business-music_money_makeover/_subsections/music-production-company/v13-top missed gems in producer contract.org

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#+title: Top Missed Gems In Producer Contract
#+HTML_HEAD: <link rel="stylesheet" type="text/css" href="../../../_share/media/css/org-media-sass/categories/business.css" />
* Links
#+attr_html: :class links
- [[../../toc.org][TOC - Music Money Makeover]]
- [[https://youtu.be/Sr5Tjn7JWlU?si=ElS6hzLwH2mu9658][youtube video]]
* notes
** three phases of a producers contract
*** the royalty
- most people are only concerned with getting the Lease
- once you graduate to your first buyout you need to know this
- this is the fastest way to make money if you sold the master to a record label that knows how to promote
- after you recoup your advance, this goes to your pocket
*** record one clause
- gives your producer royalties from first record sold or first stream after producer advance is recouped
- gives a boost
*** sound exchange letter of direction
- get a soundexchange account
- you must send them a letter of direction to sound exchange tell them you want certain people to get a portion of their royalty
- producer
- writer
** if the artist or label doesn't agree
- 90% will
- the other 10%
- retards
- con artists
** tried going 50% and it didn't work
- because 15% is already pushing it
- get the three clauses massaged into the contract