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An early recorded five-figure deal in music history was reported by The Music Trades magazine in the late 1910s, made by American composer John Stepan Zamecnik. [4] The 1960s saw contracts with six-figures such as an advance deal for $143,000 to Led Zeppelin (Atlantic Records) in 1968, then the biggest deal of its kind for a new band. [5]
Labels typically own the copyright in the records their artists make, and also the master copies of those records. An exception is when a label makes a distribution deal with an artist; in this case, the artist, their manager, or another party may own the copyright (and masters), while the record is licensed exclusively to the label for a set period of time.
Princeton Record Exchange, located at 20 South Tulane St. in Princeton, New Jersey, is an independent record store. PREX (as it is often referred to) was founded in 1980 by Barry Weisfeld. He had spent five years, beginning in 1975, selling used records from his van at flea markets and college campuses, and wanted to settle in one location.
Rod Stewart has agreed to sell the rights to his song catalogue to Iconic Artists Group in a deal worth almost $100m (£79m).. Stewart, 79, has enjoyed a lengthy solo career since his time in rock ...
Beyoncé, Jay-Z, Jennifer Lopez, Ben Affleck and Mark Wahlberg all made the list of Southern California's top home sales this year.
The NBA label was originally a part of Atlantic Records' when YoungBoy Never Broke Again signed his 5-year record deal with the label and music had begun being officially licensed to a company titled Never Broke Again, LLC. [3] The label has since grown to be independent of Atlantic and is now signed under Motown Records who distribute their ...