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Something worth considering is that very rarely does a business open with its final offer. If they are legit, then contacting you out of the blue with $28k means it must be worth a hell of a lot more to them than $28k to have those tracks. You may not want to push it this first time, but I wouldn’t be surprised if you could ask and get more from them than that inital offer.
I’ve signed over tracks to libraries in the past for up front money, but I always retained some % of license fee income (usually 30-50%) as well as my half of total broadcast royalties.
I expect you will keep 100% of writer’s share. It seems very unlikely they’d make a contract with half your share plus their full publishing share going to them. Let us know what you decide and congratulations!
The best way we can all avoid this happening is to name and shame the libraries that give gratis, and/or blanket licenses – especially those that don’t share any of a blanket license with composers. In my time reading this site I have noticed various libraries cropping up as doing this, and as a result I will not submit my music to them ever. If more of us can do this we have the chance to make things better for ourselves.
I understand More Advice is very angry right now, but $2k/month is obviously not the best you can hope for. As already stated in that same post, look at Dan P’s 100k a year just from RF.
Can you PM me the name of the library? Or better still, can you post it here so we can avoid?
Never had a sale on pond5 or audiosocket with a few tracks there for a couple of years.
Big exclusive libraries have done much better for me.Yes I did. And I had to make sure it said specifically something to do with royalties which I can’t remember. Ask the IRS for the correct wording. I got it wrong the first time and had to reapply.
Woooo hold on there.
ALL THE BELOW IS JUST MY LAYMAN’S EXPERIENCE
Tucker, you are UK based and apparently there is a treaty with the US to avoid the US’s “withholding tax” (not sure it is 30% for UK, might be 20%). You need to get an ITIN from the IRS, which you can do by filling in a form, and sending that with a notarized copy of your passport to the IRS. The easiest way to do this is at the IRS office in the US embassy in London – they will help you a lot and also notarize your passport for free. Not many people know this. I got my ITIN exactly this way.
I think you can also set up a corp and get an EIN. Up to you. Either way, you absolutely do not have to pay that tax, assuming it’s withholding tax. That’s what I was told.
I do belive the composers making 150k with 100 tracks are playing in a different league than I am.
Might be so, but remember with the internet you’ve got nothing to lose sending your material to the ‘big’ libraries. You might be surprised, or perhaps it’s as simple as you fill a certain niche they’re desperate for at that time.
All the best.
Yes Edouardo, I reckon that does impact it.
Without getting into a non-ex or ex argument, from my experience and those of others I know: library composers make more money from exclusive libraries and they can make more with fewer tracks. Of course, it depends which library.
It depends hugely on:
Who represents your tracks
How good your tracks are
The genres you write in
LuckThere are people out there with 100 tracks, making $150k a year. There are people with 1000 tracks, making the same amount.
So YMMV… big time
Wow… really that looks phenomenal. Very different as well to the usual sample libraries.
I’m checking out their whole range now!
The Native Instruments deal is absolutely insane. 50% off Komplete Ultimate. If you have just one NI product already, the overall price to crossgrade is seriously amazing.
I’m being quoted 375 Euros to get Komplete Ultimate today and I only have Reaktor which I bought ages ago.
Art, do you have a soy turkey?!
So, JP took the time to inform its composers of this no doubt.
Man I’m glad I don’t have any tracks with them.
And this is after they were exposed for having the founders tracks at the top of every search or something right?!
I don’t know if there are other details I’m missing but if it’s as clear cut as the following: They have paid your cowriter but not you, and it’s been 6 weeks since the payment date, and they will not reply to your repeated emails and calls – then that is completely unacceptable and I believe it is time that you a) name the library by posting in the members’ section on the relevant library listing and b) seek legal advice as you have done already.
I for one would be grateful to know which library this is so that I can avoid them. And by posting on the library listing you keep within the forum’s rules.
So they haven’t actually paid you for this placement, but they have paid your cowriter? Is that correct?