> 5. EVERY SINGLE PENNY that the record company has spent "on behalf of > the artist" (which includes all of their advance, all of the marketing, > and all of the associated "corporate hospitality" - such as lunches for > the executives in swanky restaurants) is deducted from their royalties.
That's very interesting and sounds very strange. It's certainly not the way book publishng works which i have exxperience of. I did a search on Google and came across this which said something silmilar: http://entertainment.howstuffworks.com/music-royalties6.htm but it sounded so strange i looked into more professional web sites desinged for real artists needing adice. They mentioed confusion arounf the iddue and then i found quite a good one: http://www.musicforlondon.co.uk/MusicContractsSite/recording_agreements.htm > ROYALTIES > > The rate is usually comprised between 10% and 14% of the retail price > of the records sold or between 13% and 18%of the published price to the > dealer. Indies usually redistribute 50%. > They are received after the recoupment of the advance and the recording > and video costs. > > PROMOTION > > Promotion costs should not be recoupable. > Out-of-pocket expenses for promotional purposes, incurred by the artist > should be reimbursed by the record company. > The record company may provide promotional "tour support" > Video costs are usually recoupable by 50%. The remaining 50% is > recovered from commercial exploitation of the video. > You are clearly mistaken on EVERY SINGLE PENNY part but the deal is not as sweet as I originally thought. -- willyhoops ------------------------------------------------------------------------ willyhoops's Profile: http://forums.slimdevices.com/member.php?userid=10563 View this thread: http://forums.slimdevices.com/showthread.php?t=34928 _______________________________________________ audiophiles mailing list [email protected] http://lists.slimdevices.com/lists/listinfo/audiophiles
