Home » library business

How Much For Your Copyright?

x
Bookmark

I’ve always felt that owning the copyrights to your own music was golden as there are many advantages and the payoff can be substantial. As an example: If you have success as a composer and years down the road you want to “cash out” and sell to a larger company, owning a catalog of your copyrights can potentially mean a big pay day. BTW this is done all the time.

Recently I was offered an exclusive deal with a three year term, 50/50 sync fee, 50/50 PRO income and a reversion clause IF the earned income did not exceed $300 in PRO money and/or sync fees. If that threshold was crossed, the library would own the song/cue in perpetuity. In essence they would own the copyright forever.

Read more

Home » library business

Key man clause

x
Bookmark

Brian Curtin, composer and MLR member, came by the other day to have lunch and we were discussing the music library business (what else!). We were discussing the fact that many of the recent music libraries that have sprung up are a one person operation or is dependent on one person to drive the company. So the question becomes what happens to the music if that person leaves the company, dies (God forbid), disappears, or just flakes? My thought was that back in the day I had a few contracts that had a “key man” clause. It basically states that if a particular person leaves the company, for whatever reason, the contract is null and void.

Anyone have such a clause in a contract? Curious.

X

Forgot Password?

Join Us