Chapter 154: Oh Shet!

After returning to his office, Lei Yun carefully flipped through the contract in his hand, turning through the pages one by one, and after reading it for a while before reading all the contents, he finally had a clear understanding of this contract.

At this time, he had recovered from the signing fee of up to one million, and began to rationally analyze the pros and cons of it.

First of all, the signing fee of one million a year is true, but it is absolutely impossible to be exclusive to yourself.

It's easy to figure out why the FutureTime club doesn't contact RayRay directly, but the label behind him.

Naturally, in the contract he signed in Belgium, Lei Yun had already handed over all his earnings for the next ten years to the Death Poets Society label.

It is clearly written in the contract signed between him and the Dead Poets Society, as a label that contracts, packages and creates artists, not only has the first distribution rights of all dance music created by its artists, but also owns 60% of all the income of artists.

In addition to the royalty income such as the release and sale of songs, the click and play of streaming media, and the payment of copyright fees by radio clubs, the main part of DJ income, that is, offline performances, is naturally also listed.

To put it simply, any economic income created by Thundercloud can only get 40% of the share income, and the remaining 60% is the legal income that should be obtained by spending resources to build Thundercloud's Death Poets Society label.

But these are not over, it does not mean that the signing fee is 1 million US dollars, and Lei Yun will be able to get 40% according to the proportion, which will also deduct various miscellaneous expenses, and the Death Poets Society label will share with the signed artists in proportion to pay the corresponding income.

There is a very clear clause in the contract that the $1 million will be paid in advance to the company account of the Dead Poets Society as soon as the contract is signed, and the remaining 50% will be paid in one lump sum after 10 normal performances.

However, taxes and all miscellaneous expenses are not included in this fee, and the club is only responsible for the DJ's accommodation upon arrival in Las Vegas, and there is no specific star rating standard.

This is easy to understand, with RayRay's current coffee position, it has not yet reached the point of asking for a five-star hotel.

In addition, Thundercloud has a total of 36 performances in a year, and the additional costs such as air tickets and visas incurred back and forth must be taken care of by themselves.

In other words, the club is only responsible for the money and accommodation, and the rest of the eating, drinking, and lazar are the responsibility of the DJ himself.

Of course, these expenses will not be Thundercloud's turn, but will be deducted from the advance payment made by the club in advance, and finally Thundercloud will complete all the performances normally as agreed, and the Dead Poets Society will start to settle with him.

After deducting the high taxes and fees of both the United States and Belgium, and then removing all the miscellaneous expenses incurred by Thundercloud during the performance, the remaining profits will be shared between the label and the artist according to the agreed proportion.

In other words, after deducting a lot of messy expenses, after Lei Yun performed as promised for a year, the final performance fee he could get in his hands might only be two or three hundred thousand US dollars.

This account is calculated in this way, which is no less than a basin of cold water directly poured over the head, which makes the thundercloud calm down instantly, and his heart is extremely lost.

Damn, what about the million signing fee that you said?

How did you finally get your hands on it, only so little?!

Maybe the impact of the previous million dollars was so great that Thunderclouds are now a little bit improper, 'only' two or three hundred thousand dollars?

You know, that's the cost of a show in a club, just 36 performances!

After all, the organizer of any show will not be responsible for taxes and miscellaneous expenses, and these deductions are reasonable expenses, for every DJ. Let's look for books

Therefore, when calculating the commercial value of a DJ, it is only about the appearance fee, as for whether you will share it with the label, what the proportion of the share is, and how much you can get in the end, these are all your own business.

Therefore, the contract issued by FutureTime is indeed sky-high for Thundercloud, who does not have any top 100 rankings and has only debuted for a year.

1 million US dollars for 36 performances, and the pre-tax income after book discount is about 27,777 US dollars, which is already equivalent to the appearance fee of the top 100 DJs before the top 30!

It can be said that although Lei Yun has only debuted for a year, the value of his performance has risen rapidly to the second level of DJ income, only slightly lower than the top celebrity DJs in the first gear!

This ability to attract money is simply appalling and even unbelievable in the current electronic music industry with a limited audience!

If calculated according to the cost of a single appearance of 27,000 US dollars, 365 days a year, Lei Yun non-stop, tirelessly perform for 200 days, and the performance income alone is as high as 5.4 million US dollars in a year!!

Even if it is shared with the label, there will be at least more than one million US dollars, which is only the cost of offline performances, not counting the income from royalty sharing.

Therefore, offline performances are currently the most important source of income for DJs, as long as they are willing to pay, running one or two hundred days a year, it is very easy for big-name DJs to earn more than one million dollars a year.

As for why he stayed up all night to earn the hard-earned money from performances and gave the label a large share of it in vain, this is again a question of chicken or egg.

If there was no support from the label and huge resources in the early days, it would be very difficult for a DJ to become one of the top 100 and become famous, and it would be almost impossible to do it.

The reason why major labels are willing to vigorously support newcomers is that they naturally value long-term lasting returns, at least their own early investment, how to have a return of several times.

There are even many artists who are tepid, have no right to speak in the label, and the performance fee is not high, so the quality is not enough to make up the quantity, and they are forced to perform two or three hundred times a year, and it is not uncommon for them to perform almost all year round.

So Lei Yun didn't bother with it too much, and Kevin took most of his income from these things.

If it weren't for Kevin and the Dead Poets Society, he would still be just an ordinary Chinese college student, and he would not be able to easily hit a brick among millions of fresh graduates.

If it weren't for Kevin's kindness and the vigorous promotion of resources at all costs, how could there be a new star of electronic music who now owns the copyright of more than a dozen dance songs and hundreds of thousands of Twitter fans?

He is just summing up, if he signs this contract, it means that his creative time will be greatly shortened, and he will go back and forth to Europe and the United States for a long time in the coming year.

For those who have always wanted to vigorously promote EDM, is it worth it for the two or three hundred thousand US dollars?

Lei Yun couldn't help but fall into deep thought, and he couldn't make up his mind for a while.

"Knock knock!"

Suddenly, there was a sudden knock on the door, which startled the thundercloud.

He looked up instantly as if reflexively and shouted angrily.

"Oh Shet!