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To some degree that is what happened, though I'm sure he was screwed by a lawyer rather than the artist himself. When they offered this songwriter some % of so
by trgv 9y ago
To some degree that is what happened, though I'm sure he was screwed by a lawyer rather than the artist himself.
When they offered this songwriter some % of song royalties, they knew ahead of time that it wasn't going to be a whole lot of money.
Solution? Songwriters need a new metric to charge by.
One problem, though, is that perhaps songwriting isn't actually worth that much. When you look at a performer like Justin Beiber, how much of his income depends on specific songs that he's putting out? I'm not sure, but I don't necessarily think it's a large amount.
- conductr 9y agoIf writers are so opinionated about their works value, they just need to charge a fixed price. The allure of the possibility of writing a song once and having potentially massive perpetual income is why they like these royalty deals (and why said lawyer knew it was a good deal). But that's more of a lottery ticket in todays music industry. However, if you assign a price to your work you will quickly know what it's worth.