Hi Andy,andygabrys wrote: ↑Thu Sep 10, 2020 10:38 amSure they get a lot of placements due to their proximity to a video editing suite that is also owned by the same individual(s). It should be noted that this library places mostly on TV, lots of unscripted, and a good deal of sports programming.guscave wrote: ↑Thu Sep 10, 2020 4:55 am
Normally I wouldn't go for such a deal, but this library does extremely well for me. I spent about 2 hours on a video conference with the CEO discussing this as well as other issues before making my decision. This type of deal is exclusive to only one production company they work with. All other placemets will still remain the same as before. The idea here is that we shouldn't see an decrease in revenue because there will be more placements. But only time will tell. Good thing is I can pull out of it at any time by simply not providing any more music to them.
Existing catalog items will continue to be paid at the same as the existing 100% writers contract. They will not be pitched to new shows or opportunities where the deal that the library offers is the newer 50% of writers.
Existing Placements will be paid at the old 100% writers rate.
I understand why you would want to go with this deal - as if they are your bread and butter, you continue on. If you are one of the top writers in your genre and you produce more cues than others you will have a greater share of the money assuming that all the cues are of the same quality. Hopefully that is many times what you earn now even though the rate will be at 50%.
For the industry as a whole, and for what composers choose to do - this is a negative stroke though. If it propagates to other production companies / networks in the future this is a downward spiral. Protect your portion of syncs and writers share. Don't give it away.
this: This type of deal is exclusive to only one production company they work with. All other placemets will still remain the same as before. I can't say is true.
Looks like the rate is going to 50% for pitching to this company as well as all others for the new music that you write. Its only existing music that will be paid in accordance with the old contract.
Although I know of the company you are refering to, my post is about a different library.