Library changing its business model

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This topic contains 5 replies, has 3 voices, and was last updated by  Tim-b 2 weeks, 1 day ago.

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  • #31576 Reply

    St0rMl0rD
    Participant

    Hi everyone,

    I have a question, or perhaps looking for some insight regarding a situation, where I have contributed a decent amount of tracks to a library, but they have now changed their model. It started with the fact that there would be a usual 50/50 split, even though they are a royalty-free library (what would I even get then, in terms of royalties?). Now, they have changed their model to offer all music for free to anyone to use, as long as they credit the library. Unfortunately, I haven’t signed the contract yet, but the 50/50 split will still apply.

    Thanks everyone!

    #31577 Reply

    Art Munson
    Keymaster

    I would pull all my tracks from them. Mind letting us know what library this is so we can warn other composers?

    #31578 Reply

    St0rMl0rD
    Participant

    I got upfront payments for those tracks, so not sure I can do that; we had a verbal agreement. A pretty complicated situation, as you can imagine.

    #31579 Reply

    Art Munson
    Keymaster

    I got upfront payments for those tracks, so not sure I can do that; we had a verbal agreement.

    The dangers of verbal agreements!

    #31581 Reply

    St0rMl0rD
    Participant

    Yep, hard lesson learned.

    #31585 Reply

    Tim-b
    Participant

    If your financial situation allows it you could give them back the advance and take the songs elsewhere. Yes it was a verbal agreement but that was based on their previous business model, they changed their minds so you can as well in my opinion.

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