What does 360 deal mean?

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360 deal

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Wikipedia

  1. 360 deal

    In the music industry, a 360 deal (from 360° deal) is a business relationship between an artist and a music industry company. The company agrees to provide financial and other support for the artist, including direct advances as well as support in marketing, promotion, touring and other areas. In turn, the artist agrees to give the company a percentage of an increased number of their revenue streams, often including sales of recorded music, live performances, publishing and more. This business arrangement is an alternative to the traditional recording contract. In a 360 deal, a company typically provides support to an artist in more areas than covered by a traditional recording contract on the condition of receiving a percentage of revenue from these additional areas. During the first decade of the 21st century, revenues from recorded music fell dramatically and the profit margins traditionally associated with the record industry disappeared. The 360 deal reflects the fact that much of a musician's income now comes from sources other than recorded music, such as live performance and merchandise.

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Numerology

  1. Chaldean Numerology

    The numerical value of 360 deal in Chaldean Numerology is: 4

  2. Pythagorean Numerology

    The numerical value of 360 deal in Pythagorean Numerology is: 4

Images & Illustrations of 360 deal

  1. 360 deal

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