NonsenseTele said:
Pete, I meaned, yes, the big bands always have some big lawyers to take care of their business... But I'm saying more about the bands that are on beginning of the process, trying to find a place under the sun... Don't know how to explain, there is some guys with knowledge and taking care of their carrers, but I see the most bands not taking care of it very well...
Yes, I understand what you mean.
But the day is fast approaching where the new acts can hold onto things much better, and start their public career still maintaining a lot of their rights themselves. Things like royalty rights for recorded music can be a gold mine if they hold onto it, or only lease the 'product' to a record label as distributor instead of selling the whole recording and just getting the royalty they negotiate.
It's hard for the new guys on the block to know what the normal situation is. Everyone gets approached and no one knows if it is correct for them to negotiate this, or that, away to someone in order to get a better contract? With all the emerging digital rights issues, and copying etc. I would be hard pressed to know what a 'good deal' looked like, let alone when I was in my 20s!
I guess it would be good if someone in the band was a lawyer, or they went to Uni with one, who would do some work for the band for nothing. And an accountant too. But those type of people could only tell you what is in the contract, not whether it's a good contract for this business or not.
The classic I heard was about Midnight Oil. They didn't sign any contract with a recording company for a few years until they had developed a huge following. By then, Peter Garrett (singer) & Gary Morris(manager) had finished their degrees & when they went in to sign a deal, they simply TOLD the recording company what the deal was! :laughing3:
Usually, with a new band, there's quite a few good meaning folks around them lending a hand. But those helping them are basically amateurs, and even if they hold some sort of professional degree, they wouldn't be dealing with the music business on a regular basis. That does put the new band at a disadvantage, and I guess if you just assume that some where along the line you will make mistakes, then just try and learn from them. Or, not sign anything until you can afford an entertainment lawyer and accountant, although that's where the likes of Allen Klein came from! :sad: