Garner, South Carolina (PressExposure) April 25, 2008 -- Know How to Be Successful with Recording Contracts?
They say that "there is a star born every minute" but with all these up and coming stars how many actually succeed? For every great star that emerges there are many falling stars that strew the pathway to success. With so much talent available how is it that the odds are so great. True, music and entertainment are competitive, but there is really another underlying factor to be considered.
That factor is signing recording contracts! This is where many entertainment artists and musicians fall down. They simply are not aware of the ins and outs of a recording contract. When a musician or songwriter goes into a contract blind they generally end up with the short end of the stick. Why? Because recording companies are out to get as much as they can. After all business is business as far as they are concerned, and in order to be successful they cannot afford to feel sorry for their prospective clients.
When an artist allows the recording company to get the upper hand they will rarely make much, if any money. They can end up doing a lot of work for very little profit. Sadly this can lead to failure in their careers. So how can an artist avoid being taken for a ride when they sign recording contracts?
Understand what your options are when it comes to:
1. Terms 2. Royalties 3. Copyrights 4. Licensing 5. Options-how many songs you will produce within the time limit of the recording contract.
Be careful to read the fine print. This is where the recording companies can catch you. Skimming through a contract can cost you 100's of dollars and even your career. Not reading a recording contract's details is an easy way for the company to take you for a ride. Remember once the contract is signed there is no way out!
The best way to ensure success and prevent the companies from doing this is to hire a good entertainment lawyer. They are familiar with all the tricks of the trade and will be able to walk you through the process of signing a recording contract.
So stop, think, and read the recording contract before you sign on that dotted line. Do not allow the companies to take you for a ride. Instead ride your own wave of success with a lucrative recording contract.