Sell-Out
Hit Records
Show Me The Money
Royal Tease
Bottom to the Top
100
the wholesaler that sells physical copies of your records to the stores
What is the distributor?
100
a controlling entity or original recording made in a studio
What is a master?
100
the companies give away these albums to retailers
What are free goods or special campaign free goods?
100
escalations that apply to sales occurring after the level is reached
What is prospective escalation?
100
a mechanism designed to automatically increase (or decrease) your deal if you’re successful (or a flop)
What is formula?
200
a broad term stores that are in the shape of large rectangular boxes
What is a big box retailer?
200
a recording process where each instrument is recorded on a separate track
What is multi tracking?
200
money held back by a company until it knows how many albums you will sell
What are reserves?
200
escalations that apply to prior sales
What is retroactive escalations?
200
means that no matter how lousy the earnings of the previous album, your fund will not be LESS than this agreed amount
What is the floor?
300
Small stores that sell small quantities of albums
What are "mom and pop" stores?
300
a deal where the record companies now want to share in the total pie of an artist’s income
What is a 360 deal?
300
the process of paying out the reserve
What is liquidating the reserve?
300
This type of royalty means the artist is responsible, out of his or her royalty, for paying the producer and mixer
What is all-in royalty?
300
A term that ties or connects multiple albums or contracts together together
What is cross-collateralization?
400
albums to which the company has committed
What is a firm album?
400
a deal where company takes some of the rights involved
What is active interest? DD: What is a deal where the company has no control over the rights involved?
400
the process of keeping the money to recover an advance
What is recoupment?
400
the all-in rate minus the amount paid to the producers and mixers
What is net rate?
400
No matter how wildly successful your album, the fund won’t exceed this agreed upon amount
What is a ceiling?
500
People who lease floor space from department stores and put in racks of records
What are rack jobbers?
500
the amount of time a record company keeps you under an exclusive agreement
What is a term?
500
term that applies to the amount of unrecouped money
What is a deficit?
500
a set amount of money, which includes both recording costs and any amts that may be payable to the producer’s advance
What are funds?
500
the rec company has the option either to allow you to play your music or pay you off
What is pay or play?
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