[Fmpro] Getty QQQQQQ's

[Scott Szabo]

They would if they were share holders but you (a PA composer) are not an
employee. A more viable comparison would be that you've created a TV series
for Viacom. You didn't sell the series but only licensed Viacom the right to
air the TV series on its network. 

Scott Szabo

-----Original Message-----
From: fmpro-bounces+scott=szabosoundandmusic.com at nxport.com
[mailto:fmpro-bounces+scott=szabosoundandmusic.com at nxport.com] On Behalf Of
kirbyko3 at aol.com
Sent: Thursday, October 04, 2007 9:39 AM
To: fmpro at nxport.com
Subject: Re: [Fmpro] Getty QQQQQQ's


I still don't get that thinking though.? So if Viacom paid 10 billion
dollars to acquire CBS (Getty "acquired" pump audio), then all of the
employees at Viacom should've been paid their fair share of that 10
billion?? 



Not that I'd complain, but....



Kerry


-----Original Message-----
From: Scott Szabo <scott at szabosoundandmusic.com>
To: fmpro at nxport.com
Sent: Thu, 4 Oct 2007 11:14 am
Subject: Re: [Fmpro] Getty QQQQQQ's





Let's see... $42,000,000.00 divided by 20,000 songs = $2,100.00 per song.
50/50 split on this license = $1,050.00 per song. Now that assumes that
Getty is simply buying the "music only" assets of Pump Audio. If Getty is
buying the company including all assets (i.e. buildings, computer networks,
trademarks, receivables, stocks, client lists, and inventory (read SONGS!!!)
then the number will have to be adjusted lower to reflect the value of the
other parts of the business. But the inventory (songs) definitely will have
a value attached to it in the "whole company sale" model. Simply divide the
new value of the "inventory only" number by 20,000 and again by 2. That will
give you the value of each song.


Scott Szabo



-----Original Message-----
From: fmpro-bounces+scott=szabosoundandmusic.com at nxport.com
[mailto:fmpro-bounces+scott=szabosoundandmusic.com at nxport.com] On Behalf Of
Scott Szabo
Sent: Wednesday, October 03, 2007 2:43 PM
To: fmpro at nxport.com
Subject: Re: [Fmpro] Getty QQQQQQ's

>From Dana from Serious Vanity Music [dana at seriousvanity.com]

"Getty Images has now launched a music licensing service, a move that
follows the recent acquisition of Pump Audio.  Getty, a massive repository
and licensor of visual assets, purchased Pump Audio in June to power a
diversification into music.  The $42 million buyout is now manifesting
itself as Soundtrack, a licensable collection of roughly 20,000 songs from
independent artists and composers."

>From kirbyko3 at aol.com

"...their agreement is a non-exclusive licensing arrangement with the
writers and master owners. They act as agent for your work that's in their
catalog. They keep 50% of the licensing fee and 50% of the publishing PRO
income.
You keep 50% of the PRO income and 100% of the writer's share of PRO."

>From Les

"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?"

_______________________________________________
The Film Music Pro List is sponsored by Film Music Magazine -
http://www.filmmusicmag.com

To edit your list options or unsubscribe, visit:
http://nxport.com/mailman/listinfo/fmpro



_______________________________________________
The Film Music Pro List is sponsored by Film Music Magazine -  
http://www.filmmusicmag.com

To edit your list options or unsubscribe, visit:
http://nxport.com/mailman/listinfo/fmpro


________________________________________________________________________
Email and AIM finally together. You've gotta check out free AOL Mail! -
http://mail.aol.com
_______________________________________________
The Film Music Pro List is sponsored by Film Music Magazine -
http://www.filmmusicmag.com

To edit your list options or unsubscribe, visit:
http://nxport.com/mailman/listinfo/fmpro