ManageMental Podcast with Blasko and Mike Mowery
About This Show
Two experienced artist managers and music industry professionals bring you their take on the modern day music business and how they mentally approach the profession of management. Join Blasko and Mike Mowery as they cover hot topics in the industry, answer fan questions, provide insight on sales numbers and showcase new music with a slant toward developing artists.
Most Recent Episode
Episode 24 – Record Deal Red Flags
2 days ago
“Record Deal Red Flags” by Byron Pascoe: http://www.musicthinktank.com/blog/10-record-deal-red-flags.html Mr. Pascoe is a Canadian Entertainment Lawyer with Edwards PC, Creative Law and can be reached at Byron.email@example.com This week Blasko and Mike tackle the warning signs that you may see in a record deal. That first record deal can seem very rewarding on the surface, but in reality it might just be a total nightmare. Entertainment attorney Byron Pascoe’s article “Record Deal Red Flags” is the basis for this week’s episode. Follow along as Blasko and Mike break down the following points from the article: Inconsistencies between what you are told and what’s in the contract It may be on purpose, or not, but just because the A&R gal at the label told you one thing, doesn’t mean the record deal you’re asked to sign is completely consistent. An obvious example is if you’re told you’re getting an advance of $5K, but the agreement doesn’t provide for an advance. Being asked to give more rights than are needed A record label doesn’t need publishing rights to distribute your music. As such, if you are being asked to provide publishing rights to the label, then you’re being asked to provide more rights than are needed to accomplish the label’s main function – distributing your music digitally and physically. Unless you’re being appropriately compensated for the publishing rights, and the label is the right fit to be both your distributor and your publisher, then the requirement to grant publishing rights to your label is likely excessive. Future sales advances Labels generally ask for the option to extend their rights. The label may promise you an upfront cash advance (against future sales) if they decide to extend their rights – which is referred to as exercising their option(s), but are you automatically entitled to get an advance? The label may have written the agreement in such a way that based on prior sales, they can access those additional rights by paying you a lower advance than the number in the agreement, or no advance at all.