I play with an aspiring solo artist (singer) who is incredibly talented, has killer songs and should be signed.
Well, she did get "signed" as she put it, on Friday night. Not with a label, but will be represented by an entertainment manager / producer with label and distribution contacts.
I am sure many of you have been in this situation and know how this game is played.
Before she told the band she got signed, we had the "how committed to the band are you" talk and the "will you be able to drop everything you are doing and tour on an extended basis"?
She said the going rate for a touring musician is around $1,000.00 per week whether we are on tour or not. Plus meals and lodging.
She also offered points from album sales and equal share in profits.
I am 40 years old, married with 2 kids who are 4 & 5 years old, mortgage and a single wage earner.
My initial thoughts, because she wanted an answer right then and there, was no way based solely on the income.
I make more money than the proposed $52,000.00 a year, and I am barely staying afloat.
So, there is no way I could do this and support my family.
Now, if the money was enough to support my family and I could work out getting home whenever I had the chance, then I would give it some seroius thought.
I know some of you may be saying, "$52,000.00 sounds pretty damn good to me", but unfortunately, it is not enough for me at this junction in my life.
If a label did pick her up, it could be a terrible decision on my part.
The good news is that we are going into the studio to record her album and do showcases for interested labels.
So, I need to figure out what a studio musician makes and what percentage points I can hope to receive if the recordings are picked up by a label.
I have the guts, and the support of my wife, but my financial responsibilites take precedent over a life on the road.