LESSON 1 · How the Music Business Works
What Artists Need to Know
In this business, knowing the rules matters as much as talent. Three things protect an artist's income:
- Own your masters — controlling your recordings means controlling your money for life
- Publishing — songwriting royalties are a whole separate paycheck; register songs with a PRO (ASCAP, BMI, or SESAC) early
- 360 deals — these give the label a cut of everything: recordings, touring, merch, and endorsements