Navigating Royalties and Residuals: Financial Management for Creative Professionals

Contracts, Royalties

Income can be anything but predictable for professional creatives. If you are in the entertainment industry, you have likely experienced both the joys and challenges of managing royalties and residuals. Multiple income streams can be thrilling when they roll in, but their irregularity can make financial planning tricky. By understanding how to navigate and manage…

Protecting Your Brand: Morals Clauses, AI Rights, and Profit Participation in Entertainment Contracts

Contracts

In addition to the fundamental financial clauses, modern entertainment contracts are evolving to address new technological and social challenges. A Morals Clause, for instance, can significantly impact your career, while emerging issues like AI usage and digital rights present new opportunities and concerns. Moreover, Profit Participation agreements offer a chance to share in the long-term…