Interesting post here that I've copied from the main forum. I'm shocked about the lousy 7.5 per cent of tour profits
"I would assume the X Factor contract has similarities universally. There was an issue in Australia, which meant some details of the contract were revealed:
http://www.smh.com.au/business/signi...916-2tu9o.html
and this highlights some of the requirements:
http://dailydoseofziam.tumblr.com/po...ment-contracts
Some key points:
Artists who were voted out of the show are still under contract to Cowell’s label for up to three months.
Winner gets £150k advance, 2nd gets £75k, 3rd £50k and 4th £10k.
Apparently the winner and runner-ups can be signed to any of Sony’s record labels like RCA or Epic Records, not only Syco. But being in top 4 doesn’t automatically mean a record deal, even though advances have been specified in the contract.
The winner gets 15 per cent from single and album sales. Headlining a tour brings 7.5 per cent of show profits and 15 per cent of merchandise sales.
The record label has “final say” over tracks for albums, and can choose producers and single releases.
Another clause states that artists leaving the show may have to give 5 per cent of all future live earnings to Cowell for a year."