Recording Agreements Demystified

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Do curso por Berklee College of Music

Fundações da indústria da música

1077 classificações

Berklee College of Music

Fundações da indústria da música

1077 classificações

Curso 1 de 4 em Specialization Music Business

This course has been developed to provide students with the latest instruction on the best way for creators, consumers, and facilitators to navigate the resurgence of one of the world’s most exciting industries: the music business. Three things are clear about today’s music industry: The consumption of music is expanding at the greatest rate in history and from the most portals ever imagined, the cost of producing music is decreasing, and the number of artists creating and seeking to expose their work and develop careers through the Internet has increased dramatically. Whether you’re a music creator, consumer, or facilitator of this process, you’ll want to understand the history, underpinnings, and basics of the music business. Course author John Kellogg—administrator, educator, entertainment lawyer, performer, and radio and television personality—offers students the opportunity to learn the fundamental principles of the developing new music business, for now and into the future. What you'll learn: -- The basic history of the music industry and today's business trends -- How recording agreements are formulated -- The basics of copyright law as it pertains to the music business -- The role of agents, managers, attorneys, and specific business entities

Na lição

Recording Agreements

This week, you'll learn the ins and outs of recording agreements and why they are important. You'll learn what royalties and advances are and how they are calculated. You'll also learn about 360 degree or "all-in" deals.

Recording Agreements Demystified3:32

Conheça os instrutores

John P. Kellogg
Assistant Chair
Music Business/Management

Welcome, everybody.

Welcome to lesson two.

Now this lesson is gonna be very interesting because it's gonna deal with

something that is very important, not only to record companies but

to artists as well.

And that is the Exclusive Recording Artist Agreement.

The Exclusive Recording Artist Agreement.

You know, during the later part of the last century, and

even into this century, there were a few corporations.

As a matter of fact, there's currently three major conglomerates that control

about 85 to 90% of the distribution of at least physical records.

Well, that's changing now with the internet which is so important and so

exciting for us as we grow into this digital age.

So you can have an artist, a musician,

that can create his own record, his own video.

Access it through iTunes.

As far as sales, for streaming purposes through YouTube.

Go through a major aggregator like CD Baby or Nimbit or

TuneCore to have all of the tunes placed in various, various digital outlets.

So it's important for even that individual musician

to be able to have a contract that really explains the rights and

obligations of his company to himself if he's his own artist.

For instance, suppose I decide to record a song and I could do that on my laptop.

And I could also create a video.

Well, I am in business then.

I have John Kellogg Music.

And it's important then for

that individual artist to sign a contract with this company, why?

Because contracts convey certain rights and obligations.

That are very, very important to the business.

So this lesson is gonna talk about those rights and obligations.

How an artist gets paid and

once again, I say every time their music gets played somebody gets paid.

That exclusive recording agreements determines how.

How much and how you're going to get paid.

So it's very important to understand the terms.

Now it's not rocket science, it isn't easy.

I remember when I first started practicing law and

I read my first recording agreement and I said I don't understand this stuff,

but I told myself I'm gonna read more and more of these agreements,

and I'm sure over time I'm going to have a better understanding.

Well it isn't rocket science, like I say.

So I'm gonna try to break down some of the terms and

you'll be able to see the contracts in the text.

And the text is written in a fashion where you have the legalese on one side, and

you have the annotation in other words, me breaking out what the legalese is saying

in layman's terms on the other side.

So at least read the layman's terms side of the agreement in the text so

that you have a better understanding.

Now, we also are gonna deal with what's happening in the digital age,

how contracts are evolving and what's gonna happen in the future.

What you need to look out for, what you need to be a part of lobbying to make sure

that artists and companies and creators are fairly compensated for

these works as the digital age is exploding and

as these works are being used in so many different fashions.

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