Is a 360 deal good?
Thereof, how does a 360 deal work?
In the music industry, a 360 deal (from 360° deal) is a business relationship between an artist and a music industry company. In turn, the artist agrees to give the company a percentage of an increased number of their revenue streams, often including sales of recorded music, live performances, publishing and more.
Also Know, what is a 180 record deal? A “270°” or a “180°” multiple-rights deal may only cover two or three streams of an artist's income, such as the label solely receiving a percentage from the musician's record sales and publishing monies (180°) or a percentage from the artist's record sales, publishing and touring incomes (270°).
People also ask, who is signed to a 360 deal?
A 360 deal enables a label to share in the revenue an artist generates from all sources, not just from the sale of records. That means when Madonna or Jay-Z ( thats right, they are both in a 360 deal with LiveNation) sell out an arena or perfume at Target, Macy's or Nordstrom money is going to the label.
How much does a record label pay an artist?
Labels that buy less than 10,000 CDs per year pay approximately $1.20 per CD. Record labels pay two royalties: one to artists, and another to composers & publishers. Artists can receive 10% – 15% of suggested album retail minus packaging costs. Composers and publishers receive 30% or more.