MUIN 372x Lecture Notes - Lecture 19: Independent Contractor, 360 Deal, Lady Gaga
Document Summary
Should artist"s team take less of a % from artist for their services (e. g. manager, lawyer, etc)? (unlikely) Notice size/stature of artist here, with live nation. Diy (e. g. radiohead) is opposite of 360 deal. Label does all functions normally, as if it owned. But only for a negotiated x number of years. Label just is a conduit to their distributor for the artist (label may provide some marketing for a % of sales/fee) Artist/label might jointly own masters in this case. Negotiable (but follow the $) label doesn"t pay a royalty -- instead splits all actual costs & profit (does not split all revenue just profit!) Producers are ones fundamentally responsible for the outcome of the album/masters (making final product). Controlling the budget, hiring the musicians, engineers, booking the studio filing union paperwork, getting all clearances, etc. Old business model (through mid-60s, not as common today -- only sometimes with indies): producer was an employee of record co.
