🚨🚨🚨Distribution deal from hallwood- yay or nay????
Ok yall strap in.
About 3 weeks ago I decided to start working on music for a debut album and promoted a few songs on tiktok with tt promote to see what happened, and one of Hallwood’s A&Rs contacted me.
Its so important to note that before we got in contact i only had about 650 followers on tiktok, was getting around 60-70 likes per song without using promote, i have no music out yet, limited production experience and my skillset mainly consisted of writing music in my bedroom.
After talking with the A&R and sending in a few demos, they reached back out with a contract (crazy to me still). here are the deets:
Distribution agreement contract
60/40 royalties split
50/50 synch commission (20/80 if in connection with placement procured by myself)
$10,000 advance for marketing
7 year post-term license until full reimbursement for advance
i keep my masters (yay!)
required to deliver a 12 song lp album (which isnt too bad as most of its already written)
First negotiation and matching rights
So what do we think????? this is BEYOND new to me but I am ready to take my music career to the next step and really dive in.
Please let me knowwwww!!