Music Business Contracts & Music Royalties Defined
recording contracts, both in terms of increased sales and option periods.
Step # 3, Advances: This is a matter of complex formula, the short form of WYCG that stands for Whatever You Can Get. For all those new artists, there is no thumb rule, at least for the very first recording contract. However, if this contract goes into alternatives, the negotiations can endeavor to express future advances that are based on the percentage of royalties that are paid earlier. Even, higher advances for all the albums on the theory that the contract must be successful one has to go on for a longer period. You must also consider there fact that these are advance against royalties however, you must be aware of the advances being phrased against any other sums under this contract or even between the two parties.
Step # 4, Cross-Collateralization: This