Create/OS has released a new Record Deal Simulator which helps artists calculate how many streams they need in order to turn a profit.
After many artists have been surprised by the little payouts they receive, this tool should assist with helping understand the math and negotiating a better contract with record labels.
The tool is based on figures like record label advances, marketing costs, percentage split and more.
“Many artists sign record deals they don’t fully understand. We’ve created a deal simulator to help artists, managers, and labels model deal options and forecast profits. It’s a rough guide to better understand the finances of how record deals work,” explains CreateOS.
Take a look at the Record Deal Simulator for more information