Net Synchronization Fee?

[GHM]

Hello Taxi Composers, Recently got a contract offer for some songs through a new start-up Production Library. The contract is mostly standard items. However, the verbiage is rather confusing around the " net synchronization fee".
I've asked the person to please explain or provide an example of how this net-sync fee would function & play out in a real sceanrio.
I haven't heard back in about 3-4 days. So wanted to post here.

Anybody ever ran across this term before?

Thanks a bunch, Keep those pens & strings moving!

GHM

[cosmicdolphin]

Maybe they mean a micro-license sync fee if it gets licensed for a Youtube video or similar ?

I've had a couple of tracks used on Greenpeace videos that were online only with a small upfront payment...£50 each I think it was

[GHM]

Hello Taxi members,

Thaaks Cosmic Dolphin for your thoughts & reply. I have heard back from the owner of the company. Though somewhat confusing and ambiguous language, it does refer to the net revenue that the composer and the publisher would receive if a composition were to be permanently, and exclusively bought out from a show's Production Company that it originally was placed in. It would seem a lot more reasonable and clearly understandable to me, if that's what it said in the contract versus "Net synchronization Fee" minus reasonable attorney fees & the even more ambiguous "administrative costs".
With all that said, the production company and management that I'm working with does seem to be reasonable, and was willing to spell some things out differently in the contract so that piece of it made more sense...Something you don't see very often.
Glad TAXI staff are still beating the bushes & providing real business opps. That is much appreciated.

Here's to great-writng & success for us all,

GH

[JohnnyP]

Hello Taxi members,

Thaaks Cosmic Dolphin for your thoughts & reply. I have heard back from the owner of the company. Though somewhat confusing and ambiguous language, it does refer to the net revenue that the composer and the publisher would receive if a composition were to be permanently, and exclusively bought out from a show's Production Company that it originally was placed in. It would seem a lot more reasonable and clearly understandable to me, if that's what it said in the contract versus "Net synchronization Fee" minus reasonable attorney fees & the even more ambiguous "administrative costs".
With all that said, the production company and management that I'm working with does seem to be reasonable, and was willing to spell some things out differently in the contract so that piece of it made more sense...Something you don't see very often.
Glad TAXI staff are still beating the bushes & providing real business opps. That is much appreciated.

Here's to great-writng & success for us all,

GH

Thanks for posting that GH. Interesting what is popping up in contracts. But it’s refreshing to hear the library worked with you on the language. And congrats on the signing!