How Much is a Record Deal Contract Worth?
Everyone wants to know how much a record deal is worth once they start to get offers for their big single.
Even though a record deals worth is different for every musician and artist I am going to tell you how much the average deal is.
First things first, the amount a label will pay you is an advance – you can’t blow it, if you do, you must be confident that you will be able to keep your buzz alive so that you can continue sell records, perform at shows and sell merchandise.
A record label will only pay you if they think they can make more money off you and profit after paying you however much they want to pay you.
A record label will pay based on your past earnings, and future potential earnings.
If you have a huge viral single out and you know you can start getting paid for shows, a record label will offer you a year’s worth of your earnings for record sales, streaming, performances and whatever merchandise your selling.
Bobby Shmurda revealed he was offered over 1 million by epic records
They believe they can scale you
Independent labels will offer you around this amount and this is how much Yo Gotti offered one of his new artists.
So how much is a record deal worth if you have a hit single?
The answer is around $100- $250k from an independent label
And 1 million+ from a major label who sees your potential and think they can boost what you already have going and get you in front of a bigger audience.
NEED A RECORD DEAL? CONTACT US NOW TO SEE HOW OUR PROMO CAN HELP YOU GET ONE!: GET MORE INFO!