Contracts and Legal Issues
Contracts and Legal Issues RIM 4700
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This 1 page Class Notes was uploaded by Ms. Karli Schneider on Wednesday September 23, 2015. The Class Notes belongs to RIM 4700 at Middle Tennessee State University taught by Ramona DeSalvo in Fall. Since its upload, it has received 23 views. For similar materials see /class/212978/rim-4700-middle-tennessee-state-university in Music Industry at Middle Tennessee State University.
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Date Created: 09/23/15
RIM 4700001 Legal Problems of the Recording Industry Spring 2011 Test 2 Dr DeSalvo REVIEW TEST 2 Be able to calculate a producer s penny rate Be able to calculate the number of units that need to be sold to recoup recording costs Be able to calculate producer royalties based upon the number of units sold while using varying payment times and recoupment rates Artist rate vs all in rate paid on units sold after recoupment vs paid on units retroactively 7 you do not have to explain why prospective royalty payments are bad for producers and retroactive is good for producers Know what prospective and retroactive means when it comes to producer royalties Know the difference between all in and net rates Know your various deals that can be made between producers and major labels production companies or indie labels and major labels and artists and producers Know the pros and cons for an artist signing with a production company Know how musical compositions andor sound recordings andor audiovisual are licensed for samples in new recordings Know if a person using a sample must obtain a mechanical license and from whom and at what rate the musical compositions andor sound recordings will be licensed by the copyright owners Be able to explain how foreign licensing works who pays mechanicals who pays royalties and to whom what does artist get paid What is a typical licensing fee What are the reasons an artist sets up a loan out company Terms Letter of inducement Joint venture Sell off period FSO Big 4 distributors and who they are Artist development deal Major indie distributors and who they areSample interpolation Pass through clause in producer agreements Production deal Letter of direction Loan out company artistowned vs third party owned