In the pursuit of fame and fortune, artists get taken advantage of every day in the so-called music industry.
Underneath the percentage splits between artist and label, tons of clauses further increase their leverage over artists.
Because of this, many artists end up getting into lifelong debt, all in the name of “making it”.
It’s artists wanting to “make it” in “the industry” that gets exploited.
If you’re going into a deal, you must get sage advice from people who are educated, truly objective and have your interests at heart.
Below are links to pieces that artists like you MUST understand before signing deals or approaching labels in general.
The below video dives deep into record contracts and the clauses that trap artists. I can’t recommend this video enough.
Below is an episode of the Joe Rogan Podcast where Steve Tyler (Aerosmith) discusses record contracts and streaming at length.
In another episode, Kanye West discusses how he loses money on music every year, $4 million.
As of the time of writing this article, the situation between Taylor Swift and Scooter Braun is ongoing.
Below is a timeline of events put together by Billboard, so worth flicking through.
So what do you do?
You have to understand that only you need you to be successful in this business.
I’ve said this before, and it doesn’t exactly make me any friends, but the music industry was never designed to make artists like you successful. It exists only to exploit.
So you must protect yourself.
The only way to do so is to educate yourself on how it all works.
Below are some resources to get you started.
I hope this helps.
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