[Fmpro] Getty QQQQQQ's

[kirbyko3@aol.com]

PA doesn't own anything.? I'm guessing here that Getty bought PA - which includes its contacts, its existing market share, its potential for exploitation for future earnings -- all the same things that one would buy if they bought out any agency. If I was rich and wanted to buy Gorfaine-Schwartz, I would be buying it because they rep great composers and I'd stand to make a lot of money off of the POTENTIAL for their future growth, and the continued exploitation of their assets.?? There is no share of licenses to sell, because PA doesn't own any of the music.???? As a composer, I would loooooove to snag a share of that $42M purchase price -- but I honestly don't see how I'm entitled to it since I don't own the company, I didn't do any of their marketing over the last X number of years, I didn't spend time and sweat equity getting music placed -- they did the legwork and made me some $$ from it.?? To me, that's pretty straightforward.

Kerry


The business grows, they have sold e.g. millions of dollars of  
licenses..........  what did they sell to Getty?
Might it only be their share of the future income of their share of  
the licenses?




-----Original Message-----
From: LesHurdle <leshurdle at avradionet.com>
To: fmpro at nxport.com
Sent: Wed, 3 Oct 2007 4:42 pm
Subject: Re: [Fmpro] Getty QQQQQQ's



Hi Kerry,

I'm as dumb as a plank, but let me se if I can make this any clearer.

Pump Audio starts out with a blank piece of paper........ catalog, or  
in fact, NO catalog,  if you will.
Would that be a correct assumption?

They build a business.
The business is based on them licensing YOUR music.... they do not  
own it, would that be correct?

The business grows, they have sold e.g. millions of dollars of  
licenses..........  what did they sell to Getty?
Might it only be their share of the future income of their share of  
the licenses?

If they sold 'the business' in toto then they sold YOUR music, or at  
least the right for Getty to license your music.

Either way, had they not had your music [or anyone else's] what could  
they sell?

Re film etc.
I've never understood why film composers [and tv folk] don't go after  
their share of the mechanical when the product is sold or licensed  
over and over ad infinitum for years to come..........    
gazzillionsof dollars for which you the composer gets......  
zero.....  good business.
For them

L



On Oct 3, 2007, at 1:31 PM, kirbyko3 at aol.com wrote:

>
> Les, if one's agreement with Pump is that PA acts as agent for your  
> music, and their accepting your music doesn't guarantee usage, and  
> no payment is due you unless your music gets placed, why do you  
> think that I, as a composer, should get a percentage of the sale  
> price?
>
>
>
> That's like saying that if someone bought Gorfaine-Schwartz, every  
> composer they rep should get a percentage of the sale.? I don't see  
> the connection.
>
>
>
> Kerry
>
>
> -----Original Message-----
> From: LesHurdle <leshurdle at avradionet.com>
> To: fmpro at nxport.com
> Sent: Wed, 3 Oct 2007 4:19 pm
> Subject: Re: [Fmpro] Getty QQQQQQ's
>
>
>
>
>
> On Oct 3, 2007, at 12:51 PM, Mark Northam wrote:
>
>> But the question still
>> stands: what does PA exactly own?
>>
>> * Only a license?
>
> No the question still is, what did they sell the Getty folk;
> 1   A business model only?
> 2   YOUR product?
>
> If it's your product.. where is your share of the profit from the  
> sale?
>
> L
>
>
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