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 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 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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