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Hi everybody!
Is it normal that on top of getting 100% of the publisher share (which is standard) a library won’t split any licensing fee at all? Is it common and fair that my revenue would only come from the writer’s share? Also not all type of deals involve getting royalties at some point so in some cases they’d still make money while I woudn’t… All my contracts so far have a 50/50 sync. fee split so I wanted to get other opinions.Thanks!
No, it’s not normal and it’s not fair. I was offered a no sync fee contract once and said no.
You could be missing out on many thousands in sync fees for placements which will never make a cent in back end royalties. Your intuition on that is right.
Totally normal – BUT – the library usually is exclusive and buys you out up front for a large (ish) up front payment per song – in perpetuity.
No buyout was offered at all…
Then I’d agree with TBone – not fair. Find another library.
Yea, and just imagine what kind of people you’d be dealing with if they’re comfortable offering 0% sync fee, $0 up front buyout deals to “their” composers.