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Development contract?
| Message Board > Music Chitchat - Heavy > Development contract? |
| jace User Info... | So Victoria band Blue Mundae has a "development contract" with 604 Records. What is that? Anyone know? - Wed, 16 Mar 2005 6:23pm | ||
| Dire Strait User Info... | Basically a Development deal works like this: Sometimes a label may think a band has potential,but for one reason or another, they'll be unsure of signing them. The Label doesn't want other labels to "Steal" them away in the meantime. This is where the Development deal comes into play, the artist receives a small sum of money 1000-2000 to be used for demoing additional material.The artist must then submit demos only to the label in question.After a certain amount of time few weeks to a year the label decides not to sign the band,the band can take the demos elsewhere.If another label wants to sign the band,the original label has the right to match the offer and sign them, known as right of last refusal. You give away a ton of freedom for peanuts.The right of last refusal can be a very unattractive feature in the eyes of other labels.Great for the label because it can hold you with no obligation and virtually no cost. I hope this helps you out. R&R Management http://www.thetreesrock.com - Wed, 16 Mar 2005 7:27pm | ||
| joe90 User Info... | A DD is a way for a label to see just how desperate an artist is to get in bed with them, or any label, really. From an industry standpoint, if that stock had any value in the first palce, it dropped like a rock upon signing that deal. As Dire Straight alluded to above, in such a deal, an artist gives up a lot for very little. - Thu, 17 Mar 2005 6:40am | ||
| Lucius User Info... | Basically they got you by the balls. I have heard of bands being in "Developement Contracts" for years without ever doing anything. If you piss them off at that point they can just hold on to you. Always make sure there is a finite time for either parties to make things happen. Or else your basically fucked if they don't wanna do anything with you. - Thu, 17 Mar 2005 8:19am | ||
| Drake User Info... | A developement deal isn't always a bad idea as long as you're a smart negotiator, which most musicians are not. - Thu, 17 Mar 2005 10:26am | ||
| Kickback User Info... | Drake hit it. Any contract you're offered is negotiable. Make sure you have some of the rights the company does too. And read everything VERY CAREFULLY!! we almost signed what looked like a good deal for the states but it would have given the label rights to the whole world too and they werent willing to promote or distribute overseas or even in Canada so we would've been fucked if we wanted our CD's there. If you can get a walkaway clause in a Developement deal then it's worth it because if unsatisfied either party can leave the deal no strings (bands usually have to wait about a year to sign with another label though). Down side is you could have your funding pulled in the middle of demo sessions. - Thu, 17 Mar 2005 12:37pm | ||
| josh User Info... | You can sit around writing and recording "demos" for years while you wait for someone "important" to make you famous, or you can buy a cheap van, get on the phone with some promoters, and get out and play some real clubs for real people. One way you assure yourself a tour circuit with a fan base and clubs and contacts for years to come. The other way is all or nothing, and odds are way more likely nothing. The "industry". You don't need 'em. Believe in what you're doing, and do it yourself. end rant - Thu, 17 Mar 2005 2:34pm | ||
| Zippgunn User Info... | Er... who the hell are Blue Mundane? - Thu, 17 Mar 2005 2:38pm | ||
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