Record Companies Some frequently asked questions on record companies are.. What is the role of a record company? To produce, manufacture and market new albums and singles, and to help develop the artists career. How much money can artists make from record sales? Record sales represent a relatively small percentage of income for musicians when they are starting out. The greater the success early on, the greater the likelihood of the next deal being more lucrative. What are the different types of record deal? - Exclusive Deal - Licensing Deal - Development Deal What is an advance? An advance is a set amount of money, paid to the artist by the record company, in anticipation of earnings from the sales of records or other income. For further information about record companies, plus more indepth music industry information, please refer to 'The Insiders Guide to the Music Industry'. Information and tips on how to get a record deal Learn about record contracts Simply click below for more information 'The Insiders Guide to the Music Industry' Return to Record Company Menu Return to Homepage