Vision Management International, LLC
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Vision Management International, LLC
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*VMI can setup you publishing as well as collection of your royalties.*
PUBLISHING AND MONEY Having just gone
through the most horrifying event I must subject myself to every year, the
filing of my taxes, I've been reminded of the fact that every penny I earn is
vitally important to both me and to the government. This is a simple truth we
all must face. While it's a bit of a stretch in terms of an analogy, I sometimes
like to think of the record company as the government and the writer/publisher
as the person filing their taxes. Consider the following
relationships: a) the fantasy of your gross income becomes the fantasy of your
gross mechanical earnings, b) the reality of your adjusted net income becomes
the reality of your adjusted net mechanical earnings once the controlled
composition clause has been taken into consideration, c) your tax bracket is
sort of your "penny rate" and finally c) your tax refund (ha, ha!) Is your
mechanical earnings recovered in the audit you've brought forth. The analogy
works well would you say? Anyway, the point I'm
trying to make here is that while there is a government mandated penny rate,
current business practice dictates that record companies will try to squeeze the
penny rate down and the writer/publisher will try to squeeze the penny rate back
up to the statutory level or come to some sort of compromise they can live with.
While we'll bring the controlled composition clause into this subject in a
general way, because it has a very distinct effect on the penny rate your song
receives, there will be an entire discussion on this, as there are many
variations, at a later point. Let's get to some detail. Below are some of the
issues, that are commonly misunderstood, however we have the background and
experience to explain in detail. If you need help setting up your
publishing, we can do that too!
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Send mail to
Al@VisionManagementInternational.com with
questions or comments about this web site.
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