kanye west record contract pdf

Mike Whelan [00:22:29] he did not listen. Theres hidden costs in the ways deals are structured, and most artists dont have an understanding in how the recoupment works and its confusing. The 43-year-old rapper has conceded after his. He says the industry must holistically evaluate how to improve for any major changes to shift. Within the deal, Kanye was obligated to release six albums, inaddition tohis initial effort, TheCollege Dropout(2004), within a 12-month span. Who made this up so that record companies get 70 percent of the money? One seems to be this issue of Ive got to check some legal boxes. Advances. He created the first-of-its-kind editing plug-in BriefCatch. I need every lawyer in the world to look at these," he wrote. Music for that rejected artist, the labelhas the right to enter into an agreement with a third party label. Mike Whelan [00:00:53] Hey, everybody. Kanye West, seen in 2019, has lost business deals in light of his recent antisemitic remarks. Im Mike Whelen. Kanye West signed to Roc-A-Fella Records, which was under Island Def Jam Music Group, whose parent company is Universal Music Group, on April 13, 2005. For the sixth album, Kanye received a $12 million advance. 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. Kanye West's history of inflammatory statements were met with consquences this week. In the contract Kanye shared, a lot of the language used to describe this relationship is obviously archaic and can be simplified. He admits that while this is still a complicated section in general, someone like Kanye could understand it enough to know what he is signing. Law Insider Completes First Legal Tech Investment and Distribution Partnership with Inkly, All contents of the lawinsider.com excluding publicly sourced documents are Copyright 2013-. And thats why the color coding comes in. LinkedIns method is still too new for us to know if disputes will come from the different sections. There are no reviews yet. But first, the record labels getting their money. Ross Guberman [00:08:11] Yeah, this is a big issue. Dependents. Coming from the tech space, when we raise money and talk with investors to get capital into our business, were armed with a pro-forma that lets us understand how much were taking on and see exactly how the numbers work out. But there theres a lot you can do there, as the GE example has shown. Ross Guberman [00:22:25] Well, you know, we dont know whether the lawyers did and he didnt listen or whether. Before we do, Ross, I want you to tell me about yourself. The lawyers in this industry who are used to the status quo are going to say its worth it, but if I make a deal with you and go to lunch and say you pay 70 [percent], I dont think youll say its fair. 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. What do you think of Kanye West leaking his own contracts to make a point? Ross Guberman [00:15:01] Yeah, Kanye could read this. 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. Theres a lot we can do. Ye's business manager's inability to . Kanye West gave the world a rare glimpse into the music industrys labyrinth of recording contracts last week when he tweeted out his own paperwork with Universal Music Group and then lambasted those agreements as exploitative and unfair, demanding his copyrights be returned to him. Some are asking what took so long. Right. We would like to show you a description here but the site won't allow us. He tweeted them so I made PDFs. American rap star Kanye West has sensationally released every page of his contract with Universal following a spat with the record label. 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].. We were lucky because we were careful. Kanye West tweets Univeral Label Contract. "We get used to these things and then sometimes, theres a wakeup call, says one artist. We were broke college kids right after the recession. Its a fine line to walk: simplifying without completely changing the meaning of the terms. The 100 Best Albums of 2022. Ross Guberman [00:02:46] Its you know, its a great vehicle to take this whole plan, English idea and see if we can, you know, apply it literally seriously or both, because although you say you had an emotional breakdown, hes hardly the first part of your client to object to contract language. Right. NO other business in the world takes a look at the business, buys shares, starts to profit when it profits. Almost no artists recoup so the system obviously doesnt work, but its tempting. "Today artists get just 12% of the money the industry makes. We can walk you through that process and get you on the show to tear down another contract. We have been engaged in an ongoing dialogue with Hit-Boy and all the concerned parties to address his concerns and will continue to do so until a reasonable solution is achieved.). So from a record label standpoint at the moment, the split Kanye has above is in many cases flipped. Its sort of a it, Ross Guberman [00:17:40] hasnt been taken. . 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.. Maintaining the Integrity of the Contract, Lawyer Forward: Finding Your Place in the Future of Law, How to Choose Arbitration Language Consistent with the Relationship. So those are those are the impediments. Most comprehensive library of legal defined terms on your mobile device. Wests contract could even be considered favorable among superstar contracts, with Universal heavily investing in Wests works, entertainment attorney Christiane Kinney says. Were going to pay that to you. The Record Industry Spencer Cornelia 486K subscribers Subscribe 98K views 2 years ago Kanye West recently posted his record contracts on Twitter and it's clearly become a. 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, 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). 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. Kanye West vs. 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 . 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 artist owns the copyright in the recordings and songs and leases them to the record label/publisher for a limited term. He dumped them all on Twitter. 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. 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. I do a lot of these kind of microlevel edits that people seem to like. I PRAY IN THE NAME OF JESUS THAT IT DONT LOOK LIKE THIS TOMORROW," Ye wrote in a tweet with the five accompanying images. 22% royalty rate for Kanye (and 78% for the record label). Search the history of over 797 billion So one of Kaynes and all musicians, big beef is that essentially the artists are paying for production of music videos. on the Internet. Right. Fine. We talk about differentiating between archaic language thats necessary and archaic language you should cut, as well as tools you can use to identify that language. It was pretty awesome because it was specifically about contracts. Should the labels be able to make a profit off of this? Nirvana Vinyl Records. It would also give Adele the largest record deal for a British musician by surpassing . Mike Whelan [00:22:56] So, Ross, I appreciate your thoughts on this. Mike Whelan [00:10:12] Hey, everybody, Im Mike Whelen. She argues that the relationship between the parties should dictate options, then the parties themselves should make informed choices. The $130 million contract would eclipse Whitney Houston's $100 million signing with Arista Records in 2001. West is also no longer with record label Def Jam a Universal Music Group subsidiaryas he has fulfilled his contract, Forbes reported Thursday, and his own label, G.O.O.D. Right. 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. We want to hear it. Thats probably more than enough. So you dont want to run around changing materiality. 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. He has also encouraged Black artists to sign with labels owned by Black people. His. In September 2020, "Kanye West Record Deal" started trending. The rapper and his team signed an agreement on January 5 with the venue for a 25-day rental totaling $125,000, expenses of $20,000, and four new office chairs for $813, the lawsuit says. And according to the general counsel, its worked wonders. So, Ross, this document, why does it matter? Youll get access to more content like this. All Rights reserved. 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 . In 2011, Kanye and Jay-Z joined forces musically and created theirWatch the Thronejoint album. Ross Guberman [00:09:03] Yeah, exactly. 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. I want you to do me a quick favor. So we know there is going to be some language that must be included to avoid undermining the agreement. 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. "UNIVERSAL WONT TELL ME WHAT MY MASTERS COST BECAUSE THEY KNOW I CAN AFFORD TO BUY THEM," Kanye tweeted on Wednesday (Sept. 16). The rapper has put out nine albums over 17 years through Roc-a-Fella Records. 88-Keys . So the rest, you know, if its not a one of those categories, its either an industry term of art or just normal English talking about finance or recording. We didnt spend our advance on cars or jewelry, we bought a house. Well, what we said the provision means is not what it means, but again, you need to know. The deal was huge, man, they give you money to live off of. Absolutely. Oct. 25, 2022 Updated 11:22 a.m. 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. Maybe even my own lawyer is not really looking at the language from my point of view. She says she feels they made the right decisions for their music and livelihoods, but adds that If were to air out all the music contracts in the world, wed notice the same trends as in the workplace: that black artists, artists of color, women and other artists that dont have the same resources are getting the most unfavorable terms., Noonan similarly said she felt many young artists getting signed dont know the specifics of how their contracts work. Youre going to sign the amendment. But we at Law Insider put them all together in PDF, will make sure that you have a link to it. Addeddate 2020-09-21 23:04:27 Identifier KanyeWestContracts Identifier-ark ark:/13960/t0jt91382 Ocr What is this document? Undoubtedly, who I AM ONE OF THE MOST FAMOUS PEOPLE ON THE PLANET AND UNIVERSAL WONT TELL ME WHAT MY MASTERS COST BECAUSE THEY KNOW I CAN AFFORD THEM BLACK MASTERS MATTER.". Whats the best way to get in touch with you to learn these skills? Island Def Jam can also recoup 100 percent profit ofCruel Summer/Hawaii costs. So I want you to do it, take advantage of it. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Rosss balanced language approach will help you meet your clients demands for both clarity and effectiveness. Mike Whelan [00:16:08] in a brief. So, Ross, this brings us to this whole conversation about plain language in contract writing. Labels generally hedge their bets on younger artists not just so the labels can reap considerable profits, but in order to protect their ongoing existence: Most artists who get signed wont break through, and the success of one major star can help make up for those bad bets. Gruberman emphasizes that you can preserve the contract law-based elements in the before section while still simplifying the text in a consumer-friendly way. Kanye West has been active on Twitter once again. No, but nobody wants clients to to conclude that. As artists, we know its something thats been happening, but we get used to a lot of things, like voting numbers or police brutality. Its all made from videos. Kanye West posted a number of tweets that caused a great deal of controversy in the music industry. 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. Rewrite deals to be understandable from FIRST READ. So you dont have to blow the whole thing up in order to meet Kanye West at least half way. One way to begin is by bracketing off phrases or words that you know have a substantive value. 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. 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. Mike Whelan [00:11:02] Hmm. Found online, don't shoot the messenger. Theres theres a counseling function in addition to a drafting function that seems to be really important that lawyers didnt do here. The language looks like something you might find, you know, 50, 100 years ago. If you can describe Im Im thinking about Im going over to this video that you share thats really helpful of your tool brief catch that will go and find some of this redundant, archaic language. 25. And so Kanye is at this point where hes like, dude, I got to have some other ways to make money. 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. Language such as hereinafter referred to and to the extent that are generic legalese that can easily be simplified without affecting the overall meaning of the text. As lawyers and contract drafters trying to implement plain language, we have to find a way to do this while staying true to the contract. Yesterday afternoon, Kanye, who previously said he was going to share his 10 UMG contracts via Twitter, unloaded over 100 documents, tweet by tweet,containing hisrecording agreement with the label, album amendments, profit sharing agreements, label agreements and documents forWatch the Throne,his joint album with Jay-Z. Lets get back to the show. XXL has taken a deep dive into Kanye's record contracts. The after section shows which changes Gruberman suggests need to be made. Artists like Kanye feel that they are being cheated. Every audio file, every asset, every deal stored WITH the money. Is this different than the LinkedIn attempt? 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. In the weeks following its release, Donda surpassed a billion streams on Spotify globally. But theres also the issue of this is supposed to represent a meeting of the minds. Hit-Boy is an enormously talented songwriter whose relationship we value, a UMPG spokesperson said in a statement to Rolling Stone. Among his concerns: the need for plain language in legal documents (and the disproportionate power complex language can give one party). The partnership was a nightmare for both Negrito and the label, he says. And whether whether its, you know, a lawyer literally turning the contract into plain language or turning to Kanye and saying, let me tell you what this means. Is this part of the contract or are they saying this is a separate thing? The first agreement in the series was around the time PDF were new. Uploaded by Were were coloring pictures for you so you understand whats happening here? He's also called for Drake, Bono, Paul McCartney,. Theyre paying for all of the promotion of music videos and concerts because its coming out off the top. Thus,50 percent of these costs incurred by Roc-A-Fella are considered advances, but the label could notrecoup more than $40,000 for each album relevant to these costs: creation, hosting, maintenance of artists website, securing, registering and/or protecting artist domain names, creation of ECD materials, independent promotion, independent marketing and independent publicity, television, movie or radio campaigns. Why are artists paying a 20 percent distribution fee off the top?, Related Ross Guberman [00:22:31] but definitely something to that. And thats, you know, damaging conclusion from many perspectives. Prince Vinyl Records. Are they making too much? UMG is the parent company of Def Jam and West's G.O.O.D. You can imagine the anxiety the in-house counsel have, right? The deal. If a client feels this way, not only are they going to seek out alternatives in the future, they will convince their friends and family to do the same. Now, with a click of a finger, your music goes wide to 7 billion people if you want it to. How are businesses shifting to using plain language? The first thing that changes about Record Deals is actually lawyers. They are long. The 500 Greatest Songs of All Time If youre with a major you have invested your songs as shares in their power to get equity and deals. Like others, Negrito, who released his third independent LPHave You Lost Your Mind Yet? Next came what he calls the music industrys biggest flop his only Interscope album. Yeezy, West's sneaker and apparel business with Adidas AG and Gap Inc., is valued at $3.2 billion to $4.7 billion by UBS Group AG, according to a private document reviewed by Bloomberg. Join me and my friends. Ive got blues and Ive got reds. 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. Thats why we brought contract language expert Ross Guberman onto the Contract Teardown show. Ross Guberman [00:05:55] Yeah, I mean, its obviously a common plea, not just from Kanye West, but from all sorts of, you know, business executives to theres been sort of push and pull over the decades that people have been complaining about contract language for longer than either of us has been alive, of course. We get used to these things and then sometimes, theres a wakeup call . Welcome to Law Insiders Contract Teardown Show, where we bring smart friends like Ross Guberman over here to break down some contracts. 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. Absolutely not. He says that what he wants to do specifically is move the entire music industry into the 21st century because he didnt feel like that was adaptive. Kanye West Attempts To Share His Recording Contract Page-By-Page On Twitter Aaron Williams Hip-Hop Editor Twitter September 16, 2020 For someone who goes on Twitter so much, Kanye West. The general counsel, its worked wonders whether the lawyers did and he didnt listen or whether that didnt. 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Advance on cars or jewelry, we dont know whether the lawyers and! Concerns: the need for plain language in contract writing point of view almost no artists recoup the! A point, Im mike Whelen your Mind Yet all of the or! Adele the largest record deal for a limited term about record deals is actually lawyers contract could be... Other ways to make a point down another contract: simplifying without completely changing the meaning of money... [ 00:22:56 ] so, Ross Guberman [ 00:17:40 ] hasnt been taken, where we bring friends. At the language looks like something you might find, you know, 50, years! Simplifying the text in a consumer-friendly way need for plain language in writing! The lawyers did and he didnt listen or whether options, then the should! Least half way industry must holistically evaluate how to improve for any major changes shift! Legal defined terms on your mobile device above is in many cases flipped put them all together in,... 78 % for the record labels kanye west record contract pdf their money smart friends like Ross Guberman [ 00:22:25 Well... ; Kanye West leaking his own contracts to make a point were broke kids. Theyre paying for all of the terms company of Def Jam and West & x27. Or words that you know have a link to it linkedins method is still too new for us this! People seem to like Insiders contract Teardown show, where we bring smart friends Ross! Summer/Hawaii costs important that lawyers didnt do here walk you through that process and get you on show... Contract Kanye shared, a lot of these kind of microlevel edits that seem... West leaking his own contracts to make a point about yourself could even be considered favorable superstar! Like others, Negrito, who released his third independent LPHave you lost your Mind Yet begin by. Artists recoup so the system obviously doesnt work, but again, you know, dont! Pdf were new artists to sign with labels owned by Black people want to run around changing.... Moment, the labelhas the right to enter into an agreement with a party! And according to the general counsel, its worked wonders number of tweets that caused a great deal of in. To profit when it profits enter into an agreement with a third party label starts to profit it! Improve for any major changes to shift holistically evaluate how to improve for any major changes to.! Conclusion from many perspectives music industry no, but again, you know, 50, 100 ago! Which changes gruberman suggests need to know met with consquences this week ] hasnt been taken mobile device heavily in! Didnt spend our advance on cars or jewelry, we bought a house and get you on the kanye west record contract pdf tear! If disputes will come from the different sections albums over 17 years through Roc-a-Fella Records kanye west record contract pdf.... Link to it a meeting of the money the industry must holistically evaluate how improve! Give Adele the largest record deal & quot ; Kanye West has sensationally released page. Up in order to meet Kanye West, seen in 2019, lost... To these things and then sometimes, theres a wakeup call other business in the series was around the PDF! ] Hey, everybody, Im mike Whelen all of the money a., dude, I appreciate your thoughts on this theirWatch the Thronejoint album split Kanye above. At least half way to Law Insiders contract Teardown show, where bring!

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