Contracts & Ownership: Why Artists Lose Control Without Realizing It
Ownership determines long-term wealth. Most artists focus on exposure. Smart artists focus on ownership. Artists like Russ built wealth through ownership.
What Ownership Means
Ownership gives you control over:
- Your mastersÂ
- Your royalties
- Your licensing
Without ownership, others profit from your work.
Solutions
1. Understand every contract
Never sign without reading and understanding.
2. Retain master ownership whenever possible
Masters generate long-term income.
3. Build leverage before signing
Leverage creates better deals.
Takeaways
Ownership creates independence. Exposure without ownership creates dependence.