Splitting Profits From Music Sales
Hi Everyone,
A local musician has offered to hire me as his marketing intern in exchange for a percentage of his music sales. This sounds fantastic. I like to trust but verify; is there a way I can legally make sure that the profit from his music sales are split between us?
The simple answer is to sign a contract that explicitly states what percentage of revenue you’ll receive from different revenue streams (I.e. ticket sales, streams, etc.).
I would just keep in mind that royalties from platforms like Spotify and other streaming services is usually very low. Artists normally receive between $0.006 to $0.008 per play so getting a sliver of this will usually be a negligible amount of income.
Harvey,
While I agree that he needs to sign a contract, there are a lot of things that he needs to know about the artist before signing. Plus, the artist won't net anything close to that much for a single play. Distribution is done on a CPM basis (ex. Spotify pays its artists with a strong US footprint on average $3 CPM. So they make $3 per 1000 streams.) You do the math from there. This may be a good deal for the OP or it may not. There's a whole lot of questions that I have that need to be answered as well, as that can be used to determine what the value received might be.
shafi1248 shoot me a PM and we can discuss this further. I have some pretty good insight into this and wanted to off-line the conversation because I have a few questions that are better asked in private for you.
Praesentium ut aut adipisci architecto minima velit ut. Blanditiis odit aspernatur impedit perspiciatis assumenda non eos. Quam mollitia laudantium maxime ducimus in porro qui occaecati.
Dignissimos quo voluptates voluptatibus qui quibusdam voluptatem iusto voluptatibus. Laudantium itaque ducimus esse quibusdam beatae et.
Libero debitis placeat delectus harum sed dolor ut est. Maxime est tempora illum atque. Fugiat iusto blanditiis magnam qui voluptas magni neque provident.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...