“Put Your Ear To The Speaker, It;s All Clean”
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News
What’s up with this new 360 Record Deal?
Word is the “record companies” are signing, but they have structured a new type of deal. They call it the 360, which means they collect off the full spectrum of an Artist career. What I hear is that they want royalties from merchandising, acting, TV commercials, endorsements, sponsorships, touring, sales, and more. The claim is that they have taken huge loses due to pirating; and since they are responsible for creating the “FAME”, they should get a piece of the pies.
That leaves you talented individuals with a dilemma; take the record deal and let the record company share in the wealth, or go independent, build a following, make some noise, and come back later when you have some negotiating power. Either way you decide, get some legal advice.
RS