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Art – you don’t find that you “compete” against yourself in various libraries using the same names?
I didn’t even know there were publishers that didn’t have BMI, ASCAP and SESAC publishing companies in the US.
I get paid on Fox Business and Fox Sports.
<<sigh>>….
I’ll comment no more other than to say you’d better hedge your bets and rely on your own personal experience over puff piece articles in a magazine.
I think that model is risky for your investor.
A properly produced and distributed album can make around 5000 pounds per year during a ten year period.
That is the most speculatively insane thing I’ve heard. I’ve had albums that were fought over by the top majors that have ended up doing nothing. And yes, by nothing I mean $0 so far. (3+ years now) In addition, the strengthening of streaming vs. broadcast is also killing off royalties.
A risky time to be entering this biz.
But one thing makes me curious. Why do you even need an investor? That’s the job of the library to fund expensive projects. I didn’t read the article. I’ll try and do that now, but IMO, it’s full of pipe dreams if it’s telling you that every properly produced album makes 5000 pounds a year.
well…..bast*** (without ***) is actually a legitimate word in the english language describing :
: something that is spurious (see SPURIOUS sense 3a), irregular, inferior, or of questionable origin
Didn’t seem like swearing to me – it seemed appropriate for my post, but whatever. I’m used to posting all over the internet without losing posts. Except here where I’m batting roughly .600 or so – which I guess is pretty good. (It would be good if a Dodger could bat that well….). But please, forgive my petulance. I’ll take 100% responsibility for not using a secondary app to assemble my posts.
Too bad. My sandbox, my rules!
I;ve got no problems with that. And I’ve got no problems with a zero tolerance to swearing.
But the phrase “poor bas**** stepchild” I didn’t consider “swearing”. It’s a phrase in common use. But whatever. I’ll try to be more careful, or I’ll just not post anything remotely controversial in that respect.
LAW, You need to save your mlr posts before you post! Make that a habit.
Old habits die hard, And as mentioned, it’s not my sandbox…..so others loss is not my problem.
If things were distributed ‘black and white” (as they should be) there would be no reason to obscure and hide the accounting methods as all PRO’s do.
On that note, I had a previous post that got nuked into the netherworld. I think because I said that production music is the poor bas**rd stepchild of the PRO environment.
Ridiculous that that was considered as swearing by the “filter” on this site. But…oh well….
but i take it some sports networks pay peanuts and PRO’s just don’t bother to collect these royalties.
Oh they COLLECT. Now payout as you have seen is another matter. But you can be assured that all the PRO’s collect. How much they collect is a shrouded mystery though, so it’s hard to know how much we are losing.
For the record, I am not a CPA.
Maybe not, but you pretty much nailed it.
Personally, I eat, breathe and sleep music – therefore so much of my income is related – and therefore tax deductible. So much so that I rarely pay heavy taxes. Also, I’m a freaking gear junkie, so there seems to be no end to write-offs. 🙂 I always tell my wife I need that new guitar / compressor / keyboard controller / mic / speaker set / “____fill in the blank____” cause otherwise we’ll be paying more taxes. 🙂 🙂
Again, I’m not a CPA either, but royalty income is not charged SS taxes if I recall. Neither is “rental” income. Being heavily based on those two things as my principle income(s) – royalties and studio “rentals” – has drastically reduced my tax burden over the years. Then again, as I look forward to retiring from this rat race, my SS payout WILL suffer.
Pay the man and sleep easy.
Sweet. Look forward to checking it out. Worked for his record co back in the day.
I’ve been putting off watching it after reading his disparaging remarks regarding the Beatles and other artists. I was almost wondering if he was getting dementia or something….
Will get around to watching it soon. Thanks.
One thing to consider – I’m seeing a new trend over the last couple of years. What I’m finding now is that cues are used for one season, then discarded. They want completely new stuff for the next season. If you loose the ability to manage your cues in perpetuity, then you are hosed.
I’m ending up writing almost identical cues every year now. In fact, they send me my own cues from the last couple of seasons and ask me to do more like those. And effectively, they are the same cue, rehashed with minor changes. Dumb. And yet…..
Ownership of your music is a critical long term strategy. Unfortunately, it sometimes make it hard to move forward in the short term. Judge wisely.
$50 seems to be the new number that companies are throwing around.
If you want your music smashed, then mix through the stems mixes into your stereo mix as I described above. Put your processing on the stems instead of the 2 mix. You’ll have more flexibility, and the sum total of your stems WILL equal a smashed 2 bus mastered mix with no processing required on the 2 bus.
for those requiring heavy compression / limiting to their music, this is the best of both worlds. If you’re using hardware to accomplish your sound though, this is pretty difficult to do without a LOT of outboard. There can be no cross pollenization of verbs, delays, etc., and you need enough hardware for multiple stems, so I’d say that in all but the most simple of stem mixes, this is unrealistic. (Hardware processing that is….)