[Fmpro] FMN JobWire Posting

[kirbyko3@aol.com]

<<As far as sync fees go, there are many libraries who keep them, and many who
share them. But in this case, the sync fee is a set fee (very, very low -
under $50)>>

Mark, are you saying that any placements this library makes will be a maximum of a $50 sync fee? I can't imagine that that's the case. A network promo, a placement in a reality show... those things garner more than $50 fee.

And while FMN can't legitimize or de-legitimize an industry, you can't deny that it doesn't help the cause at all.? 

Maybe an interesting thing for FMN to put together would be a comparison of all of the major production music libraries and their business models.? There are plenty of legit ones out there that are happy to split the sync fees and the publisher's share of performance royalty $$.? A great format would be "Highly Recommended"? "Recommended"? "Not the best deal in town"? "Avoid like the plague"

Kerry


-----Original Message-----
From: Mark Northam <mnortham at gmdgroup.com>
To: fmpro at nxport.com
Sent: Wed, 29 Aug 2007 5:49 pm
Subject: Re: [Fmpro] FMN JobWire Posting



Hi Kerry -

Thanks for the comments. If FMN only had the power to legitimize (or
de-legitimize) practices in this business it would be quite a day. Sadly, we
don't - not by a long shot.

To me, there are three revenue sources from a library deal - one short-term,
two long-term:

Short term: sync fee
Long term: writers share of performance royalties, publishers share of
performance royalties

Frankly, I'd much rather have the 2 long-term revenue streams and not have
to give up copyright, rather than the "traditional" library deal where you
get a small fee up front and they keep the copyright and publishing, and
maybe you'll get a share of the sync fees if they even are straight with you
about the accounting of them. Libraries love to keep those facts and figures
VERY confidential, and when they own the copyright, composers have very
little leverage or power to get a proper accounting of all the licenses.

As far as sync fees go, there are many libraries who keep them, and many who
share them. But in this case, the sync fee is a set fee (very, very low -
under $50) and there is far more potential in the performing rights fees, so
I'm comfortable with this deal - or we wouldn't have published the JobWire.

Mark Northam




On 8/29/07 2:40 PM, "kirbyko3 at aol.com" <kirbyko3 at aol.com> wrote:

> 
> I am blaming Mark for running that ad.? I feel like FMN -- the one voice
> that's out there being the squeaky wheel on behalf of us composers -- has just
> legitimized that practice.? It reaalllly rubs me the wrong way.



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