What are "points" (in relation to the music industry)?

[gex_gex]

Just read this article by Steve Albini (big time rock producer/engineer - he did the Pixies, Nirvana, etc.). Very interesting, very eye-opening.

But anyway, in it, he mentions things like:

The A&R guy was full of great ideas, even talked about using a name producer. Butch Vig is out of the question—he wants 100 g’s and three points, but they can get Don Fleming for $30,000 plus three points. Even that’s a little steep, so maybe they’ll go with that guy who used to be in David Letterman’s band. He only wants three points. Or they can have just anybody record it [like Warton Tiers, maybe—cost you 5 or 10 grand] and have Andy Wallace remix it for 4 grand a track plus 2 points. It was a lot to think about.

And so my question: What are points?

[Otto]

Percentage points, or percentage of the profits.

[KidCharlemagne]

Points are percentage points of a certain definition of profit, also called “back end.”