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minkusParticipant
Cheers Art.
minkusParticipantUpdate: So thanks to Rob for helping me with the contract.
I contacted the company concerned – they do not pay a buyout fee, expect you to sign your track/s with them in perpetuity and you only get a half-share of the royalty.
This sucks in my opinion, so I’m going to pass.
The name of the company … [ta-daaa] … Synctracks
minkusParticipantThanks guys. Fair answers and much food for thought.
DI – wasn’t suggesting a crusade against these companies, just kind of skirting around their rules, playing them at their own game etc.
All the best.
minkusParticipantHey all – sorry for the delay; I’m on Greenwich Mean Time and expect you’re all on US time.
Rob – thank you for your offer. I’ll send an email after I’ve posted this.
OK I will not post the contract.
I should say that my theory that they keep the sync fee (and I would only get a share of the back-end) is based not on my reading of the contract. In that it’s unclear – hence my need for advice.
Rather it’s based on what I’ve read about said company on this site!
Anyway, I will post Rob the contract now and perhaps once we get to the bottom of it, I’ll re-post the result.
One more thing to add – this is a great resource.
minkusParticipantYeah. Does anyone mind if I paste the content of the contract they’ve sent across?
minkusParticipantInteresting conundrum here: I attended a PRS meet ‘n’ greet in London a few months ago where they talked us through their new website.
They had a section for unclaimed royalties – where you can scan through their list of uses unclaimed. I browsed through this an found one of the top earners on Soundcloud. He was missing out on some serious cash – multiple thousands of UK £s.I wrote to him through soundcloud.
Turns out he’d sold the music to a Swedish RF company (Epidemic I think). They buy the music from you for an upfront fee. It’s not clear whether they take PRO-registered composers. I read somewhere they don’t – though their website FAQs say the buyer (of the music) does not have to pay PRO but this does not apply for agreements a TV station may have with any domestic PRO.
The piece he’d composed had been used by a UK terrestrial TV station as an ident, hundreds an hundreds of times.
Does anyone know if he could have claimed the cheque (check)?
I asked him to let me know as a finders fee (if he got the money). He’s so far not been in touch.
minkusParticipantWith regards to your answer, should I therefore be registering all the tracks I’m uploading onto RF sites with my PRO company?
minkusParticipantThanks everyone. It’s the performance royalty – my mistake.
Here ’tis.
We pay the composer 50% of the download fee for each track that is used by our clients. Of any performance royalties earned as a result of usage, we share these with you 50/50, so again 50% to you and 50% to us.
minkusParticipantYes I read those; thanks.
Nothing there really answered my question about scattergun approach vs discerning approach.
My gut is the discerning approach – as in give the exclusives time to reject my music then move on to some others.
Anyone got a view on this?
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