Buyout Library Deals Explained
Published: Sun, 12/13/09
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Hi ,
Today I´m going to discuss a type of licensing deal know as a ´´buyout deal´´. Buyout deals are somewhat similar to signing exclusive contracts with music publishers, however in the case of the ¨buyout¨ deal you are a paid an upfront fee per track for exclusive rights to representing your music within the context of the music licensing industry. You will also receive the same performance royalties for songs that are broadcast on television. These royalties can be small for obscure uses or well into the hundreds or thousands of dollars per use for prime time network TV. Buyout fees range from $150 to $1000, and they typically reside in the $300-500 range per track. Many libraries will ask that you make edited versions of each track they buy the rights to, such as a version without a lead instrument and some libraries ask for 30 and 60 second cues. If the library has to do work editing the track for you, it may result in a reduced fee. $300-500 might not sound like a lot for a song that took months to write and produce, but consider that production music does not necessarily have to be your ´´bohemian rhapsody´´. Often times the feel of the track is what´s really important for background production music. Buyout deals are ideal if you can pitch a collection of songs that are similar stylistically. For example a collection of songs that are all instrumental metal or a collection of songs that are instrumental acoustic guitar. If you're looking for a deal like this, there is an extensive list of music libraries in the TV/Film Music Industry Directory that I offer. My preferred approach for submitting music to libraries, either when pitching my own music or those of my clients through my company Renegade Music Marketing, is to check each company´s website when listed for their submission policy. If there isn´t info listed then simply call and ask how you can submit music. Generally if they´re open to hearing new submissions they will be forthcoming with this information.
If you're interested in learning more about how to license your music for use in TV, Films and Video Games I offer a comprehensive program on the music licensing business called "The A-Z Of Music Licensing". I created this program based on everything I've learned about the music licensing and music publishing business over the last six years. I walk you through the exact steps I took to get started and I show you how you can do the same. I also cover the technical side of the industry. I go over things like how you get paid, how copyrighting works, how to present yourself professionally, how to record music on a budget and much, much more! The program also comes with an updated directory of WHO to send your music to. There are over 150 listings for publishers, supervisors, music libraries, etc... I've heard nothing but good things about my program and the information in contains. Here are just a few of the actual emails I've received recently from people who purchased "The A-Z Of Music Licensing":
Hi Aaron!
Just wanted to let you know that our song Round and Round will be on this coming episode of 90210 on the CW--10/13 8pmEST if yer curious to listen in for it :-) Thanks for your help and inspiration in helping us learn the ropes and reach this milestone :-)
James Mason Mason Brothers Aaron! Hey bud. I paid for your info a few years back, and I am now starting to place songs! Thank you! it worked, it really does! it did take a while, but I had to pay my dues (I guess),,, anyway, thank you!
-Nick
Just got one of my songs placed in Roadtrip Nation thanks to your info! Thank you!
Patricia Aaron, How are you? My name is Tim Byrd and I purchased your online version of your program. It's great.
Hello Aaron.
I just ordered and downloaded your audio files and .pdf files and though I haven't put in effect any of your ideas, I see where you are headed.
I think this is some wonderful information and will soon be using it.
I thought I would pass on to you the fact that I also got my whole catalogue (47 tunes) signed to one of the libraries in your directory. Thanks for your help! Colin Hey Aaron,
I'm in the process of signing two songs to a publishers thanks to your info! Thank you!! Stacy The A-Z Of Music Licensing Online Edition With Email Coaching - This is my newest package. It has the A-Z Of Music Licensing in an online format bundled with additional coaching via email. I'll answer your follow up questions and give you the advice and guidance you need to start licensing your music. Get the online version with email coaching here! The A-Z Of Music Licensing Online Edition - Same as above but minus the extra coaching. Access the program immediately online. Get the online version here! For a complete list of my products and services related to the music licensing business visit my product page by going to http://www.howtolicenseyourmusic.com/productpage Happy Songwriting! Aaron Davison | ||

