360 Record Deal Contract
Written for musicians, record labels, and music companies in the UK
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Contract Description
Agreement setting out the conditions in which a music company engages an artist in
respect to his/her/their services as recording artist, songwriter, composer/arranger of
music and actor/actress (for film, TV and Theatre). It also grants the music company
merchandise, sponsorship and endorsements licenses for the use of the artist’s names,
likenesses and related Intellectual Property.
360-type deals have come around as the recording labels response to three major
trends in the music industry in recent years: (1) the steady decline of revenue from
record sales, (2) the increase in prices of tickets to live events and fan expenditure on
merchandise and (3) the strengthening of the capabilities of the collecting societies
and publishers getting better at their roles which translates in income from public
performance and synchronization becoming more and more significant.
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