Join Richard Stim for an in-depth discussion in this video Producer agreements, part of Music Law: Recording Management Rights and Performance Contracts.
- A producer is a professional who directs…the recording in mixing sessions.…Most producers are paid a fee for their work…and receive a percentage of the income from their recording.…Producer agreements typically come in three major flavors.…The first type is a record company, producer agreement.…In this arrangement, a record company hires…a producer to produce his song or an album.…Even through the record company hires the producer,…the payment typically comes from the artist.…That is the record company pays the producer…and then later deducts that cost from the artist royalties.…
The royalties that are paid to the producer…often, in addition to the producing fee,…are also usually deducted from the artist royalty.…So for example, if the artist is getting…a 15 percent royalty, the artist may have to pay…three percent or four percent of that to the producer.…This type of production agreement usually…includes a few major components,…including the producer assigns copyright to the label,…the producer takes on specific administrative tasks,…
For example, when it comes to record contracts, it's important to know how advances and royalties work, how to maintain creative control, and what happens when a member leaves a band. Rich also tackles management contracts, describing what managers can do for you—and what to do when you need to let them go. Next, he explores the basic terms, riders, and payment options in performance contracts. Then learn about releases, artwork permissions, publishing and producer agreements, and other types of legal arrangements. Rich wraps up the course with a discussion of oral agreements, attorney fees and roles, and five basic rules worth remembering for every music contract.
DISCLAIMER: This course is taught by an attorney (or other instructor) and addresses US law concepts that may not apply in all countries. Neither LinkedIn (including Lynda.com) nor the instructor represents you and they are not giving legal advice. The information conveyed through this course is akin to a college or law school course; it is not intended to give legal advice, but instead to communicate information to help viewers understand the basics of the topic presented. The views (and legal interpretations) presented in this course do not necessarily represent the views of LinkedIn or Lynda.com.
- Why bother with a contract?
- Understanding terms, options, royalties, and deductions
- Making provisions for marketing
- Including warranties and indemnity clauses
- Hiring a manager
- Understanding performance contracts
- Getting permission to use samples
- Creating a band partnership
- Record keeping
- Going through mediation or arbitration