[Fmpro] Getty QQQQQQ's

Wed Oct 3 23:01:34 GMT 2007

They sold the business. The business consists of their
contacts and contracts. I'm sure somewhere in the
contract that composer's signed it said that Pump had
the right to transfer the agreement to a third party.
They've exercised that clause.

If Composers don't like it, they can pull out of their
deals. So Getty kinda bought a house of cards and
hoped it would continue to stand. And, it probably
will as long as Composers keep getting their Pump
checks.

Pete

--- LesHurdle <leshurdle at avradionet.com> wrote:
> I'm going to presume that your release of energy is
> at best similar  
> to a fart on a windy day.
> 
> Legal grounds, I don't think I know, but so far I
> still don't know  
> what PA sold.
> 
> I have to presume they sold the derivative rights to
> the product they  
> 'managed'.
> 
> If so, then 'you' as the copyright holder had no
> rights [to object or  
> be paid]...........  my guess is they either new
> this when they had  
> you sign the deal [and I'm sure they did since most
> businesses are  
> started in order to be sold] or they just assumed
> none of you guys  
> would do anything... which appears to be the case.
> 
> L
> 
> On Oct 3, 2007, at 3:01 PM, kirbyko3 at aol.com wrote:
> 
> >
> > NO WAY!? ARE YOU KIDDING ME? Pump Audio
> WON??!!!??? AND THEY WERE  
> > SUPPOSED TO ASK ME FIRST BEFORE THEY SOLD THE
> COMPANY???? oh MAN  
> > i'm really PISSED!!!!! And i don't even have a LEG
> TO STAND ON?????  
> > NO f'IN WAY MAN!!!!!!!!!!? oh DAMN!!!!
> F%*#@((%*!!!
> >
> >
> >
> > Les, I need your help here. What's the legal
> grounds on which I  
> > should go to Pump now, because I want my cut of
> that 42 million!?  
> > Please respond ASAP. I'm guessing there are some
> other composers on  
> > here who want to know the answer as well.
> >
> >
> > Kerry
> >
> >
> >
> >
> > -----Original Message-----
> > From: LesHurdle <leshurdle at avradionet.com>
> > To: fmpro at nxport.com
> > Sent: Wed, 3 Oct 2007 5:52 pm
> > Subject: Re: [Fmpro] Getty QQQQQQ's
> >
> >
> >
> >
> > Did PA ask any of the composers if they wanted to
> be 'sold'?
> > Did PA ask if copyright 'usage' could be traded?
> > Did you assign your product/copyright to Getty...
> NO, then go get
> > money from them !!
> >
> > You good folks were sold out and you did not have
> one leg to stand on
> > even though you owned the product...... wow, PA
> wins.
> >
> > L
> >
> > On Oct 3, 2007, at 2:15 PM, kirbyko3 at aol.com
> wrote:
> >
> >> They sold their business: their rolodex; their
> existing penetration
> >> into this industry; their past history and
> reputation and their
> >> future earnings; their good will in dealing with
> broadcaster
> >> clients; their fantastic catalog that sounds
> nothing like your
> >> Grandma's music library. I'm guessing that what
> Getty bought was a
> >> fully-established and user-friendly business that
> has HUGE earnings
> >> potential in the future, and Getty wants to
> exploit that and be
> >> able to keep every red cent that they make off of
> it.
> >>
> >> Kerry
> >>
> >>
> >> -----Original Message-----
> >> From: LesHurdle <leshurdle at avradionet.com>
> >> To: fmpro at nxport.com
> >> Sent: Wed, 3 Oct 2007 5:07 pm
> >> Subject: Re: [Fmpro] Getty QQQQQQ's
> >>
> >>
> >>
> >>
> >> On Oct 3, 2007, at 2:01 PM, kirbyko3 at aol.com
> wrote:
> >>
> >>> And if PA sublicensed its catalog to another
> entity in exchange for
> >>> a set fee, and that agency then placed that
> music, then the
> >>> composer WOULD get a cut of that overall fee if
> their music was
> >>> used. I would encourage you, if you have access
> to a music biz
> >>> lawyer via FilmMusic.net, to download a copy of
> their agreement
> >>> from their website and have someone pick it
> apart.?? I'm happy to
> >>> relay my experience with Pump Audio, but I
> didn't intend for this
> >>> thread to become a defense of them.? Sometimes
> there ARE "good-
> >>> guys" in the world, and I happen to think that
> PA is one of them.
> >>
> >>
> >> Agreed Kerry,
> >>
> >> There are good guys CD Baby appears to be one.
> >>
> >> However, if PA doesn't own any product, what on
> earth did they sell?
> >>
> >> L
> >>
> >> _______________________________________________
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> >>
> >>
>
_____________________________________________________________________
> 
> >> _
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> >
> >
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______________________________________________________________________
> 
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> 
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