Artist Glossary of Industry Terms–Unrecouped, Recoupable Costs, and Recoupment Rate"
Unrecouped To be “unrecouped” under a recording agreement means that an artist has received an advance but has not yet earned monies equal to that advance. Advances are a prepayment of (or in jargon, “paid against”) revenue streams that are defined in the contract under which the advance is paid—meaning that if a record company […]