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How The Music Contract Has Changed
How The Music Contract Has Changed
Well when Madonna decides to move from Warner and sign a new music contract with Live Nation you know things are a changing. As an article at www.thisislondon.co.uk suggests, “Madonna has sounded the death knell for the traditional music contract”. Bear in mind that she has been one of Warner’s biggest selling artists over the last 20 years. What seems to be happening now, is that rather than music contracts just being drawn up to receive revenues from album sales, they are also dipping into other revenue streams such as live performance and merchandising. Kind of sounds like the package holiday of the music industry to me.
Anyway, in theory, it gives more choice and control to the artist in relation to which kind of company they sign with. For example, Live Nation deal with live performance where as traditionally Warner are concerned with album sales. So now both artist and company (I hesitate to use the outdated term record company) can discuss between them what aspects of the artists income streams can be considered for negotiation in a music contract. I mean, did you ever seriously think you would get an album by Prince with your Sunday newspaper, or download Radioheads album for free and decide what if any charitable donation you would like to pay towards their musical cause? Who knows what will turn up next in your cornflake packet. All joking aside, these are very interesting times ahead for all musicians trying to make a dollar out of their work. Maybe there will be all sorts of music contracts on offer in the future, tailored more towards specific artists musical niche. You probably think I am barmy. I say, “Watch your cornflake packet carefully”.
Check out the article Madonna Lands £60m Luxury Recording Contract http://www.thisislondon.co.uk/showbiz/article-23416256-details/I+just+like+a+payeer:+Madonna+lands+%A360m+luxury+recording+cont/article.do
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