A host of organizations have come together to create MusicCovidRelief.com, a website that explains the ins and outs of the CARE Act, the pandemic relief bill. Spend some time on the site and learn about the many cash resources made available by the historic legislation. The good news is that self employed and small business […]
Artists often overlook the fact that they are running a small business and they do it old school–if you don’t make, you don’t make. Cash basis taxpayers. And speaking of taxpayers, the time of year you realize that you are running a small business is right about now at tax time. So in the current […]
It may come as a surprise but until a couple years ago, Facebook never licensed music or paid royalties. To my knowledge, Facebook paid huge payments to major labels and publishers and also made some deals with a handful of indie labels. These payments probably totaled around $500 million, or that’s the rumor. Rather than […]
[This is an informative post from Rachel Rascoe at the Austin Chronicle about independent contractors filing for unemployment insurance. Although it focuses on Texas, it’s probably pretty much replicated process across all states. h/t Nikki Rowling for spotting it, big thanks to Rachel for her post and as always to the Chronicle for being the […]
US GDP is 70% consumer driven. Demand collapse is what causes depressions, real depressions. Goldman Sachs estimates that the U.S. economy could contract by 24% in the second quarter (which starts next week). Say what you want about Goldman, money is something they’re fairly good at. That is a Great Depression level of contraction. If […]
You may not have noticed, but many music services have a clause in their direct licenses that allows them to delay royalty payments if your accrued royalties are less than a certain amount, often $50. This is on top of paying quarterly in many cases (as opposed to the monthly payments required by the statutory […]
[This post first appeared on MusicTech.Solutions] After the cancellation of SXSW, we need to think about those “force majeure” clauses that everyone skips over in contractual boilerplate. “Force majeure” or the less secular “Act of God” clause is a species of the “impossibility of performance” defense to a breach of contract claim that excuses the […]
