[Fmpro] PA holdings

[LesHurdle]

Hi Scott,

Everyone seems to be held up on what the license is that PA  
'owns'.........  surely one of the big things PA sold is their half  
of the publishing?
E.G.
If PA owned/owns 1/2 of the publishing on a cue in Everybody Loves  
Raymond, or even better a Star Trek cue.......

1	they would own the 'right' to collect 1/2 of the publishing for Life 
+70
2	this would mean all future broadcasts/downloads/CD's/DVD's etc  
around the planet in perpetuity
3	all future sync fee's via language overdubs etc **	
4	all broadcast mechanicals

This is where the ready money is for Getty.

L

** just because a composer may pull the title from PA after 2 years  
doesn't mean the ongoing sync rights cease.
This is the cash cow.


On Oct 4, 2007, at 8:14 AM, Scott Szabo wrote:

>
> 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?"
>
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