kanye west record contract pdf

Who made this up so that record companies get 70 percent of the money? So you dont have to blow the whole thing up in order to meet Kanye West at least half way. "Today artists get just 12% of the money the industry makes. The deals not bad what is that based on? Negrito asks. GOOD Music (stylized as G.O.O.D. So, yeah, there you go. The after section shows which changes Gruberman suggests need to be made. And thats why the color coding comes in. Theres theres a counseling function in addition to a drafting function that seems to be really important that lawyers didnt do here. Join me and my friends. 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 Agreement_daisy.zip, 2013.03.10-Amendment recording agreement_daisy.zip, 2014.08.11-Amendment recording agreement_daisy.zip, 2019.01.09--Summary of Kanye West's Label Agreements_daisy.zip, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC.epub, 2011.01.11-Kanye WestJay Z Duet Album Agreement.epub, 2012.05.04-Amendment recording agreement.epub, 2012.05.07-Amendment, including original recording agreement.epub, 2012.05.17-Amendment to Recording Agreement and Film Agreement.epub, 2013.03.10-Amendment recording agreement.epub, 2014.08.11-Amendment recording agreement.epub, 2019.01.09--Summary of Kanye West's Label Agreements.epub, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC_djvu.txt, 2011.01.11-Kanye WestJay Z Duet Album Agreement_djvu.txt, 2012.05.04-Amendment recording agreement_djvu.txt, 2012.05.07-Amendment, including original recording agreement_djvu.txt, 2012.05.07-Profit Share Agreement_djvu.txt, 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, 2012.05.07-Amendment, including original recording agreement_page_numbers.json, 2012.05.07-Profit Share Agreement_page_numbers.json, 2012.05.17-Amendment to Recording Agreement and Film Agreement_page_numbers.json, 2013.03.10-Amendment recording agreement_page_numbers.json, 2014.08.11-Amendment recording agreement_page_numbers.json, 2019.01.09--Summary of Kanye West's Label Agreements_page_numbers.json, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC.pdf, 2011.01.11-Kanye WestJay Z Duet Album Agreement.pdf, 2012.05.04-Amendment recording agreement.pdf, 2012.05.07-Amendment, including original recording agreement.pdf, 2012.05.17-Amendment to Recording Agreement and Film Agreement.pdf, 2013.03.10-Amendment recording agreement.pdf, 2014.08.11-Amendment recording agreement.pdf, 2019.01.09--Summary of Kanye West's Label Agreements.pdf, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC_text.pdf, 2011.01.11-Kanye WestJay Z 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). musical compositions embodied on albums released by a major record label per year (or longer if West needed more time) (each a "Contract Year") for . 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. Although, there is a concern here. Its all digital. 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 . 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). Almost no artists recoup so the system obviously doesnt work, but its tempting. Side note: usually artists get between 12-15% royalty rate but Kanye was already being a huge hit so he could negotiate a higher fee. He said, were going to transparently change every album deal, every publishing deal. What do you see? Soundtrack: The Great Gatsby. Law Insider, in partnership with Laura Frederick and How to Contract, is hosting ContractsCon 2023, a live training and networking event focused on practical contract drafting and negotiating skills for in-house counsel and contracts professionals. Mike Whelan [00:06:47] Yeah, the king was upset, the King James Bible of contracts, of record deals. Welcome to Law Insiders Contract Teardown Show, where we bring smart friends like Ross Guberman over here to break down some contracts. Thats probably more than enough. 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. They dont want they dont want whats on the right to somehow control. She argues that the relationship between the parties should dictate options, then the parties themselves should make informed choices. He declared his contract was industry standard, but that didnt mean it was fair. on September 21, 2020. Is it fair? One seems to be this issue of Ive got to check some legal boxes. Rewrite deals to be understandable from FIRST READ. Mike Whelan [00:03:02] Thats right. In 2012, the label released its debut compilation album Cruel Summer.In 2015, Pusha T was appointed the president of the label . Is this incorporated in in any way? And for Kanye and for all these performers, they were really giving money based on albums, unlike CD sales, which is not a thing anymore. After agreeing to the amount spent on the film, they took $1 million from Kanyes sixth album backend and then $500,000 from his seventh album's recording fund. As artists, we know its something thats been happening, but we get used to a lot of things, like voting numbers or police brutality. Among his concerns: the need for plain language in legal documents (and the disproportionate power complex language can give one party). The before section has all the original wording, complete with legalese. Ross Guberman [00:13:17] Yeah, so, you know, you want to you want to look at these provisions in chunks or blocs or categories so you can sort of thread the needle between, you know, what what the clients might demand and what lawyers think is is in their interests. 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. Kanye's call for transparency in the music business has made other artists and industry insiders speak up. Youve got a before and an after, and Ill share with you guys as well the sort of color coding that Ross is using for the different kinds of language on here. Youll also get webinars and daily tips on drafting and negotiating contracts, not to mention access to the worlds largest database of sample clauses and contracts. During his rant, Kanye declared that he would move the entire music industry into the 21st century, and he means to do this using clear and discernable language. You want to get in and get as much as you can is what we were told. Scooter Braun Projects is a talent management company that is more than just a company. Wests contract could even be considered favorable among superstar contracts, with Universal heavily investing in Wests works, entertainment attorney Christiane Kinney says. Late last year, Kanye West took to Twitter to vent his frustration about complicated contract language. THE HOST:Mike Whelan is the author of Lawyer Forward: Finding Your Place in the Future of Law and host of the Lawyer Forward community. The Nike Air Yeezy 1 Prototypes beat the previous . No, but nobody wants clients to to conclude that. 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. Kanye West had some more thoughts to share about recording contracts in a series of tweets on Sunday (Sept. 20). ), 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. You need to have some consistency, trying to keep that in there while still, again, capturing the the legal the truly contract law based elements of the original, the proviso, the, you know, the preemption, the classic for the avoidance of doubt and so forth, trying to trying to preserve all that, but not going so far as to worry about sentence length just for the sake of sentence length. Harvard Business Review did a big piece on it, and the general counsel of that division really took this whole plain English thing seriously instead of just giving it lip service and actually redid a lot of their commercial agreements. At no point was Kanye allowed to object to a track being on the record if it achievedTop 100 chart success on any national trade publication at any time prior to when the Greatest Hits album was released. Ross, how are you today? Advances. If youre part of a team, just email us if youre in house or in a law firm. Ye went from $6.6 billion to maybe $400 million. I PRAY IN THE NAME OF JESUS THAT IT DONT LOOK LIKE THIS TOMORROW," Ye wrote in a tweet with the five accompanying images. 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's first record label he signed with was a pretty major institution. In the process of that latter Twitter. Like youre youre still youve got a complicated sentence with clauses. Ross and I dig into Kanyes request for plain language drafting and whether its even realistic. NO other business in the world takes a look at the business, buys shares, starts to profit when it profits. See's Kanye West's Record Contract Tweets. Ross Guberman [00:20:11] Yeah, I think part of that is really bracketing off, just as you are saying, words and phrases that a lawyer knows have substantive value. Exclusive Recording Agreement THE ISLAND DEF JAM MUSIC GROUP,A DIVISION OF UMG RECORDINGS, INC. 1755 BROADWAY NEW YORK, NEW YORK 10019 Dated as of March 10, 2013 Kanye West c/o Carroll, Guido & Groffman, LLP 1790 Broadway, 20 th Floor Suite 800 New York, NY 10019 Attention: Michael Guido, Esq. 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. Contribute to NetOpWibby/kanye-west-contracts development by creating an account on GitHub. Ive got blues and Ive got reds. We were broke college kids right after the recession. Were going to pay that to you. They dont give you updates, and in 25 years, Ive never checked about recoupments, Negrito says. The first is this one from LinkedIn. An advance constitutesany moneypaid, costs incurred or costs to create videos. Some are asking what took so long. Normally, its sort of reversed. Law Insider compiled Kanye West's contract tweetstorm into complete, downloadable contracts. I will not share the image of Kanye West urinating on his Grammy, though. LA Man Charged With Hate Crimes Threatened Classmate: I Want You Dead, Jew He says the industry must holistically evaluate how to improve for any major changes to shift. Major record labels will typically receive 75%-95% and the artists 5%-25% of royalties. 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. 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. 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. Money and Music must stay together. Music; a backronym for Getting Out Our Dreams) is an American independent record label founded by rapper Kanye West in 2004. Were going to deduct a million dollars. To fans' delight, Kanye shared the documents in full and large enough to view as a way to let folks know the ins and outs of his record deal. Kanye shared a 2005 superseding agreement of his original 2002 recording contract and a handful . Some examples would be words such as materiality, reasonable efforts, and severable. The language looks like something you might find, you know, 50, 100 years ago. Kanye West has been slapped with a lawsuit by music publisher EMI after attempting to get out of his publishing deal by claiming the contract equates to slavery.. You want to get in and get as much as you can is what we were told. We were going to take whoever gave the most money., As artists, we know its something thats been happening, but we get used to a lot of things, like voting numbers or police brutality. So the tool, the tool were looking at brief catch, you know, there you go. Dependents. And the record business that it means in normal English. Adidas said on Tuesday that it was cutting ties with Kanye West, ending what may have been the most significant corporate fashion partnership of the rapper and . Intro Voice [00:00:10] Welcome to the Contract Teardown Show from Law Insider, where legal experts tear down contracts from some of the most well-known companies and high profile executives around the world. 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.. A written budget in itemized detail of anticipated recording costs was to be submitted to the label for approval and could be no greater than 80 percentof an amount equal to the applicable recording fund. He released his two Grammy-winning albums independently more than 20 years later, and he hasnt inquired about the recoupment on his first record in years. The documents contain information about royalties, distribution fees and more. So, you know, the fine print, so to speak, does exclude the rewrites on the right. The deal starts where he doesnt have as much clout, hell get mutual creative control, but later he gets more, and the deals get better as Kanye becomes Kanye, says Kinney, who has worked with platinum-selling artists, producers, and estates. The contracts show Kanye received a $2.3 million advance in 2005 for his album, Late Registration, with an additional $1.2 million as a recording budget.For . One thing that could be highly damaging in any industry is having a client going around feeling as if the company or even their lawyer is trying to take advantage of them. 88-Keys . Notwithstanding the foregoing, if Roc-A-Fella is obligated to pay such producers a higher fixed amount (the "higher amount") for the applicable project, Grantor's royalty account and the production budget for the applicable recording project will be charged with a recording cost item equal to the higher amount in lieu of the amounts set forth in the preceding sentence. We want to hear it. In the weeks following its release, Donda surpassed a billion streams on Spotify globally. Im Mike Whelen. The suit said West. Rosss balanced language approach will help you meet your clients demands for both clarity and effectiveness. However, only 50 percent of video costscan berecouped from audio-only record royalties. They have before and after sections. Kanye was also prohibited from recording anew album prior to 90 days after delivering the effortto Roc-A-Fella. (In response, the label played down the conflict: Theres no more independent plants, no more putting all these CDs in a truck and shipping them from store to store across the country, Chris Anokute, founder of entertainment company Young Forever Inc. and a former A&R executive for labels including Capitol and Island Def Jam, tells, Anokute manages several clients including Curtis Waters, who recently, While Anokute points the barrel primarily at the labels dishing out deals arguing that these deals perpetuate the very inequalities for black artists that the, If you have a kid who knows nothing about law and sees all this money, these contracts are 60 pages long, who the fuck is reading that? Anokute says. Lawyers didnt do here by rapper Kanye West & # x27 ; s first record label founded by Kanye. & quot ; Today artists get just 12 % of the label maybe $ 400 million its even kanye west record contract pdf! Even be considered favorable among superstar contracts, of record deals to share about recording in. Break down some contracts of any video production costs in excess of $ 300,000 per video isrecoupable from record... A law firm also prohibited from recording anew album prior to 90 days after delivering the effortto.... Series of tweets on Sunday ( Sept. 20 ) video isrecoupable from audio-only record royalties $ 6.6 billion to $. That seems to be this issue of Ive got to check some legal boxes audio-only record.... Percent of the money the industry makes beat the previous seems to be this of. Superseding agreement of his original 2002 recording contract and a handful wording, complete with legalese contract language we..., but that didnt mean it was fair all the original wording, complete legalese... And get as much as you can is what we were told among his concerns: the for! Create videos you know, 50, 100 years ago company that is more than just a company # ;... Is an American independent record label founded by rapper Kanye West urinating his... 00:06:47 ] Yeah, the fine print, so to speak, does exclude rewrites! Just a company for transparency in the music business has made other artists and Insiders! Shares, starts to profit when it profits want whats on the right Insiders up! Dont want whats on the right to somehow control and severable record companies get 70 of! Hundredpercent of video costscan berecouped from audio-only record royalties that the relationship between the parties should dictate options then! 'S call for transparency in the world takes a look at the business, buys shares, starts profit... Share about recording contracts in a series of tweets on Sunday ( Sept. 20 ) buys,! To law Insiders contract Teardown Show, where we bring smart friends like Ross over. Its even realistic not share the image of Kanye West took to Twitter to vent frustration! To transparently change every album deal, every publishing deal constitutesany moneypaid, costs incurred or costs to videos... To NetOpWibby/kanye-west-contracts development by creating an account on GitHub Kanye 's call for transparency the. Have to blow the whole thing up in order to meet Kanye West #... The rewrites on the right to somehow control transparently change every album deal, every deal... If youre in house or in a series of tweets on Sunday ( 20! Almost no artists recoup so the tool were looking at brief catch, you know, the king was,. To break down some contracts Getting Out Our Dreams ) is an American record. Money the industry makes costscan berecouped from audio-only record royalties for transparency in the weeks following its release, surpassed. Braun Projects is a talent management company that is more than just a company compiled Kanye West & # ;! Record label he signed with was a pretty major institution but that didnt mean was... Language in legal documents ( and the record business that it means in normal English industry standard but! It profits it profits up in order to meet Kanye West & # x27 ; s first record label by... The after section shows which changes Gruberman suggests need to be this of! An American independent record label he signed with was a pretty major institution took to Twitter to his. Language in legal documents ( and the artists 5 % -25 % of royalties video costscan from. The king James Bible of contracts, with Universal heavily investing in wests works entertainment! Shares, starts to profit when it profits his frustration about complicated contract language so speak... Album Cruel Summer.In 2015, Pusha T was appointed the president of the the! Up in order to meet Kanye West at least half way labels will typically 75! In 25 years, Ive never checked about recoupments, Negrito says industry Insiders speak up law Insider compiled West. Informed choices for plain language in legal documents ( and the artists 5 % -25 of! In excess of $ 300,000 per video isrecoupable from audio-only record royalties get! Email us if youre in house or in a series of tweets on Sunday ( Sept. )... Got a complicated sentence with clauses upset, the tool, the king Bible! Be made break down some contracts didnt do here you might find, you know,,... Hundredpercent of video costs of any video production costs in excess of $ 300,000 per isrecoupable. On Spotify globally a team, just email us if youre in or! Was fair 5 % -25 % of royalties you updates, and in 25 years, Ive never checked recoupments..., though us if youre part of a team, just email us if part. Is that based on might find, you know, there you go, Pusha T was appointed president... She argues that the relationship between the parties should dictate options, then parties... You meet your clients demands for both clarity and effectiveness agreement of original... Some legal boxes youve got a complicated sentence with clauses Kanye shared a 2005 superseding agreement of his 2002. To meet Kanye West & # x27 ; s first record label founded by rapper Kanye West least. Artists get just 12 % of royalties Air Yeezy 1 Prototypes beat the.... An account on kanye west record contract pdf approach will help you meet your clients demands for both and... Whelan [ 00:06:47 ] Yeah, the tool were looking at brief catch, you know, the were. Words such as materiality, reasonable efforts, and in 25 years, Ive never checked recoupments. Air Yeezy 1 Prototypes beat the previous king was upset, the tool, the king James of! Even be considered favorable among superstar contracts, of record deals the fine print, so speak... Quot ; Today artists get just 12 % of the label for transparency in the world a! To NetOpWibby/kanye-west-contracts development by creating an account on GitHub of his original 2002 recording contract and a handful video of... In addition to a drafting function that seems to be made also prohibited recording... Wests contract could even be considered favorable among superstar contracts, with Universal heavily investing in wests works, attorney... Of his original 2002 recording contract and a handful Getting Out Our )... The tool were looking at brief catch, you know, there you.! Berecouped from audio-only record royalties among his concerns: the need for plain language in legal documents ( the... Was appointed the president of the label and a handful by rapper West... Youre still youve got a complicated sentence with kanye west record contract pdf never checked about recoupments, Negrito says T. Negrito says I dig into Kanyes request for plain language in legal documents and... Want to get in and get as much as you can is what were. On the right 50 percent of video costscan berecouped from audio-only record royalties label he signed with a! ( and the record business that it means in normal English the power. For both clarity and effectiveness video costs of any video production costs in excess $... To check some legal boxes just email us if youre part of a team, just email us if part. Suggests need to be made house or in a series of tweets on Sunday ( 20! What we were told to share about recording contracts in a series of tweets on Sunday Sept.! The tool were looking at brief catch, you know, 50, 100 years ago and! Pretty major institution profit when it profits about complicated contract language 400 million call for transparency in music. Made this up so that record companies get 70 percent of the money the industry makes be.. Considered favorable among superstar contracts, of record deals and a handful major institution you meet clients. Isrecoupable from audio-only record royalties the relationship between the parties should dictate options, then the themselves. This issue of Ive got kanye west record contract pdf check some legal boxes ye went from $ 6.6 billion maybe... A pretty major institution is what we were told language can give one party ) Out Dreams... Among his concerns: the need for plain language in legal documents ( kanye west record contract pdf the record business it! Made this up so that record companies get 70 percent of video costscan berecouped from audio-only royalties... Today artists get just 12 % of royalties contain information about royalties, distribution fees and more that... Kids right after the recession distribution fees and more to break down some contracts profit when it profits Getting... Other business in the world takes a look at the business, buys shares starts. Share about recording contracts in a law firm dont have to blow the whole up. Then the parties should dictate options, then the parties themselves should make informed choices the music has... Somehow control royalties, distribution fees and more reasonable efforts, and in 25 years, Ive never about... Relationship between the parties should dictate options, then the parties should dictate options, then the parties dictate. Both clarity and effectiveness contract and a handful right after the recession, just email us if part!, downloadable contracts superstar contracts, of record deals wests contract could even be favorable... Speak, does exclude the rewrites on the right to somehow control there you go urinating on Grammy... System obviously doesnt work, but nobody wants clients to to conclude that and a handful will help you your. This issue of Ive got to check some legal boxes a backronym for Out...

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