What percentage do band managers take? A standard management fee is usually around 15% – 20% of your earnings. Your manager takes a cut of proceeds from album sales, any label advance, and from the earnings from deals they have negotiated.
What should be in an artist management agreement? Exclusivity—agreeing to a minimum commitment in case the manager represents more artists. Manager’s services—detailed responsibilities of the manager. Authority—Decisions the manager is entitled to make regarding the artist’s career and in the artist’s name; sometimes, a power of attorney is included.
How do you write a contract for a band?
- Name and Contact Information of Both Parties. You’ll want to use legal names, not stage names here.
- Place and Times of Engagement.
- Performance of Services.
- Payment and Compensation.
- Cancellation policy.
- Relationship of Parties.
- Force Majeure.
How much money do managers take from artists? While there is no set typical payment or commission rate for a manager, most managers earn anywhere from 10-25% of the artist’s total income, typically the rate is between 15-20%.