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PRODUCTION DEAL
Production
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Royalties
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A deal, also called
a "master purchase deal," involving an independent producer
and a record company. The producer provides a completed
master,
or masters, to the record company. In return, he is promised,
via contractual agreement, certain compensation for such master(s),
e.g., a guaranteed release with a flat royalty on units sold (or
percentage of units sold) and reimbursement for production costs.
Or, less frequently, a flat cash payment is made. See Cross-links: PRODUCTION
CONTRACT, CUT-IN, MASTER, PRODUCER
under "Producer Royalties."
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