Well known Library taking part of writers share...

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

Post by Casey H » Fri Aug 28, 2020 3:11 pm

SubRivers wrote:
Fri Aug 28, 2020 2:46 pm
cosmicdolphin wrote:
Fri Aug 28, 2020 9:00 am
crs7string wrote:
Fri Aug 28, 2020 8:30 am
I can’t help but to think that if one agreed to giving up 50% of their writer’s share that, over time, there would be a build up of internal resentment.
It is disheartening to see others names on cues sheets and PRO statements that didn't work on the tracks.
Actually that raises a point - is the OP's "well known library" asking for a co-write credit ?
Does that mean you assign 50% share of the song copyright as well as 50% of the Writer's royalties to the library ?
They don't take the actual copyright AFAIK. They probably re-title the tracks and register the re-titles with them as 50% writer. But still. No one should sign this deal. The more people that say yes to this library and any others, the more this will become the norm and the race to the bottom will have greatly accelerated.

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

Post by JohnnyP » Fri Aug 28, 2020 3:34 pm

Casey H wrote:
Fri Aug 28, 2020 3:11 pm
SubRivers wrote:
Fri Aug 28, 2020 2:46 pm
cosmicdolphin wrote:
Fri Aug 28, 2020 9:00 am


It is disheartening to see others names on cues sheets and PRO statements that didn't work on the tracks.
Actually that raises a point - is the OP's "well known library" asking for a co-write credit ?
Does that mean you assign 50% share of the song copyright as well as 50% of the Writer's royalties to the library ?
They don't take the actual copyright AFAIK. They probably re-title the tracks and register the re-titles with them as 50% writer. But still. No one should sign this deal. The more people that say yes to this library and any others, the more this will become the norm and the race to the bottom will have greatly accelerated.
yep, what Casey said.
As a matter of fact I was contacted today by a brand-new (to me) library out of London that wants to sign about 15 vocal songs. We had this same conversation re U.K. libraries taking 75% of the pie. This company doesn't ask for any of the writer's share. This library owner didn't feel it was fair to do that to songwriters. I hope this continues to be the majority position..
John Pearson
www.johnptunes.com

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

Post by guscave » Wed Sep 09, 2020 9:26 am

I'm seeing this trend growing more, but not so much as the library asking for half of the writer's share for themselves but rather the production company asking for it. In return they are promising the library a lot more placements to offset the loss. I know of one library that has gotten me lots of placements that is no longer taking in new writers unless they agree with the new terms.

I'm not too crazy about it and hope it doesn't become the new norm, but it is popping up more and more.

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

Post by DesireInspires » Wed Sep 09, 2020 1:32 pm

guscave wrote:
Wed Sep 09, 2020 9:26 am
I'm seeing this trend growing more, but not so much as the library asking for half of the writer's share for themselves but rather the production company asking for it. In return they are promising the library a lot more placements to offset the loss. I know of one library that has gotten me lots of placements that is no longer taking in new writers unless they agree with the new terms.

I'm not too crazy about it and hope it doesn't become the new norm, but it is popping up more and more.
I’d sign this deal with the quickness. Please send me a PM about this company. I got some cues that I need to get signed!

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

Post by Casey H » Wed Sep 09, 2020 1:55 pm

guscave wrote:
Wed Sep 09, 2020 9:26 am
I'm seeing this trend growing more, but not so much as the library asking for half of the writer's share for themselves but rather the production company asking for it. In return they are promising the library a lot more placements to offset the loss. I know of one library that has gotten me lots of placements that is no longer taking in new writers unless they agree with the new terms.

I'm not too crazy about it and hope it doesn't become the new norm, but it is popping up more and more.
I hope you didn't sign this type of deal, my "old" friend.

Best,
:D Casey

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

Post by Kolstad » Thu Sep 10, 2020 2:52 am

DesireInspires wrote:
Wed Sep 09, 2020 1:32 pm
guscave wrote:
Wed Sep 09, 2020 9:26 am
I'm seeing this trend growing more, but not so much as the library asking for half of the writer's share for themselves but rather the production company asking for it. In return they are promising the library a lot more placements to offset the loss. I know of one library that has gotten me lots of placements that is no longer taking in new writers unless they agree with the new terms.

I'm not too crazy about it and hope it doesn't become the new norm, but it is popping up more and more.
I’d sign this deal with the quickness. Please send me a PM about this company. I got some cues that I need to get signed!
You seem to have misunderstood the business of music. It's not about signing away your rights to get into a low end library. Its about keeping your rights, while getting music placed in high end productions.

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

Post by guscave » Thu Sep 10, 2020 4:48 am

Kolstad wrote:
Thu Sep 10, 2020 2:52 am
DesireInspires wrote:
Wed Sep 09, 2020 1:32 pm
guscave wrote:
Wed Sep 09, 2020 9:26 am
I'm seeing this trend growing more, but not so much as the library asking for half of the writer's share for themselves but rather the production company asking for it. In return they are promising the library a lot more placements to offset the loss. I know of one library that has gotten me lots of placements that is no longer taking in new writers unless they agree with the new terms.

I'm not too crazy about it and hope it doesn't become the new norm, but it is popping up more and more.
I’d sign this deal with the quickness. Please send me a PM about this company. I got some cues that I need to get signed!
You seem to have misunderstood the business of music. It's not about signing away your rights to get into a low end library. Its about keeping your rights, while getting music placed in high end productions.
The library I'm talking about is not a low end library. This library represents about 75% of my income. Again the library is not keeping the 50% writer for all thier placements. This is specific to one very large production company who is requesting it from any library they deal with from now on.

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

Post by guscave » Thu Sep 10, 2020 4:55 am

Casey H wrote:
Wed Sep 09, 2020 1:55 pm
guscave wrote:
Wed Sep 09, 2020 9:26 am
I'm seeing this trend growing more, but not so much as the library asking for half of the writer's share for themselves but rather the production company asking for it. In return they are promising the library a lot more placements to offset the loss. I know of one library that has gotten me lots of placements that is no longer taking in new writers unless they agree with the new terms.

I'm not too crazy about it and hope it doesn't become the new norm, but it is popping up more and more.
I hope you didn't sign this type of deal, my "old" friend.

Best,
:D Casey
Hi Casey,
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.

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

Post by Casey H » Thu Sep 10, 2020 5:13 am

guscave wrote:
Thu Sep 10, 2020 4:55 am
Casey H wrote:
Wed Sep 09, 2020 1:55 pm
guscave wrote:
Wed Sep 09, 2020 9:26 am
I'm seeing this trend growing more, but not so much as the library asking for half of the writer's share for themselves but rather the production company asking for it. In return they are promising the library a lot more placements to offset the loss. I know of one library that has gotten me lots of placements that is no longer taking in new writers unless they agree with the new terms.

I'm not too crazy about it and hope it doesn't become the new norm, but it is popping up more and more.
I hope you didn't sign this type of deal, my "old" friend.

Best,
:D Casey
Hi Casey,
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.
Gus
One production company now and you don't think MANY later? You don't think you're contributing to a dangerous trend for other production companies/libraries? I'm sad to see your decision here. Penny-wise and pound foolish. Ultimately harming yourself and everyone else in this business.

BTW, I'm aware of that library and video call.

Seeing a friend who has "been around the block" quite a few times in this business do this is very disappointing.

Casey

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

Post by DesireInspires » Thu Sep 10, 2020 5:42 am

Kolstad wrote:
Thu Sep 10, 2020 2:52 am
DesireInspires wrote:
Wed Sep 09, 2020 1:32 pm
guscave wrote:
Wed Sep 09, 2020 9:26 am
I'm seeing this trend growing more, but not so much as the library asking for half of the writer's share for themselves but rather the production company asking for it. In return they are promising the library a lot more placements to offset the loss. I know of one library that has gotten me lots of placements that is no longer taking in new writers unless they agree with the new terms.

I'm not too crazy about it and hope it doesn't become the new norm, but it is popping up more and more.
I’d sign this deal with the quickness. Please send me a PM about this company. I got some cues that I need to get signed!
You seem to have misunderstood the business of music. It's not about signing away your rights to get into a low end library. Its about keeping your rights, while getting music placed in high end productions.
There is no misunderstanding on my part.

You can make more money by getting 50% on placements than keeping 100%. The percentage is not what makes the most money. It is having songs consistently placed with the right companies on the right shows. A co-write on a good group of songs can generate a lot more money than full writers share for underperforming cues.

I do co-writes with others to get into libraries that I do not have tracks with. And I let others co-write with me to get them into libraries that they have not worked with before. Collaboration is the new way in music licensing. Holding on to cues to wait for a perfect deal is not that beneficial. You can always write more!

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