Musician's Attorneys Wary of Label's New Power Grab For 360 Deals

[DudeAsInCool]

With the major record labels expected to encroach artist's contracts, including publishing, concert tickets and merchandise, Billboard asked four prominent music attorneys including Gary Gilbert (Death Cab for Cutie), Elliot Groffman (Dave Matthews Band, Pearl Jam), J. REID HUNTER (John Mayer) and Andy Taylor (James Taylor) how they will respond. Here are a couple of their responses:

"What Is Your Top Concern About A 360 Deal?

GARY GILBERT: Labels having a piece of things like touring, where bands can make money without having a hit record, makes no sense if they don't sell (enough) records.

J. REID HUNTER: Many of the labels don't just want a participation -- they want to have approvals over decisions traditionally made by the artist manager or they want to become your exclusive (merchandise) fulfillment partner. In negotiations, we're having to educate the business affairs folks on how the business runs in areas outside of records. That makes me worry about how prepared the majors are to get into these areas."

Read more at Yahoo