Friday, March 8, 2013
Music Business/Law Tip - "Recording Advance"
A "recording advance" is the money paid by a record label to/for the benefit of artist used to cover the costs of recording a record (i.e., studio rental, producer, mixer, session musicians, engineer, equipment). Normally, this amount would be recoupable against the artist's future royalties. Budgets can range from a few thousand to a million dollars. Ben McLane Esq benmclane.com