In the ever-changing music industry, more and more side artists are signing deals with labels to boost their careers. With the rise of streaming music, independent artists need to be smart about the way they handle their careers. One of the most important aspects of any artist’s career is their agreement with a label or publisher. The agreement between an artist and a label or publisher will determine how the artist will be compensated for their work. This is where side artist agreements with royalties come in.
Understandably, there can be a lot of confusion surrounding side artist agreements with royalties. What does it mean to be a side artist? How does a side artist get paid? What kind of royalties will an artist receive? All of these questions and more will be answered in this article. We’ll walk you through the basics of side artist agreements with royalties, so you can make the most out of your career.
What is a Side Artist Agreement?
A side artist agreement is a contractual agreement between an artist and a label or publisher. It outlines the terms and conditions of the artist’s work and how they will be compensated. Side artist agreements with royalties are typically based on a percentage of the artist’s total sales or streams. The percentage is generally set at 50%, meaning that the artist will receive 50% of the revenue generated from their music.
It’s important to note that side artist agreements with royalties do not guarantee the artist will receive any money from their music. The agreement simply states that if their music generates any revenue, the artist will receive a percentage of that revenue. Additionally, the agreement will also determine when and how the artist will receive their payments.
What Are Royalties?
Royalties are payments made to artists for the use of their music. Royalties are typically paid out on a monthly or quarterly basis. The amount an artist receives in royalties depends on the agreement they have with their label or publisher. Some labels or publishers will pay out a flat rate, while others may pay out a percentage of the total sales or streams.
It’s important to note that royalties are only paid out when the artist’s music is sold or streamed. If an artist’s music is not generating any revenue, they will not receive royalties. Additionally, some labels or publishers may set a minimum amount that must be generated before royalties are paid out.
Sample Side Artist Agreement with Royalties
Below are three sample side artist agreements with royalties. It’s important to note that these agreements are only examples and should not be used as a substitute for a real agreement.
Sample Agreement #1: The artist will receive 50% of all revenue generated from their music. Royalties will be paid out on a monthly basis. Additionally, the artist will receive an advance payment of $1,000 upon signing the agreement.
Sample Agreement #2: The artist will receive 60% of all revenue generated from their music. Royalties will be paid out on a quarterly basis. Additionally, the artist will receive an advance payment of $2,000 upon signing the agreement.
Sample Agreement #3: The artist will receive 70% of all revenue generated from their music. Royalties will be paid out on a quarterly basis. Additionally, the artist will receive an advance payment of $3,000 upon signing the agreement.
Conclusion
Side artist agreements with royalties are an important part of any artist’s career. It is essential that artists understand the terms of their agreement and how they will be compensated for their work. By understanding the basics of side artist agreements with royalties, artists can ensure that they are making the most out of their career.