Recording Rap
Royalties without a Hit?
Perhaps a misnomer, but the outcome is the same...musicians who record under the AFM Phonograph Record Label Agreement (AFM-PRLA), in addition to any money paid as a result of their having performed on the original session, will receive additional compensation as a result of record sales. For the royalty artist, this is in addition to the royalties as provided for under the agreement with the record company. This is true whether or not the recording that the musician performed on is a "hit," or even released.
Too good to be true? Not at all!
Here’s how it works:
Every six months all of the AFM signed record companies contribute (after certain specified allowances) a small portion of their profits into this special fund. During the year, every time a musician records under the AFM-PRLA, the amount of earnings for that work is logged with the Fund. At the end of the year, the contributions made by the record industry into the Fund are divided amongst all of the musicians who recorded that year. The musicians’ pro-rata share of that amount is determined by the amount of money that was earned for that year. If the musicians never record again, they will continue to participate in that program for four more years. The amount can be quite substantial and has ranged from three to five figures. In 1997 over $12.4 million was distributed to eligible musicians. Not bad for simply recording under the AFM system!
By the way, because recording industry contributions are calculated after generous allowances are figured in, while the musicians working for small record labels receive the same benefits, the record label’s contributions are miniscule.
ATTENTION RECORDING MUSICIANS!
Another group of you just got screwed...it’s time for Miami to quit being the toilet bowl of the recording industry!
We are beginning a series of meetings to discuss electronic media. The first meeting will be will be in September and will address phonograph records and jingles. Members and nonmembers alike are welcome to attend.
WHERE AND WHEN:
Morrison’s Cafeteria
1470 E Hallandale Bch. Blvd.
Hallandale FL (954)458-2002
Friday, Sept. 12 11:00-1:00pm
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