Nashville Entertainment Attorney- 360 Deals
by Noah McPike on March 5, 2010
in Nashville Law Firm, nashville attorney
Nashville Entertainment Attorney
360 Deals
Under the traditional record deal model, the record label, for the most part, earned and recouped monies from album sales. Over the past decade, however, many labels have sought to take on a more active role in developing the artist as a brand name. As a result, labels have been willing to pay/advance more to the artist for touring, promotion, publishing, merchandise, etc., and in return the label earns a financial interest in other (sometimes all) facets of the artist’s career. Some noteworthy 360 deals in recent years include EMI’s deal with Robbie Williams in which EMI paid Williams $160 million for an interest in his entire career, and the Jay-Z and Madonna deals with Live Nation, both of which paid out at over $120 million.
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