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review any contracts you sign. I have found that any time I have to hire a lawyer, I have to hire another lawyer to watch that lawyer then I have to watch both. A good example of this is that of Grand Funk Railroad and their manager Terry Knight. Mark Farner’s suspicious intuition was right about Terry but he didn’t follow through on it. Terry was a good manager - to a point. In the beginning he loved the band, knew how to dazzle and lead them, appeared to be a ‘friend’ - but ultimately Terry took egregious advantage of the band. Terry has said, “They had only 3 months left on the contract.” He knew it. They may have known it, may not have understood the ramifications; regardless,Terry was supposed to manage them, was paid to manage them, and should have worked with them, protected them on that instead of suing them for $57 million dollars. Greed became more important than doing his job or friendship at that point. “By 1971 Grand Funk Railroad had sold over 10 million records in just over 2 years. On June 5, 1971 tickets went on sale for a Grand Funk concert in New York Shea Stadium. The only other band to have played Shea was the Beatles in 1965. Grand Funk Shea Stadium sold out in 72 hours. It took the Beatles 7 weeks. Mark Farner said, “There were no words exchanged. When I looked over at Mel, he was just like, can you believe this, we’re 3 guys from Flint Michigan, a garage band, on stage at Shea Stadium in front of 50,000 people!” ....Living on $350 (dollars) a week...”
Valuable Articles Posted on Facebook by Tracii Guns http://thebaffler.com/salvos/the-problem-withmusic NY Times Royalty Rules Unaltered http://www.nytimes.com/2016/07/01/business/ media/justice-department-wont-alter- music-industry-royalty-rules.html?_r=0 Forbes Crushing Blow to Songwriters http://www.forbes.com/sites/brittanyhodak/2016/07/01/u-s-dept-of-justice-deals- crushing-blow-to-songwriters/#7fffcef11127
HOW TO SELL YOUR OWN MUSIC PAGE XVII
iTunes Sales Signing up to offer your music on iTunes is free - however, they eventually make you pay one way or another. And personally, as a customer I have to sign up to a monthly account whereas I may not use it monthly. Once you add your credit card, good luck getting them to stop charging recurring billing. I prefer to purchase directly from the artist. Additional details on the sales terms are available during the sign-up process. Be sure to read it. http://www.apple.com/itunes/working-itunes/ sell-content/music-faq.html You may need a Universal Product Code (UPC) and International Standard Recording Code (ISRC). UPC stands for: Universal Product Code. It has 12 digits and identifies a product such as an album, single or EP. An ISRC Code stands for: International Standard Recording Code is a standard code for identifying songs. https://www.usisrc.org So for instance an EP which has 5 songs has: • 1 EAN Code (which describes the product) • 5 different ISRC Codes, one unique code forevery song. • The ISRC system is the key to royalty collection for recordings in the digital information age. (Radio play, etc.) • ISRC is a unique, reliable, international identification system. • ISRC provides a unique tool for the purpose of rights administration. • ISRC is a useful identification tool in the electronic distribution of music. • ISRCs are readable by hardware already used in the recording industry. • ISRCs can be used without requiring investment in special equipment or technologies. • ISRCs are a mandatory requirement of Official Chart governing bodies. • A UPC (12 Digit Universal Product Code number) or EAN (13 digit European Article Number) is simply a number which can be exclusively associated with your Album, EP, Single or Merchandise Item. Unlike an ISRC number which is used to identify an individual recording a UPC or EAN number is used to identify a group of recordings or a physical product.Arkade recommends that you use an EAN number which can be purchased for a small charge without requiring that you be-