Quote:
Originally Posted by
goodkeys
β‘οΈ
For now I feel the exclusive libraries I currently write for take good care of me and my tracks. But if the tracks get no placements I'll have to readjust. As drBill wrote diversification.
Also, important to note : Exclusive libraries (generally speaking) operate on the old school "back end" royalty principal. The libraries themselves may take INCREDIBLY good care of you, but if the PRO's don't pay out fairly......you're hosed. We're definitely seeing this happening with Netflix, Hulu, Amazon, etc.. IME, that old school paradigm is fading out for composers - although not for the libraries themselves, as they still have their front end - although they are certainly taking a hit as well.
In 2017, libraries are 1.) doing mostly blankets for TV, 2.) giving away content, 3.) not only giving away, but sharing publishing with one time "buyers", and 4.) giving away content and then, THEN, giving away 100% publishing - and taking writers shares so they can make a percentage. Those scenarios are hard to compete with in old school library scenarios. They are going to change the face of how music is acquired and compensated for. All these "new skool" scenarios are happening and thriving in 2017. Holding on to old school paradigms and hoping for better days is awesome, but will we ever go back????
Success in writing for libraries is in having a crystal ball and not writing for what works today. It's writing for what will be working in 5-10 years.
In 2017, if you do not share in up-front sync's, be aware that streaming is taking over - and will kill your backend in a few years. Their back end royalty payout is minuscule compared to network / cable payouts of past. I don't know how this will all pan out over the years, but it does not look good, and putting yourself into a locked down old school paradigm with no room to negotiate is not wise at this point IMO. Just my opinion though.....
Diversification is certainly the key to longevity. Maybe PRO's will get it together and be forced to use their Netflix income to payout their Netflix composers instead of their pop superstars..... But I'm not holding my breath.
That's about all I'm willing to share at this point.... Best of luck.
