[Fmpro] 10% Wholesale (!) Royalty on Compositions on a CD? Ripoff?

[James Ryan]

My last record contract was 14% of retail and a very decent advance, plus a
publishing advance....this for an unknown band (damn good one, but still,
unknown), and the deal was with a major label.  Indies like your friend
should give a whopper of a % since they have neither the major distribution
nor promotion budget, nor money for an advance.  Also, from what you say,
you laid out the cash for the recording.  Usually the record co does this.
I would say thanks but no thanks if she doesn't up the ante considerably.

James


On 5/8/07 9:57 PM, "BizZVanWa at aol.com" <BizZVanWa at aol.com> wrote:

> Hi,
> 
> Someone I know from work, who actually does make significant money marketing
> CDs and books to local organizations (churches, schools, etc) wants to put out
> a CD of my original instrumental tunes.
> 
> I've already recorded these, paid players (well) in a buyout, and produced
> the recordings. (Did the copying, too, of course.)
> 
> The contract this acquaintance has given me (something she bought in a
> collection of publishing and record co. contracts) calls for the writer to get
> 10% 
> of wholesale for each CD sold.
> 
> Seems like the last I heard, the going rate was more like 10% of retail.
> 
> I know enough about music contracts to figure out where the other bad parts
> of the contract are, but am I right about retail? Thanks
> 
> Seth Wittner
> 
> 
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