How a K-Pop Artist Gets Paid
A contract may say that an artist receives 50 percent. Before doing the math, ask what the percentage applies to. The amount a promoter pays, the amount left after expenses, and the amount an individual group member receives are three different figures. Imagine an agency receives $10,000 for a group performance. The agreement allows $2,000 in expenses to be deducted and gives the group half of the remaining $8,000. The group receives $4,000. If four members split that amount equally, each receives $1,000 before any individual taxes. These numbers are hypothetical. The calculation changes with the contract. When reading a settlement statement, check three things. Who received the payment? Which expenses were deducted, and how were they allocated? Can each artist trace the final figure back to the underlying records? For a fuller explanation of what artists and agencies agree to, explore Music Business Through K-Pop on Kindle. Explore Music Business Through K-Pop on Kindle ...