20 Questions for New Artists: Artist Glossary--"Advance"

Music Technology Policy

Artist Glossary of Industry Terms: "Advance" An “advance” is almost always defined as a pre-payment of royalties, whether the advance is paid by record company to an artist, a publisher to a writer or a merchandiser to an artist. An advance is also sometimes called a “minimum guarantee”. Advances in the music industry do not earn interest and are not loans. The advance is only “recoupable”—meaning that the advance is applied against earned royalties.

CREATIVE ACCOUNTING

Entertainment Law Resources Blog

The major studios determine profits for participants using their own special accounting rules as set forth in their net profit defi¬nitions. The accounting profession has generally agreed-upon rules called Generally Accepted Accounting Principles (GAAP). There are special guidelines for the motion picture industry called Financial Accounting Standards Bulletin 53 (FASB 53). These rules provide, among other things, for the accrual method of account¬ing.

Trending Sources

CREATIVE ACCOUNTING

Entertainment Law Resources Blog

The major studios determine profits for participants using their own special accounting rules as set forth in their net profit defi¬nitions. The accounting profession has generally agreed-upon rules called Generally Accepted Accounting Principles (GAAP). There are special guidelines for the motion picture industry called Financial Accounting Standards Bulletin 53 (FASB 53). These rules provide, among other things, for the accrual method of account¬ing.

Motels Singer Advances in Lawsuit Over Digital Royalties

THR, Esq. Entertainment & Media Law Blog

A judge won''t dismiss class action claims over a record label''s accounting. read more. The Business Music THR, Esq. Business

Can Sponsors Draft Agreements to Account For Potential Lockouts of Professional Sports Leagues?

Film and Television Law Blog

The agreement’s language should also be broad enough to account for a variety of labor disputes that would impair the league’s ability to fulfill its obligations.   Since sponsors generally have to plan their advertising campaigns well in advance of the season, this sort of clause can help the sponsor avoid a situation in which it would be committed to regular payment despite a lack of games. Labor disputes caused a few professional sports leagues to call a timeout in 2011.

Can Sponsors Draft Agreements to Account For Potential Lockouts of Professional Sports Leagues?

Film and Television Law Blog

The agreement’s language should also be broad enough to account for a variety of labor disputes that would impair the league’s ability to fulfill its obligations. Since sponsors generally have to plan their advertising campaigns well in advance of the season, this sort of clause can help the sponsor avoid a situation in which it would be committed to regular payment despite a lack of games. Labor disputes caused a few professional sports leagues to call a timeout in 2011.

Can Sponsors Draft Agreements to Account For Potential Lockouts of Professional Sports Leagues?

Film and Television Law Blog

The agreement’s language should also be broad enough to account for a variety of labor disputes that would impair the league’s ability to fulfill its obligations. Since sponsors generally have to plan their advertising campaigns well in advance of the season, this sort of clause can help the sponsor avoid a situation in which it would be committed to regular payment despite a lack of games. Labor disputes caused a few professional sports leagues to call a timeout in 2011.

Spotify’s Latest Wrong Turn: Direct Licenses With Managers for Rights They Don’t Control

Music Technology Policy

Billboard reports that Spotify’s latest and greatest is paying a minimum guarantee (aka an advance against royalties) for direct deals for artists: Under the terms of some of the deals, management firms can receive several hundred thousand dollars as an advance fee for agreeing to license a certain number of tracks by their independent acts directly to Spotify.

5 people every producer needs to have on the team.

Gordon P. Firemark

Bookkeeper and Accountant. It also makes sense to have an accountant available to help with quarterly reporting, payroll, taxes and long range planning. Most business managers take on a broader role than that of a “regular” accountant.

Things to do for your business before the holidays get in the way.

Gordon P. Firemark

Make a list of these dates, and put them in your calendar, with an alert or warning set to remind you 30 – 45 days in advance. This greatly simplifies your accounting and taxes. and get them ready to send to your accountant. Fund your retirement accounts.

Things to do for your business before the holidays get in the way.

Gordon P. Firemark

Make a list of these dates, and put them in your calendar, with an alert or warning set to remind you 30 – 45 days in advance. This greatly simplifies your accounting and taxes. and get them ready to send to your accountant. Fund your retirement accounts.

Should you have a loan-out company for your work in entertainment?

Gordon P. Firemark

My discussions with accountants and other tax advisers suggest that if you are earning less than $75,000 annually, a loan-out company probably isn’t worthwhile. Thus, it is important that the company be established in advance, whenever possible.

Second Circuit Upholds Uber’s Mobile Contracting Process, Establishing Template for Mobile Online Contracting

New Media and Technology Law

Uber immediately moved to compel arbitration, contending that the user agreed to a mandatory arbitration provision in the company’s terms of service when he registered for an account on the mobile app.

Facebook Deathwatch: Millions Fleeing FB

Pixelization

But then, as I tweeted in on May 14, based on the feed I saw on my Facebook account, it looked like the demise of Facebook might already be beginning. He advanced several theories. I predicted the demise of Facebook on This Week in Law with Denise Howell back in January ( show no.

Mastering Talent Agility: 4 Steps Every Business Must Take to Build the Workforce of the Future

Pathgather

It takes into account all the levers that are needed to build and develop talent: Learning & Development, acquiring and retaining talent, and engaging them.

20 ways to use your entertainment lawyer in the new year.

Gordon P. Firemark

I myself teach advanced courses in business law and theatre law, and I guest lecture to film and theatre students regularly. Accountant? Are you missing opportunities because you're not using your entertainment lawyer? If you're like most people, you don't think much about having a lawyer on your side until you need advice, or to make or defend against some kind of threat.

Seabrook’s Stories About Money

Music Technology Policy

Here’s the quote: The reason most artists don’t get paid from Spotify is that the labels use their money to pay huge advances to artists like Adele. Since Adele probably added a zero to the music business with 21 , I think that any advance to Adele was well deserved.

Episode 35 – Hot Dogs and Hot Topics

Gordon P. Firemark

Clio allows you to manage your matters, clients, time, bills, trust accounts and more all through a a secure, easy-to-use, web-based interface. Call us with your feedback: (310) 243-6231. In this Episode: James Taylor sues WB Records. Gamblers prevail.

FirmFuture Conference in Boston is One Week Away

Media Law

Focused on law practice management and legal technology, the conference features a great line-up of speakers and programs covering topics that range from IOLTA account management to time management to marketing and business development. 27, to get the advance registration rate of $65. If you are anywhere near Boston, mark your calendar for Monday, Oct. 1, when the FirmFuture conference kicks off at the Copley Marriott.

JUST PUBLISHED! 2ND EDITION RISKY BUSINESS

Entertainment Law Resources Blog

WHEN A DISTRIBUTOR DEFAULTS Selecting a Distributor Creative Accounting Conducting an Audit How Revenue Is Divided Creative Accounting Pitfalls Accounting Terms Defensive Tactics A Filmmaker's Bill of Rights 8. UPDATED AND REVISED $26.95

IFTA 61

Independent Bumps

DealFatigue

The bonus is often negotiated as an advance against the purchase price. ” This should confirm what everyone already suspects: there’s no accounting for taste even among the taste makers.

Independent Bumps

DealFatigue

The bonus is often negotiated as an advance against the purchase price. ” This should confirm what everyone already suspects: there’s no accounting for taste even among the taste makers.

Independent Bumps

DealFatigue

The bonus is often negotiated as an advance against the purchase price. This should confirm what everyone already suspects: there’s no accounting for taste even among the taste makers.

Twenty More Questions for Artists: Record Producer Agreements, Part 3, Recoupment to “Record One”

Music Technology Policy

Producer royalties are typically payable after the recording costs for the tracks that the producer works on are recouped, because the recording costs are an advance by the record company to the artist, or the artist has raised the money some other way such as through the artist’s own funds. royalty is payable retroactively to record one at the net artist rate, subject to recoupment of the producer advance. Producer Advance = $20,000.

Two Books Help Lawyers Get LinkedIn

Media Law

Before the Knapp/Dayton book came out, I had an opportunity to review and comment on an advance copy. The first starts with the very basic aspects of setting up a LinkedIn account and choosing between the free or paid versions. The free account is all most lawyers need, they advise.)

Goliath Never Learns: Watch Out for Music Choice Duping Artists for Music Modernization Act in Senate

Music Technology Policy

This statutory license is a huge benefit for everyone who uses it as they can avoid individual negotiations, get streamlined royalty accounting to SoundExchange and never have to pay–clutching pearls–artist advances.

Music 70

JUST PUBLISHED! 2ND EDITION RISKY BUSINESS

Entertainment Law Resources Blog

WHEN A DISTRIBUTOR DEFAULTS Selecting a Distributor Creative Accounting Conducting an Audit How Revenue Is Divided Creative Accounting Pitfalls Accounting Terms Defensive Tactics A Filmmaker's Bill of Rights 8. UPDATED AND REVISED $26.95

IFTA 52

Goliath Never Learns: Watch Out for Music Choice Pushing Hillbilly Deal on Artists for Music Modernization Act in Senate

Music Technology Policy

This statutory license is a huge benefit for everyone who uses it as they can avoid individual negotiations, get streamlined royalty accounting to SoundExchange and never have to pay–clutching pearls–artist advances.

Is a notice terminating a license to use a copyrighted composition sufficient to establish willful copyright infringement?

Film and Television Law Blog

In determining this amount, the trial court takes into account ‘the expenses saved and the profits reaped by the infringers’; ‘the revenues lost by the plaintiff’; ‘the value of the copyright’; ‘the potential for discouraging the defendant’ and ‘the deterrent effect on other besides the defendant.’

Statement of APA President Regarding the Traumatic Effects of Separating Immigrant Families

Communications And Entertainment Law Blog

We must adopt policies that take into account what we know about the harmful, long-term psychological effects of separation on children and their families. Through its divisions in 54 subfields of psychology and affiliations with 60 state, territorial and Canadian provincial associations, APA works to advance the creation, communication and application of psychological knowledge to benefit society and improve people's lives.

Twenty More Questions for Artists: Record Producer Agreements, Part 3, Recoupment to “Record One”

Music Technology Policy

Producer royalties are typically payable after the recording costs for the tracks that the producer works on are recouped, because the recording costs are an advance by the record company to the artist, or the artist has raised the money some other way such as through the artist’s own funds. royalty is payable retroactively to record one at the net artist rate, subject to recoupment of the producer advance. Producer Advance = $20,000.

Chris Castle’s @FourNights of Music Rights Seminar in Austin

Music Technology Policy

Texas Accountants and Lawyers for the Arts (TALA) and the Austin Creative Alliance (ACA) are proud to present Austin attorney Chris Castle’s “Four Nights of Music Rights” seminar series in September and October 2012 hosted by the Long Center. Attendance is free of charge, but advance registration is required. Band Basics Mini-Topic: B ank accounts, bookkeeping, taxes, health issues and insurance coverage.

Auction House Accused of Scraping Competitor’s Web Listings

New Media and Technology Law

Even in the advent of social media, mobile commerce, and advanced software, the issue remains relevant to today’s companies, as evidenced by the craigslist’s victory this past week against an aggregator that had formerly scraped its user postings. Heritage claims it suspended multiple fake accounts associated with defendants after it discovered such accounts had scraped millions of listings in 2016.

Securely Send and Share Documents Using docTrackr

Media Law

The recipient is required to create a docTrackr account and log-in, but there is no cost. Files transferred using docTrackr are encrypted using the Advanced Encryption Standard. The ability to share documents securely is of utmost concern to lawyers.

Spotify’s Songwriter Charm Offensive Stops Short in Sweden with STIM

Music Technology Policy

Amazon, Spotify and other online retailers protect their accounts payable risk carefully, and consequently their revenue. Having received that data feed, the society then determines how much of the usage for that accounting period is from songwriters it represents. Any digital service that is paying attention knows going into the deal that this glitch will happen, so has an opportunity to negotiate a solution in advance.

#howgooglegateworks: Will @senmikelee Investigate Washington Insider Beth Wilkinson?

Music Technology Policy

Results of an internal audit showing improper accounting within Fannie Mae is given as the reason for her resignation. As Professor Volokh notes : Jamie Gorelick was one of the Fannie executives who benefited from inflated bonuses based on Enron-style accounting. The Googlegate Mascot.

Researchers May Challenge the Constitutionality of the CFAA “Access” Provision as Applied to Web Scraping

New Media and Technology Law

In a preliminary decision, a district court held that the plaintiffs have standing and allowed their as-applied constitutional challenge to the CFAA to go forward with regard to the activity of creating fictitious accounts on web services for research purposes. But simply placing contractual conditions on accounts that anyone can create, as social media and many other sites do, does not remove a website from the First Amendment protections of the public Internet”).

Must Read Post by @rhettmiller: The Loneliness of the Long Distance Rocker

Music Technology Policy

The ability to record oneself in a bedroom represents an impressive flash-forward advance in technology, but it also is profoundly isolating. Writing a song might now be less important to your success than paying for a hundred thousand imaginary account holders to follow you on social media. Rhett Miller’s important “meet the new boss, worse than the old boss” critique.

Supreme Court Nominee Calls Trump’s Attacks on Judiciary ‘Demoralizing’ - The New York Times

Communications And Entertainment Law Blog

An account of the discussion was confirmed by a White House adviser working to advance the Gorsuch confirmation, who spoke on condition of anonymity because he was not authorized to comment. "WASHINGTON — Judge Neil M.

Judge 52

Is a notice terminating a license to use a copyrighted composition sufficient to establish willful copyright infringement?

Film and Television Law Blog

In determining this amount, the trial court takes into account ‘the expenses saved and the profits reaped by the infringers’; ‘the revenues lost by the plaintiff’; ‘the value of the copyright’; ‘the potential for discouraging the defendant’ and ‘the deterrent effect on other besides the defendant.’

Is a notice terminating a license to use a copyrighted composition sufficient to establish willful copyright infringement?

Film and Television Law Blog

In determining this amount, the trial court takes into account ‘the expenses saved and the profits reaped by the infringers’; ‘the revenues lost by the plaintiff’; ‘the value of the copyright’; ‘the potential for discouraging the defendant’ and ‘the deterrent effect on other besides the defendant.’

WHEN A DISTRIBUTOR DEFAULTS

Entertainment Law Resources Blog

The filmmaker was promised a $40,000 advance for U.S. The advance was payable in four installments over the course of a year. We re-licensed the picture to another home video distributor and received another $40,000 advance, thereby enabling the filmmaker to repay his investors. Advance/Minimum Guarantees: What is the amount of any advance? Accounting: How often does the distributor issue producer reports?

For Third Birthday, Clio Unveils New Features, Cleaner Design

Media Law

The most significant changes announced today are that Clio users can now integrate their accounts with three of the leading cloud-based document management applications: NetDocuments , Dropbox and Box.net.