He even has a hard time parting with the unsuccessful ones.”Īs for Cowell, a rep assures that he has remained “committed as ever to the group he envisioned.” While, at the same time it benefits the girls to stay as well and really own the direction they’re going in rather than litigate themselves out of a deal.”Īnother label source says Epic Records chairman Antonio “L.A.” Reid “Doesn’t ‘let go’ of successful artists - ever. “They’re a huge name on the Epic roster so it makes sense to keep them there and work on another hit album. “They’re in a position to have more creative involvement and really direct where they want their music to go,” the insider offers. (The group shared its first official photo as a quartet on Jan. Representatives for Fifth Harmony would not comment beyond affirming that “Epic has in fact exercised their deal option with Fifth Harmony,” but a source in the camp says staying put is a win-win. I would also fight hard to increase the committed money for marketing and promotion, and creative approval.” According to a source, negotiations are ongoing, with the Fifth Harmony members having already reclaimed ownership of their trademark. Adds White: “If it were me, I would want a higher royalty rate I would try to get all of the ancillaries uncrossed and limit the amount of product and length of the contract. “The standard contract is worse than a 360 nightmare,” explains Loeb & Loeb attorney Debra White, who negotiates similar deals for contestants of NBC’s The Voice, adding that a company like the Cowell-founded Syco Entertainment “gets to be the record company, the publisher, the manager, they have a piece of touring and merchandise.” Re-signing allows for a re-evaluation and offers an opportunity to diminish or eliminate terms that seem unfair to an artist who has had hits and brought the label revenue. (Syco Entertainment is a joint venture with Sony.) “That Fifth Harmony has been able to build their fan base, as One Direction did, was a masterstroke by Simon Cowell.”Īnd success provided the act the leverage to renegotiate what is typically an onerous contract - signed by the girls as individuals before even stepping foot on the TV stage that would give them their Cowell-constructed shot - with terms that dictate a length of seven years and assign them to specific companies and affiliates within the Sony Music system. “There’s a stigma attached to a reality show that they have eclipsed,” says Joe Willis, longtime manager of American Idol winner Jordin Sparks. on-demand streams in a career launched on Fox’s The X Factor in 2012, Fifth Harmony has reached the sort of career milestone that graduates of reality shows rarely see. digital downloads and nearly half-a-million albums (according to Nielsen Music), scoring a top five Billboard Hot 100 hit (“Work from Home” in 2016) and racking 1.6 billion U.S. Which Music Executive Has the Most Influence? Vote NowĪfter selling 7 million U.S.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |