It usually depends on how financially literate the artist is when they enter into the contract. Many artists were so desperate to get any record deal that they signed away nearly all their profits. Most contracts cover "all future earnings" even for work that has not been created yet. So the artist is locked in for life, to the one publishing company.
Thankfully, technology allows artists to bypass record companies. Musicians and authors can sell their work directly to the consumer. My favourite site is CoinDL.com where artists sell ebooks and music downloads for bitcoins.
Last edited by ZeroWedge; 31-07-2012 at 07:42 PM.
A time between ashes and roses is coming
When everything shall be extinguished
When everything shall begin
I've been involved with a small publishing house for quite a few decades, and our terms have always remained unchanged by the death of an author.It would be highly unusual for the artists estate to receive the exact same royalties as the artist themselves were receiving prior to the death.
As a general rule the most successful man in life is the man who has the best information. Benjamin Disraeli
Secrecy is for losers. For people who do not know how important the information really is.
Daniel Patrick Moynihan - Secrecy: The American Experience (1998)
Ireland has lost one of its best writers...
On a personal note I was not a fan of her books, they didnt appeal but I know many others who enjoyed them...
[ame="http://www.youtube.com/watch?v=UdkroSNhgCw"]Chris O'Donnell.Minnie Driver (Circle of Friends) - YouTube[/ame]
- Hotel FMCause I can’t change, I can’t change the world alone
I need you all, everybody, start dreaming of it
And take your step that’s gonna make a difference and change your world
www.fluffybiscuits.org - Alternatives and Opinions on the World...
In 2007, his family relented and allowed her to keep the whole property, but she has no other significant inheritance. n November 2009, the Larssons said they were willing to settle with Gabrielsson for £1.75m. She refused. I ask what her lawyers are aiming for, and she says it is "the same as always. That I would manage the literary legacy for a fee, which would be a percentage of the royalties for Millennium, a percentage that the family themselves could decide or propose … I think after two or three years my lawyer suggested I would get 20% for managing the literary legacy, and they don't want that. They could keep 80%. But they want the control – or the businesses around them do, because it gives them maximum freedom." LINK
Give me a misty day, pearly gray, silver, silky faced, wide-awake crescent-shaped smile