A
Ams
Guest
A) Recording Agreement
1. Territory: The World including their territories and possessions, and military bases and naval stores, wherever located.
2. Product Commitment: ("you") shall deliver exclusively to The Company for exploitation within the Territory, The following Master Recordings embodying the musical performances of the ("Artist");
Initial Contract Period: One Album containing the master recordings entitled "Please list” plus options, at The Company’s sole discretion, for up to two additional Albums ("Albums #2 and/or #3) The Company shall exercise its option for the next Album, if at all, within 90 days after the delivery of such Album, including any necessary release information, such as, for example, general label copy information, provided that The Company shall not be required to exercise its option for the next Album sooner than 180 days following the release of the immediately preceding Album.
3. Advances/Recording Funds, inclusive of all recording costs, remixing costs, sample costs and artist and producer advances:
Album #1: £50,000,
4. Royalties:
Albums - 16%, with 1% escalations, prospectively, at 500,000, 1,000,000 royalty bearing units
Major Territories - royalties shall be computed at 90% the otherwise applicable royalty rate for the record/use concerned.
Minor Territories - royalties shall be computed at 75% the otherwise applicable royalty rate for the record/use concerned.
Other Sales and Uses: For sales or uses of Masters other than at top price, through normal retail channels, the royalty rate shall be two thirds of the top-line rate for mid-price records and half of the top-line rate for budget records, but not more than 50% of The Company's net royalty receipt from any such uses. With respect to Masters included on compilation albums: if distributed by The Company, then the royalty rate shall be 12%, pro rata, of the applicable royalty base for the album concerned, computed on a most favored nations basis; if distributed by a third party record company, then the royalty rate shall be 50%, pro rata, of The Company's net royalty receipts from such use.
The foregoing royalties are "all-in," including producers, artist and any third parties, and are based on the net dealer price of Records sold hereunder and are pro rated and paid on 100% of net sales. Royalties will be computed subject to The Company’s standard Container Deductions of 15% for vinyl Records, 20% for conventional analog cassettes, 25% for compact discs and 30% for other configurations, including without limitation other distribution mediums. Royalties will be accounted semi-annually per The Company's normal procedures and will be subject to reasonable reserves, not to exceed the amount of shipped, but unsold product, as determined by OCC. Each accounting statement shall become binding, unless you shall advise The Company, in writing, of the specific basis of any objection to such statement within two (2) years after the date The Company mails such statement.
my question is...will they take 90% and give a royalty from that in major teritorys?
thanks
1. Territory: The World including their territories and possessions, and military bases and naval stores, wherever located.
2. Product Commitment: ("you") shall deliver exclusively to The Company for exploitation within the Territory, The following Master Recordings embodying the musical performances of the ("Artist");
Initial Contract Period: One Album containing the master recordings entitled "Please list” plus options, at The Company’s sole discretion, for up to two additional Albums ("Albums #2 and/or #3) The Company shall exercise its option for the next Album, if at all, within 90 days after the delivery of such Album, including any necessary release information, such as, for example, general label copy information, provided that The Company shall not be required to exercise its option for the next Album sooner than 180 days following the release of the immediately preceding Album.
3. Advances/Recording Funds, inclusive of all recording costs, remixing costs, sample costs and artist and producer advances:
Album #1: £50,000,
4. Royalties:
Albums - 16%, with 1% escalations, prospectively, at 500,000, 1,000,000 royalty bearing units
Major Territories - royalties shall be computed at 90% the otherwise applicable royalty rate for the record/use concerned.
Minor Territories - royalties shall be computed at 75% the otherwise applicable royalty rate for the record/use concerned.
Other Sales and Uses: For sales or uses of Masters other than at top price, through normal retail channels, the royalty rate shall be two thirds of the top-line rate for mid-price records and half of the top-line rate for budget records, but not more than 50% of The Company's net royalty receipt from any such uses. With respect to Masters included on compilation albums: if distributed by The Company, then the royalty rate shall be 12%, pro rata, of the applicable royalty base for the album concerned, computed on a most favored nations basis; if distributed by a third party record company, then the royalty rate shall be 50%, pro rata, of The Company's net royalty receipts from such use.
The foregoing royalties are "all-in," including producers, artist and any third parties, and are based on the net dealer price of Records sold hereunder and are pro rated and paid on 100% of net sales. Royalties will be computed subject to The Company’s standard Container Deductions of 15% for vinyl Records, 20% for conventional analog cassettes, 25% for compact discs and 30% for other configurations, including without limitation other distribution mediums. Royalties will be accounted semi-annually per The Company's normal procedures and will be subject to reasonable reserves, not to exceed the amount of shipped, but unsold product, as determined by OCC. Each accounting statement shall become binding, unless you shall advise The Company, in writing, of the specific basis of any objection to such statement within two (2) years after the date The Company mails such statement.
my question is...will they take 90% and give a royalty from that in major teritorys?
thanks
