Quote:
Originally posted by Ol' Betsey
Eek, gad! 
OK, OK, I know we all have different tastes and to each his own... 
Great post M. and right on the money.
Question about recoupment: You mentioned not having to recoup studio costs?
Are your deals based on 'studio+producer' where it's agreed that all money is directed towards the studio costs (therefore unrecoupable out of producers royalties) and then your producer 'points' are calculated from album 'one'?
Again, great post! Cheers.
R. |
Basically yes. I'll quote a price for a completed album including:
studio time
engineering
producing
assistant
studio material (hard drives, CD-Rs etc.).
not including
travel
hotels
rentals of outside gear
band material (strings, heads etc.)
mastering.
If I go over, it's on me, at least the "included" items. That way, whomever pays the bills, has a clear picture of what they are dealing with, budget wise. I get 50% up front, latest 3 weeks before pre-pro, 25% when I start mixing and the rest when I deliver the Masters.
This all falls under "recdording cost". Recording cost are recouped at the net artist rate (artist points minus producer's points), until which time nobody sees a penny. After that I get paid retroactive from record one without having to recoup any producer's advance.
The overall rate might vary slightly, depending on what
I think the success of a project realisticly might be. If it's the new Beatles (in my mind) I take minimum $$s for the studio time and more points to keep the initial cost low and go into the risk with the band. Unfortunately this system doesn't work out well for new bands (which I love doing). There is of course a minimum rate for the studio, even for an established act, gotta keep the lights on...