A Beautiful Mind

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THE MYTH The biggest myth conveyed to new, enthusiastic artists is that they need to be “discovered” by a major record company in order to attain fame and fortune. Once presented with a contract, the most prominent factor that the artist focuses on is the amount of money they’ll receive up front as a “signing bonus” or advance, which can usually range between $100k - $1m. That’s a lot of money to a young (sometimes literally) “starving” artist, so without hesitation, further explanation or full comprehension – they sign and sell themselves to a record company for a specified number of years not realizing that they (the artist) no longer own their art, image, name or anything they purchase with the money advanced to them for signing to a label.THE FACTS The record companies may sign an artist offering a multi-million dollar “deal” and never record or release that artist even though the artist signed a contract solely for that purpose. The artist forgets the fact that the record label or company has bought control of and over any and everything in connection to the artist including whether or not to record, promote or distribute any material or image of the artist.Once an artist signs a contract and accepts payment (i.e. the “advance”), the elements of valid contract are in play. The record label or company has already made its money off the artist by immediately creating a debt that an artist is not able to repay, ironically unless the creditor (record label) allows them to. If the label “gives” an artist one million dollars, the artist owes the label 2 million and is obligated to pay before any release of contract is awarded. This puts the artist in a Win-Lose situation. Not only do they owe this money with no way of paying it back, but no other label will touch them until this debt is paid in full. ::::::::::::::WE HAVE A BUSINESS ASSOCIATE THAT CAN ASSIST YOU WITH YOUR CAREER, YOU NEED THE TOOLS TO DO IT! WE GOT IT!
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