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...
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....
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....
- DesireInspires
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Re: Well known Library taking part of writers share...
That is golden!
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Re: Well known Library taking part of writers share...
Is the libary have a O and a T in it? 5 letters?
- AlanHall
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Re: Well known Library taking part of writers share...
Are you including words that aren't in the dictionary?
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Re: Well known Library taking part of writers share...
Starts with an M and rhymes with- can I say.... bribe?
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Re: Well known Library taking part of writers share...
Ah - I do know that library - though I haven't been contacted by them about any split changes.
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