Copyright, Licenses from Midterm leave you have the right to leave.
They are binding you to the
Music Supervisor contract. o In charge of choosing the songs for a film/tv show Co-terminus o Playlist for movies o States the length of the agreement Sound Exchange with an artist o Interactive streaming (Record Injunctive Relief Company pays Artist) vs. Non- o Two companies having business interactive streaming (SX pays with each other until they settle artist) the legal dispute Name + Likeness Override o Your name and your image (brand) o Payments that come directly from is owned by the record company the record company, basically any nonexclusively and in perpetuity royalty payment that doesn’t come Jointly + Severally from the all-in royalties o As a group and also as individuals. 360 Deal o If it’s just jointly then you can leave o Record companies have different Cross-Collateralization income sources from the artist o Artist needs to pay back the (merchandize, publishing, etc.) unsuccessful record from the next record Special Session Re-recording Restriction o When your record deal ends and 1.5 Hours long you move to a different company, 3 min song you can’t record any songs that you recorded at the other record AFM company for at least five years Record One Special Session $300 o If you’re the producer, you are 1st double: 20% guaranteed royalties on all records 2nd double: 15% sold, but it is calculated before any H+W $20 1st, $15 2nd deductions on behalf of the artist. EPW: 10% Before the artist pays back the Record Company you are paid. Pension is 10% of the scale and double Favored Nation o Clause in your contract that says if AFtra: Type: S1, Side 1, MTK 2, SWT, HRS 1, Total = you are a producer for an album, $600 and another producer joins the project you can be paid their rate if it is higher. What is the royalty that Eminem is receiving? Indemnification/Hold-Harmless o When you have a contract and the other party is responsible for damages, legal fees, etc. Main Man/Keyman o When you sign to a company based on a main person, so if they Synch License: What: specific song The maximum statutory rate is $0.091 For how long? In perpetuity How much? Simple fee • Record One: the producer’s share of “all-in” Exclusive? Limited exclusitivity for 1 year royalties is calculated retroactive to “record one”, once production expenses are recouped. Print, single sheet license: • Favored Nation & Prorate royalty: if What? Specific song multiple tracks by multiple producers or co- For what use? Single folio sheet music production situations How long? 5 years • Approved Budget vs. Recording Fund (“All- How much? 15% of retail in” royalties”) Exclusive? Yes, for that format only Production Company: Deal elements Derivative (sampling) license: o Side/inducement letter: record company What? Specific section of song requires it; artist acceps all terms signed om their For what use? In new song/track in specific locations behalf by production company How long? Perpetuity How much? Flat fee or % of new copyrights Is it exclusive? No Over ride: given to the person or people who may have had the ears or ability to find talent/artist. Performance license: What? Entire catalogue Re-recording restrictions: an artist or group may not What use? Unlimited release a new recording of a song that was How long? 1-5 years commercially released under their previous How much? Set fee recording contract until a certain number of years Exclusive? no Contract terms: • Jointly & severally • Main man/key man • Term: length of time or # of records ( or co- terminus) • Royalty: “record one,” “favored nation, “prorated, 360 participation • All-in: may include/become “override”
Term: Traditionally meaning length of time (often
extendable at record companies option), but as records took longer to record, the “Term” of a record contract became based on the number of records released.
There can’t be an exclusive mechanical license
because by law if you agree to pay a maximum fee, anyone can use the copyright.
Four Roles of Publisher:
Exploit the copyright Administer the copyright Advance money to the songwriter Develop the songwriter
5 Basics Rights of a Copyright:
To reproduce copies To distribute copies for sale, rental ,or lease To make derivative copies To display To perform publicly (but not inc. for sound recordings)
A&R and Distribution.
A&R visits publishers to find best songs for singers Distribution has regional firms into national distributors
“make sure contract includes performance royalties”
Royalty reverse accounts:
Records not sold and paid for could be returned and receive a credit
In The United States Bankruptcy Court For The District of Delaware in Re:) ) Mervyn'S Holdings, LLC, Et Al.) Case No. 08-11586 (KG) ) ) Debtors.) Affidavit of Service