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A recording contract (commonly called a record contract or record deal) is a legal agreement between a record label and a recording act (artist or group), where the act makes an audio recording (or series of recordings) for the label to sell and promote.
It is often used in recording industry contracts as a basic figure for defining royalty shares. [1] [2] Compare Suggested Retail List Price (SRLP).
Clockwise from top left: Janet Jackson, Michael Jackson, Whitney Houston and Madonna.Four of the artists who have had the largest recording contracts up to one point. [a]The following is a list of the largest music deals in history signed by artists, including recording contracts and multi-rights agreements with over $50 million, as well catalog acquisitions with a reported sum of over $150 ...
'Typical royalties' are historically applied royalty rates. To understand the concept of 'typical royalties' one must infer that the term 'royalty' originally applied to the 'share of the proceeds' that the Crown demanded of its subjects for any exploitation of the assets owned by the Crown, for instance, mines, shipping lanes, geographic territories and the like.
For recoupment in terms of U.S. tax law, see equitable recoupment.. Recoupment, in the music industry, is when a record label pays for a musical artist's expenses, such as for recording and marketing, and later deducts an equal amount from the artist's royalties, [1] which are between 15 and 20 percent of sales revenue. [2]
A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation.
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for performer's performances created on or after 1962 but before 2015, 50 years after the performance occurs, but (a) if the performance is fixed in a sound recording, 50 years after its fixation, and (b) if a sound recording in which the performance is fixed is published before the copyright expires, the earlier of 50 years after publication ...