recording and publishing side of his breakthrough hit, leaving the artist with a half a cent royalty rate per record. Unlocking The Truth: Chess Records now holds its rightful place in rock history, thanks largely to films such as Cadillac Records.
An Indie Music Expert Explains Why Artists Are Turning Away From Record Deals
For most musicians, scoring a major label record deal is at the top of their to-do list, and for good reason. Having one of the large labels working on behalf of your music can be your ticket to the big time. However, there are downsides to being on a major label roster. When you're trying to decide whether your ideal home is an indie or a major, keep the following major record label pros and cons in mind. Even with major-label music sales declining and the industry as a whole struggling to keep up with changes in the way people purchase and listen to music, major labels still have a huge financial advantage over just about every indie label. When your label has a lot of money, that means they'll be able to spend a lot of money promoting your record - which is exactly what you want. It also means they may be able to offer you a large advance and invest a lot in recording, touring, video shoots and other opportunities for you. Additionally, most major labels have been in the business for decades and have long established connections that help you reach your music career goals. Alas, size can matter when it comes to record labels.
One of its most popular artists was The Notorious B. Combs soon founded Bad Boy Records in
The 10 Most Insane Music Industry Contracts
Many artists aspire to be signed to their dream label, independent or major. Some still view this as the pinnacle of success in the music industry. Being signed has certain advantages, though most are unwilling to do a whole lot for you unless they see you as being a viable money-making opportunity. How much of an advance would they give you for your first project? Is there a certain amount of money you should try and get as an artist? What is an advance, and how should it be managed? Depending on the contract, you may be offered less or more. This is the main reason artists tend to seek representation. They would love to hand over the business side of music to focus on the creative side. But the reality is that an advance may not relieve their financial pressures, but rather add to it more on that later. Labels will consider a variety of factors to come up with an advance figure for you. For major labels, a good chunk of it is dependent on how much they intend to spend on marketing and promotion, as well as how much money they think they can recoup. Smaller, independent labels generally do not have the same cash flow major labels have. Getting an advance might feel like striking gold. But an advance is not a license to do whatever you want.
Old Slaves: Entertainers Who Signed Bad Record Deals
Every hip hop record label, since , sorted by their artists' chart performance on Billboard. Top track in Top Artists in In hip hop, so much can be explained by the rise and fall of record labels. Lil Wayne's ascent is the story of Cash Money. Death Row. We weight a label's tracks based on its chart rank 1 - 50 and weeks charted. The top ten list reads like a history of hip hop.
List of hip hop record labels
In return, the artist agrees to give the label a cut of all their revenue streams. Jeff Hanson: To make it even more relatable for rappers out there who are still trying to make sense of it all, J. Basically, deals mean the label gets a piece of everything. Back in the days, it was sacred that a label could not touch your show money. So traditional deals would be typically be an agreement with an artist and a label where the label would fund the music creation, promotion, distribution and take a cut of all music sales. A deal is a response to this: One of the figureheads of the record deal is none other than veteran music executive Lyor Cohen. While he usually gets a bad rap for being a strong advocate of the deal, when it comes to this rap game, there are few people with a deeper pedigree than Lyor Cohen. Over the next couple decades, Lyor will continue to rise steadily to the top of the music food chain, taking over Def Jam and ushering in a new generation of multiplatinum artists like DMX, Jay-Z, Ja Rule and more. Over the past few years Entertainment has grown to become one of the preeminent independent labels offering record deals to big name artists such as Fetty Wap, Young Thug, Migos and more. In defence of deals, Lyor explains: Steve Rifkind: I have no problem with taking a piece when I do something for an artist. If I get them a brand deal, a tour, [a] publishing deal, then I feel I deserve a piece.