Kanye West had some more thoughts to share about account contracts in a series of tweets on Sunday (Sept. 20).
“NEW RECORDING AND PUBLISHING DEAL GUIDELINES,” he tweeted at 1:26 p.m. ET before he started offering his seven – in fact eight – different points.
“1. The artist owns the copyright in the recordings and songs and leases them to the record label / publisher for a limited term,” he began, noting that these deals should last for just one year.”
His second point recommended that marks and distributers are only a “service provider” and ought to get only a little portion of the benefit temporarily. Kanye’s optimal part? “80/20” for performers.
The 21-time Grammy winner additionally needs record agreements to be all the more handily understood. For his fourth point, he tweeted, “the first thing that changes about Record Deals is actually lawyers.
We need Plain English contracts. A Lawyers role is to IMPROVE deals…. not charge for contracts we cannot understand or track. Re-write deals to be understandable from FIRST READ.”
Something else he’s not very excited about? Advances. In his fifth thing (in fact 6th – there are two focuses numbered 5), he contends that performers need to stop “re-signing” these. “Advances are Loans with 75% interest (or worse),” he tweeted. “NO other business in the world takes a look at the business, buys shares, starts to profit when it profits. Record Companies have to buy into you, not loan you.”
He additionally needs entryways that will effortlessly show artists how much in royalties they have earned. He additionally recommended that there ought to be entries that monitor a performer’s whole business, from their sound records to resources and that’s just the beginning.
“This is a call for all artist to unify,” he clarified. “I will get my masters , I got the most powerful lawyer in music and I can afford them but every artist must be freed and treated fairly.”
The tweets come following a few days of posting on the social media stage, including a string for Sept. 16 during which he griped about record arrangements and professed to have 10 agreements with Universal.
That day, he transferred what gave off an impression of being the agreements to Twitter, and furthermore shared the telephone number of a Forbes editor.
The last piece got him in a tough situation with the stage, which erased the tweet and bolted his record that night for 12 hours. “The tweet was removed for posting private information, and the account has been temporarily locked in accordance with our Private Information policy,” a representative for Twitter told Billboard at that point.
He has likewise since tweeted about how he’ll help Taylor Swift regain her masters from Scooter Braun, who obtained Big Machine Records – and the pop star’s six-album list – in June 2019. West guaranteed Friday, “SCOOTER IS A CLOSE FAMILY FRIEND.”