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8th graders score major record deal

Teen rockers score major record deal. The metal trio consists of Jared Dawkins the 12-year-old drummer from Crown Heights, Malcolm Brickhouse the 13-year-old electric guitarist who resides in Flatbush, and Alec Atkins the 13-year-old bassist, hailing from Bedford Stuyvesant.

Last summer the troop took to the corner of West 40th and 7th Avenue in Times Square and performed for spare change. Their performance was filmed, and went viral on Youtube accruing 1.5 million views. A Sony exec called the band’s manager, Alan Sacks, after seeing the video, and offered them this seven-figure deal, which has since been submitted to a Manhattan for approval, as the group members are all minors.

According to the New York Post these are some of the details of the contract:

The deal includes 16 to 17 percent in royalties, a fee that’s slightly above the industry average, said entertainment attorney Richard Wolfe.

The deal is particularly impressive for artists without a track record, added Wolfe, who has repped Mariah Carey and Marilyn Manson.

But there is a hook on the exclusive five-album deal– the boys will only see the real money after an initial $60,000 advance if their first album sells over 250,000 copies.