Music Industry Contract
Hi. I’m a small music artist po sa atin and a known music label reached out to me wanting to sign me daw sa label nila. I just want to ask especially sa mga may experience siguro sa industry na ito if you know anyone na may ganitong terms:
Management: 5 years, potentially 20; they take 40% of my professional income.
Recording ( I believe this is for streams/royalties): 5 years, potentially 20; I get 5% of Net Sales.
Publishing: They get exclusive rights to my songs, with the agreement saying those rights last for the life of the copyright; revenue is 50/50.
May friend po ako na nireview yung contracts and sabi po niya most probably maliit talaga shares sa royalties kasi nagsisimula pa lang ako pero magpakabait lang daw ako kasi possible naman yan na mabago after a while pero I want to know lang sana if meron po dito may experience sa music industry and kung standard po ba ito kasi wala po talaga akong idea.
Thank you!