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Contract talks
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I am actually super interested in the logistics of the contract and masters disputes. I have a lot of respect for Prince, who I know dealt with that, and I think that Taylor Swift 's way of dealing with it was pretty good as well. I'm wondering specifically about music written during the hiatus and whether they only own music that Jon released or if they can somehow make a case for any music that was created? Along with this, has anyone heard about "Hollywood Accounting"? Apparently the writer of the novel of Forrest Gump got screwed because the studio said they actually lost money on the movie. He had a sue to get paid anything. Nuts. Anyway, if you're allowed Jon, I would love a little thread sharing what you can about the contract.
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@jedshock It's such a catch-22. Without professional contacts or experience in the industry, you don't know what a good contract is. But without a contract you haven't built any professional contacts or experience. It just sucks all around. Then they lock these artists up for years and years before they even know what hit them.
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If a lot of people understood how the blockchain technology works not the bad snakeoil impression it already has stamped on, but what truly its values are... then most creators can have fully autonomy of their craft through blockchain technology. There'll be a lot crowd-funded (or should I say, fan-funded) ventures—potentially attracting crypto grifters to see real world use-cases not some worthless NFT to be a community member with no utility, or potential ROI. We already have a community going like the Beautiful Mind Club and we didn't need an NFT, lol.
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@jedshock It's such a catch-22. Without professional contacts or experience in the industry, you don't know what a good contract is. But without a contract you haven't built any professional contacts or experience. It just sucks all around. Then they lock these artists up for years and years before they even know what hit them.
@Freecollins13 if you saw the Jon Bellion interview early this year, you'll know it was a hindsight problem. These record labels are demonic, bro. They put a leash on your neck, and make you dance like a monkey for access. They have premeditated plans to screw the artist before the artist realizes it. Just to make profits, and torture the beautiful soul of the artist.
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@jedshock It's such a catch-22. Without professional contacts or experience in the industry, you don't know what a good contract is. But without a contract you haven't built any professional contacts or experience. It just sucks all around. Then they lock these artists up for years and years before they even know what hit them.
@Freecollins13 Since artists are primarily focused on making music and creating an experience, they may overlook the legal complexities. This is where smart contracts come in. With smart contract templates, artists have a structured framework that highlights key areas to pay attention to—like ownership percentages, revenue splits, and rights allocation.
Instead of signing a contract dictated by a label, artists can create their own agreements, setting clear terms and avoiding unexpected pitfalls. This reduces the risk of unforeseen consequences (like the Black Swan Effect) because everything is transparent, predictable, and enforceable on-chain. Essentially, smart contracts empower artists to take control of their careers by defining the terms upfront, preventing things from going haywire.
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