Advance
Money paid up front, later recovered from royalties
Related
An advance is money a label or publisher pays the writer/artist on signing, later recovered from royalties earned. It is not a gift or a bonus but a loan against future income.
Its relation to royalties is often misunderstood: a big advance does not mean big income, only that the contract has paid future money early; if the work never recoups, the artist may see no further royalties for a long time. Ask the contract: how much, at what rate is it recouped, and what else is deducted before recoupment.
Read deeper → royalty
Sources
- 预付版税与回本机制，参通行音乐产业教材；本文为通识说明，不构成法律意见
Used for fact-checking only; all prose is original.