Well known Library taking part of writers share...

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guscave
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Re: Well known Library taking part of writers share...

Post by guscave » Thu Sep 10, 2020 11:09 am

andygabrys wrote:
Thu Sep 10, 2020 10:38 am
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.
Sure 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.

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.
Hi Andy,
Although I know of the company you are refering to, my post is about a different library.

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Re: Well known Library taking part of writers share...

Post by Casey H » Thu Sep 10, 2020 11:13 am

But does it matter WHICH library it is? No. Give away writer's share and you are helping to set a very dangerous precedent.

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Re: Well known Library taking part of writers share...

Post by guscave » Thu Sep 10, 2020 12:11 pm

Relationships in this business is extremely important, so yes it does matter who you do certain deals with. This is not the first time I've been approached with a similar offer (the first was more than 4 years ago), and I've turned almost all them down. Not all deals are the same, so you have to pick your poison carefully.

When I started in this business it was unheard of signing an exclusive deal without front end money. Now it's the norm, but I know a lot of writers that still won't sign those types of exclusive deals, and that's ok.

Will more production companies start asking libraries for a cut of the writer's share? Absolutely!. (Some have already been asking them for 50% publishing). Is if fair? "NO", but the business is constantly changing and like the song says, "You've gotta know when to hold em or fold em"... ;)

This is not a one size fits all industry. I write well over 300 songs a year so I use multiple avenues for income. Everything from straight up non-exclusive licensing to WFH and everything in between.

I'm not advocating that writers sign these types of deals where you give a portion of your writer's share. If it were up to me, I'd love to see every song added to a library's catalog get paid up front plus back end royalties. But for now the deals I've done have worked out for me. Your mileage may vary....

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Re: Well known Library taking part of writers share...

Post by DesireInspires » Thu Sep 10, 2020 4:11 pm

guscave wrote:
Thu Sep 10, 2020 12:11 pm
Relationships in this business is extremely important, so yes it does matter who you do certain deals with.
That is golden!

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Re: Well known Library taking part of writers share...

Post by mrichmond56 » Thu Oct 01, 2020 11:18 am

Is the libary have a O and a T in it? 5 letters?

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Re: Well known Library taking part of writers share...

Post by CTWF » Thu Oct 01, 2020 12:12 pm

mrichmond56 wrote:
Thu Oct 01, 2020 11:18 am
Is the libary have a O and a T in it? 5 letters?
Hmm, only 175,760 possible names left for this library! 8-)

Unless, of course, you mean exactly one O and exactly one T, then it is only 138,240 possibilities! :ugeek:

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Re: Well known Library taking part of writers share...

Post by AlanHall » Thu Oct 01, 2020 12:56 pm

CTWF wrote:
Thu Oct 01, 2020 12:12 pm
mrichmond56 wrote:
Thu Oct 01, 2020 11:18 am
Is the libary have a O and a T in it? 5 letters?
Hmm, only 175,760 possible names left for this library! 8-)

Unless, of course, you mean exactly one O and exactly one T, then it is only 138,240 possibilities! :ugeek:

Tom
Are you including words that aren't in the dictionary? ;)

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Re: Well known Library taking part of writers share...

Post by JohnnyP » Thu Oct 01, 2020 4:08 pm

mrichmond56 wrote:
Thu Oct 01, 2020 11:18 am
Is the libary have a O and a T in it? 5 letters?
Starts with an M and rhymes with- can I say.... bribe? ;)
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Re: Well known Library taking part of writers share...

Post by SubRivers » Sat Oct 03, 2020 5:53 am

Ah - I do know that library - though I haven't been contacted by them about any split changes.

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