Composers....Beware the Buy Out Clause
IMPORTANT! This is a great article from the Society of Composers and Lyricist. You may already be aware through personal experience that many music producers, distributors, and other music-related entities currently appear to be accelerating their attempts to utilize work-for-hire and other types of agreements to take advantage of uninformed music creators, insisting upon “full buyouts” of their musical works. Full buyouts, as currently defined, seek to acquire all rights and to eliminate any possibility of future royalty participation for creators beyond a one-time fee, even to the extent of eliminating the composer’s participation in the writers’ share of performing rights royalties.
If you are a composer who composes music for libraries and sync, this is important stuff. Check out the article here! Also, please consider joining the SCL. it's THE organization for film and TV composers.