record contracts review
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Record Contracts Review. MUM 2700 Professor Calle. Rules. Class will be split into 6 groups. You will have 15 seconds to confer with your group and answer the question. Correct answers will be awarded a golf ball. The group with the most golf balls at the end wins the prize. - PowerPoint PPT PresentationTRANSCRIPT
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Record Contracts ReviewRecord Contracts Review
MUM 2700Professor Calle
MUM 2700Professor Calle
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RulesRules Class will be split into 6 groups. You will have 15 seconds to confer with
your group and answer the question. Correct answers will be awarded a golf
ball. The group with the most golf balls at
the end wins the prize. You may not throw the golf balls.
Class will be split into 6 groups. You will have 15 seconds to confer with
your group and answer the question. Correct answers will be awarded a golf
ball. The group with the most golf balls at
the end wins the prize. You may not throw the golf balls.
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11
Define cross-collateralization. Define cross-collateralization.
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22
If you are profitable, your position is known as a _______ position?
If you are profitable, your position is known as a _______ position?
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33
What does A & R stand for? What does A & R stand for?
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44
What is the contractual definition of a “record” since the 1960’s?
What is the contractual definition of a “record” since the 1960’s?
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55
A rough mix, a hard drive containing audio files & Pro Tools sessions, 2-inch reels or the final mix are all known as a
_ _ _ _ _ _.
A rough mix, a hard drive containing audio files & Pro Tools sessions, 2-inch reels or the final mix are all known as a
_ _ _ _ _ _.
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66
This record company preset amount determines the base for the artists royalties.
This record company preset amount determines the base for the artists royalties.
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77
What is the standard packaging deduction?
What is the standard packaging deduction?
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88
A mini-major does everything a major does except what?
A mini-major does everything a major does except what?
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99
Traditionally, records contain how many masters?
Traditionally, records contain how many masters?
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1010
A record company not owned or controlled by a major is called an?
A record company not owned or controlled by a major is called an?
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1111
1 point = 1 _? 1 point = 1 _?
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1212
You are issued a sum of money and asked to record and deliver a finished product. The amount issued to you is called an ___________?
You are issued a sum of money and asked to record and deliver a finished product. The amount issued to you is called an ___________?
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1313
The deduction for free goods is? The deduction for free goods is?
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1414
Reserves are necessary to offset _______?
Reserves are necessary to offset _______?
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1515
The current standard return privilege is?
The current standard return privilege is?
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1616
The standard return privilege until the 1980’s was?
The standard return privilege until the 1980’s was?
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1717
True or False The base price or royalty base for
CDs is computed this way: SRLP - packaging.
True or False The base price or royalty base for
CDs is computed this way: SRLP - packaging.
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1818
Which record company, located in Beverly Hills at the old home of Charlie Chaplin, demanded the “90% of net sales rule” in order to account for breakage?
Which record company, located in Beverly Hills at the old home of Charlie Chaplin, demanded the “90% of net sales rule” in order to account for breakage?
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1919
A new artist is described as someone having sold less than __________ records?
A new artist is described as someone having sold less than __________ records?
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2020
500,000 U.S. copies sold. 500,000 U.S. copies sold.
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2121
1,000,000 copies sold. 1,000,000 copies sold.
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2222
Define the term recoupable. Define the term recoupable.
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2323
What percentage of mechanical royalties is the controlled composition reduction?
What percentage of mechanical royalties is the controlled composition reduction?
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2424
Define the all-in royalty rate. Define the all-in royalty rate.
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2525
Compute the mechanical royalties owed to a publisher for a song of length 8:34.
Who determines if an option is exercised?
Compute the mechanical royalties owed to a publisher for a song of length 8:34.
Who determines if an option is exercised?
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2626
Define the net royalty rate. Define the net royalty rate.
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2727
Which of these should you negotiate in your contract:
A retroactive escalation A prospective escalation WHY?
Which of these should you negotiate in your contract:
A retroactive escalation A prospective escalation WHY?
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2828
Min/Max formulas are called _____ & _________ in the Passman book.
Min/Max formulas are called _____ & _________ in the Passman book.
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2929
When the company accepts your record because they feel it properly represents you and will therefore sell, the record is said to be _________ satisfactory.
When the company accepts your record because they feel it properly represents you and will therefore sell, the record is said to be _________ satisfactory.
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3030
The number of records an artist will record during the term of the contract is determined by what factors?
The number of records an artist will record during the term of the contract is determined by what factors?
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3131
Which of these should you negotiate into your demo deal, calendar days or work days?
Which of these should you negotiate into your demo deal, calendar days or work days?
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3232
Discuss trends involving second albums?
Discuss trends involving second albums?
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3333
These fees are paid as compensation for the use of the intellectual property.
These fees are paid as compensation for the use of the intellectual property.
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3434
In a demo deal, the contract guarantees the record company what important right?
In a demo deal, the contract guarantees the record company what important right?
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3535
When the company accepts your record because they determine it was professionally recorded and produced, the record is said to be _________ satisfactory.
When the company accepts your record because they determine it was professionally recorded and produced, the record is said to be _________ satisfactory.
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3636
The current statutory mechanical rate is in effect until the year _____?
The current statutory mechanical rate is in effect until the year _____?
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3737
30 work days = _____ weeks 30 work days = _____ weeks
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3838
Your video cost the record company $150,000 to produce.
How much of that money is recoupable by you?
Your video cost the record company $150,000 to produce.
How much of that money is recoupable by you?
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3939
What company and digital recording product first afforded musicians and producers the ability to produce professional recordings in their home studios?
What company and digital recording product first afforded musicians and producers the ability to produce professional recordings in their home studios?
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4040
What does an independent promoter do?
What does an independent promoter do?
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4141
The constructed retail price is computed this way:
____ % of the wholesale price.
The constructed retail price is computed this way:
____ % of the wholesale price.
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4242
Which is usually higher, the constructed retail price or the SRLP?
Which is usually higher, the constructed retail price or the SRLP?
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4343
The record company spends $100,000 on tour support. How much is recoupable by the artist.
The record company spends $100,000 on tour support. How much is recoupable by the artist.
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4444
Define the concept of the “term of a contract”.
Define the concept of the “term of a contract”.
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4545
How long does it take to produce a studio album?
How long does it take to produce a studio album?
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4646
A mid-level artist has sold how many units?
A mid-level artist has sold how many units?
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4747
What is the standard artist-points range for a new artist signing with an independent record label?
What is the standard artist-points range for a new artist signing with an independent record label?
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4848
What is the standard artist-points range for a new artist signing with a major record label?
What is the standard artist-points range for a new artist signing with a major record label?
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4949
What is the standard artist-points range for a mid-level artist signing with a major record label?
What is the standard artist-points range for a mid-level artist signing with a major record label?
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5050
What is the standard artist-points range for a superstar signing with a record label?
What is the standard artist-points range for a superstar signing with a record label?
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5151
What is the difference between an advance and a fund?
What is the difference between an advance and a fund?
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5252
Your contract is for a term of 5 CDs. Two are firm and three are options.
How many CDs are you guaranteed to record?
Your contract is for a term of 5 CDs. Two are firm and three are options.
How many CDs are you guaranteed to record?
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5353
True or False A company can get out of
recording a firm CD by exercising the pay or play clause.
True or False A company can get out of
recording a firm CD by exercising the pay or play clause.
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5454
True or False You can shop a demo produced for
one record company via a demo deal to another record company.
True or False You can shop a demo produced for
one record company via a demo deal to another record company.
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5555
True or False You may package and sell a demo
produced for a record company demo contract after the contract term has expired.
True or False You may package and sell a demo
produced for a record company demo contract after the contract term has expired.