63 lines
2.9 KiB
Org Mode
63 lines
2.9 KiB
Org Mode
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#+title: Description: sound exchage LOD
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#+HTML_HEAD: <link rel="stylesheet" type="text/css" href="../../_share/media/css/org-media-sass/categories/business.css" />
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* link
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- [[../_subsections/music-production-company/v08-producer_contracts.org][producer contracts]]
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* SoundExchange LOD in a Music Producer Contract
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** What is a SoundExchange LOD?
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A *Letter of Direction (LOD) for SoundExchange* is a formal document signed by an artist, directing **SoundExchange** (the U.S. organization responsible for collecting and distributing digital performance royalties) to pay a portion of royalties to a producer or another third party.
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** Why is an LOD Important?
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- Ensures that the *producer receives a share* of **digital performance royalties** from non-interactive streaming services like Pandora, SiriusXM, and web radio.
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- Since SoundExchange only pays **artists and labels**, an LOD is necessary for a producer to be paid directly.
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- Without an LOD, the artist receives all royalties and must pay the producer manually.
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** How an LOD Works
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1. *Producer & Artist Agreement*: The producer's contract includes a percentage of digital performance royalties.
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2. *Artist Signs the LOD*: The artist fills out and signs a **SoundExchange Letter of Direction**, specifying the producer’s share.
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3. *Submission to SoundExchange*: The LOD is sent to SoundExchange for processing, and upon approval, the producer starts receiving their share directly.
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** Sample SoundExchange Letter of Direction (LOD)
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#+BEGIN_SRC text
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[Artist’s Name]
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[Artist’s Address]
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[City, State, Zip Code]
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[Email]
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[Date]
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SoundExchange
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733 10th Street NW, 10th Floor
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Washington, DC 20001
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Subject: Letter of Direction to Pay Producer Royalties
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To Whom It May Concern,
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I, [Artist’s Name], am the Featured Recording Artist registered with SoundExchange for the sound recordings listed below. I hereby direct SoundExchange to pay [Producer’s Name] ([Producer’s SoundExchange Member ID, if applicable]) a percentage of my digital performance royalties for these recordings, as detailed below.
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**Sound Recordings:**
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1. "[Song Title 1]" - [ISRC]
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2. "[Song Title 2]" - [ISRC]
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3. "[Album Title]" - [ISRC] (if applicable)
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**Royalty Percentage to be Paid to Producer:**
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- [X]% of the featured artist’s digital performance royalties
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By signing below, I authorize SoundExchange to make the above payments directly to [Producer’s Name] and acknowledge that this direction is irrevocable except by mutual written agreement.
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Sincerely,
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[Artist’s Signature]
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[Printed Name]
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**Acknowledged and Agreed:**
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[Producer’s Signature]
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[Printed Name]
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#+END_SRC
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** Additional Notes:
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- The ISRC (International Standard Recording Code) helps identify the exact recordings.
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- The artist must be a **registered member of SoundExchange** for this to be processed.
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- This LOD is **only for digital performance royalties**, not mechanical or publishing royalties.
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