What would be “fair” is not lying. Again YOUR (meaning Carl) the label head. You straight up said that Meg was lying through her teeth and got a “great deal” which included partial ownership of her Masters. The paperworks gets out proving that isn’t the case, which means WHOSE lying?
“Fair” would be giving her an honest and accurate accounting of the monies made and what she’s owed and what the labels owed. Megan’s claim is that the label hasn’t been doing that. They’ve collected money and basically not paid her anything. Now lets say what she’s reaped doesn’t account for what is owed to the label, so no money for her, then it is what is. But if she’s entitled to a Check per the contract then cut her the damn check. Thats “fair”
Again, lets say that, even minus the Masters ownership, she gets 60-40 and 50% of her publishing. That in itself is pretty damn good. I even stated a few pages back that if everything Carl is saying is true, then Megan has no reason whatsoever to complain. If I was an artist i’d damn near sacrifice a newborn Cac child to own 50% of my Masters. Taylor fukking Swift didn’t even own that much of her Masters when she signed on the dotted line years ago, and she’s been fighting tooth and nail to her original Masters for YEARS.
And even without that, the publishing is pretty good given that some artists don’t even have that.
30% of your touring money is pretty good too i’d say (for a new artist). BUT making all the expenses of her shows come out of that 30% I PERSONALLY feel is
. But I can see the argument for both sides on that.In conclusion. Simply do not LIE about your business if you are supposed LABEL HEAD/OWNER. You come out and say an artist has partial ownership of something as important as MASTER RECORDINGS then it gets proved wrong then i’m looking at you funny, and everything else you say is hella suspect from that point forward. If you simply said “She got 60-40 and as a new artist we had to maximize our earning potential so we put her on a standard 360” well then
. We all know a 360 deal is modern day recording contract. But he LIED about one of the most important entities that a label and /or artist could leverage, which makes him suspect. I mean why even lie about that?And as a label head if he didn’t know the difference between Masters and Publishing then he needs to be on the same short bus we putting Megan on for being 23 and signing a bad deal, cause they both stupid.
