Derek Crownover, co-office administrative partner of the firm’s Nashville office, is quoted in an article published by Billboard magazine discussing the increased flexibility and creativity in record label deals made with artists.
Flush with cash and eager to break artists, labels are increasingly eschewing traditional contracts and getting creative with alternative options. “Labels are more willing to be partners,” Derek said.
Increasingly common options include distribution deals that, “gives the artist back his or her master recordings after a fixed period,” or ‘cut-in’ agreements, “where a party develops an artist as a producer and hands off the project to a label in return for points from the artist or label,” Derek noted.
To read the full article, please visit Billboard’s website (subscription required).