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- Manager - Commision Overview - James H. Stewart
Manager - Commision Overview - James H. Stewart
- By Andy J
- Published 08/10/2007
- Business Articles
- Unrated
Andy J
Andy J - Music Business
Andy Gathers Industry related information and passes it on to you. If you have any questions related to the business of music, please send questions to Andy's Article or email andy@crunkbox.com profile.
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Managers typically get from 15% to 20% of your (artists/band) gross earnings, with the majority earning 15%. These percentages are usually applied to your gross earnings before deducting any expenses (15% contingency fee).
1) If you are an individual artist the fee is pretty well across the board and the manager takes 15% of what you bring in. However when it comes to touring 15% is more than you think is the manager’s fee is calculated on your gross, which can take a big bite out of your net. For example: if you earn $100,000 and net $40,000 your manager’s 15% or $15,000 is almost 40% of your $40,000 net.
2) If you are in a group and you have more than 5 members, 15% of your gross equals all most the same, or more than any one of you earns. For Example: if there are seven of you, every one gets one seventh, that’s 14.28% which is less than the manager’s 15%. In fact, since the manager’s percentage comes “off the top” before you divide up any monies, you only get one seventh of the 85% left after the manager’s 15% which is 12.14%. To add, for touring monies, a manager’s 15% of the gross is several times the share of net each of you are taking home.
1) If you are an individual artist the fee is pretty well across the board and the manager takes 15% of what you bring in. However when it comes to touring 15% is more than you think is the manager’s fee is calculated on your gross, which can take a big bite out of your net. For example: if you earn $100,000 and net $40,000 your manager’s 15% or $15,000 is almost 40% of your $40,000 net.
2) If you are in a group and you have more than 5 members, 15% of your gross equals all most the same, or more than any one of you earns. For Example: if there are seven of you, every one gets one seventh, that’s 14.28% which is less than the manager’s 15%. In fact, since the manager’s percentage comes “off the top” before you divide up any monies, you only get one seventh of the 85% left after the manager’s 15% which is 12.14%. To add, for touring monies, a manager’s 15% of the gross is several times the share of net each of you are taking home.