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I’ve read some comments in various library reviews on this site that people were okay-even happy to give up potential sync fees to some libraries in exchange for a single upfront payment. (Some saying about $100 per track as the upfront fee)
To me this seems insane, or am I the crazy one?
I’ve only worked with one small music library. I’ve only landed one custom pitch with them, which had no upfront fees, but then it paid $4800 USD as my half of the sync fee (the deal with them is a 50/50 split on sync fees). And then it also paid that much money as a residual payment in the following two years, so a total of about $14,400 USD.
This is the only sync I’ve had with this library. I also have about 20-25 tracks in their library. If I’d waived away my sync fee split, and instead accepted upfront fees for my approximately 20-25 tracks with them I’d have $2500 in my pocket, a lot less than $14,400.
Thoughts?
Sync buy-outs with the biggest libraries are often as much as $1000 per track. Over the years I’ve even seen a few offers more than that.
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