Net Receipts refer to the royalties earned by the record label that are solely attributable to the Masters minus all expenses incurred by the label. In the case of publishing deals, net receipts can also refer to royalties earned by the publisher and owed to the songwriter minus incurred expenses.

Press Kit Strategies for Singers & Musicians
The main goal in creating a press kit is to generate interest in an artist and the music they play. A press kit includes background information, photos, samples of music, a listing of past and future gigs you have scheduled, and any other pertinent information.