Launching a new music career is both challenging and exciting, especially if your talent catches the eye of a record label. One of the most common music label contracts is called the “360 Deal”. This document states that the artist agrees that as compensation for the financing and promotional influence of the record label, the label is able to share in all the revenue streams the artist develops. This includes: record sales, ringtone sales, live performance, product endorsements, merchandise, composer revenue and movie revenues.
Before signing the 360 Deal, research the record label to determine if they will be able to provide you with the necessary tools and resources to be successful in your music career. One aspect to consider researching is whether the record label has money to invest in you.
When you sign a 360 Deal, you offer a percentage of your income from all of your revenue streams. This is in good faith that the record label will take your career to the next level. In order to determine whether your record label can do that is if they can fund the following:
If your record label can invest in these aspects, then they can invest in you and the success of your music career.
Finding the right music company can be incredibly challenging. Funding and resources can drastically differ between labels, so conducting your own research is vital to signing with a company that will boost, not hinder, your music career. An entertainment lawyer in Miami can assist you in analyzing potential contracts and help you acquire the best possible deal for your music career. Chase Lawyers is a boutique entertainment law firm that advises and represents clients in legal matters related to music, sports, television/film, visual and literary works, modeling, online matters and intellectual property. If you are planning a music career and have questions about record label companies, contact our Miami entertainment lawyers today to ensure your path to stardom is a smooth one!
The entertainment industry can be a complicated field to navigate. As a trusted leader in Miami entertainment law, ChaseLawyers can help. With over 40 years of experience, Our Miami based lawyers have helped individuals in nearly every area of entertainment law in Miami, including sports, music, film, television, modeling, literature, and more. We understand the unique challenges you face as a creative, and we’re prepared to protect your interests.
As an artist in Miami, you must navigate the intricacies of copyright law, trademarks, contractual agreements, and much more. It is critical you choose a qualified Miami entertainment lawyer with expertise in the nuances of the entertainment world. ChaseLawyers has built a stellar reputation among our clientele for honest, professional representation that produces effective results. We have extensive experience in the unique legal elements you must navigate as an artist, and our attorneys can provide you with indispensable career advice and expertise over the course of your entertainment career.
When you work with ChaseLawyers, you are more than just a client. We care about your well-being and can provide essential advice on the issues you face in the Miami market, such as intellectual property issues, negotiating service agreements, publicity rights, and much more. We also have an extensive network of resources available for our clients to connect with, and those connections can enrich your career in countless ways. Our team understands the complex world of entertainment law and will take care of your legal needs so you can focus on doing what you do best—sharing your talent with the world!
When you’re ready to take the next step in your career, our Miami entertainment lawyers are ready to help you. We are passionate about helping creatives with all of their legal needs, and you won’t find a team more dedicated to your success in all of Miami. Contact us today to schedule your free consultation!