The papers indicate that he started on a royalty deal frequently afforded to upcoming artists, which later evolved into a more artist-friendly pressing and distribution deal that gave Kanye more of the profits and bigger budgets as he became a superstar. How that how how that would play out. From that money, $4 million was allocated to recording costs. No, but nobody wants clients to to conclude that. Whats the language that stands out to you as particularly harmful to the understanding of the parties, which is really what a contract is supposed to do, right? Youve been dealing with this for a while. Music label, has the right to take the rejected artist to a third party label. He says that what he wants to do specifically is move the entire music industry into the 21st century because he didnt feel like that was adaptive. The breakdown for this amount was:$1.5 million was to be distributed to record the album. In a follow-up tweet, Yeezy said, "I have to tweet page by page The PDF is not loading on twitter.". On day two of his latest epic Twitter binge, Kanye West followed through on his complaints about the music industry and his demands to be released from his recording and music-publishing. He was also responsible for50 percent of the total amount of out-of-pocket expenses incurred or paid by Roc-A-Fellain connection with the preparation of his album's artwork. Will we be seeing a President Kanye? Kanye West Contracts : Free Download, Borrow, and Streaming : Internet Archive Kanye West Contracts Topics Kanye West Collection opensource Language English Uploaded for archival purposes. But as the music industry comes out of its 20-year tailspin, with streaming fueling new growth, artists arent satisfied with that arrangement, and many are demanding newfound power. The suit said West. Royalties. Were were coloring pictures for you so you understand whats happening here? And the record business that it means in normal English. Ye asked for $12 million, and $8 million would be paid promptly after the full execution of the 2012 amendment. In this episode of the Contract Teardown show, guest Diana Isyanova shares three possible approaches. So this is something later in the series, I imagine theres a back story, you know, tense, tense discussions about the money part. Copyright 2023 Penske Business Media, LLC. Ye by Kanye West (Record, 2018) (9) 100% agree - Would recommend. 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. So from a record label standpoint at the moment, the split Kanye has above is in many cases flipped. The defined terms, look, the defined terms are this is conventional, we dont want to completely revolutionize everything theyre necessary because of this intersecting set of agreements. And so Kanye is at this point where hes like, dude, I got to have some other ways to make money. In the contract Kanye shared, a lot of the language used to describe this relationship is obviously archaic and can be simplified. So those are those are the impediments. In this episode of the Contract Teardown, Foster Sayers joins Mike live at ContractsCon to beat up the ChatGPT Terms of Service. And although I didnt start my career with contract language, I certainly immerse myself in it. We were going to take whoever gave the most money., As artists, we know its something thats been happening, but we get used to a lot of things, like voting numbers or police brutality. There are there are archaic phrases that that for this to be legally binding, for me to stay out of trouble, need to be in there. The once hesitant label has now hit the. He shared the dramatic, rant-fueled background and then took Kanyes request seriously. Youll get access to more content like this. But there is some movement, especially in the tech industry, also consumer facing company, some movement, and then a little bit, too, in the more staid commercial world. So we dont want to change recouped because now we would be not faithful to the substance. See BBC report here. The sense is that someone trying to pull a fast one on me. Ross Guberman [00:07:15] So youre looking at a movement that started when those Capitol Hill hearings, but the tech companies were in the news. So I apologize to both of you D.C. people watching. I didnt know this was the thing, but apparently its a Twitter meme. Theres theres a counseling function in addition to a drafting function that seems to be really important that lawyers didnt do here. Welcome to Law Insiders Contract Teardown Show, where we bring smart friends like Ross Guberman over here to break down some contracts. Mike Whelan [00:04:08] wearing the shirt. The before section has all the original wording, complete with legalese. This is the Def Jam amendment. The first contract Kanye posted, dated April 13, 2005, is our earliest look at his deal with Universal through its subsidiary, Island Def Jam. #kanyewest #dramaalert #grammyWanna continu. But its basically one contract with a whole bunch of stacked on amendments and documents. UMG is the parent company of Def Jam and West's G.O.O.D. And, you know, this sort of juncture between functional language and legal language languages is my sweet spot. The label signed an exclusive long-term worldwide label agreement with the Island Def Jam Music Group in 2011. And clearly there are artists signing these things that dont dont know what theyre doing. Thats not the game here, Noonan recalls as the mindset when negotiating contracts. Ross Guberman [00:22:31] but definitely something to that. Were lucky we were told the truth in so many ways.. If youre with a major you have invested your songs as shares in their power to get equity and deals. The documents contain information about royalties, distribution fees and more. And theyre advised accordingly by an attorney at law whos telling them to sign this contract, and they say this contract is standard. Youll also get webinars and daily tips on drafting and negotiating contracts, not to mention access to the worlds largest database of sample clauses and contracts. Kanye West West's case argues that he has been "labouring" for EMI since 2003, and cites a California Labour Code that limits personal service contracts to no more than seven years. Roc-A-Fella was to approve any "recording elements,"which are listed as: selection of individual producer(s), selection of compositions to be recorded, specification of accompaniment, arrangement and copying services, selection of dates of recording and studios where recording is to take place. The . First is this one from Kanye. So theres this GE aviation series of rewritten contracts. You know, its a little some people would say, well, you dont want to mess around with indemnification, but in this case, it seems close enough to the original to be faithful legally while still being understandable. We don't know - still - who the next US president will be, but we do know who it won't be - Kanye West. Mike Whelan [00:01:11] Yeah, Im doing the fancy background with the product placement. Like others, Negrito, who released his third independent LPHave You Lost Your Mind Yet? Mike Whelan [00:17:34] Yeah, I like the phrase sufficient moneys. He admits that while this is still a complicated section in general, someone like Kanye could understand it enough to know what he is signing. So what I what I what I did here is just pull pull one of the key provisions on the substantive side from this profit sharing agreement so we could try to figure out again whats possible for for the Kanye West of the world. Fine. Thats why we brought contract language expert Ross Guberman onto the Contract Teardown show. 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. Kanye Omari West (born June 8, 1977) is an American rapper, singer, songwriter, record producer, entrepreneur and fashion designer. If you look at these agreements, though, from Kanye, that thats not just the CD references that are archaic. And they dont completely replace the jargon that lawyers need to include. Were at sales@LawInsider.com. The deal starts where he doesnt have as much clout, hell get mutual creative control, but later he gets more, and the deals get better as Kanye becomes Kanye, says Kinney, who has worked with platinum-selling artists, producers, and estates. Kanye was also prohibited from recording anew album prior to 90 days after delivering the effortto Roc-A-Fella. Its all made from events. Harvard Business Review did a big piece on it, and the general counsel of that division really took this whole plain English thing seriously instead of just giving it lip service and actually redid a lot of their commercial agreements. And the reason that it applies to us is this awesome tweet that all the lawyers got excited about, where he says the first thing that changes about record deals is actually lawyers. Mike Whelan [00:11:02] Hmm. Artists like Kanye feel that they are being cheated. Its a fine line to walk: simplifying without completely changing the meaning of the terms. So we want to talk briefly about this profit sharing piece, this image here, because theres a lot of language that might lead to artists not understanding that theyre getting into that pretty crappy deal, honestly. Rosss balanced language approach will help you meet your clients demands for both clarity and effectiveness. The contracts show Kanye received a $2.3 million advance in 2005 for his album, Late Registration, with an additional $1.2 million as a recording budget.For . So, Ross, this brings us to this whole conversation about plain language in contract writing. Next came what he calls the music industrys biggest flop his only Interscope album, The X Factor. We were broke college kids right after the recession. Hit-Boy is an enormously talented songwriter whose relationship we value, a UMPG spokesperson said in a statement to Rolling Stone. Ross, how are you today? You should need NO ONE else to understand the business youre in. Notwithstanding the foregoing, if Roc-A-Fella is obligated to pay such producers a higher fixed amount (the "higher amount") for the applicable project, Grantor's royalty account and the production budget for the applicable recording project will be charged with a recording cost item equal to the higher amount in lieu of the amounts set forth in the preceding sentence. The way that Gruberman has identified these sections is by using his tool called BriefCatch. They will help you draft better contracts faster. Are not just for royalties. He ended the spree with, 'Whew that was a lot guys," and then tweeted a video of himself peeing on a Grammy award. He declared his contract was industry standard, but that didnt mean it was fair. However, the film has not yet been released. Maybe its about time I do that.. NO MORE. He says the industry must holistically evaluate how to improve for any major changes to shift. And according to the general counsel, its worked wonders. Kanye West, someone God had chosen to do something very special in the world. Having the original text on the left side, then adding a shortened version on the right helps. Getting Out Our Dreams, LLC c/o Carroll, Guido & mrbonesHOK Undoubtedly, who Youre going to sign the amendment. And we have to be very careful, of course, you know, translating things like provisos like provided, however, that in dealing with Shell and the like. Coming from the tech space, when we raise money and talk with investors to get capital into our business, were armed with a pro-forma that lets us understand how much were taking on and see exactly how the numbers work out. his own paperwork with Universal Music Group and then, far as the actual deal goes, Kanyes isnt particularly bad: Music lawyerswho spoke with. Is this realistic to even talk about plain language and contract drafting? Its its unfortunately the the words and phrases that are operative to. Last modified on Thu 13 Jan 2022 14.04 EST. Just email us at Community@LawInsider.com. Search the history of over 797 billion Pearl Jam Vinyl Records. However, only 50 percent of video costscan berecouped from audio-only record royalties. ET. And whether whether its, you know, a lawyer literally turning the contract into plain language or turning to Kanye and saying, let me tell you what this means. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. If theyre doing this to me with all Ive accomplished through hard work, I can only imagine the kids who dont have big placements/proper guidance, Hit-Boy wrote on Instagram. And, to an extent, they're not wrong. So heres an amendment. 2. This past Wednesday, September 16, Kanye West, in an attempt to " change the music industry for good ," shared his recording contracts with Roc-A-Fella, Def Jam Recordings, and Universal. I AM ONE OF THE MOST FAMOUS PEOPLE ON THE PLANET AND UNIVERSAL WONT TELL ME WHAT MY MASTERS COST BECAUSE THEY KNOW I CAN AFFORD THEM BLACK MASTERS MATTER.". Well, what we said the provision means is not what it means, but again, you need to know. But if Kanye West 's statements last year about slavery being a choice were out of bounds, he's taking more of a Prince-like tactic in his ongoing efforts to extract himself from his record. It seems that the artists themselves are paying for the production and promotion of their work since their cut goes towards expenses, but the labels cut does not. Leave. Theres a lot going on here. Until then, Ross, I appreciate you being here. Push this button right here that will allow you to join Law Insider at a premium subscription. 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 Agreement_daisy.zip, 2013.03.10-Amendment recording agreement_daisy.zip, 2014.08.11-Amendment recording agreement_daisy.zip, 2019.01.09--Summary of Kanye West's Label Agreements_daisy.zip, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC.epub, 2011.01.11-Kanye WestJay Z Duet Album Agreement.epub, 2012.05.04-Amendment recording agreement.epub, 2012.05.07-Amendment, including original recording agreement.epub, 2012.05.17-Amendment to Recording Agreement and Film Agreement.epub, 2013.03.10-Amendment recording agreement.epub, 2014.08.11-Amendment recording agreement.epub, 2019.01.09--Summary of Kanye West's Label Agreements.epub, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC_djvu.txt, 2011.01.11-Kanye WestJay Z Duet Album Agreement_djvu.txt, 2012.05.04-Amendment recording agreement_djvu.txt, 2012.05.07-Amendment, including original recording agreement_djvu.txt, 2012.05.07-Profit Share Agreement_djvu.txt, 2012.05.17-Amendment to Recording Agreement and Film Agreement_djvu.txt, 2013.03.10-Amendment recording agreement_djvu.txt, 2014.08.11-Amendment recording agreement_djvu.txt, 2019.01.09--Summary of Kanye West's Label Agreements_djvu.txt, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC.mobi, 2011.01.11-Kanye WestJay Z Duet Album Agreement.mobi, 2012.05.04-Amendment recording agreement.mobi, 2012.05.07-Amendment, including original recording agreement.mobi, 2012.05.17-Amendment to Recording Agreement and Film Agreement.mobi, 2013.03.10-Amendment recording agreement.mobi, 2014.08.11-Amendment recording agreement.mobi, 2019.01.09--Summary of Kanye West's Label Agreements.mobi, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC_page_numbers.json, 2011.01.11-Kanye WestJay Z Duet Album Agreement_page_numbers.json, 2012.05.04-Amendment recording agreement_page_numbers.json, 2012.05.04-Letter of Direction_page_numbers.json, 2012.05.07-Amendment, including original recording agreement_page_numbers.json, 2012.05.07-Profit Share Agreement_page_numbers.json, 2012.05.17-Amendment to Recording Agreement and Film Agreement_page_numbers.json, 2013.03.10-Amendment recording agreement_page_numbers.json, 2014.08.11-Amendment recording agreement_page_numbers.json, 2019.01.09--Summary of Kanye West's Label Agreements_page_numbers.json, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC.pdf, 2011.01.11-Kanye WestJay Z Duet Album Agreement.pdf, 2012.05.04-Amendment recording agreement.pdf, 2012.05.07-Amendment, including original recording agreement.pdf, 2012.05.17-Amendment to Recording Agreement and Film Agreement.pdf, 2013.03.10-Amendment recording agreement.pdf, 2014.08.11-Amendment recording agreement.pdf, 2019.01.09--Summary of Kanye West's Label Agreements.pdf, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC_text.pdf, 2011.01.11-Kanye WestJay Z Duet Album Agreement_text.pdf, 2012.05.04-Amendment recording agreement_text.pdf, 2012.05.07-Amendment, including original recording agreement_text.pdf, 2012.05.07-Profit Share Agreement_text.pdf, 2012.05.17-Amendment to Recording Agreement and Film Agreement_text.pdf, 2013.03.10-Amendment recording agreement_text.pdf, 2014.08.11-Amendment recording agreement_text.pdf, 2019.01.09--Summary of Kanye West's Label Agreements_text.pdf, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC_jp2.zip, 2011.01.11-Kanye WestJay Z Duet Album Agreement_jp2.zip, 2012.05.04-Amendment recording agreement_jp2.zip, 2012.05.07-Amendment, including original recording agreement_jp2.zip, 2012.05.07-Profit Share Agreement_jp2.zip, 2012.05.17-Amendment to Recording Agreement and Film Agreement_jp2.zip, 2013.03.10-Amendment recording agreement_jp2.zip, 2014.08.11-Amendment recording agreement_jp2.zip, 2019.01.09--Summary of Kanye West's Label Agreements_jp2.zip, Terms of Service (last updated 12/31/2014). 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