Music Biz 101 & More is the only radio show in America that focuses on the business side of the music & entertainment worlds. Hosted by William Paterson University’s Dr. Stephen Marcone & Professor David Philp, the show airs each Wednesday at 8pm on WPSC-FM, Brave New Radio.
Music Biz 101 & More: The Podcast With Special Guest Entertainment Lawyer Karl Guthrie
In this episode, Karl Guthrie, entertainment attorney extraordinaire and WPU adjunct faculty professor, shares some information about artist recording contracts that your co-hosts didn’t know, the textbooks don’t know, and, apparently, most other entertainment attorneys don’t know.
Want to hear it? Here’s your shot!
In the beginning, you hear student co-host Meagan Johnson introduce herself and explain why she wants to be part of the music biz.
At 10:00, we hear about how Karl got his start in entertainment law.
At 21:00, co-host Philp accidentally puts Mr. Guthrie on the spot about early-artist Hip-Hop contracts. Philp is still ashamed and keeping his head in the hole of a Wayne, New Jersey oak tree.
The conversation, thankfully, segues then into how “lopsided” artist/label contracts have been historically (in favor of the labels – duh).
At 22:30, the discussion of mechanical royalties and 3/4 (controlled) rate begins in earnest.
At 25:10, Mr. Guthrie explains how labels will pay the full statutory rate to artist/songwriters, as long as you ask. They’ll push to pay less, but you (meaning your entertainment attorney) have to ask.
They don’t always do that.
At about 25:45, Mr. Guthrie talks about the legislation Congress passed doing away with the 3/4 controlled rate for artists who are writers. “These artists are now entitled to the full rate,” he says. Even if the contract says 3/4 rate, “it’s an override…you’re entitled to a full rate.”
The labels are not volunteering this. “If they know to ask us,” Guthrie says, they’ll do it.
IF THEY KNOW TO ASK US.
What does that tell you, student of the music biz?
It means you need to have a very good, up-to-date entertainment lawyer. You can’t have Mom’s brother who does family law handle your deal. He can’t help you the way a seasoned entertainment lawyer can.
At 27:41, Philp says to Marcone, “The textbooks do not tell us this.”
At 28:00, Mr. Guthrie talks about Music Biz Secret #2 – the Copyright Termination Law. Writers have the right to cancel out label deals dating back to 1978 now. Many artist/writers don’t know about this. If they don’t cancel their deals within 5 years, they lose the ability to do so.
Music Labels hate this. Why do you think?
We take your calls and we take your tweets.
This is a must-listen if you want to become an artist or manager or work for a record label in the music biz. We guarantee you’ll learn something or your money back.
To hear other podcasts, you can find Music Biz 101 & More on Stitcher Radio HERE.