In in your estimation, does this thread the needle of checking the legal boxes, but also being plain enough? Ye also had to seek written approval from the labelat least 14 days before the first recording session. Artists like Kanye feel that they are being cheated. Thats why we brought contract language expert Ross Guberman onto the Contract Teardown show. Whats the principle here? And thats, you know, damaging conclusion from many perspectives. 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. Hit-Boy is an enormously talented songwriter whose relationship we value, a UMPG spokesperson said in a statement to Rolling Stone. Theres a lot going on here. G.O.O.D. Ross, how are you today? Youre going to sign the amendment. The 500 Greatest Songs of All Time Oct. 25, 2022 Updated 11:22 a.m. Tell me what people are talking about. Why is he so decidedly different, incredibly talented, bitingly frank, frequently controversial, and surpris-ingly or arguably humble all at once? Looking back, I've thought many times about what makes Kanye Kanye. And guys, this is a super long document. Youve got defined terms of art in there. This is the Def Jam amendment. Kanye West continues his campaign against major record labels. Guberman has dissected the Profit Sharing Agreement section of Kanyes contract and found several areas in which the language could be more transparent. Kanye Omari West (born June 8, 1977) is an American rapper, singer, songwriter, record producer, entrepreneur and fashion designer. He created the first-of-its-kind editing plug-in BriefCatch. He shared the dramatic, rant-fueled background and then took Kanyes request seriously. Rewrite deals to be understandable from FIRST READ. The Nike Air Yeezy 1 Prototypes beat the previous . So get rid of it. You know, this first sentence youre still seeing, first of all, the first sentence is six lines, right? Mike Whelan [00:14:30] So then talk to me about this after Im looking at the after version of the profit sharing agreement. Most comprehensive library of legal defined terms on your mobile device. So I have to keep it versus this is archaic and useless. So one of Kaynes and all musicians, big beef is that essentially the artists are paying for production of music videos. Were going to pay that to you. Oct. 28 (UPI) -- Kanye West has been sued for breach of contract in Florida for allegedly failing to pay for a rental space he wanted to use as a recording studio. They dont give you updates, and in 25 years, Ive never checked about recoupments, Negrito says. Musicto other labels within the UMG group of labels, if no other UMG group of labels wants to enter into an agreement through G.O.O.D. Is it fair? He released his two Grammy-winning albums independently more than 20 years later, and he hasnt inquired about the recoupment on his first record in years. And, you know, this sort of juncture between functional language and legal language languages is my sweet spot. Right. Almost no artists recoup so the system obviously doesnt work, but its tempting. So you dont want to run around changing materiality. Contract #1 [PDF] Contact #2 [PDF] Contract #3 [PDF] Contract #4 [PDF] Contract #5 [PDF] Contract #6 [PDF] Contract #7 [PDF] Contract #8 [PDF] Contract #9 New Recording and Publishing Deal Guidelines [ PDF] The Record Label / Publisher is a service provider that receives a share of the income for a limited term. You want to make sure everything is understandable, but you dont want to take related phrases within a provision and just willy nilly break them up into multiple sentences the way you might. We were broke college kids right after the recession. Youll get access to more content like this. So, Ross, were going to tear down the contracts that Kanye shared. Ross Guberman [00:20:11] Yeah, I think part of that is really bracketing off, just as you are saying, words and phrases that a lawyer knows have substantive value. Push the button. You want to get in and get as much as you can is what we were told. I think this is also, frankly, probably closer to what somebody like Kanye West could demand. So lets talk a little bit. Mike Whelan [00:01:20] Pretty classy nightstand, Ross. It would also give Adele the largest record deal for a British musician by surpassing . Is this realistic to even talk about plain language and contract drafting? 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. It is not uncommon for a label to take their cut, then take out expenses, and then pay the artist. Theres no more independent plants, no more putting all these CDs in a truck and shipping them from store to store across the country, Chris Anokute, founder of entertainment company Young Forever Inc. and a former A&R executive for labels including Capitol and Island Def Jam, tells Rolling Stone. She argues that the relationship between the parties should dictate options, then the parties themselves should make informed choices. 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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(last updated 12/31/2014). Let me do a screen show real quick to show people what were talking about. I have a lot of free articles and a lot of these before and after is also on Twitter. Kanye West's War Against Record Contracts Could Actually Work for Kanye, Anyway Kanye West wants his rights back. Uploaded for archival purposes. Gruberman states that it is possible to use plain English while keeping meaningful industry and legal terms intact. But then Ive also you know, Ive also indicated which provisions are really in the realm of contract lingo or contract law. Come join my friends. Mike Whelan [00:03:50] I realized after I got dressed to have our conversation that Im wearing the shirt that apparently everyone in D.C. wears. Maybe its about time I do that.. Prior toKanye's relentless tweeting session, heinformed his followers that he wasgoing to share 10 of his contracts with UMG, the parent label to his G.O.O.D. And then what happens is, as you can see from his other related tweets, the sense is not just, well, I dont understand the contract. So if Im a lawyer and Im negotiating with another side and youre very practical about these things, like although the plain language movement is nice, in theory, youve got to negotiate with somebody else who might like that archaic language. NO other business in the world takes a look at the business, buys shares, starts to profit when it profits. Kanye West gave the world a rare glimpse into the music industry 's labyrinth of recording contracts last week when he tweeted out his own paperwork with Universal Music Group and then. Exclusive Recording Agreement THE ISLAND DEF JAM MUSIC GROUP,A DIVISION OF UMG RECORDINGS, INC. 1755 BROADWAY NEW YORK, NEW YORK 10019 Dated as of March 10, 2013 Kanye West c/o Carroll, Guido & Groffman, LLP 1790 Broadway, 20 th Floor Suite 800 New York, NY 10019 Attention: Michael Guido, Esq. The deal was huge, man, they give you money to live off of. Within the deal, Kanye was obligated to release six albums, inaddition tohis initial effort, TheCollege Dropout(2004), within a 12-month span. We were lucky because we were careful. In the process of that latter Twitter. Ross Guberman [00:08:11] Yeah, this is a big issue. In 2011, Kanye and Jay-Z joined forces musically and created theirWatch the Thronejoint album. These are the documents that were talking about. Ye by Kanye West (Record, 2018) (9) 100% agree - Would recommend. Well, what we said the provision means is not what it means, but again, you need to know. Have a lot of free articles and a lot of free articles and a lot of free articles and lot. Nightstand, Ross lingo or contract law run around changing materiality and surpris-ingly or humble. Many times about what makes Kanye Kanye by surpassing artists are paying for production of videos! 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