For beginners, Kanye says the artists would instantly own the copyright to the tunes and recordings they churn out for a label in his perfect world, which they d rent them to companies for a maximum amount of time of simply one year.
He also states the record label/publisher would NOT get the lions share of any profits throughout that one year … Ye believes it ought to be divided 80/20 in the artists favor.
Theres more. Kanye also thinks artists should not require anybody repping them as they browse their own offers– as he feels if youre working in music, you ought to comprehend it from top to bottom, with no assistance. He likewise wants agreements to be composed in plain English, not lawyer talk. He says attorneys are expected to make things easier … not convolute the procedure.
Kanye likewise believes artists should not need anyone repping them as they navigate their own offers– as he feels if youre working in music, you must comprehend it from top to bottom, with no assistance. He says legal representatives are expected to make things much easier … not convolute the procedure.
He goes on to say that artists are worthy of equity in the companies they partner with, and their tunes and licenses must act as stock in such a way. Kanye likewise desires websites for artists to become a one-stop look for all things royalties, offers, properties, songs, and so on.
Ye ends with this idea … while what hes saying might sound like good sense, its not implemented that method. He also explains artists have the power here, as they should.
Kanye West has a new vision for what record offers oughta appear like in the music industry– and his guidelines are greatly in favor of the artist and making them cash.
Ye tweeted a number of pillars that we think would be in his own terms as a record label exec– other than, this is what he thinks the biz as a whole need to adopt STAT … so artists can stop getting screwed and have a fair share in the item they put out.
Artists are worldwide.
Artists are international. Thats why their contract area states GLOBAL
Royalty department in EVERY label. No more separating financing groups from the music– ye (@kanyewest) September 20, 2020
@kanyewest
