its an A&R contract, they're apparently backed by a major label but they offer non-exclusive contracts, release the artists music and keep tabs on their sales, this way the parent label doesnt have to invest a bunch of money on a failed launch. I'll post some info I have.
We provide a contract that gives you 100% of the profit from the sale of your music. You keep the
rights to your music. You are free to work with other artists, producers and labels with no financial
penalty from 10 Dollar Records. We provide Professional mastering on your first release for free.
We distribute your music to a big network of retailers, including iTunes, Amazon, Juno, HMV,
Jamster (ringtones) Nokia Ovi (mobile store) eMusic, TuneTribe, Spotify, Napster and a very large
list of niche retailers from around the world.
There is a one off fee of £10 per track to cover distribution costs. In return you get professional
studio mastering, distribution, free artwork and 100% of the profit from the sale of your music is
paid to you directly. We send you a sample copy of the mastered track for your executive approval
and the tracks are only sent to the distributors when you are happy with the release.
When the contract is returned and the payment is processed we will require the WAV files for mastering, which I will send to the studio for you and when they come back (usually within 5 days) I will send a copy to you for your approval. If you are happy with the release I will set up your account with the distributors as you are paid directly by them in to your PayPal account and I will prepare your release for distribution, including applying a unique barcode, cat number and meta release data. The release is then sent to the distributors, an official release date is set and in stores in six weeks, this gives the distributors a universal release date to create a sales page and list your release for sale.
these are only chunks from a few emails between them and I.
a few releases I found-
so they actually put their artists stuff online.
I'm not really itching for a label, or cash at this point. I pretty much always had in mind to release my own work.
check this though,
18. All Masters produced hereunder, from the inception of the recording thereof,
and all phono-records & all other reproductions made there from, together
with the performances embodied therein, and all copyrights thereto, along
with all applicable renewals and extensions shall entirely remain the property
of the Artist(s), free of any claims whatsoever by Producer(s) or any other
Person(s) engaged in the production of the Masters (this being understood
that for copyright purposes, the Producer and any other Person rendering
services in connection with such Masters shall be contractors for hire).
meaning if I decide to cancel the contract (its for 5 years, with option to cancel with a 240 day notice) they won't keep the rights to any of my stuff?