Yeah, it’s via Bob Lefsetz, who mostly loves the sound of his own voice (remind me – what has he actually done apart from type?), but this, if you wanna be a pop star or just make music professionally, is very, very good:
record labels. they can help or they can drag you down. here’s the scoop. if they expect you to be the primary distributor of the product, don’t sign the deal. the typical deal is a 90/10 split, you get the ten minus every expense related to the project. thus you are paying for everything and giving the label 90 percent of the gross. read that sentence again.
if they aren’t really really offering you something good in terms of promotion, or something….some tangible quantitized tie-in to something bigger, skip it. you can hire that stuff yourself easier. talk to other artists on the roster and ask them what they think. any more, if you are an emerging artist, it’s going to be hard to find a label home. they are losing so much dough they only want for sure money makers or somewhat less money losers on the roster, and they are dropping folks right and left. this is all good for you. take heart. it’s a 90/10 deal and you get the 10 and they want you to be the primary distributor of the product plus pay for the whole deal, those are not very good terms.
Lots & lots more at the link.