As practice shows, musicians who dream of a record contract with a label are completely unaware of what these ominous 80-100-page agreements with record companies are. A cooperation agreement with a record label is a legal agreement between an artist (or a band) and a corporation (record company).
Music production and its further sale is the basis of show business industry. First of all, any record company calculates how much money it will be possible to earn on this or that musical project. Labels constantly compete for attracting new consumers, who are actually fans of bands and performers. After making a record deal with a certain artist, the company automatically expands its sales market with the help of current and future fans of this artist. For a record company, any artist is just a means of earning money by selling a music product to the fans.
If you have decided to make a record deal, you have to be aware of all pros and cons, concerning label deals. I am going to start with positive sides. (more…)