Legal Experts Say Planning For Future Will Ensure Winner’s Future Financial Success
As the BBC announce their ‘Sound of 2017’ winner, media and entertainment experts at Irwin Mitchell say soul singer Ray BLK must get good deals for all those offers that will inevitably flood in.
It is the first time an unsigned artist has won the honour, which was announced this morning on BBC Radio 1.
Previous winners include Adele, Ellie Goulding and Jessie J who have all been catapulted to international success by the accolade.
Music, Media and Entertainment expert Aurelia Butler-Ball a solicitor at law firm Irwin Mitchell works with many emerging artists.
It’s a great time to be carving out a career in music as the music business continues to grow more than any other entertainment industry.
Being named the BBC’s ‘Sound of 2017’ can be pivotal in turning an emerging artist into a household name as we’ve seen from previous winners Adele, Jessie J and Ellie Goulding.
The accolade can be a springboard to international fame but at this stage in a performer’s career it’s vital they tread carefully as the key to financial success in the music industry is getting deals with record labels and publishing companies, right.
Future planning is also essential and even the band Oasis said that getting a pension when they first started out was the best thing they ever did.
The best advice for unsigned artists like Ray BLK would be to ensure you get a good deal with your record label, and when you get those earnings – spend them wisely, plan for the future, because in such a rapidly changing industry, no one knows what the future holds.
Aurelia Butler-Ball - Senior Associate