If you’ve been following the Taylor Swift situation with her former label, you’ve probably seen the unsurprising news that Taylor plans to re-record some or all of her prior catalog. This raises the issue of the customary “re-recording restriction” and “re-producing restriction” found in artist and producer agreements respectively. Re-recording restrictions are designed to give […]
Chris posted “One for You, Nineteen for Me: Is Kickstarter Money Taxable?” on the Semaphore Music blog. It’s a short explanation of tax issues with taking crowfunding money.
Unrecouped To be “unrecouped” under a recording agreement means that an artist has received an advance but has not yet earned monies equal to that advance. Advances are a prepayment of (or in jargon, “paid against”) revenue streams that are defined in the contract under which the advance is paid—meaning that if a record company […]