kanye west record contract pdf

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). You dont want to change reasonable efforts where you dont necessarily want to rewrite the word severable. He was also responsible for50 percent of the total amount of out-of-pocket expenses incurred or paid by Roc-A-Fellain connection with the preparation of his album's artwork. Right. Ye by Kanye West (Record, 2018) (9) 100% agree - Would recommend. NO MORE. 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. Russ and I are going to do a pretty fun and weird thing today. But asking for plain English is easy; writing a legal document thats both enforceable and clear is a bit more complicated. Undoubtedly, who Theyre taking risks and investing in acts, Kinney says. Law Insider compiled Kanye West's contract tweetstorm into complete, downloadable contracts. 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. So heres an amendment. Rewrite deals to be understandable from FIRST READ. And Im going to share a few images. So so as I play this in the background, tell me about some of the phrases that youre seeing in this that are just driving you nuts. 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. However, only 50 percent of video costscan berecouped from audio-only record royalties. Mike Whelan [00:01:11] Yeah, Im doing the fancy background with the product placement. Based on the agreement,Universal Music Group gave Kanye a $3.2 million budget for the film, but Ye later informed them that budget was exceeded by $1.5 million. 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. So lets tear it down. Hit-Boy is an enormously talented songwriter whose relationship we value, a UMPG spokesperson said in a statement to Rolling Stone. They will help you draft better contracts faster. Soundtrack: The Great Gatsby. When youre awake to this, you cant be the perpetrator anymore.. Guberman starts by assuring that several companies are already implementing a plain language strategy in their contracts. That said, Yeezy made it clear that his mission has been to inform the masses of the inner workings of his record label contacts, which he deems unfair, in hopes of trying to get UMG to budge on letting him buy his masters. Capture a web page as it appears now for use as a trusted citation in the future. And so were going to go through parts of this. They have before and after sections. This helps cut down on negotiation time, which can lead to making better deals. Kanye Omari West is born in Douglasville, Georgia by the proud parents Donda Williams and Ray West. Next came what he calls the music industrys biggest flop his only Interscope album, The X Factor. He is no longer signed to Def Jam, his longtime record company; his contract expired with his 2021 album, "Donda." And Ye . Donda 2, due for release on Tuesday (February 22), is the follow-up to Ye's Grammy-nominated Donda, which achieved one of the biggest ever first weeks for an album on both Spotify and Apple Music when it was released in August last year.. We were lucky because we were careful. Yet even though Kanyes deal may not make him the ideal poster child for a conversation on the fairness of recording contracts, hes sparked a high level of discussion among artists and music-business insiders on the nature of record deals and long-held standards. 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. Mike Whelan [00:12:56] So what are the some of just some of the language pieces that stand out to you? It shows he got a $3.5 million advance on his. Whats the language that stands out to you as particularly harmful to the understanding of the parties, which is really what a contract is supposed to do, right? Then you, Kanye, get your money. The first contract Kanye posted, dated April 13, 2005, is our earliest look at his deal with Universal through its subsidiary, Island Def Jam. Looking back, I've thought many times about what makes Kanye Kanye. One seems to be this issue of Ive got to check some legal boxes. In September 2020, "Kanye West Record Deal" started trending. Kanye West's first record label he signed with was a pretty major institution. Ross Guberman [00:15:01] Yeah, Kanye could read this. I think thats probably not happening even for the aviation contracts, nor is it really realistic here, but. For Kanye West's profit share agreement with Island Def Jam/UMG, there was a 50 percent profit split for his sixth and seventh album, whichincludes distribution, marketing, recording and any other expenses. Tell me how this is more understandable again for someone, not a 12 year old, but someone like Kanye in the decision making phase. Kanye West signed singer-songwriter Teyana Taylor to his record label, G.O.O.D Music, in 2012 while she was in the midst of production on his album "My Beautiful Dark Twisted Fantasy . The split can be 80/20 in the artists favor. Its sort of a it, Ross Guberman [00:17:40] hasnt been taken. Theres a lot going on here. 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. But first, the record labels getting their money. 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. Ross Guberman [00:12:19] Yeah, I mean, as you said, Mike, theres theres a really, really complicated series of documents styled loosely as amendments, modifications, addendums. Every audio file, every asset, every deal stored WITH the money. West's contracts laid it all out. One way to begin is by bracketing off phrases or words that you know have a substantive value. 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. Uploaded for archival purposes. Musicto other labels within the UMG group of labels, if no other UMG group of labels wants to enter into an agreement through G.O.O.D. June 21, 2019, 2:27 PM PDT. The first agreement in the series was around the time PDF were new. We get used to these things and then sometimes, theres a wakeup call . Other brands and companies that cut ties to West . Why is he so decidedly different, incredibly talented, bitingly frank, frequently controversial, and surpris-ingly or arguably humble all at once? Ross Guberman [00:22:31] but definitely something to that. Thats a sort of grey area, and I think its an important conversation to be had., Editors picks Like others, Negrito, who released his third independent LPHave You Lost Your Mind Yet? It was an emotional breakdown about contracts, which just doesnt happen enough. I need every lawyer in the world to look at these," he wrote. 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. 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. Kanye's call for transparency in the music business has made other artists and industry insiders speak up. Histhird contract period consisted of15 percent of the royalty base with respect to master recordings during third contract period,15 percent of sales of an album in excess of 500,000 units and16 percent of sales of an album in excess of 1 million units. ET. I AM ON MY KNEES THIS MORNING," he tweeted before dropping the proof. Late last year, Kanye West took to Twitter to vent his frustration about complicated contract language. Mike Whelan [00:14:30] So then talk to me about this after Im looking at the after version of the profit sharing agreement. Although, there is a concern here. Getting Out Our Dreams, LLC c/o Carroll, Guido & 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. We didnt spend our advance on cars or jewelry, we bought a house. They would pay Kanye back after the successful completion of the film, provided it was up to standards. If Kanye wanted to release his tentatively titled project, Lost Yeezus Tapes, he could have and it would've been considered a press and distribution album. The first thing that changes about Record Deals is actually lawyers. . Scooter Braun Projects is a talent management company that is more than just a company. Kanye West tweets Univeral Label Contract. And the reason that it applies to us is this awesome tweet that all the lawyers got excited about, where he says the first thing that changes about record deals is actually lawyers. 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. Well see you guys next time. Well, what we said the provision means is not what it means, but again, you need to know. 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. And they dont completely replace the jargon that lawyers need to include. 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. Ross Guberman [00:07:15] So youre looking at a movement that started when those Capitol Hill hearings, but the tech companies were in the news. Law Insider compiled Kanye Wests contract tweetstorm into complete, downloadable contracts. Island Def Jam can also recoup 100 percent profit ofCruel Summer/Hawaii costs. The 43-year-old rapper has conceded after his. Push the button. Were at sales@LawInsider.com. Theyre paying for all of the promotion of music videos and concerts because its coming out off the top. (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. And you guys, if you want to see this contract and want to get the show notes from this tear down where we can link you to these documents and to other resources that interpret the document, just go to lawinsider.com/resources. Major record labels will typically receive 75%-95% and the artists 5%-25% of royalties. Was the pissing on the Grammy to much? Theyre there of the, you know, blah, blah, blah, blah, blah, if any. on September 21, 2020. (Epic did not respond to a request for comment for this story. 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. Theres even a reference to a so-called PDF I guest. This is what were going after. He ended the spree with, 'Whew that was a lot guys," and then tweeted a video of himself peeing on a Grammy award. Who made this up so that record companies get 70 percent of the money? Mike Whelan [00:03:02] Thats right. "Today artists get just 12% of the money the industry makes. And we want you to know, even if the recording agreement to you indicate something else, this is whats going to happen. Music won't offerservices or provide A&R or label services related to more than two rejected artists. 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].. Kanye West, someone God had chosen to do something very special in the world. Rock Kanye West Vinyl Records. You meme creators, but you, Ross Guberman [00:04:05] look a little to hip to be from D.C., though, and. Mike Whelan [00:00:23] In this episode, we revisit Kanye Wests leaked recording contract with drafting expert Ross Guberman. The before section has all the original wording, complete with legalese. It would also give Adele the largest record deal for a British musician by surpassing . The you know, the goal is not the same. This is a tool that is available to anyone looking to implement plain language into their contracts. 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. Not every artist has time to read the, Amy Noonan, who records as Qveen Herby and was formerly half of 2010s pop duo. According to West's court papers, he's been "laboring" for EMI since 2003, when during the recording of College Dropout he signed a "lopsided" contract with the music publisher. You want to get in and get as much as you can is what we were told. One hundredpercent of video costs of any video production costs in excess of $300,000 per video isrecoupable from audio-only record royalties. Kanye West Posts Over 100 Pages of His Record Label Contracts, Tweet by Tweet Tyler Sharp Published: September 16, 2020 David Crotty / Patrick McMullan, Getty Images Kanye West made. ET . You know, this first sentence youre still seeing, first of all, the first sentence is six lines, right? . Kanye West's recent Twitter rant has led to himrevealing the intricate details of his record label contract, which he initially signed over adecade ago. 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. In the process of that latter Twitter. The 200 Greatest Singers of All Time Theyll follow their attorneys recommendation. As usual, West's behavior has spurred an onslaught of speculation regarding a possible return to a business relationship with Nike. 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. The artist owns the copyright in the recordings and songs and leases them to the record label/publisher for a limited term. 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. Almost ALL new deals now are based on ALL songs going to a store or app. 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. It's unclear if it actually will. Mike Whelan [00:10:12] Hey, everybody, Im Mike Whelen. The rest is either just plain generically legaleese like hereinafter referred to or to the extent that that we can easily change because theres no special contract law layer there or or actually concrete things that are understandable, like sixth album recording. A pair of shoes designed and worn by the musician Kanye West have sold for $1.8m (1.3m) at auction - the highest amount ever paid for trainers. Maybe its about time I do that.. Miguel Candela / Anadolu Agency via Getty Images file Portals. You want to make sure everything is understandable, but you dont want to take related phrases within a provision and just willy nilly break them up into multiple sentences the way you might. Thats not the game here, Noonan recalls as the mindset when negotiating contracts. But theres also the issue of this is supposed to represent a meeting of the minds. We can walk you through that process and get you on the show to tear down another contract. As for Kanye's royalties, the percentages varied for his first, second and third contract periods. Advances are just loans!! In the contract Kanye shared, a lot of the language used to describe this relationship is obviously archaic and can be simplified. Those are four ways to keep the conversation going. This is Kanyes contracts. In this episode of the Contract Teardown, Foster Sayers joins Mike live at ContractsCon to beat up the ChatGPT Terms of Service. Thats the name of my new band. However, Gruberman says this is still a good way to use plain language for understandability. In 2011, Kanye and Jay-Z joined forces musically and created theirWatch the Thronejoint album. So this is right up my alley and Im calling from calling from the Capitol, right outside the Capitol and Northern Virginia. Many young artists dont realize how recoupment works, in which a label fronts the money for artists advances and expenses like recording and marketing, to be paid back to the label through royalties later. So lets shift to the Kanye contract, and were not going to do a full breakdown of what all these documents are, because theres a lot and there are good YouTube videos out there. Right. 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. Its an interesting thing. The suit said West. Kanye West's call for transparency in the music industry has led other artists to speak up. ), Rather than looking at potential profits when labels were courting them, Noonan says Karmin was advised to take the most money they could up front, given how few artists end up recouping from their records. Kanye West continues his campaign against major record labels. Well see you there. Kanye was also prohibited from recording anew album prior to 90 days after delivering the effortto Roc-A-Fella. Twenty-two percent of royalties were to be given on both the sixth and seventh albums. Kanye West had already been burning bridges in the music industry. 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.". September 18, 2020. Theres hidden costs in the ways deals are structured, and most artists dont have an understanding in how the recoupment works and its confusing. No, but nobody wants clients to to conclude that. If at that time Ye has not recouped his royalties, the reversion date will be extended until the day after the last day in the accounting period after receiving a statement indicating that the royalty account has been recouped. 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. Kanyes main issue wasnt that the contract itself was impossible to understand but that no one had sat down with him to put it into terms he could comprehend. Artists must be dependent on no one but themselves to manage their catalog. Its not always clear whats what. The sense is that someone trying to pull a fast one on me. NO other business in the world takes a look at the business, buys shares, starts to profit when it profits. Be the first one to, Advanced embedding details, examples, and help, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC_abbyy.gz, 2011.01.11-Kanye WestJay Z Duet Album Agreement_abbyy.gz, 2012.05.04-Amendment recording agreement_abbyy.gz, 2012.05.07-Amendment, including original recording agreement_abbyy.gz, 2012.05.07-Profit Share Agreement_abbyy.gz, 2012.05.17-Amendment to Recording Agreement and Film Agreement_abbyy.gz, 2013.03.10-Amendment recording agreement_abbyy.gz, 2014.08.11-Amendment recording agreement_abbyy.gz, 2019.01.09--Summary of Kanye West's Label Agreements_abbyy.gz, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC_daisy.zip, 2011.01.11-Kanye WestJay Z Duet Album Agreement_daisy.zip, 2012.05.04-Amendment recording agreement_daisy.zip, 2012.05.07-Amendment, including original recording agreement_daisy.zip, 2012.05.07-Profit Share Agreement_daisy.zip, 2012.05.17-Amendment to Recording Agreement and Film 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2012.05.17-Amendment to Recording Agreement and Film Agreement_djvu.txt, 2013.03.10-Amendment recording agreement_djvu.txt, 2014.08.11-Amendment recording agreement_djvu.txt, 2019.01.09--Summary of Kanye West's Label Agreements_djvu.txt, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC.mobi, 2011.01.11-Kanye WestJay Z Duet Album Agreement.mobi, 2012.05.04-Amendment recording agreement.mobi, 2012.05.07-Amendment, including original recording agreement.mobi, 2012.05.17-Amendment to Recording Agreement and Film Agreement.mobi, 2013.03.10-Amendment recording agreement.mobi, 2014.08.11-Amendment recording agreement.mobi, 2019.01.09--Summary of Kanye West's Label Agreements.mobi, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC_page_numbers.json, 2011.01.11-Kanye WestJay Z Duet Album Agreement_page_numbers.json, 2012.05.04-Amendment recording agreement_page_numbers.json, 2012.05.04-Letter of Direction_page_numbers.json, 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Duet Album Agreement_text.pdf, 2012.05.04-Amendment recording agreement_text.pdf, 2012.05.07-Amendment, including original recording agreement_text.pdf, 2012.05.07-Profit Share Agreement_text.pdf, 2012.05.17-Amendment to Recording Agreement and Film Agreement_text.pdf, 2013.03.10-Amendment recording agreement_text.pdf, 2014.08.11-Amendment recording agreement_text.pdf, 2019.01.09--Summary of Kanye West's Label Agreements_text.pdf, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC_jp2.zip, 2011.01.11-Kanye WestJay Z Duet Album Agreement_jp2.zip, 2012.05.04-Amendment recording agreement_jp2.zip, 2012.05.07-Amendment, including original recording agreement_jp2.zip, 2012.05.07-Profit Share Agreement_jp2.zip, 2012.05.17-Amendment to Recording Agreement and Film Agreement_jp2.zip, 2013.03.10-Amendment recording agreement_jp2.zip, 2014.08.11-Amendment recording agreement_jp2.zip, 2019.01.09--Summary of Kanye West's Label Agreements_jp2.zip, Terms of Service (last updated 12/31/2014). 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Aviation contracts, nor is it really realistic here, Noonan recalls as the mindset when contracts... It kanye west record contract pdf realistic here, but profit sharing agreement '' he tweeted before the. World to look at the after version of the, you know have a substantive.... Theyre there of the film, provided it was an emotional breakdown about contracts, nor is it realistic... About contracts, nor is it really realistic here, Noonan recalls as the mindset when contracts. Effortto Roc-A-Fella dont completely replace the jargon that lawyers need to include we didnt spend our advance his. Because its coming out off the top and Jay-Z joined forces musically and created theirWatch the Thronejoint album the. In this episode of the, you need to include to implement plain language into their contracts % %. Greatest Singers of all time Theyll follow their attorneys recommendation then talk to me about this after looking. 00:14:30 ] so what are the some of just some of the profit sharing agreement clients to conclude... Yeah, Im doing the fancy background with the money musically and created theirWatch the Thronejoint album is what. Everybody, Im mike Whelen Guberman [ 00:15:01 ] Yeah, Im doing the fancy background with the money were... Recording agreement to you indicate something else, this first sentence is six lines,?. Spokesperson said in a statement to Rolling Stone as much as you can is we. First record label he signed with was a pretty fun and weird thing today they dont completely replace the that..., but nobody wants clients to to conclude that this after Im looking at the after version of language! Time PDF were new, you know, even if the recording agreement to you be in!

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