MUSC 108 - All You Need To Know - Chapter 14

MUSC 108 - All You Need To Know - Chapter 14 - MUSC 108:...

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MUSC 108: All You Need To Know  Chapter 14: Loan-out, Independent Production, Label, and Distribution Deals Loan-Out Deals Loan-out Corporations Called a loan-out because the corporation (not you) enters into the deals, and “loans’  your services to others for recording, concerts, etc. Shields individuals from liability if sued. o Only if being sued by someone other than the record company.  Record  companies make sure to put it in the deal that they can sue you individually. Can be an LLC, a general partnership, a limited partnership, a partnership of  corporations, etc. Artist   Loan-out Company   Distributing Record Company Inducement (Side) Letters A piece of paper saying that if your corporation does not perform by delivering  recordings, you will deliver them directly to the record company. Integral part of loan-out deals. Structure of Loan-Out Deals Very similar to contracts directly between the record company and artist (direct  agreements), except that: o The parties are the record company and the corporation, instead of the company  and you o The corporation agrees to supply your services and recording o There are additional legal clauses, which are basically assurances that the  corporation has the right to your exclusive services, that it has the right to deliver  your recordings, etc. o You have to sign an inducement letter saying that the loan-out is really a phony,  and if you or it try anything cure, you’ll perform directly for the record company as  if the loan-out did not exist. Independent Production Agreements What a major-distributed independent label signs with the major. Very similar to loan-outs, but the artist does not own the corporation in the middle.
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This note was uploaded on 04/11/2008 for the course MUSC 108 taught by Professor Scafide during the Fall '07 term at SUNY Oneonta.

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MUSC 108 - All You Need To Know - Chapter 14 - MUSC 108:...

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