You are an inspiration, John. Thats an awesome story!JohnnyP wrote: ↑Mon Aug 24, 2020 10:28 amThanks for that info Kolstad. Morgan's a wonderful advocate for us but I hadn't heard the PMA was going to release an official stance on this subject. I did attend some raucous PMC meetings out at the Lowes in the fall of '18 and '19 so I had a general sense of where a majority of the writers that attended that seminar stood.
Here's a case in point for not taking the buyout/dilution of your writer's share from a few months ago..
I was offered the option of a buyout on one of my songs by a huge streaming company, you know the name. The song aired for :45 seconds on an episode in April and the 10 episode show was the most popular show on the network. It was a sync fee of between 5-10k and I had the option to just fill in an amount for the buyout. I opted to keep my back end.
The sweetest part is this placement was through a sync agent. She received 35% of the sync, I received 65% of the sync plus I received 100% of the writers and 100% of the publisher's share.
I know this example may be a bit like comparing oranges to tangerines but my point is to hold on to as much of the interest and control of your creative work as possible.
Yes, Morgan from the PMA wrote on FB that she’d be happy to help of anyone had issues with these companies. PMA is working hard at this moment with this, as they have experienced an number of cases lately. Seems some companies have been testing the waters, to see how many would be inclined to accept this type of deals. I guess they know people are under pressure due to Covid19, and try to exploit the situation.
PM me to get the exact quote from Morgan along with her email (not sure if I may post that here)..
Yeah, I guess it’s possible to set up your own shop and get a sync agent, bypassing more middle men. In the end, I think it will be the libraries that will fall in a direct battle of rights with writers/ composers. After all, they dont produce any music. Their only asset is to offer a win-win situation.