The Deal Breakdown
Record deals have been present since the earlier days of music recording but the structure of these deals have evolved with time and technology. In the 60s the format of the LP grew, royalties in the UK ranged between 8-15%. The 70's introduced the independent label predominantly in the U.K, which didn't change the value of royalties too much, standing between 5-15% with the expansion of the upfront advance. The 80s saw the rise of the advance, followed by lengthie
