TV ads - What type of deals for high-end placements?
Posted: Fri Mar 15, 2013 1:16 am
I've pretty much gotten my head around the world of library placements, licensing fees, and back end royalties, but for high-end TV ad placements, I'm not as familiar with the type of deals to expect. These are some questions that come to mind:
1. What rights would the composer typically grant to the ad agency?
2. What rights would the composer retain?
3. Would the deal typically specify a time period in which the ad that uses your music could be broadcast, and if so, what happens if they later want to broadcast the ad for a longer period? For instance, if you were lucky enough to get an initial fee of $50,000!, would the agency (if that who your contract is with) want the right to use your music in the ad forever, or would even a fee that large come with a specified usage period? If they have to pay you again for extending the initial period, is there a percentage of the original fee that the new payment would typically be based on?
Okay, that's probably more than enough questions for now.
If anyone has experience in this high-end ad world, I'd be interested to hear your thoughts. Thanks!
Richard
1. What rights would the composer typically grant to the ad agency?
2. What rights would the composer retain?
3. Would the deal typically specify a time period in which the ad that uses your music could be broadcast, and if so, what happens if they later want to broadcast the ad for a longer period? For instance, if you were lucky enough to get an initial fee of $50,000!, would the agency (if that who your contract is with) want the right to use your music in the ad forever, or would even a fee that large come with a specified usage period? If they have to pay you again for extending the initial period, is there a percentage of the original fee that the new payment would typically be based on?
Okay, that's probably more than enough questions for now.
If anyone has experience in this high-end ad world, I'd be interested to hear your thoughts. Thanks!
Richard