65. "RE: Damn sounds like a very bad deal:" In response to In response to 35
This is better than a normal major-label contract... lol
In her BEST case scenario, we are talking about a 50/50 deal and (a pie in the sky scenario) shared costs on recording, production etc..
Most companies cut you an advance check. With that check, you are responsible for delivering that album, videos, artwork to the label as a final product. With your % you must recoup the advance + marketing and any additional costs the label incurred before you begin to make any money.
The trick was that while the label was spending to blow you up you would make immediate money on the road, sponsorships, etc... then labels smartened up and said.. oh we are creating stars with all these revenue streams and not benefiting from them... then came the 360 deal.
What I think is happening is Big Bank Take Little Bank. Roc Nation wants more bread and probably wants to get out having to deal with a 3rd partner. So they can use the guise of "bad contracts" and goodwill to break the contract and get rid of the little guys.
Double 0 DJ/Producer/Artist Producer in Kidz In The Hall ------------------------------------------- twitter: @godouble0 IG: @godouble0 www.thinklikearapper.com