I just got a similar offer on the table from an executive music production company with some apparent ties to major movie and TV players. I am just starting out in music licensing and they reached out to me after discovering some tracks I had posted online. I have zero tracks in libraries or anything at this point, so I could use some help and I’m not sure if this is a fair deal.
1) It’s a non-exclusive agreement in that I can put tracks elsewhere, but each track I do provide to them is exclusive for perpetuity.
2) Myself and Company “co-own” the masters. All revenues (royalties, sync, mechanical i.e. gross receipts) are split 50/50 with writer share 100%.
3) No advance
4) Company has right to administer all tracks