Cross collateralization
A company recouping the costs of one project from the income of another.
Means a failed release can swallow the earnings of a successful one. Ask for each release or each contract period to be accounted separately.
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More business terms
- A&R
Artists & Repertoire, the person at a label who finds and develops artists.
- Advance
Money paid up front by a label or publisher, recouped from future royalties.
- Recoupment
The process of a label earning back its costs from your royalty share.
- 360 deal
A deal where the label takes a share of income beyond recordings.
- Licensing deal
You keep the masters and license them to a label for a limited period.
- Label manager
The person running a label's day to day operations.