What does the word spec refer to in the phrase a spec deal? Describe how a spec deal works.
What will be an ideal response?
Spec deals refer to “speculation,” meaning work that is done without certainty of a payday for those
involved. In a typical spec deal, the producer and artist invest their time and money to create a finished
master recording, which they then shop to record labels. In some cases, the producer pays all expenses
connected to making the master. If a label likes the recording, the artist and producer are in a strong
negotiating position for benefits in a contract. If the master recording goes unsold, then there is no
money for to cover labor or out-of-pocket expenses.
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