Collaboration Deals vs. Record Deals
As far as the music industry is concerned, artists, producers and other music creatives are subject to different types of agreements and deals. However, these deals may either come off as detrimental or instrumental, which is why it is not just enough to be a creative, but it is also essential for you to possess a deep understanding of the intricacies governing these different types of deals as they concern the music industry. To this effect, this paper seeks to explore the differences between collaboration deals and record deals as they’re both fundamental to creatives in the music industry.
- Collaboration Deals: Think of collaboration deals as agreements involving two or more parties working together on a specific project or song. But here’s the icing on the cake, collaboration deals allow you (as an artist or producer) to retain ownership of your art while sharing the profits and benefits that ensue from it according to the terms of agreement.
- Record Deals: A record deal on the other hand involves an artist signing a contract with a record label. This implies that the record label is responsible for providing you (as an artist or music creative) with the financial support needed for music production, distribution and marketing; but in exchange for the ownership of your art or a percentage of the earnings from your art.
In short, the key differences between these two stem from the tripod of ownership, control and profit sharing. Thus, while collaboration deals are flexible, and in some ways, more artist-friendly, record deals are sophisticated and require more prudence.
Stay informed, stay creative!
@Alaro Basit
