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From: kjfair@midway.uchicago.edu (Kenneth Fair)
Subject: Re: Trouble's a-brewin'
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References: <4l2oft$s9@newsbf02.news.aol.com> <4L6VS7$2B9@ORB.DIRECT.CA> <3177d89f.20576552@wvnvm.wvnet.edu> <4lc8kl$ida@orb.direct. <317ccdf0.1157599@wvnvm.wvnet.edu> <4lp0i6$ber@orb.direct.ca>
Date: Sat, 27 Apr 1996 01:55:35 GMT
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In article <4lp0i6$ber@orb.direct.ca>, patrickc@Direct.CA (Cthulhu) wrote:

>In article <317ccdf0.1157599@wvnvm.wvnet.edu>, u6ed4@wvnvm.wvnet.edu wrote:
>>patrickc@Direct.CA (Cthulhu) wrote:
>
>>You don't get it, do you?  That would be theft.  That bunch of people who
>>say they really want the album should go and buy a copy so the artist can
>>receive the money for their work.
>
>Unless, of course, the artist (to continue the analogy) is *already* not 
>getting money for his work, and his work is being repackage and resold by his 
>record company again and again while he is not getting a penny in royalties.


Well, presumably the flat fee the artist gets makes up for the lack
of royalties on an expected present value basis.

Offer #1: I'll give you $100,000 right now for your work.  I get all
of the rights and royalties.

Offer #2: I'll give you 10% of all the profits.  If there are any.
You keep the rights.

If you think there's a really good chance your work will make more than
$1 million in profits, you'll want to go for the second version.  If not,
you'll want to go for the first.

(Okay, this is a very large simplification.  But the point still holds.)

--
KEN FAIR - U. Chicago Law  | Power Mac! | Net since '90 | Net.cop
kjfair@midway.uchicago.edu | CABAL(tm) Member | I'm w/in McQ - R U?
      "Your grasp of science lacks opposable thumbs."
         - B. Waggoner
