Blues singer Fantastic Negrito, a two-time Grammy winner, first signed a major record deal with Interscope in the Nineties, giving him what he says was a $400,000 advance. #kanyewest #dramaalert #grammyWanna continu. Maybe even my own lawyer is not really looking at the language from my point of view. Next came what he calls the music industrys biggest flop his only Interscope album. Kanye West's War Against Record Contracts Could Actually Work for Kanye, Anyway Kanye West wants his rights back. Another example is General Electric. So I want you to do it, take advantage of it. Kanye's Exclusive Recording Agreement In the docs for Kanye's exclusive recording agreement, information includes that grantor's royalty account and the production budget for the. Is this realistic to even talk about plain language and contract drafting? "Today artists get just 12% of the money the industry makes. And then on the contract lingo, contract language side, we approach it differently. Mike Whelan [00:03:50] I realized after I got dressed to have our conversation that Im wearing the shirt that apparently everyone in D.C. wears. As far as the actual deal goes, Kanyes isnt particularly bad: Music lawyerswho spoke with Rolling Stone call Wests deal standard for an artist at his level. The rapper has put out nine albums over 17 years through Roc-a-Fella Records. Mike Whelan [00:03:02] Thats right. So the blue, you know, the blue, the kinds of things briefcase picks up as well. I AM ONE OF THE MOST FAMOUS PEOPLE ON THE PLANET AND UNIVERSAL WONT TELL ME WHAT MY MASTERS COST BECAUSE THEY KNOW I CAN AFFORD THEM BLACK MASTERS MATTER.". In the docs forKanye's exclusive recording agreement, information includes that grantor's royalty account and the production budget for the applicable recording project will be charged with a record cost item of $30,000 per album (or $3,000 per side for a project for the recording of less than an album). Guberman has dissected the Profit Sharing Agreement section of Kanyes contract and found several areas in which the language could be more transparent. The recording fund amounts for Yeezy's third through seventh albums were listed as follows:third album: minimum recording fund $300,000, maxing recording fund $650,000;fourth album: minimum recording fund $325,000, maxing recording fund $700,000;fifth album: minimum recording fund $400,000, maxing recording fund $850,000;sixth album: minimum recording fund $425,000, maxing recording fund $900,000;seventh album: minimum recording fund $450,000, maxing recording fund $950,000. He says the industry must holistically evaluate how to improve for any major changes to shift. When youre awake to this, you cant be the perpetrator anymore.. 25. Is this part of the contract or are they saying this is a separate thing? So you pay to see your money!!! This is the Def Jam amendment. Theres a lot we can do. Theyll follow their attorneys recommendation. In September 2020, "Kanye West Record Deal" started trending. Record Companies have to buy into you, not loan you. Addeddate 2020-09-21 23:04:27 Identifier KanyeWestContracts Identifier-ark ark:/13960/t0jt91382 Ocr What do you see? And according to the general counsel, its worked wonders. His musical career has been marked by dramatic changes in styles, incorporating an eclectic range of influences including soul, baroque pop, electro, indie rock, synth-pop, industrial and gospel. Right. Contract #3. For Kanye, his 15% royalty rate on wholesale for each sneaker sold has netted him roughly $150 million pre-tax annually. For years, the rapper has set release dates with his label, only to blow by them with . And guys, this is a super long document. However, phrases like notwithstanding anything to the contrary and promptly may seem unnecessary, but they have a legal layer thats important in order to maintain the integrity of the contract. Rewrite deals to be understandable from FIRST READ. Kanye West tweets Univeral Label Contract. And then if theres some kind of a difference between that amount and the recording costs. He was given a $6 million advance for his seventh album with $3 million designated to recording costs. West created his first Yeezy shoes with Nike in 2007, and then . And, you know, this sort of juncture between functional language and legal language languages is my sweet spot. We were going to take whoever gave the most money., As artists, we know its something thats been happening, but we get used to a lot of things, like voting numbers or police brutality. Its a fine line to walk: simplifying without completely changing the meaning of the terms. Im seeing a lot of these highlights. Lawyers. So I think when you tell lawyers that you can be part of the plain English movement while still, of course, using your good sense and keeping legally meaningful terms intact and certainly keeping industry, you know, meaningful terms intact and then explain that its the rest rights, the rest the pursuant to the full execution. We wouldnt be talking about all this now if the label hadnt invested in him and put tons of marketing money into this for his leg up.. And of course, this became a big story, in part because he totally undermined Taylor Swift some number of years ago about get wanting to get her masters back and saying, look, you just got to play the deal in this case. this summer, doesnt point the finger at any one entity or group for the nature of these deals. Everybody go get it. "UNIVERSAL WONT TELL ME WHAT MY MASTERS COST BECAUSE THEY KNOW I CAN AFFORD TO BUY THEM," Kanye tweeted on Wednesday (Sept. 16). Found online, don't shoot the messenger. So come join us right now. In a follow-up tweet, Yeezy said, "I have to tweet page by page The PDF is not loading on twitter.". Uploaded for archival purposes. Mike Whelan [00:21:42] Yeah, I sort of feel like the conclusion for me from this and this probably isnt a popular take, is that the issue here was not necessarily that he had to do the beautiful mind thing and put documents all over the place with strings, attaching them in a great conspiracy or whatever it was that he didnt have somebody to help do that for him. They are long. If theyre doing this to me with all Ive accomplished through hard work, I can only imagine the kids who dont have big placements/proper guidance, Hit-Boy wrote on Instagram. But they were reluctant to strike a deal with the young producer/rapper. Ross Guberman [00:08:11] Yeah, this is a big issue. Kanye West had some more thoughts to share about recording contracts in a series of tweets on Sunday (Sept. 20). Music; a backronym for Getting Out Our Dreams) is an American independent record label founded by rapper Kanye West in 2004. The Record Label / Publisher is a service provider that receives a share of the income for a limited term. Broadly, what Ill say is theres this really weird profit sharing structure with this with these deals, because what the the record label will do is say we get our money, then we take expenses out. Ross Guberman [00:02:46] Its you know, its a great vehicle to take this whole plan, English idea and see if we can, you know, apply it literally seriously or both, because although you say you had an emotional breakdown, hes hardly the first part of your client to object to contract language. So notwithstanding anything to the contrary, the Shall problem, you know, using Shal for both obligations and future events, words that seem familiar, like promptly that have a legal layer causes. Its actually gotten a lot of press. This past Wednesday, September 16, Kanye West, in an attempt to " change the music industry for good ," shared his recording contracts with Roc-A-Fella, Def Jam Recordings, and Universal. Why is a shift to plain language important? Gruberman emphasizes that you can preserve the contract law-based elements in the before section while still simplifying the text in a consumer-friendly way. The rapper and his team signed an agreement on January 5 with the venue for a 25-day rental totaling $125,000, expenses of $20,000, and four new office chairs for $813, the lawsuit says. Rap superstar Kanye West is leading a revolt against . But first, the record labels getting their money. Advances are just loans!! And theyre advised accordingly by an attorney at law whos telling them to sign this contract, and they say this contract is standard. Ive got blues and Ive got reds. Kanye Westmade good on his promise by sharing the many pages ofhis recording contracts with his label Universal Music Group. But we at Law Insider put them all together in PDF, will make sure that you have a link to it. In this episode of the Contract Teardown show, guest Diana Isyanova shares three possible approaches. Well see you there. Maybe its about time I do that., Like others, Negrito, who released his third independent LP. The breakdown for this amount was:$1.5 million was to be distributed to record the album. Almost no artists recoup so the system obviously doesnt work, but its tempting. Youve been dealing with this for a while. We didnt spend our advance on cars or jewelry, we bought a house. Coming from the tech space, when we raise money and talk with investors to get capital into our business, were armed with a pro-forma that lets us understand how much were taking on and see exactly how the numbers work out. Kanye West has been active on Twitter once again. You dont want to change reasonable efforts where you dont necessarily want to rewrite the word severable. Earlier this week, he denounced the contracts being provided by Sony and Universal . Why are artists paying a 20 percent distribution fee off the top?, Related Kanye was also prohibited from recording anew album prior to 90 days after delivering the effortto Roc-A-Fella. The partnership was a nightmare for both Negrito and the label, he says. This is Kanyes contracts. This helps cut down on negotiation time, which can lead to making better deals. I hope youre enjoying this episode of the contract tear down show. After delivering his proof, Yeezy tweeted, "90% of the record contracts on the planet are still on a royalty A standard record deal is a trap to NEVER have you recoup, and theres all these hidden costs like the 'distribution fees' many labels put in their contracts to make even more money off our work without even trying.". Its its unfortunately the the words and phrases that are operative to. But, Ross, if people want to get in touch with you and get a sense of how to differentiate, I mean, this seems to be the hard skill is differentiating between this is a legally significant and archaic, but its significant. Oct. 28 (UPI) -- Kanye West has been sued for breach of contract in Florida for allegedly failing to pay for a rental space he wanted to use as a recording studio. Island Def JamMusic Group also agreed to give Kanye the rights, title and interest in all of the masters for his sixth and seventh album, but only after the reversion datethe last day of the semi-annual accounting periodwhich is 20 years after the initial release of the seventh album. Why is he so decidedly different, incredibly talented, bitingly frank, frequently controversial, and surpris-ingly or arguably humble all at once? West filed suit . But its basically one contract with a whole bunch of stacked on amendments and documents. Ye. Ross Guberman [00:00:00] You look at these agreements, though, from Kanye, thats not just the CDC references that are archaic, the language looks like something you might find, you know, 50, 100 years ago. The suit said West. Labels generally hedge their bets on younger artists not just so the labels can reap considerable profits, but in order to protect their ongoing existence: Most artists who get signed wont break through, and the success of one major star can help make up for those bad bets. his own paperwork with Universal Music Group and then, far as the actual deal goes, Kanyes isnt particularly bad: Music lawyerswho spoke with. So we want to talk briefly about this profit sharing piece, this image here, because theres a lot of language that might lead to artists not understanding that theyre getting into that pretty crappy deal, honestly. Music for that rejected artist, the labelhas the right to enter into an agreement with a third party label. The plain-language portion may influence what is interpreted on the left. Kanye Omari West (born June 8, 1977) is an American rapper, singer, songwriter, record producer, entrepreneur and fashion designer. Mike Whelan [00:11:02] Hmm. THE GUEST: Ross Guberman is president of Legal Writing Pro, LLC and a consultant for law firms and courts. The lawyers in this industry who are used to the status quo are going to say its worth it, but if I make a deal with you and go to lunch and say you pay 70 [percent], I dont think youll say its fair. These are the documents that were talking about. Were going to pay that to you. Gruberman states that it is possible to use plain English while keeping meaningful industry and legal terms intact. Dependents. Right. Kanye West leaked his recording contracts on Twitter. So those are those are the impediments. Again back to dependents. The record label / publisher is a service provider that receives a share of the income for a limited term. You got a bunch on the left in a very short sentence on the right. Law Insider Completes First Legal Tech Investment and Distribution Partnership with Inkly, All contents of the lawinsider.com excluding publicly sourced documents are Copyright 2013-. W aiting for a Kanye West album can be an excruciating, interminable experience. Ideally, he says, artists should have legal representation working in their best interest to point out red-flag clauses: While an artist should be wary of what theyre signing rather than looking solely at the immediate paycheck, young and starry-eyed artists whove never seen so much money may not understand that yet. If you can describe Im Im thinking about Im going over to this video that you share thats really helpful of your tool brief catch that will go and find some of this redundant, archaic language. Im Mike Whelen. Kanye West's history of inflammatory statements were met with consquences this week. For his second contract period, Roc-A-Fella gave Ye18 percent of the royalty base with respect to master recordings from the second contract term,18 percent of sales of an album in excess of 500,000 units and19 percent of sales of an album in excess of 2 million units. Mike Whelan [00:17:41] an interpretive sca band and Im going to have to look for the domain name. Well, what we said the provision means is not what it means, but again, you need to know. Push the button. The after version that Gruberman shares is shorter, which is one benefit to cutting out unnecessary language, but it also better tracks the chronology of the real world. On day two of his latest epic Twitter binge, Kanye West followed through on his complaints about the music industry and his demands to be released from his recording and music-publishing. Kanye West is seen at a Donda listening event at Mercedes-Benz Stadium on July 22, 2021 in Atlanta, Georgia. Thank you, Ross. 2. So tell me about this before. There are there are archaic phrases that that for this to be legally binding, for me to stay out of trouble, need to be in there. (Epic did not respond to a request for comment for this story. Theyll follow their attorneys recommendation. Equity & Blanket Licenses are the majority of future new income. I PRAY IN THE NAME OF JESUS THAT IT DONT LOOK LIKE THIS TOMORROW," Ye wrote in a tweet with the five accompanying images. If Island Def Jam Music Group were to pass on an artist,Getting Out Our Dreams Inc., the acronym for Kanye's G.O.O.D. Kanye West signed his co-publishing contract with music publisher EMIwho is now owned by Sony/ATVin 2003, before the completion and release of his 2004 debut album, The College Dropout. Distribution fees, for example, are frequently cited by industry critics, who note that CDs and vinyl no longer drive sales, and the hefty label surcharge intended for moving physical units across the country may not be altogether necessary. $20.99 Used. Advances are loans with 75% interest rates (or worse). Thats probably more than enough. Scooter Braun Projects is a talent management company that is more than just a company. Mike Whelan [00:01:20] Pretty classy nightstand, Ross. Kanye West's music-publishing contract essentially does not allow him to retire - a common provision of such contracts, a source tells Variety. call Wests deal standard for an artist at his level. As artists, we know its something thats been happening, but we get used to a lot of things, like voting numbers or police brutality. Kanye's call for transparency in the music business has made other artists and industry insiders speak up. He got into a major accident that put him in a three-week coma, and Interscope dropped him not long after. We need plain English contracts. Mike Whelan [00:17:34] Yeah, I like the phrase sufficient moneys. So lets take another example from the Kanye contract. And we have to be very careful, of course, you know, translating things like provisos like provided, however, that in dealing with Shell and the like. We need plain English contracts. So what I what I what I did here is just pull pull one of the key provisions on the substantive side from this profit sharing agreement so we could try to figure out again whats possible for for the Kanye West of the world. We were lucky because we were careful. Kanye shared a 2005 superseding agreement of his original 2002 recording contract and a handful . The documents contain information about royalties, distribution fees and more. No, but nobody wants clients to to conclude that. "And y'all still gave him contracts, documentaries, endorsements . The music industry needs more clarity when approaching artists with deals so they understand the tradeoff that theyre making., Amy Noonan, who records as Qveen Herby and was formerly half of 2010s pop duo Karmin, had what she describes as a lucky experience: She and her now-husband and bandmate signed a deal with Epic Records in 2011 after Karmin started going viral on YouTube, and they got out of that deal four years later. Ross Guberman [00:01:07] Im doing well, its good to see you and good to see your room, too. Kanye West's call for transparency in the music industry has led other artists to speak up. Kanye West has posted dozens of pages of record contracts, and a video of a Grammy being urinated on, in a lengthy string of tweets criticizing the music industry. From that money, $4 million was allocated to recording costs. The remaining$1millionwas to be paid upon completion. If you have a kid who knows nothing about law and sees all this money, these contracts are 60 pages long, who the fuck is reading that? Anokute says. Ross Guberman [00:03:18] And so Im the president of legal writing prose, so Ive been doing workshops and consulting on all different aspects of lawyer writing and judicial writing for a couple of decades now. You know, this first sentence youre still seeing, first of all, the first sentence is six lines, right? They have before and after sections. Over the course of dozens of tweets, West. The Nike Air Yeezy 1 Prototypes beat the previous . Music. . Ross Guberman [00:09:03] Yeah, exactly. Ross Guberman [00:22:31] but definitely something to that. Looking back, I've thought many times about what makes Kanye Kanye. The split can be 80/20 in the artists favor. NO MORE. To be a little bit difficult to argue that. What contract language is unnecessarily archaic and what isnt? (In response, the label played down the conflict:We pride ourselves on our industry-leading track record of putting songwriters first and helping them to achieve their creative and commercial goals. Within the deal, Kanye was obligated to release six albums, inaddition tohis initial effort, TheCollege Dropout(2004), within a 12-month span. Major record labels will typically receive 75%-95% and the artists 5%-25% of royalties. Rock Kanye West Vinyl Records. The equity is the Artists. Ye by Kanye West (Record, 2018) (9) 100% agree - Would recommend. It shows this sort of left to right set up on this exclusion of liability document. Ye (/ j e / YAY; born Kanye Omari West / k n j e / KAHN-yay; June 8, 1977) is an American rapper, singer, songwriter, record producer, and fashion designer.. Born in Atlanta and raised in Chicago, West gained recognition as a producer for Roc-A-Fella Records in the early 2000s, producing singles for several artists and developing the "chipmunk soul" sampling style. Its an exclusion, a liability. Was the pissing on the Grammy to much? Are they making too much? And theyre advised accordingly by an attorney at law whos telling them to sign this contract, and they say this contract is standard. Miguel Candela / Anadolu Agency via Getty Images file T, hey dont give you updates, and in 25 years, Ive never checked about recoupments, Negrito says. The . Money and Music must stay together. Kanye Wests Record Deal Is Standard. One seems to be this issue of Ive got to check some legal boxes. And the record business that it means in normal English. Next came what he calls the music industrys biggest flop his only Interscope album, The X Factor. Roc-A-Fella was to approve any "recording elements,"which are listed as: selection of individual producer(s), selection of compositions to be recorded, specification of accompaniment, arrangement and copying services, selection of dates of recording and studios where recording is to take place. Im going to give people a little bit of background on the Twitter rant about contracts. In 2012, the label released its debut compilation album Cruel Summer.In 2015, Pusha T was appointed the president of the label . Most comprehensive library of legal defined terms on your mobile device. Mike Whelan [00:22:56] So, Ross, I appreciate your thoughts on this. If a client feels this way, not only are they going to seek out alternatives in the future, they will convince their friends and family to do the same. $26.59 New. Right. Will we be seeing a President Kanye? Until then, Ross, I appreciate you being here. Challenging yourself to put things in terms people can understand without affecting the overall meaning can uncover ambiguities, saving you time in the long run. The decline centered around controversial anti-Black and antisemitic comments and other erratic behavior. The label signed an exclusive long-term worldwide label agreement with the Island Def Jam Music Group in 2011. Practical in the sense that its tracking reality while still hopefully remaining faithful to the original. A lawyers role is to improve deals, not charge for contracts we cannot understand or track. Kanye West had already been burning bridges in the music industry. And, to an extent, they're not wrong. web pages Pearl Jam Vinyl Records. I didnt know this was the thing, but apparently its a Twitter meme. For that LP, there was a recording fund amounting to$2.5 million. Twitter users, who were waiting to get their hands on the documents after much suspense, were completely underwhelmed. Prior toKanye's relentless tweeting session, heinformed his followers that he wasgoing to share 10 of his contracts with UMG, the parent label to his G.O.O.D. I mean, shoot, producers can take $15,000 to $20,000 a piece on each track. There are no reviews yet. However, the film has not yet been released. on September 21, 2020. The you know, the goal is not the same. As lawyers and contract drafters trying to implement plain language, we have to find a way to do this while staying true to the contract. West is also no longer with record label Def Jam a Universal Music Group subsidiaryas he has fulfilled his contract, Forbes reported Thursday, and his own label, G.O.O.D. Ross Guberman [00:23:30] Yeah, I mean, I did try to thread the needle of making everybody happy and try not to, you know, be too rigid on these matters. So theres this GE aviation series of rewritten contracts. Although, there is a concern here. Hit-Boy is an enormously talented songwriter whose relationship we value, a UMPG spokesperson said in a statement to Rolling Stone. If Im the lawyer there, there are terms of art. Now we know where the funds will come from, so its its. Its all made from events. It seems that the artists themselves are paying for the production and promotion of their work since their cut goes towards expenses, but the labels cut does not. Milana Lewis, CEO of music distribution platform Stem, says record labels should start including explanatory pro-forma documents with deals, in order to promote transparency and make it easier for artists to understand what comes in their agreements. THE HOST:Mike Whelan is the author of Lawyer Forward: Finding Your Place in the Future of Law and host of the Lawyer Forward community. Let me do a screen show real quick to show people what were talking about. And Im going to share a few images. The 200 Greatest Singers of All Time Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Mike Whelan [00:07:53] Well, and heres another one from LinkedIn, this sort of two column set up in the license image. Obviously, we cant share the whole thing, but well make sure that you have a link to the whole thing in the show notes over at LawInsider.com/Resources. A month ago, Kanye West had an emotional breakdown on Twitter. I have a lot of free articles and a lot of these before and after is also on Twitter. So this is right up my alley and Im calling from calling from the Capitol, right outside the Capitol and Northern Virginia. The artist owns the copyright in the recordings and songs and leases them to the record label/publisher for a limited term. The partnership was a nightmare for both Negrito and the label, he says. Right. In order to maintain the original intent, some legal jargon and industry terms must remain intact. After agreeing to the amount spent on the film, they took $1 million from Kanyes sixth album backend and then $500,000 from his seventh album's recording fund. The outspoken music artist - who considered running. The first is this one from LinkedIn. Law Insider, in partnership with Laura Frederick and How to Contract, is hosting ContractsCon 2023, a live training and networking event focused on practical contract drafting and negotiating skills for in-house counsel and contracts professionals. So the rest, you know, if its not a one of those categories, its either an industry term of art or just normal English talking about finance or recording. Other brands and companies that cut ties to West . Its unfair for the party that lacks visibility into the way the other party is thinking about the numbers, Lewis says. He got into a major accident that put him in a three-week coma, and Interscope dropped him not long after. Russ and I are going to do a pretty fun and weird thing today. Its all made from videos. It's unclear if it actually will. Kanye West Contracts : Free Download, Borrow, and Streaming : Internet Archive Kanye West Contracts Topics Kanye West Collection opensource Language English Uploaded for archival purposes. You know, the I remember the general counsel, GE Aviation said, you know, a 12th grader, a teenager should be able to read this. We get used to these things and then sometimes, theres a wakeup call Fantastic Negrito, When they left their deal, they chose not to try and buy back their masters, having put out only one album with Epic and feeling they still had their best musical years ahead. If youre with a major you have invested your songs as shares in their power to get equity and deals. Uploaded by So you keep those and then you also, of course, in your sector or industry, want to keep those terms of art as well. Mike Whelan [00:14:30] So then talk to me about this after Im looking at the after version of the profit sharing agreement. You want to get in and get as much as you can is what we were told. Calls for plain language arent new in the contracts industry, but those calls rarely come with celebrity buzz. Almost ALL new deals now are based on ALL songs going to a store or app. So youre seeing some attempt by LinkedIn. However, there are a few conditions: the artist will first be offered a dealthrough G.O.O.D. . Youre going to sign the amendment. It was pretty awesome because it was specifically about contracts. Island Def Jam can also recoup 100 percent profit ofCruel Summer/Hawaii costs. So Im going to give a couple of examples, Ross, that you shared with me about how some of these businesses are doing this, shifting over to plain language. Its an interesting thing. Some are asking what took so long. The deals not bad what is that based on? Negrito asks. Thats a sort of grey area, and I think its an important conversation to be had., Editors picks Ross Guberman [00:15:01] Yeah, Kanye could read this. If you push this button, youre going to save big. Music label, has the right to take the rejected artist to a third party label. Not every artist has time to read the Donald Passman bookand find out what every term and clause means, and while there are great lawyers out there, too many just want their 5 percent [commission].. Royalty portals need to show (and do not now) Every song you delivered, Every store you are in, How many streams per song Income per song. Just minutes prior, he had finished tweeting out the entirety of his Universal contract, one page at a time for a total of more than 100 tweets. ET. And although I didnt start my career with contract language, I certainly immerse myself in it. Ross Guberman [00:01:18] If it works, right? Is this different than the LinkedIn attempt? Mike Whelan [00:01:11] Yeah, Im doing the fancy background with the product placement. Contract #1 [PDF] Contact #2 [PDF] Contract #3 [PDF] Contract #4 [PDF] Contract #5 [PDF] Contract #6 [PDF] Contract #7 [PDF] Contract #8 [PDF] Contract #9 New Recording and Publishing Deal Guidelines [ PDF] % agree - Would recommend series of rewritten contracts areas in which the language Could be more transparent they! West is leading a revolt Against: $ 1.5 million was allocated recording... Liability document can not understand or track maybe its about time I that.. Legal jargon and industry insiders speak up calls for plain language arent new in the industrys... Plain English while keeping meaningful industry and legal terms intact of art has set release dates his! Them all together in PDF, will make sure that you can is what we said the provision is! You push this button, youre going to save big the breakdown for this story very short sentence the. 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