WEBVTT - Jay Cooper

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<v Speaker 1>Welcome, Welcome, Welcome back to the Bob Left Sets podcast.

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<v Speaker 1>My guest today is Jay Cooper. Jay, you called me

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<v Speaker 1>about your old client, Rod Temperton, right, I was writing

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<v Speaker 1>about Quincy Jones. Can you tell me more about Rod?

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<v Speaker 2>Yes. Rod was originally a member of heat Wave that

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<v Speaker 2>I represented, who had a number of major hits and

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<v Speaker 2>most of them were written by Rod Temperton. And I

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<v Speaker 2>was representing heat Wave, and then Rod, when he left

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<v Speaker 2>heat Wave, retained me to continue his representation of him

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<v Speaker 2>as a songwriter. Well, it was a heat Wave. He

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<v Speaker 2>wrote Boogie Knights and Always in Forever a number of

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<v Speaker 2>other hits. And then evidently Quincy Jones had heard of

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<v Speaker 2>these records and he was doing an album with Michael Jackson,

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<v Speaker 2>and he called. I got a hold of Rod. Rod

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<v Speaker 2>told me about it, came over here into Los Angeles,

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<v Speaker 2>and Quincy hired him to come here and to do

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<v Speaker 2>an album with Michael Jackson. And that album turned out

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<v Speaker 2>to be the songs that Rod wrote for it.

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<v Speaker 1>So like back in the day with heat Wave, how'd

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<v Speaker 1>you get clients? Were you actively searching or once you

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<v Speaker 1>made your name they came to you.

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<v Speaker 2>I never actively searched, exactly but they came to be.

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<v Speaker 2>They were recommended to be by producer in London whose

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<v Speaker 2>name at the moment I don't remember.

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<v Speaker 1>Let's go back to the beginning. Did you always plan

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<v Speaker 1>to be an entertainment attorney.

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<v Speaker 2>No, I planned to be a musician from the time

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<v Speaker 2>I was a little kid. I wanted to be a musician,

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<v Speaker 2>That's all I wanted. I studied music from the time

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<v Speaker 2>I was three years old. My father was a musician,

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<v Speaker 2>and I was ready when I finished high school to

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<v Speaker 2>go off and to get on the road with a band.

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<v Speaker 2>And my parents said, no, no, you My parents were Jewish.

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<v Speaker 2>Of course, that means you have no choice. You have

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<v Speaker 2>to go to law school or medical school. So they

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<v Speaker 2>introduced me to a lawyer and they said, okay, I'll

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<v Speaker 2>go to law school, but I got to find a

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<v Speaker 2>music school too, So I founded DePaul University in Chicago,

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<v Speaker 2>where I grew up, and I had a music school

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<v Speaker 2>of law school, and it turned out they were in

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<v Speaker 2>the same building, so it was perfect. I did my

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<v Speaker 2>law classes in the morning and my music classes in

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<v Speaker 2>the afternoon, and I worked my way through school playing music,

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<v Speaker 2>playing with various bands and things like that. The Chicago

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<v Speaker 2>area and I finished law school, took the bar exam.

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<v Speaker 2>It was three days and day four I left with

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<v Speaker 2>the band and ultimately came to California. And I was

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<v Speaker 2>working here in California as a musician for a number

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<v Speaker 2>of years, and eventually that's the story I've told a

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<v Speaker 2>long time. How I got into law was through drugs.

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<v Speaker 2>What this was My music friends were getting busted for

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<v Speaker 2>possession and I was the only one they knew who

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<v Speaker 2>had a law degree, and so they asked me to

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<v Speaker 2>see if I could help them out. So I took

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<v Speaker 2>the bar exam and started doing helping them with their

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<v Speaker 2>drug cases. And while I was doing drug cases, they said,

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<v Speaker 2>can you read this record contract? Can you read this

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<v Speaker 2>television contract? Can you read this movie contract? So I

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<v Speaker 2>opened a little office in Beverly Hills, and that's where

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<v Speaker 2>I started.

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<v Speaker 1>Okay, so what were this what were you know, marijuana?

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<v Speaker 1>I won't say it's exactly legal, but close to it

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<v Speaker 1>in California. What was it like in the fifties.

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<v Speaker 2>Well, it was, it was It was not bad. It

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<v Speaker 2>was nothing particularly wrong. Musicians many were on marijuana, some

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<v Speaker 2>were on hard drugs. Bands used to have like four

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<v Speaker 2>different kinds of musicians and they would have the hard

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<v Speaker 2>drug musicians, the marijuana musicians, the drinker musicians, and the

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<v Speaker 2>straits who did nothing. And so when you lost the

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<v Speaker 2>trombone player, you had to find somebody. You had to

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<v Speaker 2>find somebody who fit in that category with the tron

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<v Speaker 2>buempare also a druggie or was he also a drinker

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<v Speaker 2>or was he something else? So musicians were not at

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<v Speaker 2>that time, and I don't and I guess since they

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<v Speaker 2>were not. They didn't carry guns, they didn't carry knives,

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<v Speaker 2>they weren't violent. They they were more i would say,

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<v Speaker 2>more mellow and interested in their in their careers and

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<v Speaker 2>their their horns than they were in anything else.

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<v Speaker 1>Now, you said your father was a musician. Was he

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<v Speaker 1>a full time musician at one time? Yes, he was,

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<v Speaker 1>And tell me more about his career.

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<v Speaker 2>He was. He was a marvelous musician. He was in

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<v Speaker 2>a very famous band called the Wayne King Orchestra. They

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<v Speaker 2>were from the They used to play the Aragon Ballroom

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<v Speaker 2>in Chicago. They had a weekly broadcast from there, and

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<v Speaker 2>he was the lead saxophone player and the singer in

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<v Speaker 2>that and he did that for many years.

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<v Speaker 1>Okay. And you started taking music lessons as young.

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<v Speaker 2>Age, Yes, they're three years old.

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<v Speaker 1>Three years old?

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<v Speaker 2>Three years old?

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<v Speaker 1>What the piano at three?

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<v Speaker 2>No, My father gave me a little soprano saxophone, a

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<v Speaker 2>very small little sopran which I still have to this day.

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<v Speaker 2>And I played it for a year or two till

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<v Speaker 2>my teeth fell out. And while I was waiting for

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<v Speaker 2>my teeth to grow in, I went to piano, and

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<v Speaker 2>then eventually to clarinet, and then back to saxophone, and

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<v Speaker 2>then added flute over the years.

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<v Speaker 1>And what instrument did he play?

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<v Speaker 2>He played saxophone, he played saxophone, and he played trumpet,

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<v Speaker 2>and he played clarinet.

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<v Speaker 1>And do you have any siblings?

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<v Speaker 2>I had a sister, yes, And was she older younger?

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<v Speaker 2>She was younger, seven years or five years younger, But

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<v Speaker 2>she never was a performer.

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<v Speaker 1>Okay, So in this era, in the thirties and forties,

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<v Speaker 1>you're playing your instrument at home? Are you playing out

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<v Speaker 1>with school bands, bands and halls? What's it like?

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<v Speaker 2>Well, of course I was in high school. I was

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<v Speaker 2>in the school band, I was in the school orchestra,

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<v Speaker 2>I was in the pep band, I was in the

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<v Speaker 2>marching band. I was doing all of that, doing my studies. Uh,

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<v Speaker 2>and then uh, forming bands outside. We would play the

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<v Speaker 2>local the local park houses and all that. The parks

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<v Speaker 2>all had a building where you could have dances and

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<v Speaker 2>things like that. And that's what I was doing, and

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<v Speaker 2>that I was playing weddings and playing dances and playing

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<v Speaker 2>various things of that nature. Yeah, enough to make a

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<v Speaker 2>living to pay my way through school.

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<v Speaker 1>And what kind of music were you playing?

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<v Speaker 2>Big band type music or big band a lot or

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<v Speaker 2>play small bands and weddings? I played Polish weddings, Jewish weddings,

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<v Speaker 2>Greek weddings, Italian weddings, played them all. We played the

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<v Speaker 2>polkas at the at the the Polish weddings, we played

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<v Speaker 2>seven eight time music. In Greek weddings, we played all

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<v Speaker 2>the Jewish music, the Klasberg type of music. Played anything.

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<v Speaker 1>And were you playing in multiple acts multiple bands?

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<v Speaker 2>Was there one multiple multiple? I was a free lance musician.

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<v Speaker 2>I'll take any call.

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<v Speaker 1>Was the union involved at all at that time?

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<v Speaker 2>Yes? I joined. I would remember the union by fifteen.

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<v Speaker 1>Yes, now the union is almost irrelevant. But was the

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<v Speaker 1>union in control? Everybody worked were a member of the union.

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<v Speaker 2>Back then, everybody worked through the union because they paid

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<v Speaker 2>you had minimum minimum per minimum salaries per gig that

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<v Speaker 2>you played, and that's where you got all your jobs.

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<v Speaker 2>You went down to the union like on Saturday afternoon

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<v Speaker 2>and you hung around and somebody say, hey, we're looking

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<v Speaker 2>for a saxophone player for Saturday night. I'm looking for

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<v Speaker 2>this for Sunday night. I'm looking for this. And that's

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<v Speaker 2>how you got your jobs.

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<v Speaker 1>So you said you graduated from law school, you took

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<v Speaker 1>the bar, and then you immediately went on the road.

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<v Speaker 1>Tell me about that.

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<v Speaker 2>Yeah, I got it. The first thing was I got

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<v Speaker 2>a call from a band called Larry Fhoteen. He was

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<v Speaker 2>an originally he had his own band. He was an

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<v Speaker 2>original arranger, I should say, for the Sammy Kay Orchestra.

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<v Speaker 2>And we went to New York, worked around, worked the

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<v Speaker 2>East coast. We were drove in cars, three or four

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<v Speaker 2>separate cars a group of us, and we were working

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<v Speaker 2>the west East coast. And then I got a call

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<v Speaker 2>from the band called Henry Bussey band that was a

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<v Speaker 2>big band in the days. Henry Bussy was originally a

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<v Speaker 2>first trumpet player for the Paul Whitebolt Orchestra, and then

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<v Speaker 2>he had an orchestra. He was based out of Los Angeles,

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<v Speaker 2>and I got a call they lost their elite outdo

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<v Speaker 2>player the Midwest. So I was doing a record date

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<v Speaker 2>in Cincinnati at that time with the Larry Foteen band,

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<v Speaker 2>and so I called around to see if I get

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<v Speaker 2>a sub for me, and I found a sub, and

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<v Speaker 2>I called my parents. They drove the sub down to

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<v Speaker 2>Cincinnati where I was, and they drove me to where

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<v Speaker 2>I had to meet the band with Henry Bussey band.

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<v Speaker 2>And two weeks later that same year, I was in

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<v Speaker 2>California and I said, this is for me.

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<v Speaker 1>So how did this band know of you?

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<v Speaker 2>Well, I was recommended by another saxophone player. I guess

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<v Speaker 2>he got the call and he didn't want to go out,

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<v Speaker 2>and so he recommended me somebody I hadn't met at

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<v Speaker 2>Depault at music school.

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<v Speaker 1>So, okay, you're in Los Angeles, then what goes on?

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<v Speaker 2>I'm in Los Angeles and now, of course I'm looking

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<v Speaker 2>for work and I did so many people except the band.

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<v Speaker 2>I arrived and I used to go down with my

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<v Speaker 2>horn to the Musicians Union, which was at eight seventeen

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<v Speaker 2>Vine Street in those days. I go there every day

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<v Speaker 2>with mount horns to practice because I was living in

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<v Speaker 2>a little apartment in Hollywood and you couldn't practice your

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<v Speaker 2>instruments there, so I would walk a mile to a

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<v Speaker 2>local forty seven on Vine Street. I practiced my horns,

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<v Speaker 2>and then they also had rehearsal rooms there. And then

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<v Speaker 2>one of the bands heard me playing practicing and they said, hey,

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<v Speaker 2>we need an alto player. So I joined that band.

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<v Speaker 2>It was a rehearsal band, and you met a lot

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<v Speaker 2>of musicians, with a lot of great musicians there through

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<v Speaker 2>the rehearsal band. Because we used to we used to

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<v Speaker 2>play charts for all the arrangers used to bring in

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<v Speaker 2>their charts try them out, and so we got to

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<v Speaker 2>know all the arrangers. I got to know all these musicians,

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<v Speaker 2>and I started getting calls for work and I would

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<v Speaker 2>go out with I'd go out with Nat Cole, I'd

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<v Speaker 2>go out with Bobby Darren. I was out with Frank

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<v Speaker 2>Sinatra for quite a while. I was out with I

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<v Speaker 2>went out with the Less Brown Band. I went out

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<v Speaker 2>with the Charlie Charlie Barnett band. I was part of

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<v Speaker 2>Baited Ferguson's band, and I did a lot of Latin bands.

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<v Speaker 2>I was playing Latin bands and used to Sunday night

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<v Speaker 2>on I had the Palladium Bowroom in La used to

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<v Speaker 2>have five six bands doing Latin Night. On Sunday, you'd

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<v Speaker 2>have two thousand of latinos dancing. It was incredible and

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<v Speaker 2>sometimes I'd play with four of the five bands. It

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<v Speaker 2>was just a great time. There was lots of opportunity.

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<v Speaker 2>There was ballrooms everywhere in La. There was jazz clubs,

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<v Speaker 2>there was every studio had full symphony orchestras. So you

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<v Speaker 2>had seven full time symphony orchestras in the studios. You

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<v Speaker 2>had three networks, they all had full time orchestras. And

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<v Speaker 2>there was clubs everywhere, so there were opportunities to play.

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<v Speaker 2>Was enormous. I was became the I was the benefactor

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<v Speaker 2>of that, and so the beneficiary I should say.

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<v Speaker 1>Once you were in La, did you go on the

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<v Speaker 1>road again or did you stay?

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<v Speaker 2>Yes? Yes, I would go out and go out and

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<v Speaker 2>come back. Yeah.

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<v Speaker 1>So what was it like being on the road in

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<v Speaker 1>the fifties as opposted today?

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<v Speaker 2>Well, I can't tell you about the road today, but

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<v Speaker 2>I can tell you about it then. It was. It

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<v Speaker 2>was fine, It was there was rarely any problems of

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<v Speaker 2>any sort. You would go out for three weeks, four weeks,

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<v Speaker 2>five weeks and then come back. You know, Uh, you

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<v Speaker 2>worked in the big ballrooms. There were ballrooms. Every every

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<v Speaker 2>city had ballrooms right either inside the city or on

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<v Speaker 2>the outskirts of the city, or and you had theaters

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<v Speaker 2>where they you would play between the movies. You would

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<v Speaker 2>you would be on the stage and the movie theater

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<v Speaker 2>played between that. Or the big dance halls. Every every

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<v Speaker 2>city had a big dance hall somewhere. And it was

0:13:59.440 --> 0:14:03.480
<v Speaker 2>wonderful to keep running into run into other bands. And

0:14:03.520 --> 0:14:07.640
<v Speaker 2>one of the great things was one time I was

0:14:07.679 --> 0:14:11.280
<v Speaker 2>with the Less Brown Band and we were in I

0:14:11.480 --> 0:14:16.560
<v Speaker 2>think it was may have been Salt Lake, I'm not

0:14:16.640 --> 0:14:19.400
<v Speaker 2>positive at the moment, but we were in the hotel.

0:14:19.440 --> 0:14:22.560
<v Speaker 2>And of course, when you're on the bus and all that,

0:14:22.640 --> 0:14:28.200
<v Speaker 2>you're dressing your jeans, your shirt, you're kind of ragged

0:14:28.240 --> 0:14:30.800
<v Speaker 2>and all that, particularly when you're driving three miles four

0:14:30.840 --> 0:14:34.760
<v Speaker 2>hundred miles a day. And we were a bunch of

0:14:34.880 --> 0:14:38.920
<v Speaker 2>us were standing outside when we're at this hotel, and

0:14:38.960 --> 0:14:41.520
<v Speaker 2>here comes the Count Basie band pulling up the stay

0:14:41.560 --> 0:14:44.360
<v Speaker 2>of the same hotel. They all got off the bus

0:14:44.400 --> 0:14:49.680
<v Speaker 2>in suits and times they looked like they just they

0:14:49.880 --> 0:14:52.440
<v Speaker 2>just were dressed for the case. It was just wonderful

0:14:52.440 --> 0:14:55.560
<v Speaker 2>to see. It was a great time. It was a

0:14:55.560 --> 0:14:56.760
<v Speaker 2>great time, Okay.

0:14:56.880 --> 0:14:59.240
<v Speaker 1>The rock and roll musicians wanted to go on the

0:14:59.320 --> 0:15:03.520
<v Speaker 1>road to meet the girls, to do drugs. Was it

0:15:03.560 --> 0:15:04.640
<v Speaker 1>the same in your era?

0:15:05.000 --> 0:15:09.920
<v Speaker 2>No, No, it was, it was I suppose there will

0:15:09.960 --> 0:15:13.080
<v Speaker 2>always be some of those. There were certainly a number

0:15:13.120 --> 0:15:16.400
<v Speaker 2>of people on hard drugs and things like that. But no,

0:15:17.760 --> 0:15:19.680
<v Speaker 2>we were all there for the music. We were there

0:15:19.720 --> 0:15:23.840
<v Speaker 2>for the music, not for the girls. Uh. We were

0:15:23.840 --> 0:15:26.640
<v Speaker 2>there for the music, definitely, okay.

0:15:26.680 --> 0:15:29.000
<v Speaker 1>And what was it like being Jewish on the road.

0:15:30.600 --> 0:15:33.280
<v Speaker 2>Nothing, You didn't know you were Jewish or anything else.

0:15:34.200 --> 0:15:36.760
<v Speaker 1>And what about when you had toured with black musicians?

0:15:36.800 --> 0:15:39.520
<v Speaker 2>What was that like? Oh, well, you had to be

0:15:39.720 --> 0:15:42.040
<v Speaker 2>you had to be very careful where you would stay.

0:15:43.440 --> 0:15:47.240
<v Speaker 2>But there was no there was no no particular, no

0:15:47.280 --> 0:15:50.480
<v Speaker 2>particular problem. The problem with when black musicians at that

0:15:50.560 --> 0:15:52.680
<v Speaker 2>time was they had to live with what they called

0:15:52.720 --> 0:15:55.600
<v Speaker 2>the Green Book, which I'm sure you know about, which

0:15:55.720 --> 0:15:57.800
<v Speaker 2>was the list of places where they could stay, where

0:15:57.840 --> 0:16:01.680
<v Speaker 2>they could eat. Uh. And so that was always difficult.

0:16:02.240 --> 0:16:06.880
<v Speaker 2>But uh, that was always difficult, probably still difficult to

0:16:06.920 --> 0:16:11.720
<v Speaker 2>this day. Other than that, it was generally generally fine.

0:16:12.080 --> 0:16:15.080
<v Speaker 2>We you know, you knew what hotels to stay at

0:16:15.120 --> 0:16:18.200
<v Speaker 2>you knew where they were where. It was acceptable to

0:16:18.240 --> 0:16:22.560
<v Speaker 2>have musicians and things like that, but generally that time

0:16:23.080 --> 0:16:26.320
<v Speaker 2>there was not a lot of them. There was a

0:16:26.360 --> 0:16:30.280
<v Speaker 2>crazy craziness going on with in the bands. It was

0:16:30.360 --> 0:16:33.440
<v Speaker 2>there was pretty pretty normal. People were pretty serious about

0:16:33.480 --> 0:16:34.120
<v Speaker 2>what they were doing.

0:16:34.840 --> 0:16:37.320
<v Speaker 1>So what would you and the other band members do

0:16:37.400 --> 0:16:39.360
<v Speaker 1>when you were not on stage, when you were on

0:16:39.400 --> 0:16:41.720
<v Speaker 1>the bus or in the hotel room? How would you

0:16:41.800 --> 0:16:42.480
<v Speaker 1>pass the time?

0:16:43.880 --> 0:16:46.520
<v Speaker 2>Uh? Well, I always sat in the back of the bus.

0:16:46.560 --> 0:16:49.200
<v Speaker 2>The leader always had in the front of the bush.

0:16:49.640 --> 0:16:52.160
<v Speaker 2>The girl singer always had in the front of the bus.

0:16:52.800 --> 0:16:55.720
<v Speaker 2>Uh So everybody had their place where they use They said,

0:16:55.760 --> 0:16:58.640
<v Speaker 2>I like to sit in the back. You read, you read,

0:16:59.160 --> 0:17:02.360
<v Speaker 2>you're looking to see, you talk to you, talk to

0:17:02.400 --> 0:17:06.240
<v Speaker 2>your friends. Nothing dramatic, nothing dramatic.

0:17:07.080 --> 0:17:10.800
<v Speaker 1>Okay. So from the time that you came to Los

0:17:10.800 --> 0:17:14.480
<v Speaker 1>Angeles till you opened your office, how long a period

0:17:14.480 --> 0:17:15.119
<v Speaker 1>of time was that?

0:17:17.400 --> 0:17:19.400
<v Speaker 2>About three or four years, I guess.

0:17:19.840 --> 0:17:22.760
<v Speaker 1>Okay. So in that three or four years, excuse me,

0:17:23.119 --> 0:17:25.280
<v Speaker 1>you were practicing.

0:17:24.720 --> 0:17:27.879
<v Speaker 2>No law, no, not at all whatsoever.

0:17:28.520 --> 0:17:31.639
<v Speaker 1>Okay. So you have these friends, they get into varying

0:17:31.720 --> 0:17:36.000
<v Speaker 1>scraps with drugs. You're a newbie lawyer, So how do

0:17:36.040 --> 0:17:38.000
<v Speaker 1>you figure out how to defend them?

0:17:39.480 --> 0:17:43.560
<v Speaker 2>You do a lot of quick reading. It was it

0:17:43.600 --> 0:17:46.800
<v Speaker 2>was fairly simple. Let me take an example. There was

0:17:46.840 --> 0:17:49.879
<v Speaker 2>a lot of clubs on Sunset Boulevard, amongst other places.

0:17:51.200 --> 0:17:53.560
<v Speaker 2>So I be playing that. There was the Macambo, there

0:17:53.600 --> 0:17:57.400
<v Speaker 2>was Ciro's, there was the Crescendo, there was the Interlude.

0:17:58.840 --> 0:18:01.880
<v Speaker 2>There was a number of clubs there, amongst other places,

0:18:01.960 --> 0:18:04.960
<v Speaker 2>of course, all around the city. So let's say we

0:18:04.960 --> 0:18:09.879
<v Speaker 2>were working at the Macombo, all the clubs, everything closed

0:18:09.880 --> 0:18:11.800
<v Speaker 2>to two in the morning. At two in the morning,

0:18:12.600 --> 0:18:16.000
<v Speaker 2>we will be packing up. The cops would be backstage

0:18:16.440 --> 0:18:19.280
<v Speaker 2>and they say to the to the guy, open up

0:18:19.320 --> 0:18:23.280
<v Speaker 2>your case. Okay. They opened the cases, so there'd be

0:18:23.320 --> 0:18:28.240
<v Speaker 2>some drugs in it. Musicians didn't. It was easy for

0:18:28.280 --> 0:18:31.639
<v Speaker 2>the cops because musicians didn't carry knives, they didn't carry guns,

0:18:31.760 --> 0:18:36.760
<v Speaker 2>they didn't resist the rest. They weren't violent. So they

0:18:37.359 --> 0:18:41.479
<v Speaker 2>were giving it a rest document and saying you got

0:18:41.480 --> 0:18:43.560
<v Speaker 2>the peer in court at such and such a time.

0:18:45.520 --> 0:18:48.560
<v Speaker 2>It was clearly illegal search and seizure. There was a

0:18:48.600 --> 0:18:50.680
<v Speaker 2>motion we used to make at that time called nine

0:18:50.760 --> 0:18:52.720
<v Speaker 2>nine to five. I don't know what it's called today,

0:18:54.040 --> 0:18:56.600
<v Speaker 2>and we may go down to the court and make

0:18:56.640 --> 0:19:01.680
<v Speaker 2>a motion of illegal search and season probable cause to

0:19:02.640 --> 0:19:06.399
<v Speaker 2>accost them, and we walk out the door. And usually

0:19:06.400 --> 0:19:08.400
<v Speaker 2>I'd walk out the door with a contract or motion

0:19:08.560 --> 0:19:11.560
<v Speaker 2>picture contract or a television contract or some kind of

0:19:11.600 --> 0:19:15.680
<v Speaker 2>contract to review. And so I studied a lot.

0:19:17.240 --> 0:19:21.720
<v Speaker 1>Okay, how long after you started practicing law did you

0:19:21.800 --> 0:19:23.680
<v Speaker 1>stop playing music professionally?

0:19:24.480 --> 0:19:30.320
<v Speaker 2>Probably another seven eight years something like that.

0:19:31.040 --> 0:19:34.760
<v Speaker 1>Well, really, so, did you think that you were living

0:19:35.200 --> 0:19:37.800
<v Speaker 1>the dream in your music career or was there a

0:19:37.880 --> 0:19:39.760
<v Speaker 1>rung above that you were trying to reach.

0:19:41.080 --> 0:19:48.480
<v Speaker 2>Well, my rung was to be a studio musician, to play,

0:19:48.720 --> 0:19:52.240
<v Speaker 2>to play record and all that. And I was starting

0:19:52.240 --> 0:19:56.159
<v Speaker 2>to get a lot of very good work in town.

0:19:57.400 --> 0:20:00.000
<v Speaker 2>I was achieving it. And then I was trying to

0:20:00.080 --> 0:20:01.800
<v Speaker 2>to do both. I was trying to do the loan,

0:20:01.880 --> 0:20:05.160
<v Speaker 2>I was trying to do music. So one day, when

0:20:05.160 --> 0:20:08.719
<v Speaker 2>I was driving home, I fell asleep at the wheel.

0:20:10.359 --> 0:20:14.280
<v Speaker 2>Fortunately I was not in a bad accident, and I realized,

0:20:14.280 --> 0:20:17.600
<v Speaker 2>I have to make a choice. I can't continue to

0:20:17.600 --> 0:20:18.119
<v Speaker 2>do both.

0:20:19.480 --> 0:20:22.520
<v Speaker 1>And how hard was it to give up the music? Emotionally?

0:20:23.000 --> 0:20:23.680
<v Speaker 2>Very difficult?

0:20:24.720 --> 0:20:27.760
<v Speaker 1>And when you stopped, did you continue to play your

0:20:27.800 --> 0:20:30.080
<v Speaker 1>horn or did you put it down because it was

0:20:30.119 --> 0:20:31.240
<v Speaker 1>too painful to play?

0:20:31.760 --> 0:20:34.520
<v Speaker 2>No. I continued to play my horn. I continued to

0:20:34.560 --> 0:20:41.680
<v Speaker 2>do things not quite as much, and I would join

0:20:41.800 --> 0:20:45.800
<v Speaker 2>some local My training was, my training was my teachers

0:20:45.840 --> 0:20:48.359
<v Speaker 2>were in Chicago Siphony, so my training, my training was

0:20:48.400 --> 0:20:53.919
<v Speaker 2>classical music. So I started to do with local community

0:20:54.040 --> 0:20:56.960
<v Speaker 2>orchestras and things like that, which I continued to do

0:20:57.040 --> 0:20:57.760
<v Speaker 2>for a long time.

0:21:05.160 --> 0:21:08.320
<v Speaker 1>Okay, so you're in Beverly Hills, you have your office.

0:21:08.640 --> 0:21:11.720
<v Speaker 1>What's the legal landscape like that? Are you a party

0:21:11.760 --> 0:21:14.640
<v Speaker 1>of one? Are there ten people like you? The big

0:21:14.760 --> 0:21:16.879
<v Speaker 1>law firms predate this. What's it like?

0:21:17.760 --> 0:21:19.919
<v Speaker 2>Well, I couldn't get a job because I was not

0:21:20.000 --> 0:21:22.679
<v Speaker 2>ready to give up my music. I was looking around

0:21:22.680 --> 0:21:30.040
<v Speaker 2>for a place. So I was trying to figure out

0:21:30.040 --> 0:21:33.800
<v Speaker 2>what to do. And so I got a little space.

0:21:34.119 --> 0:21:36.159
<v Speaker 2>It was an ad in the trades, and I got

0:21:36.200 --> 0:21:39.480
<v Speaker 2>a space for services. So I said, okay, I went

0:21:39.520 --> 0:21:42.479
<v Speaker 2>to this place on South Beverly Drive in Beverly Hills,

0:21:43.280 --> 0:21:45.439
<v Speaker 2>and I got a little office. I would have to

0:21:45.480 --> 0:21:48.760
<v Speaker 2>render certain services, like going to court for the attorney

0:21:48.840 --> 0:21:51.320
<v Speaker 2>there that I worked for a name with Lou Most

0:21:52.400 --> 0:21:55.200
<v Speaker 2>and he would pay me twenty five dollars a court appearance,

0:21:55.240 --> 0:21:57.600
<v Speaker 2>but I would have a little office I can work

0:21:57.640 --> 0:22:00.639
<v Speaker 2>out of. He never paid me the twenty five dollars,

0:22:00.880 --> 0:22:03.600
<v Speaker 2>so I lasted for a couple of years and then

0:22:03.720 --> 0:22:07.800
<v Speaker 2>left and got another office on my own. In the meantime,

0:22:07.920 --> 0:22:10.240
<v Speaker 2>I was continued to work and I started to work

0:22:10.240 --> 0:22:13.440
<v Speaker 2>with the La Philharmonic and I did that for six years.

0:22:13.720 --> 0:22:19.040
<v Speaker 2>Along with this, I was doing there playing their saxophone

0:22:19.080 --> 0:22:23.000
<v Speaker 2>work and for instance, like pictures that an exhibition with

0:22:23.080 --> 0:22:28.200
<v Speaker 2>the symphony, the balo, revels, bleo and things like that

0:22:28.480 --> 0:22:32.080
<v Speaker 2>with a saxophone with them. And then for Pop Knights,

0:22:32.119 --> 0:22:34.800
<v Speaker 2>I would play saxophone and clarinet for them with them

0:22:35.119 --> 0:22:37.600
<v Speaker 2>with the La Philharmonic, I was doing that and that

0:22:37.760 --> 0:22:41.560
<v Speaker 2>was terrific. Alongside while I was while I started by

0:22:41.640 --> 0:22:44.359
<v Speaker 2>practice of law, and I was doing some record dates

0:22:44.400 --> 0:22:46.679
<v Speaker 2>here and there and things of that nature. So I

0:22:46.720 --> 0:22:49.040
<v Speaker 2>was doing both until it became impossible.

0:22:50.280 --> 0:22:53.080
<v Speaker 1>And was there enough work because you were constantly in

0:22:53.119 --> 0:22:54.480
<v Speaker 1>contact with people.

0:22:54.320 --> 0:22:57.000
<v Speaker 2>Yeah, there was enough work. That was enough work.

0:22:57.080 --> 0:23:01.080
<v Speaker 1>So now you put down your horn profession and you're

0:23:01.119 --> 0:23:03.239
<v Speaker 1>one hundred percent of lawyer. What goes on?

0:23:03.359 --> 0:23:11.360
<v Speaker 2>Then? Well, okay, so I I had another, a second

0:23:11.440 --> 0:23:16.280
<v Speaker 2>little office on my own while I was going along,

0:23:16.480 --> 0:23:22.720
<v Speaker 2>and then I had moved to another one. I practiced,

0:23:22.760 --> 0:23:26.080
<v Speaker 2>started to get busy, and then I decided I only

0:23:26.119 --> 0:23:29.879
<v Speaker 2>wanted to do entertainment law and I didn't want to

0:23:29.920 --> 0:23:34.440
<v Speaker 2>do I was doing what they call door law. The

0:23:34.440 --> 0:23:39.320
<v Speaker 2>door law is whatever comes in the door. I did divorces,

0:23:39.520 --> 0:23:44.600
<v Speaker 2>I did adoptions, I did taxes, I did personal injury cases.

0:23:45.680 --> 0:23:48.919
<v Speaker 2>I did a zoning case. I did a murder case.

0:23:49.160 --> 0:23:53.240
<v Speaker 2>I did a robbery case, and I did I was

0:23:53.280 --> 0:23:58.040
<v Speaker 2>doing contract television contracts, mostly picture contracts. So one day

0:23:58.119 --> 0:24:01.920
<v Speaker 2>I said, I'm just want to do the entertainment stuff.

0:24:02.080 --> 0:24:05.400
<v Speaker 2>So I hired my first lawyer and I said, you're

0:24:05.440 --> 0:24:09.560
<v Speaker 2>going to do everything I don't want to do. And

0:24:10.080 --> 0:24:16.320
<v Speaker 2>that was Chuck Hurwitz. Eventually became Cooper and Hurwitz, and

0:24:16.880 --> 0:24:22.240
<v Speaker 2>after that it became Cooper Epstein at Hurwitz. Epstein was

0:24:22.880 --> 0:24:25.960
<v Speaker 2>somebody who had his own firm across the hall from

0:24:26.040 --> 0:24:31.959
<v Speaker 2>us in Beverly Hills, and he was looking to change

0:24:31.960 --> 0:24:34.560
<v Speaker 2>his situation and he came over with us with a

0:24:34.560 --> 0:24:37.520
<v Speaker 2>couple of attorneys and we started our little firm a

0:24:37.600 --> 0:24:41.600
<v Speaker 2>Cooper Epstein. Herwits the seven lawyers, we eventually grew to

0:24:41.760 --> 0:24:42.520
<v Speaker 2>about fifty.

0:24:44.640 --> 0:24:48.560
<v Speaker 1>Jumping way ahead, how do you transfer from Cooper Epstein

0:24:48.600 --> 0:24:51.240
<v Speaker 1>and Hurwitz to Greenberg Towing where you are?

0:24:51.320 --> 0:24:56.040
<v Speaker 2>Now? Sure? Our firm was about fifty Cooper Epstein at

0:24:56.080 --> 0:25:02.240
<v Speaker 2>Hurwitz and we were kind of in the middle. The

0:25:03.119 --> 0:25:06.000
<v Speaker 2>firms that I thought were great were much bigger or

0:25:06.080 --> 0:25:09.879
<v Speaker 2>much smaller, and so I went looking for a merger

0:25:09.960 --> 0:25:14.800
<v Speaker 2>or partner for us, and I found a firm ment

0:25:14.800 --> 0:25:18.960
<v Speaker 2>at Phelps and Phillips that they were interested in us.

0:25:19.119 --> 0:25:23.159
<v Speaker 2>Not everybody wanted to go, so we closed down. I

0:25:23.240 --> 0:25:27.879
<v Speaker 2>went there with about fifteen lawyers. It was not for me.

0:25:28.040 --> 0:25:30.600
<v Speaker 2>I discovered it as soon as I got there. This

0:25:30.720 --> 0:25:33.080
<v Speaker 2>wasn't for me for a lot of personal reasons which

0:25:33.119 --> 0:25:36.000
<v Speaker 2>I won't go into. It's a good firm with very

0:25:36.000 --> 0:25:40.239
<v Speaker 2>good lawyers, but it just didn't fit. It didn't fit me,

0:25:40.280 --> 0:25:42.280
<v Speaker 2>all right. I didn't fit it one or the other.

0:25:43.960 --> 0:25:48.119
<v Speaker 2>And out of the blue, Out of the blue, I

0:25:48.119 --> 0:25:51.119
<v Speaker 2>get a call from Larry Hoffman, who was one of

0:25:51.200 --> 0:25:53.480
<v Speaker 2>the founders of the firm ris. The fir was Greenberg

0:25:53.520 --> 0:25:57.040
<v Speaker 2>Troway Hoffman. I called me and said, we just opened

0:25:57.040 --> 0:26:01.840
<v Speaker 2>in California, which they did. That year, and we're looking

0:26:01.880 --> 0:26:06.000
<v Speaker 2>for somebody to start to our entertainment practice. You want

0:26:06.000 --> 0:26:08.879
<v Speaker 2>to come. Since I had only moved one time and

0:26:08.960 --> 0:26:11.159
<v Speaker 2>the idea of moving it was a bore to me,

0:26:12.320 --> 0:26:14.679
<v Speaker 2>I said, I don't think so. So he talked to

0:26:14.680 --> 0:26:18.680
<v Speaker 2>me as a company taking a trip, which they wanted

0:26:18.720 --> 0:26:20.920
<v Speaker 2>to send me at first class to the New York

0:26:20.960 --> 0:26:24.240
<v Speaker 2>office or Miami office and bring a friend of yours

0:26:24.280 --> 0:26:26.920
<v Speaker 2>and come and take a look at us. So I did.

0:26:28.240 --> 0:26:31.919
<v Speaker 2>I was impressed. I was impressed with a firm. I

0:26:32.000 --> 0:26:35.639
<v Speaker 2>was impressed with what they were doing. I had the lawyer,

0:26:35.760 --> 0:26:40.399
<v Speaker 2>the quality of lawyers. I came back, and the idea

0:26:40.400 --> 0:26:46.640
<v Speaker 2>of moving again was somewhat a boring to me, so

0:26:47.760 --> 0:26:50.840
<v Speaker 2>I said no. I said, well, think about it. So

0:26:50.960 --> 0:26:57.840
<v Speaker 2>I did. And as my life at the men at

0:26:57.840 --> 0:27:03.320
<v Speaker 2>Phelps was not great as far as I've concerned, what

0:27:03.440 --> 0:27:06.160
<v Speaker 2>I felt over there, and I was feeling really bad,

0:27:06.240 --> 0:27:07.920
<v Speaker 2>I said, I don't know if I could stay here.

0:27:08.640 --> 0:27:11.520
<v Speaker 2>I finally called Larry back after about six months, and

0:27:11.560 --> 0:27:16.040
<v Speaker 2>I said, Larry, you're still interested. He says, yes, come over,

0:27:16.119 --> 0:27:20.160
<v Speaker 2>he says, and bring and get whoever you want. So

0:27:20.840 --> 0:27:24.520
<v Speaker 2>I came, and I started calling the people who had

0:27:24.560 --> 0:27:28.720
<v Speaker 2>worked with me and for me my previous life, and

0:27:28.800 --> 0:27:32.760
<v Speaker 2>they started coming one by one and including my including

0:27:32.760 --> 0:27:37.160
<v Speaker 2>my partner, I Rapstein, and a whole bunch of them

0:27:37.200 --> 0:27:40.520
<v Speaker 2>came and I've been with the firm ever since. It's

0:27:40.560 --> 0:27:46.960
<v Speaker 2>an incredible firm. The broad knowledge and experience and quality

0:27:46.960 --> 0:27:50.480
<v Speaker 2>of lawyer here is phenomenal. It's a big firm, but

0:27:50.680 --> 0:27:53.840
<v Speaker 2>doesn't function like a big firm as far as we're concerned,

0:27:54.480 --> 0:27:58.040
<v Speaker 2>and I treat our department as a boutique that sits

0:27:58.040 --> 0:28:04.080
<v Speaker 2>in a big firm. They have made the experience quite well,

0:28:04.200 --> 0:28:12.520
<v Speaker 2>quite excellent. You feel like they're giving you the reins

0:28:12.600 --> 0:28:15.960
<v Speaker 2>and saying you run with it. It's yours. And that's

0:28:16.040 --> 0:28:16.600
<v Speaker 2>how it's been.

0:28:17.880 --> 0:28:21.240
<v Speaker 1>So how many years at Manat and how many years

0:28:21.280 --> 0:28:22.720
<v Speaker 1>at Greenberg DrAk.

0:28:22.840 --> 0:28:25.119
<v Speaker 2>I was a man at about six to seven, I

0:28:25.160 --> 0:28:27.840
<v Speaker 2>can't remember exactly. And here I've been here about twenty

0:28:27.920 --> 0:28:28.720
<v Speaker 2>years a little over.

0:28:29.240 --> 0:28:34.840
<v Speaker 1>Okay. So when you had fifty with Cooper, Epstein and Horoitz,

0:28:34.920 --> 0:28:37.600
<v Speaker 1>fifty attorneys, and you said you either had to be

0:28:37.640 --> 0:28:41.360
<v Speaker 1>smaller or larger, what are the advantages of now being

0:28:41.400 --> 0:28:43.000
<v Speaker 1>with a larger firm?

0:28:44.600 --> 0:28:47.360
<v Speaker 2>The advantage of being larger firm than I found here

0:28:47.560 --> 0:28:52.520
<v Speaker 2>is the expertise that you can find. There's an x.

0:28:52.600 --> 0:28:55.480
<v Speaker 2>They have an expert on everything. I don't care what

0:28:55.520 --> 0:29:00.800
<v Speaker 2>it is. You can send out emails I need an

0:29:00.800 --> 0:29:04.560
<v Speaker 2>expert on horse maneur in Colorado, and you'll get fifty

0:29:04.600 --> 0:29:10.680
<v Speaker 2>year responses. I'm exaggerating slightly, obviously, but there's an expert

0:29:10.720 --> 0:29:13.920
<v Speaker 2>on everything here. The quality of lawyer is phenomenal. The

0:29:14.000 --> 0:29:20.479
<v Speaker 2>willingness to share and help is phenomenal. They give you

0:29:20.520 --> 0:29:24.719
<v Speaker 2>the reins and they say it's yours. You do what

0:29:24.800 --> 0:29:26.920
<v Speaker 2>you want to do. They're not telling you how to practice,

0:29:27.720 --> 0:29:32.440
<v Speaker 2>they're not limiting your abilities to practice. Be straight, but

0:29:32.640 --> 0:29:35.760
<v Speaker 2>follow the law, do what to do, it's right, be honest,

0:29:37.560 --> 0:29:42.320
<v Speaker 2>and they give you the tools. And that's all anybody

0:29:42.360 --> 0:29:42.840
<v Speaker 2>can ask.

0:29:43.680 --> 0:29:46.280
<v Speaker 1>And what's it like working for somebody else? Is supposed

0:29:46.320 --> 0:29:47.320
<v Speaker 1>to working for yourself.

0:29:50.400 --> 0:29:53.680
<v Speaker 2>I feel like I'm working for myself. I don't feel

0:29:53.680 --> 0:29:55.360
<v Speaker 2>like I'm working for somebody else. If you want to

0:29:55.360 --> 0:29:56.360
<v Speaker 2>know the truth.

0:29:56.880 --> 0:30:01.080
<v Speaker 1>Okay, so what year did you merge with Epstein and Herwitz?

0:30:01.080 --> 0:30:02.200
<v Speaker 1>When when did that happen?

0:30:02.520 --> 0:30:06.880
<v Speaker 2>Ha? Well, I didn't merge with it. I mean I

0:30:07.960 --> 0:30:11.880
<v Speaker 2>chuck Herwitz. I hired I told you he works for me,

0:30:12.040 --> 0:30:14.080
<v Speaker 2>and I made him that. I made him a partner.

0:30:15.960 --> 0:30:19.560
<v Speaker 2>We merged with he had about three lawyers. What year

0:30:19.600 --> 0:30:22.240
<v Speaker 2>would that be It would take me a while to

0:30:22.280 --> 0:30:26.680
<v Speaker 2>compute that. I can't remember. But let's say I've been

0:30:26.720 --> 0:30:29.240
<v Speaker 2>here twenty some odd years. I was in mentat about

0:30:29.280 --> 0:30:39.880
<v Speaker 2>six to seven years and see ten years there. Probably

0:30:39.880 --> 0:30:45.440
<v Speaker 2>we were together previously twenty twenty five years.

0:30:45.440 --> 0:30:51.000
<v Speaker 1>I would say, okay, so now you're practicing law. Music

0:30:51.080 --> 0:30:55.160
<v Speaker 1>is unfortunately just a hobby. And you say, you hire

0:30:55.240 --> 0:30:59.280
<v Speaker 1>Chuck Herwitz to do the stuff walks in. It's not entertainment.

0:31:00.120 --> 0:31:05.080
<v Speaker 1>How broad is your entertainment practice? How much is television

0:31:05.200 --> 0:31:06.160
<v Speaker 1>movies music?

0:31:07.200 --> 0:31:10.160
<v Speaker 2>Fifty percent is music and fifty percent would be television

0:31:10.200 --> 0:31:11.040
<v Speaker 2>and motion picture.

0:31:11.800 --> 0:31:13.120
<v Speaker 1>And has it continued like that?

0:31:13.520 --> 0:31:13.760
<v Speaker 2>Yes?

0:31:15.200 --> 0:31:20.160
<v Speaker 1>And for the uninitiated, what is the difference in those

0:31:20.200 --> 0:31:22.920
<v Speaker 1>two areas. What's the difference in terms of how do

0:31:22.960 --> 0:31:24.760
<v Speaker 1>you see it in terms of the music business in

0:31:24.800 --> 0:31:25.680
<v Speaker 1>the movie business.

0:31:26.440 --> 0:31:28.280
<v Speaker 2>Yeah, I can tell you. I could tell you that

0:31:31.120 --> 0:31:35.160
<v Speaker 2>straightforward way, which is, in order to be an entertainment

0:31:35.240 --> 0:31:38.760
<v Speaker 2>lawyer in these fields, you have to know the business

0:31:39.240 --> 0:31:40.960
<v Speaker 2>of what you're in. You have to know the business

0:31:41.040 --> 0:31:44.040
<v Speaker 2>of the motion picture business. The business of television, the

0:31:44.080 --> 0:31:46.520
<v Speaker 2>business of music. In other words, you have to know

0:31:47.400 --> 0:31:50.480
<v Speaker 2>in record business, how records are made, how they're distributed,

0:31:50.880 --> 0:31:54.840
<v Speaker 2>what the wholesale is, what retail is, where the money

0:31:54.880 --> 0:31:59.200
<v Speaker 2>is flowing from? What a licensing of the music rights?

0:31:59.400 --> 0:32:02.880
<v Speaker 2>What is it costs for all of that? Uh is

0:32:02.880 --> 0:32:05.040
<v Speaker 2>a What does a record company earn when they sell

0:32:05.120 --> 0:32:11.400
<v Speaker 2>a record or today when they're licensing streaming services? What

0:32:11.520 --> 0:32:14.080
<v Speaker 2>do they get? What are the deals? Same thing in

0:32:14.160 --> 0:32:17.080
<v Speaker 2>motion pictures and television you have to know what does

0:32:17.080 --> 0:32:19.800
<v Speaker 2>the director get. What are the fees for directors? What

0:32:19.840 --> 0:32:24.280
<v Speaker 2>are the fees for producers? What are the fees for writers?

0:32:24.760 --> 0:32:27.760
<v Speaker 2>What does it cost to get an actor? What are

0:32:27.760 --> 0:32:32.120
<v Speaker 2>the residuals? What are net profits? What are adjusted gross profits?

0:32:32.640 --> 0:32:35.600
<v Speaker 2>What are the deductions can what are the various definitions

0:32:36.240 --> 0:32:38.400
<v Speaker 2>what can be deducted from all You have to know

0:32:38.480 --> 0:32:41.840
<v Speaker 2>the business, not only the law that affects it, not

0:32:41.880 --> 0:32:44.920
<v Speaker 2>only copy. Remember, you have to know copyright because that's

0:32:44.960 --> 0:32:49.200
<v Speaker 2>the very foundation of our businesses. Copyright. Copyright is the

0:32:49.240 --> 0:32:51.760
<v Speaker 2>reason there is a motion picture business, or a music business,

0:32:51.880 --> 0:32:54.920
<v Speaker 2>or television business, because it gives you a copyright, which

0:32:55.160 --> 0:32:59.160
<v Speaker 2>gives you ownership, protection of intellectual property rights. So you

0:32:59.280 --> 0:33:02.640
<v Speaker 2>have to understand in you have to understand copyright and

0:33:02.760 --> 0:33:08.960
<v Speaker 2>copyright law. An example of copyright is the copyright. The

0:33:09.040 --> 0:33:13.600
<v Speaker 2>Copyright Act is probably, I don't know, one hundred pages,

0:33:13.600 --> 0:33:17.920
<v Speaker 2>two hundred pages Nimber on copyright, which is the major

0:33:17.960 --> 0:33:23.040
<v Speaker 2>authority on copyright. It is twelve volumes interpreting the copyright law. Okay,

0:33:23.440 --> 0:33:30.200
<v Speaker 2>twelve very thick volumes interpreting that that small little copyright law,

0:33:30.600 --> 0:33:33.280
<v Speaker 2>if you will. Then, as I say, you have to

0:33:33.360 --> 0:33:37.560
<v Speaker 2>understand the business of the motion pictures and television and music,

0:33:37.840 --> 0:33:40.719
<v Speaker 2>how the product is distributed, how it's sold, how you

0:33:40.720 --> 0:33:44.000
<v Speaker 2>earn your money, who are the recipients of the money.

0:33:44.520 --> 0:33:47.400
<v Speaker 2>So you are not just a lawyer, You're a You're

0:33:47.400 --> 0:33:50.760
<v Speaker 2>a business person because you have to understand the entire

0:33:50.840 --> 0:33:55.480
<v Speaker 2>business of what you are in. And each of them

0:33:55.520 --> 0:33:58.760
<v Speaker 2>are different. There's a different different music and television and

0:33:58.840 --> 0:34:04.280
<v Speaker 2>motion pictures because the product is different, the creation of

0:34:04.280 --> 0:34:07.240
<v Speaker 2>the product is different, the distribution of the product is different,

0:34:07.360 --> 0:34:09.960
<v Speaker 2>and the moneies that you received from them is different.

0:34:11.360 --> 0:34:15.120
<v Speaker 1>So did you just learn through experience or do you

0:34:15.200 --> 0:34:18.120
<v Speaker 1>read trade papers? How do you keep up?

0:34:20.040 --> 0:34:24.279
<v Speaker 2>You have experience, but you read everything, reading every day.

0:34:24.440 --> 0:34:29.120
<v Speaker 2>You read the trades, you read the latest publications, you

0:34:29.200 --> 0:34:35.880
<v Speaker 2>read the latest litigation lawsuits, you read the decisions. You

0:34:36.040 --> 0:34:38.920
<v Speaker 2>read as much as you can about the latest deal making.

0:34:39.480 --> 0:34:43.360
<v Speaker 2>You attend seminars, you review, you go to you go

0:34:43.400 --> 0:34:50.239
<v Speaker 2>to various conferences. There's no ent toy. There's no end

0:34:50.400 --> 0:34:53.919
<v Speaker 2>to learning in this business. There's no time in which

0:34:53.920 --> 0:34:57.120
<v Speaker 2>you say I know it. There's no time in which

0:34:57.120 --> 0:34:59.880
<v Speaker 2>you know it at all. There will always be.

0:35:01.960 --> 0:35:05.440
<v Speaker 1>Now, this is your profession for a long time. Yes,

0:35:05.760 --> 0:35:07.799
<v Speaker 1>do you like it? Do you enjoy it?

0:35:08.600 --> 0:35:10.560
<v Speaker 2>I love it, and I enjoy it. I love it.

0:35:10.560 --> 0:35:12.360
<v Speaker 2>It's why I'm still doing it.

0:35:13.920 --> 0:35:16.160
<v Speaker 1>Let me ask you this. Let's just assume you were

0:35:16.200 --> 0:35:19.680
<v Speaker 1>working solely and I came in and I said, oh,

0:35:19.800 --> 0:35:22.360
<v Speaker 1>I have a recording contract or I'm an actor in

0:35:22.400 --> 0:35:26.400
<v Speaker 1>a movie. Do you still draft the contracts or do

0:35:26.440 --> 0:35:30.280
<v Speaker 1>you just make the deal and then subsidiary attorneys would

0:35:30.560 --> 0:35:32.280
<v Speaker 1>get it on paper, so to speak.

0:35:32.440 --> 0:35:36.040
<v Speaker 2>Well, at this point I have great associates for me

0:35:36.320 --> 0:35:40.880
<v Speaker 2>that are doing drafting and things of that nature. We

0:35:41.040 --> 0:35:44.880
<v Speaker 2>have our forms that we accumulated over the years. They're constant,

0:35:44.920 --> 0:35:47.120
<v Speaker 2>they're always out of date the day you draw them.

0:35:47.160 --> 0:35:51.000
<v Speaker 2>They're out of date. So we're constantly reviewing it. Fortunately

0:35:51.040 --> 0:35:53.239
<v Speaker 2>I'm not doing a whole lot of drafting, but I

0:35:53.320 --> 0:35:57.759
<v Speaker 2>have great associates that are doing the drafting. But at

0:35:57.760 --> 0:36:00.440
<v Speaker 2>one point I did the drafting, I did the reviewing

0:36:00.880 --> 0:36:04.440
<v Speaker 2>and all that. When I first entered the business record,

0:36:04.440 --> 0:36:08.719
<v Speaker 2>contracts are three pages. They're now seventy eighty pages. Law

0:36:09.600 --> 0:36:13.439
<v Speaker 2>motion picture contracts used to be very simple, very very

0:36:13.440 --> 0:36:16.759
<v Speaker 2>straight ahead. Now there are hundreds of pages along When

0:36:16.800 --> 0:36:19.239
<v Speaker 2>you do it, when you do a deal, and sometimes

0:36:19.280 --> 0:36:24.880
<v Speaker 2>first I have some clients that do producing, directing, acting, producing, directing,

0:36:24.960 --> 0:36:29.960
<v Speaker 2>ake writing, Well, it's it's you now fill about several

0:36:30.040 --> 0:36:31.919
<v Speaker 2>volumes of what those contracts are.

0:36:33.160 --> 0:36:37.239
<v Speaker 1>Okay, you're practicing law. As I say, you create your

0:36:37.280 --> 0:36:41.160
<v Speaker 1>own forms. To a great degree, the attorney is seeing

0:36:41.280 --> 0:36:45.240
<v Speaker 1>possibilities down the road, and on both sides of the fence,

0:36:45.280 --> 0:36:49.440
<v Speaker 1>both the companies and the talent have not foreseen certain things.

0:36:50.040 --> 0:36:53.560
<v Speaker 1>So to what creed do you try to dot every I,

0:36:53.880 --> 0:36:56.880
<v Speaker 1>cross every T How do you stop? And if you

0:36:56.920 --> 0:37:00.080
<v Speaker 1>ever had regrets that you haven't included or four seen.

0:37:00.120 --> 0:37:05.160
<v Speaker 2>Something, well, you're always trying to anticipate, and of course

0:37:05.200 --> 0:37:08.280
<v Speaker 2>that's what the industry is now going through with AI, right.

0:37:09.960 --> 0:37:14.120
<v Speaker 2>I don't think that was much anticipated some time ago,

0:37:14.840 --> 0:37:17.040
<v Speaker 2>and people have been thinking about it in the last

0:37:17.680 --> 0:37:22.480
<v Speaker 2>couple of years a little bit. It's being addressed. You're

0:37:22.520 --> 0:37:25.319
<v Speaker 2>always learning, and you're always playing catch up, and you're

0:37:25.360 --> 0:37:28.600
<v Speaker 2>always going back and look at your contracts and see,

0:37:29.239 --> 0:37:32.200
<v Speaker 2>you think we have covered this if we go back

0:37:32.239 --> 0:37:35.719
<v Speaker 2>and take a look all the time. I can't say

0:37:35.760 --> 0:37:40.400
<v Speaker 2>that were anybody is or we are flawless in that regard,

0:37:40.719 --> 0:37:43.919
<v Speaker 2>but we certainly attempt to cover the bases and try

0:37:43.920 --> 0:37:47.200
<v Speaker 2>and anticipate what is coming. That's why we go to seminars,

0:37:47.200 --> 0:37:52.160
<v Speaker 2>That's why we talk to people, That's why we review

0:37:52.280 --> 0:37:54.600
<v Speaker 2>all of the latest articles on all of this thing

0:37:54.680 --> 0:37:57.319
<v Speaker 2>and see what's happening, and then delve into our contracts

0:37:57.360 --> 0:37:59.080
<v Speaker 2>and see whether we've covered the basis.

0:38:00.239 --> 0:38:03.960
<v Speaker 1>Now, in music, there are many attorneys who charge a percentage,

0:38:04.040 --> 0:38:07.319
<v Speaker 1>usually five percent. How do people go by hourly? How

0:38:07.320 --> 0:38:07.960
<v Speaker 1>do you do it?

0:38:08.320 --> 0:38:10.359
<v Speaker 2>I've done it both ways, and.

0:38:10.360 --> 0:38:12.879
<v Speaker 1>What are the advantages disadvantages to both?

0:38:13.400 --> 0:38:20.680
<v Speaker 2>Okay, the advantage and disadvantage to percentage is I've talked

0:38:20.680 --> 0:38:23.040
<v Speaker 2>to a number of clients, a number of attorneys on

0:38:23.080 --> 0:38:27.759
<v Speaker 2>this twenty percent of your clients pay for pay for

0:38:27.880 --> 0:38:32.120
<v Speaker 2>the other eighty percent. Okay, Usually when you take percentages,

0:38:32.160 --> 0:38:34.719
<v Speaker 2>if you're taking only percentages, it's twenty percent of the

0:38:34.719 --> 0:38:38.719
<v Speaker 2>clients who pay for the pay the bill. Hourly is

0:38:38.880 --> 0:38:42.880
<v Speaker 2>straight straight ahead. You're either getting paid or say goodbye.

0:38:43.920 --> 0:38:48.480
<v Speaker 2>They're either paid the hours. So some clients we have

0:38:48.520 --> 0:38:53.759
<v Speaker 2>on percentage. Some clients we have an hourly. There are

0:38:53.880 --> 0:38:57.840
<v Speaker 2>a number of particularly the boutique the smaller firms almost

0:38:57.920 --> 0:39:02.800
<v Speaker 2>exclusively do five percenters are five percenters, they do very well.

0:39:02.880 --> 0:39:05.640
<v Speaker 2>They do very well, but are they winning all the time. No,

0:39:05.719 --> 0:39:08.480
<v Speaker 2>they're winning, but twenty percent better pay the bills for

0:39:08.520 --> 0:39:14.160
<v Speaker 2>the eighty Because we are a full service firm, in

0:39:14.200 --> 0:39:18.719
<v Speaker 2>which boutiques are not. So we do litigation right. Boutiques

0:39:18.760 --> 0:39:23.279
<v Speaker 2>do not do litigation. That's hourly. There rarely is that percentage.

0:39:23.560 --> 0:39:28.560
<v Speaker 2>Rarely is that percentage. Mostly that is our corporate work.

0:39:28.600 --> 0:39:31.839
<v Speaker 2>We do corporate work. Boutiques don't do corporork's that's our

0:39:31.960 --> 0:39:35.320
<v Speaker 2>that's hourly type of work. Trademark is hourly type of work.

0:39:36.320 --> 0:39:38.560
<v Speaker 2>So it all depends on what it is. The advantage

0:39:38.600 --> 0:39:41.920
<v Speaker 2>of a big firmish you can do both. You can

0:39:42.000 --> 0:39:45.359
<v Speaker 2>do some clients on hourly, and some clients on percentage.

0:39:46.440 --> 0:39:50.600
<v Speaker 1>Okay, this is a business entertainment in general that is

0:39:50.640 --> 0:39:54.040
<v Speaker 1>shady when it comes to payment. So let's say you're

0:39:54.160 --> 0:39:57.479
<v Speaker 1>on a five percent how do you know that you're

0:39:57.520 --> 0:39:59.960
<v Speaker 1>actually getting five percent of the total.

0:40:02.480 --> 0:40:06.400
<v Speaker 2>Well, hopefully, if you're representing a client, you are representing

0:40:06.400 --> 0:40:10.359
<v Speaker 2>a client that you can trust. I recommend that very much.

0:40:12.120 --> 0:40:14.799
<v Speaker 2>I wrote. By the way, I wrote an article many

0:40:14.920 --> 0:40:18.440
<v Speaker 2>years ago for the Hollywood Reporter. It said. The article

0:40:18.520 --> 0:40:22.479
<v Speaker 2>was this, I can tell by meeting somebody a client,

0:40:22.560 --> 0:40:24.839
<v Speaker 2>let's say somebody who is a client of somebody, who

0:40:24.880 --> 0:40:29.480
<v Speaker 2>the lawyer is, because clients choose lawyers would like personalities.

0:40:29.680 --> 0:40:33.400
<v Speaker 2>By and large, Okay, I wrote that article. It was

0:40:33.680 --> 0:40:36.680
<v Speaker 2>a long time ago. And in other way, somebody who's dishonest,

0:40:36.719 --> 0:40:38.640
<v Speaker 2>do they want an honest lawyer who is going to

0:40:38.640 --> 0:40:42.040
<v Speaker 2>tell them that they're dishonest? They don't. They wanted somebody

0:40:42.080 --> 0:40:45.080
<v Speaker 2>to see what they see. If they're a paranoid personality,

0:40:45.120 --> 0:40:47.319
<v Speaker 2>they want to find a lawyer who sees the same

0:40:47.760 --> 0:40:51.680
<v Speaker 2>things that they say. And well, it's not absolutely true

0:40:51.680 --> 0:40:55.440
<v Speaker 2>at all. And the thing was a humorous article. By

0:40:55.520 --> 0:40:59.080
<v Speaker 2>and large, there's a lot of truth to that fact.

0:41:00.000 --> 0:41:05.640
<v Speaker 2>They both choose lawyers that are few things the way

0:41:05.680 --> 0:41:15.600
<v Speaker 2>they do thinks, and I think we all generally wanted

0:41:15.600 --> 0:41:20.239
<v Speaker 2>to represent somebody that we feel are good people and

0:41:21.000 --> 0:41:24.960
<v Speaker 2>pay attention to their to their profession and their honest people.

0:41:32.560 --> 0:41:36.600
<v Speaker 1>Okay, so you come into the business. Recording is going

0:41:36.680 --> 0:41:41.320
<v Speaker 1>on pretty much the beginnings, the beginning of the century, movies,

0:41:41.400 --> 0:41:46.280
<v Speaker 1>television that time, there's some major changes. Let's just focus

0:41:46.320 --> 0:41:49.960
<v Speaker 1>on the music business for a change. The Beatles come along,

0:41:50.520 --> 0:41:55.560
<v Speaker 1>and they sell more product than anybody previously. Rock comes along,

0:41:55.680 --> 0:41:59.080
<v Speaker 1>Rock starts in the early fifties, sort of fades around

0:41:59.120 --> 0:42:01.840
<v Speaker 1>the decade of the City seem it is a huge resurgence.

0:42:02.400 --> 0:42:06.280
<v Speaker 1>How does this ultimately affect the contracts in the practice

0:42:06.280 --> 0:42:06.719
<v Speaker 1>of law.

0:42:09.200 --> 0:42:13.480
<v Speaker 2>Well, Uh, a selling of a record is the selling

0:42:13.520 --> 0:42:17.320
<v Speaker 2>of a record. I don't care whether it's a Beatles

0:42:17.440 --> 0:42:20.280
<v Speaker 2>record or an Elvis Presley record or Frank Sorata record.

0:42:20.320 --> 0:42:23.000
<v Speaker 2>The selling of a record is still the same the business,

0:42:23.000 --> 0:42:27.040
<v Speaker 2>the business aspect is still the same. Uh. The some

0:42:27.160 --> 0:42:30.240
<v Speaker 2>of the players are different. Some of the players are different.

0:42:30.640 --> 0:42:34.319
<v Speaker 2>Some of the people who handle U tip top are

0:42:34.360 --> 0:42:37.560
<v Speaker 2>different than the people who are who are handling classical music.

0:42:37.719 --> 0:42:40.840
<v Speaker 2>It's an example. Okay, there are different players with different

0:42:40.880 --> 0:42:47.400
<v Speaker 2>philosophies and different and different business models. So again you

0:42:47.480 --> 0:42:50.359
<v Speaker 2>have to understand the business that you're in, which bit

0:42:50.480 --> 0:42:54.080
<v Speaker 2>it is. So the music business has many, many fascets.

0:42:54.080 --> 0:42:57.080
<v Speaker 2>It has a there's a classical music business, and I

0:42:57.160 --> 0:43:01.080
<v Speaker 2>represent several major classical artists. There's a classical music business.

0:43:01.120 --> 0:43:05.040
<v Speaker 2>There's a pop music business. There's a jazz musical business. Uh,

0:43:05.160 --> 0:43:09.120
<v Speaker 2>there's a really been blues business. They're different, the numbers

0:43:09.160 --> 0:43:14.200
<v Speaker 2>are different, the deals are different, Uh, the payments are different.

0:43:14.840 --> 0:43:18.120
<v Speaker 2>So you have to So you have to learn all

0:43:18.160 --> 0:43:21.080
<v Speaker 2>these different fields. Simply because it's music doesn't mean there's

0:43:21.120 --> 0:43:24.600
<v Speaker 2>one standard fits all. It doesn't, and one contract doesn't

0:43:24.600 --> 0:43:29.680
<v Speaker 2>fit all. It doesn't. The contracts are different, the style

0:43:29.800 --> 0:43:32.640
<v Speaker 2>of making business is different. The people on the other

0:43:32.719 --> 0:43:37.200
<v Speaker 2>side are different. The classical music people are different people

0:43:37.320 --> 0:43:41.719
<v Speaker 2>than the pop music people. They don't think alike. They

0:43:41.719 --> 0:43:44.800
<v Speaker 2>think differently, They think in different numbers and in different

0:43:44.800 --> 0:43:49.680
<v Speaker 2>ways of doing business. So the music business much like

0:43:49.719 --> 0:43:53.000
<v Speaker 2>the motion picture but the telephon, they're it's segregated in

0:43:53.080 --> 0:43:56.960
<v Speaker 2>it in and of itself. So you could talk to

0:43:57.200 --> 0:44:00.000
<v Speaker 2>the three executives and the music business from different genres.

0:44:00.400 --> 0:44:02.600
<v Speaker 2>They're thinking differently and their deals are different.

0:44:03.760 --> 0:44:07.880
<v Speaker 1>Okay, So, but the Rocket Hero starts to flourish in

0:44:07.920 --> 0:44:13.759
<v Speaker 1>the mid sixties and ultimately contracts change. Okay, there's so

0:44:14.000 --> 0:44:18.480
<v Speaker 1>many issues. A. Did the record company want the publishing, B,

0:44:18.760 --> 0:44:24.600
<v Speaker 1>cross collateralization, C free goods, D the raw royalty percentage,

0:44:24.960 --> 0:44:29.960
<v Speaker 1>accounting windows. Was that evolving generally and you evolved with it?

0:44:30.320 --> 0:44:32.960
<v Speaker 1>Or did you have certain acts you made a stand

0:44:33.239 --> 0:44:36.120
<v Speaker 1>such that you were moving the ball for artistry further

0:44:36.200 --> 0:44:37.720
<v Speaker 1>down the playing field.

0:44:38.560 --> 0:44:43.640
<v Speaker 2>Well, the deals became when the when the record companies

0:44:44.000 --> 0:44:46.640
<v Speaker 2>went to what they called the three sixty deal, that's

0:44:46.640 --> 0:44:50.320
<v Speaker 2>probably what you're talking about, in which they not only

0:44:50.400 --> 0:44:54.200
<v Speaker 2>had wanted the record, they wanted the publishing, they wanted

0:44:54.239 --> 0:44:57.640
<v Speaker 2>the touring, they wanted their acting moneies, they wanted everything

0:44:57.640 --> 0:45:00.640
<v Speaker 2>else like that. A number of us was out alone,

0:45:00.719 --> 0:45:02.759
<v Speaker 2>A number of us set up and said hold it,

0:45:02.880 --> 0:45:06.000
<v Speaker 2>hold it, holdly. This is this is an overreach. Okay,

0:45:06.560 --> 0:45:09.400
<v Speaker 2>this is a major overreach. There was a lot of

0:45:09.480 --> 0:45:14.600
<v Speaker 2>fights about that. Uh at the beginning, we thought there

0:45:14.640 --> 0:45:17.400
<v Speaker 2>was a grab by the companies at that particular time.

0:45:17.840 --> 0:45:18.040
<v Speaker 1>Uh.

0:45:18.120 --> 0:45:22.520
<v Speaker 2>They they viewed it as they were creating an actor

0:45:22.560 --> 0:45:26.400
<v Speaker 2>or had an opportunity to earn all this money, et cetera.

0:45:26.680 --> 0:45:30.960
<v Speaker 2>And so they see there were they were a partner

0:45:31.000 --> 0:45:34.040
<v Speaker 2>in that or participant in that. They wanted to share

0:45:34.239 --> 0:45:39.120
<v Speaker 2>that we are the talent side represented. The talent said, well,

0:45:39.160 --> 0:45:42.480
<v Speaker 2>wait a minute, you didn't. There's nothing about this. What

0:45:42.600 --> 0:45:45.440
<v Speaker 2>you've done is contributed that. Yes, your business is the

0:45:45.520 --> 0:45:49.120
<v Speaker 2>record business. Your business is not touring, Your business is

0:45:49.160 --> 0:45:52.879
<v Speaker 2>not movies, your business is not publishing. It's not fair.

0:45:53.280 --> 0:45:55.879
<v Speaker 2>That battle goes on, that goes onto this, that goes

0:45:55.920 --> 0:45:59.160
<v Speaker 2>on to this day as to how far you could go.

0:46:00.200 --> 0:46:03.759
<v Speaker 2>Do remember that in the motion picture industry they used

0:46:03.800 --> 0:46:07.640
<v Speaker 2>to have they used to have contracts seven year contracts

0:46:07.640 --> 0:46:12.680
<v Speaker 2>are more with actors, and they would hire them and

0:46:12.719 --> 0:46:16.719
<v Speaker 2>they would become they would become the employees, if you will,

0:46:16.840 --> 0:46:23.960
<v Speaker 2>literally of the studio. And there became a revolution amongst

0:46:23.960 --> 0:46:28.000
<v Speaker 2>the actor talent that no, that wasn't that wasn't very good,

0:46:28.000 --> 0:46:30.160
<v Speaker 2>and they used what was called then the seven year

0:46:30.239 --> 0:46:34.560
<v Speaker 2>statue to get out of these contracts. And the studios

0:46:34.560 --> 0:46:36.560
<v Speaker 2>that eventually said, well, why are we keeping all these

0:46:36.600 --> 0:46:40.400
<v Speaker 2>people on salary? And that was so it had a

0:46:40.480 --> 0:46:45.680
<v Speaker 2>dual response, which was some people said gee, i'd like this,

0:46:45.920 --> 0:46:48.680
<v Speaker 2>I like the weekly salary, and others say no, I'm

0:46:48.680 --> 0:46:53.440
<v Speaker 2>free now to work for any studio I want. Not simple,

0:46:53.520 --> 0:46:59.200
<v Speaker 2>but actors. Actors, when they finally got rid of the

0:46:59.520 --> 0:47:04.280
<v Speaker 2>seven year contracts, they started making moneies which they're getting

0:47:04.360 --> 0:47:08.040
<v Speaker 2>up to the twenty million plus salaries and making deals

0:47:08.040 --> 0:47:09.000
<v Speaker 2>because they weren't tied.

0:47:10.480 --> 0:47:13.960
<v Speaker 1>Okay, let's stay with the movie business. Be in ultimately

0:47:14.040 --> 0:47:18.360
<v Speaker 1>visual entertainment. So in the late sixties and into the seventies,

0:47:18.840 --> 0:47:22.680
<v Speaker 1>the game flips where the talent gains an amazing amount

0:47:22.800 --> 0:47:27.759
<v Speaker 1>of control. So tell us what it was like then

0:47:28.120 --> 0:47:29.680
<v Speaker 1>and what it's really like today.

0:47:31.880 --> 0:47:34.479
<v Speaker 2>Well, when the talent found they got in control, would

0:47:34.480 --> 0:47:40.400
<v Speaker 2>you have the Tom Cruises, et cetera. Who will become

0:47:41.000 --> 0:47:45.160
<v Speaker 2>necessary to open a film? Right, it all became. It

0:47:45.160 --> 0:47:49.880
<v Speaker 2>all became about opening a film. Previous to that period

0:47:49.880 --> 0:47:52.359
<v Speaker 2>of time, they would put out a film. It would stay,

0:47:52.440 --> 0:47:54.080
<v Speaker 2>it would stay on the boards or stay at as

0:47:54.120 --> 0:47:57.480
<v Speaker 2>theaters for a long time. Now you got to make

0:47:57.520 --> 0:47:59.880
<v Speaker 2>your money over the first few weekends to see if

0:47:59.880 --> 0:48:04.719
<v Speaker 2>it's really sustained the film. When they found that it

0:48:04.840 --> 0:48:08.280
<v Speaker 2>was certain actors like a Tom Cruise as an example,

0:48:12.040 --> 0:48:14.600
<v Speaker 2>they that they could open a film and all of

0:48:14.680 --> 0:48:19.840
<v Speaker 2>a sudden make millions on a weekend, multi millions on

0:48:19.920 --> 0:48:24.000
<v Speaker 2>a weekend. The actors then all of a sudden gained power.

0:48:24.080 --> 0:48:26.040
<v Speaker 2>They said, you want me for your film, this is

0:48:26.080 --> 0:48:28.680
<v Speaker 2>what they're going to have to pay. And the salaries

0:48:28.760 --> 0:48:32.280
<v Speaker 2>rose the ten million a picture to fifteen million a picture,

0:48:32.360 --> 0:48:37.839
<v Speaker 2>the twenty million of picture and had more because the

0:48:37.880 --> 0:48:41.719
<v Speaker 2>film's companies finally decided they really needed this actor to

0:48:41.800 --> 0:48:47.920
<v Speaker 2>open the film. And so whether it was Julia Roberts

0:48:48.280 --> 0:48:53.720
<v Speaker 2>or whoever, these were the people that the studio started

0:48:53.719 --> 0:48:56.760
<v Speaker 2>to look for and realized that the and the actors

0:48:56.760 --> 0:49:01.440
<v Speaker 2>started to realize that they need us. And so the

0:49:01.520 --> 0:49:08.319
<v Speaker 2>attorneys who representative took advantage on their behalf to maximize

0:49:08.360 --> 0:49:12.080
<v Speaker 2>the income that they were receiving, including the back end payments,

0:49:12.120 --> 0:49:16.239
<v Speaker 2>which is now under challenge. The back end payments is

0:49:16.280 --> 0:49:18.799
<v Speaker 2>a big subject right now and probably is the big

0:49:18.840 --> 0:49:21.760
<v Speaker 2>subject of the strikes right now, the back end payments,

0:49:22.320 --> 0:49:27.759
<v Speaker 2>because when you get it to certain certain production companies

0:49:28.600 --> 0:49:33.160
<v Speaker 2>today who won't pay a back end. Back end, of course,

0:49:33.280 --> 0:49:37.919
<v Speaker 2>is the money you get for future distribution, future exploitation

0:49:38.280 --> 0:49:41.480
<v Speaker 2>of the film, and so if you have a percentage

0:49:41.480 --> 0:49:44.120
<v Speaker 2>of the film you're going to get paid on that.

0:49:44.320 --> 0:49:46.719
<v Speaker 2>Some people are making more money from the back what

0:49:46.800 --> 0:49:49.600
<v Speaker 2>they call the back end, than they are from their

0:49:49.800 --> 0:49:53.680
<v Speaker 2>front up front fees. And that's the current battle that

0:49:53.840 --> 0:49:54.799
<v Speaker 2>goes out to this day.

0:49:55.840 --> 0:50:01.160
<v Speaker 1>Okay, if you read the trades the business public, they

0:50:01.280 --> 0:50:05.040
<v Speaker 1>say that talent prices have gone down in the theatrical

0:50:05.160 --> 0:50:10.920
<v Speaker 1>business because certain name talent is not opened films, and

0:50:11.000 --> 0:50:14.080
<v Speaker 1>some of these films, especially the Marvel movies, et cetera,

0:50:14.440 --> 0:50:18.279
<v Speaker 1>it's less important who the talent is. Have you experienced this.

0:50:19.800 --> 0:50:26.239
<v Speaker 2>I haven't personally experienced it, but I understand it. Some

0:50:26.880 --> 0:50:31.080
<v Speaker 2>of those are Yeah, some of the films of Marble films,

0:50:31.120 --> 0:50:33.319
<v Speaker 2>I understand. Whether they say people going to go see

0:50:33.360 --> 0:50:35.400
<v Speaker 2>whether no matter who's in there. I don't know if

0:50:35.400 --> 0:50:38.760
<v Speaker 2>they're completely if that's completely true or not. I haven't

0:50:38.760 --> 0:50:41.719
<v Speaker 2>been able to I haven't examined any figures to that

0:50:41.840 --> 0:50:47.120
<v Speaker 2>aspect of it. But I don't underestimate the power of

0:50:47.160 --> 0:50:49.680
<v Speaker 2>the draw of certain talent in this business.

0:50:50.600 --> 0:50:54.440
<v Speaker 1>Okay, so let you know where the talent is on

0:50:54.520 --> 0:50:56.759
<v Speaker 1>strike right now. By time this year is who knows.

0:50:56.840 --> 0:50:59.960
<v Speaker 1>Theoretically a deal could be made, but let's just talk theore.

0:51:00.920 --> 0:51:03.799
<v Speaker 1>In the old days, the back end was such that

0:51:03.920 --> 0:51:07.880
<v Speaker 1>you went to varying platforms. Maybe you were on network,

0:51:07.960 --> 0:51:11.120
<v Speaker 1>then you went into syndication, then you went into physical

0:51:11.239 --> 0:51:16.640
<v Speaker 1>with DVDs, vhs. Whereas with Netflix, let's say they might

0:51:16.760 --> 0:51:21.000
<v Speaker 1>buy out the product and only have it on their platform,

0:51:21.080 --> 0:51:24.239
<v Speaker 1>so you could have a contract with externalities if they

0:51:24.280 --> 0:51:28.640
<v Speaker 1>distributed elsewhere. But if the product is paid for by

0:51:28.719 --> 0:51:32.600
<v Speaker 1>Netflix and sits on Netflix, how would we construct the

0:51:32.680 --> 0:51:33.239
<v Speaker 1>back end?

0:51:35.080 --> 0:51:37.840
<v Speaker 2>Netflix, to my knowledge, does not pay it back end.

0:51:38.520 --> 0:51:41.640
<v Speaker 1>Right, But as a representative of talent and the talent

0:51:41.760 --> 0:51:44.399
<v Speaker 1>is looking for more money, do you see any way

0:51:44.400 --> 0:51:44.840
<v Speaker 1>to do that?

0:51:45.520 --> 0:51:51.440
<v Speaker 2>No? Back Netflix is a great company, but they have

0:51:51.520 --> 0:51:53.920
<v Speaker 2>their own business model, and their business model does not

0:51:53.960 --> 0:51:58.799
<v Speaker 2>call for a back end at all. And they have

0:51:58.920 --> 0:52:02.399
<v Speaker 2>an unusual book they call it back in in which

0:52:02.440 --> 0:52:07.000
<v Speaker 2>they pay you negotiate a deal with them for a number,

0:52:07.800 --> 0:52:09.920
<v Speaker 2>and they take twenty percent of that number, and hey,

0:52:09.920 --> 0:52:13.920
<v Speaker 2>that's your back end, and we'll pay that out within

0:52:14.000 --> 0:52:17.600
<v Speaker 2>two for over the two years after the film has

0:52:17.640 --> 0:52:20.479
<v Speaker 2>been distributed. That's been my experience with them.

0:52:21.960 --> 0:52:27.799
<v Speaker 1>And is that twenty performance based No? Okay, let's talk

0:52:27.840 --> 0:52:31.200
<v Speaker 1>about theatrical in general. You're a student of the game.

0:52:31.600 --> 0:52:36.319
<v Speaker 1>What is the future of theatrical We obviously had the pandemic.

0:52:36.800 --> 0:52:41.480
<v Speaker 1>Business is not completely recovered. The stocks of the theaters

0:52:41.480 --> 0:52:45.360
<v Speaker 1>have gone up and down. The major studios are making

0:52:45.440 --> 0:52:48.680
<v Speaker 1>less product. By the same token, there's more indepredent product

0:52:48.719 --> 0:52:50.719
<v Speaker 1>than ever, although a lot of it does not get

0:52:50.760 --> 0:52:54.640
<v Speaker 1>theatrical distribution. What's going to happen here in the future.

0:52:57.000 --> 0:53:05.879
<v Speaker 2>Well, I can't predict the future. It's right now very uncertain. Uh.

0:53:07.360 --> 0:53:10.239
<v Speaker 2>The I like to go to I like to go

0:53:10.280 --> 0:53:13.520
<v Speaker 2>to the movies. Will the public continue to like to

0:53:13.560 --> 0:53:15.320
<v Speaker 2>go into the movies? I don't know. We had a

0:53:15.360 --> 0:53:18.280
<v Speaker 2>great I think you know, we had a great theater

0:53:18.400 --> 0:53:23.080
<v Speaker 2>complex in Hollywood, the arc Line Theaters in Hollywood, and

0:53:23.320 --> 0:53:25.080
<v Speaker 2>that a lot of us used to like to go to.

0:53:25.280 --> 0:53:28.799
<v Speaker 2>Very much gone. I don't know if it's ever going

0:53:28.840 --> 0:53:33.040
<v Speaker 2>to come back, but it's gone. The enthusiasm of going

0:53:33.080 --> 0:53:37.400
<v Speaker 2>to theaters seems to be less. With the exception of

0:53:37.920 --> 0:53:43.799
<v Speaker 2>Barbie Oppenheimer. So those are so those are two I've

0:53:43.800 --> 0:53:47.080
<v Speaker 2>only I've seen Oppenheimer. I've not seen Barbie yet, but

0:53:47.320 --> 0:53:50.919
<v Speaker 2>some of the some of the the people that work

0:53:50.960 --> 0:53:55.880
<v Speaker 2>here have seen Barbie multiple times. They adore the film,

0:53:55.920 --> 0:53:58.360
<v Speaker 2>and with good reason. I've heard nothing but great things

0:53:58.400 --> 0:54:02.680
<v Speaker 2>at every in every corner, and Oppenheimer was an incredible film.

0:54:03.080 --> 0:54:05.560
<v Speaker 2>But I don't know how many Oppenheimer's or Barbies there's

0:54:05.600 --> 0:54:07.880
<v Speaker 2>going to be. It's going to draw people to the theaters,

0:54:07.880 --> 0:54:09.799
<v Speaker 2>So I don't know. It's a hard one. I like

0:54:09.840 --> 0:54:12.120
<v Speaker 2>to go to the theaters. A lot of people have

0:54:12.200 --> 0:54:14.759
<v Speaker 2>got used to sitting at home and watching the thing

0:54:14.840 --> 0:54:19.120
<v Speaker 2>at home on their couch. What they'll like in the future,

0:54:19.280 --> 0:54:23.000
<v Speaker 2>I don't know. I think we're in between now and

0:54:23.080 --> 0:54:25.360
<v Speaker 2>I don't know where it's going to come out.

0:54:25.719 --> 0:54:30.600
<v Speaker 1>Okay, Now, the agencies, let's leave music aside, where the

0:54:30.640 --> 0:54:35.120
<v Speaker 1>agent really just books live dates. But the agents in

0:54:35.200 --> 0:54:39.680
<v Speaker 1>the visual entertainment field, needless to say, Mike Ovitz comes

0:54:39.719 --> 0:54:45.680
<v Speaker 1>in and has a lot of control packaging, etc. But

0:54:45.960 --> 0:54:50.680
<v Speaker 1>in terms of deals, not everybody has an agent. How

0:54:50.719 --> 0:54:53.080
<v Speaker 1>do you interact with the agencies?

0:54:54.680 --> 0:54:58.600
<v Speaker 2>Oh, well, A good portion of my clients are represented

0:54:58.640 --> 0:55:04.120
<v Speaker 2>by agencies, and the agencies have been very good. They're

0:55:04.160 --> 0:55:06.960
<v Speaker 2>out there. We don't go out there looking for jobs

0:55:06.960 --> 0:55:10.719
<v Speaker 2>for these people. Okay, we don't know, at least I

0:55:10.719 --> 0:55:14.560
<v Speaker 2>could speak for myself. I don't know what films are

0:55:14.600 --> 0:55:17.839
<v Speaker 2>on the boards that they're looking for talent, and at

0:55:17.880 --> 0:55:20.279
<v Speaker 2>which companies are looking for talent. That's that's what the

0:55:20.320 --> 0:55:24.040
<v Speaker 2>good agents know. They know what Paramount has got on

0:55:24.080 --> 0:55:26.120
<v Speaker 2>the boards. They know what Disney's got on the boards,

0:55:26.120 --> 0:55:28.920
<v Speaker 2>they know what Universal, they know what's coming up, and

0:55:28.960 --> 0:55:32.560
<v Speaker 2>they know where to call there and put up their

0:55:32.600 --> 0:55:36.480
<v Speaker 2>clients for the opportunities at those places. We don't know that.

0:55:36.600 --> 0:55:39.520
<v Speaker 2>The agents know that the ages are very good at that,

0:55:40.200 --> 0:55:42.840
<v Speaker 2>and so we work with the agents is far with

0:55:42.960 --> 0:55:46.840
<v Speaker 2>our clients because they know what's coming up and all that,

0:55:47.920 --> 0:55:51.840
<v Speaker 2>and they've made multiple deals, so their input all the time.

0:55:51.960 --> 0:55:54.759
<v Speaker 2>We may have our ideas what the deal is worth,

0:55:54.920 --> 0:55:58.320
<v Speaker 2>the agents also have their ideas and it's valuable input.

0:55:58.440 --> 0:56:01.840
<v Speaker 2>I have nothing but respect for the good agencies because

0:56:01.840 --> 0:56:04.080
<v Speaker 2>they're on the front lines where we are not.

0:56:05.239 --> 0:56:09.960
<v Speaker 1>Okay, let's flip it over to the music business. For

0:56:10.000 --> 0:56:13.680
<v Speaker 1>a long time there, the last decades of the twentieth century,

0:56:13.680 --> 0:56:16.760
<v Speaker 1>it was all about the major labels and major label

0:56:16.840 --> 0:56:21.200
<v Speaker 1>recording contracts. A to what degree is out of percentage

0:56:21.200 --> 0:56:22.640
<v Speaker 1>of your business today.

0:56:25.200 --> 0:56:27.760
<v Speaker 2>That would be less than fifty percent, Maybe it's around

0:56:27.840 --> 0:56:29.520
<v Speaker 2>fifty percent, maybe a little less.

0:56:30.239 --> 0:56:33.760
<v Speaker 1>And we talked about the three sixty. How have those

0:56:33.760 --> 0:56:36.040
<v Speaker 1>contracts change? I mean there are a lot of ways.

0:56:36.080 --> 0:56:39.040
<v Speaker 1>I mean, in the days of physical products, certainly the CD,

0:56:39.239 --> 0:56:43.600
<v Speaker 1>you have these huge advances and all sorts of other things.

0:56:43.600 --> 0:56:45.680
<v Speaker 1>So what's a recording contract like today?

0:56:47.640 --> 0:56:52.359
<v Speaker 2>It's pretty much pretty much the same question is are

0:56:52.400 --> 0:56:54.759
<v Speaker 2>they willing to put out as a company willing to

0:56:54.760 --> 0:56:58.239
<v Speaker 2>put out as much money today as they were? And

0:56:58.280 --> 0:57:01.759
<v Speaker 2>that'll vary, that'll vary with the talent. There's I don't

0:57:01.880 --> 0:57:05.960
<v Speaker 2>I don't know of a measure on that one. If somebody,

0:57:06.000 --> 0:57:08.440
<v Speaker 2>if there's three record companies or four record companies want

0:57:08.520 --> 0:57:10.600
<v Speaker 2>you're artists, it is one one type of thing. If

0:57:10.600 --> 0:57:12.880
<v Speaker 2>there's one record company that wants are artist, it's a

0:57:12.920 --> 0:57:16.160
<v Speaker 2>different deal. I don't think that has changed that much.

0:57:16.960 --> 0:57:20.120
<v Speaker 1>Okay, So let's assume I'm making a deal with a

0:57:20.240 --> 0:57:23.720
<v Speaker 1>major label. What kind of streaming rate can I get?

0:57:25.000 --> 0:57:29.280
<v Speaker 2>Streaming rate? Okay? That's a that's a that's a that's

0:57:29.320 --> 0:57:33.840
<v Speaker 2>a daily question around here. The maximum anybody is paid,

0:57:34.200 --> 0:57:36.400
<v Speaker 2>and there some of them are paying it, it's at

0:57:36.440 --> 0:57:44.480
<v Speaker 2>fifty percent of what proceeeds Okay, domestically for forty foreign Okay,

0:57:44.880 --> 0:57:48.360
<v Speaker 2>at source as source. Not everybody's going to get that.

0:57:48.360 --> 0:57:51.800
<v Speaker 2>That's that's a relatively few we'll get that, but it's

0:57:51.840 --> 0:57:56.480
<v Speaker 2>it's possible to get a number of the companies. A

0:57:56.560 --> 0:58:00.520
<v Speaker 2>number of the companies are paying at thirty five and

0:58:00.560 --> 0:58:04.400
<v Speaker 2>forty and those forty forty domestic thirty five for some

0:58:04.560 --> 0:58:09.840
<v Speaker 2>are paying less than that. The big problem we all have.

0:58:10.120 --> 0:58:13.640
<v Speaker 2>The big problem is not the new deals, but the

0:58:13.720 --> 0:58:17.480
<v Speaker 2>existing deals that were that were sitting there, in which

0:58:17.880 --> 0:58:21.840
<v Speaker 2>the record companies are paying streaming rate and the same

0:58:21.880 --> 0:58:25.280
<v Speaker 2>as they were paying for the CD rate. So if

0:58:25.280 --> 0:58:28.560
<v Speaker 2>the CD rate was twenty percent or twenty five percent,

0:58:29.160 --> 0:58:32.600
<v Speaker 2>that's what they're paying. So we're fighting with the labels

0:58:32.640 --> 0:58:35.400
<v Speaker 2>to say, hey, wait a minute, it's unfair this time

0:58:35.480 --> 0:58:37.960
<v Speaker 2>and this business and what you're making on it. You

0:58:38.080 --> 0:58:39.960
<v Speaker 2>got to rethink it. You got to come to the

0:58:40.000 --> 0:58:43.480
<v Speaker 2>table and renegotiate this thing. Every company has their own

0:58:43.520 --> 0:58:47.360
<v Speaker 2>philosophy on it. But that's the type of discussion that

0:58:47.520 --> 0:58:50.840
<v Speaker 2>should be had. Okay, even though somebody is there is

0:58:50.880 --> 0:58:53.480
<v Speaker 2>getting a streaming rate of twenty or twenty five percent,

0:58:53.880 --> 0:58:56.360
<v Speaker 2>they should be having a conversation with the label, Hey

0:58:56.440 --> 0:58:59.680
<v Speaker 2>that's not fair, because it isn't because they don't have

0:58:59.760 --> 0:59:04.320
<v Speaker 2>many factory, they don't have storage, shipping, they don't have storage,

0:59:04.480 --> 0:59:07.240
<v Speaker 2>they don't have any of the things that they used

0:59:07.240 --> 0:59:11.480
<v Speaker 2>to have with with a CD. They it. Basically, My

0:59:12.680 --> 0:59:15.640
<v Speaker 2>position is it's a license. It's all it is. They

0:59:15.680 --> 0:59:18.240
<v Speaker 2>exercise the license. Yes, they do some promotion, and no

0:59:18.440 --> 0:59:23.200
<v Speaker 2>question they do promotion. But the rate, in my personal

0:59:23.240 --> 0:59:29.000
<v Speaker 2>opinion is anything lower than forty or fifty percent is wrong.

0:59:29.560 --> 0:59:33.000
<v Speaker 2>And we make calls and everybody else is doing the

0:59:33.000 --> 0:59:35.600
<v Speaker 2>same thing, main calls. Hey, it's time to rethink this

0:59:36.280 --> 0:59:41.120
<v Speaker 2>with the with the labels. But I think for any

0:59:41.200 --> 0:59:46.240
<v Speaker 2>decent act, forty to fifty percent domesticated and throughound thirty

0:59:46.280 --> 0:59:49.840
<v Speaker 2>to thirty five or forty percent four and is what

0:59:50.280 --> 0:59:52.680
<v Speaker 2>is the goal? Everybody's not going to get it?

0:59:53.240 --> 1:00:00.320
<v Speaker 1>So are these there are no deductions on the fifty Okay,

1:00:00.320 --> 1:00:03.560
<v Speaker 1>So let's say I have an historic contract and they're

1:00:03.600 --> 1:00:06.840
<v Speaker 1>paying me a low rate. Many people don't have any leverage.

1:00:07.160 --> 1:00:13.160
<v Speaker 1>So how do you get these labels to cough up more.

1:00:13.040 --> 1:00:14.720
<v Speaker 2>Go out and buy an AK forty seven?

1:00:14.920 --> 1:00:15.040
<v Speaker 1>No?

1:00:17.440 --> 1:00:23.400
<v Speaker 2>You you try your best. I you know, you try

1:00:23.480 --> 1:00:26.280
<v Speaker 2>your best. If they really love the artists and they're

1:00:26.280 --> 1:00:28.320
<v Speaker 2>really interested in the artists. They want to keep a

1:00:28.360 --> 1:00:31.280
<v Speaker 2>happy artist, and most labels want to keep a happy artist.

1:00:31.520 --> 1:00:34.160
<v Speaker 2>You go in on that basis you don't have any leverage,

1:00:34.560 --> 1:00:37.440
<v Speaker 2>but you're going to say, look, it's not fair. Well,

1:00:37.520 --> 1:00:40.360
<v Speaker 2>they're not fair. Work always work. It won't always work,

1:00:40.360 --> 1:00:44.000
<v Speaker 2>but it will work. Sometimes it will work. Sometimes. I've

1:00:44.040 --> 1:00:54.560
<v Speaker 2>seen one label very positively when you have legendary, legendary

1:00:54.640 --> 1:00:57.760
<v Speaker 2>artists on the label come to the table and say, yeah,

1:00:57.760 --> 1:00:59.120
<v Speaker 2>we gotta make it right.

1:01:00.600 --> 1:01:03.480
<v Speaker 1>Okay. There have been all these issues in the music

1:01:03.560 --> 1:01:07.920
<v Speaker 1>business of contracts that have not foreseen the future. To

1:01:08.040 --> 1:01:12.320
<v Speaker 1>what degree do you have artists who have contracts there

1:01:12.320 --> 1:01:17.880
<v Speaker 1>are now revenue streams that were not foreseen in the contract,

1:01:17.920 --> 1:01:21.360
<v Speaker 1>which raise questions in bargaining power. How often does that happen?

1:01:22.280 --> 1:01:24.200
<v Speaker 2>It happens. I mean, look at all the contracts that

1:01:24.240 --> 1:01:30.520
<v Speaker 2>were done before there were streaming, lots of them. And

1:01:30.760 --> 1:01:35.560
<v Speaker 2>I'm doing battle right now. These are contracts I inherited

1:01:37.280 --> 1:01:41.160
<v Speaker 2>with a couple labels and say, we got up these

1:01:41.200 --> 1:01:44.720
<v Speaker 2>streaming rays. It's not fair to be paying twenty percent

1:01:44.880 --> 1:01:52.600
<v Speaker 2>royalty for streaming. It's just not right. And while right

1:01:52.600 --> 1:01:56.080
<v Speaker 2>now I'm in these conversations, I haven't received the know

1:01:56.400 --> 1:02:00.000
<v Speaker 2>what I'm receiving is we're reviewing it. I keep hearing

1:02:00.120 --> 1:02:02.840
<v Speaker 2>we're reviewing it. Well, I think the review time is over.

1:02:02.960 --> 1:02:07.920
<v Speaker 2>Let's get to something. But it's worth the conversation, and

1:02:07.960 --> 1:02:09.560
<v Speaker 2>everybody should have that conversation.

1:02:17.480 --> 1:02:20.680
<v Speaker 1>Okay, there are issues. We have a lot of acts

1:02:21.240 --> 1:02:25.439
<v Speaker 1>that have they had to re re record it, like Aerosmith, whatever,

1:02:25.520 --> 1:02:28.000
<v Speaker 1>ye haven't you? You get to write a reversion after

1:02:28.040 --> 1:02:31.439
<v Speaker 1>twenty five years on the original albums because they didn't

1:02:31.480 --> 1:02:35.960
<v Speaker 1>foresee any economic value after twenty five years. So when

1:02:36.000 --> 1:02:41.000
<v Speaker 1>you make a deal today, okay, is there any reversion

1:02:41.080 --> 1:02:44.160
<v Speaker 1>of the copyright? Can that be negotiated? What are the

1:02:44.280 --> 1:02:45.000
<v Speaker 1>terms there?

1:02:48.600 --> 1:02:51.400
<v Speaker 2>Negotiating the reversion is very tough. You have to have

1:02:51.440 --> 1:02:55.320
<v Speaker 2>a superstar to do that, to get an ownership. But

1:02:55.480 --> 1:02:58.320
<v Speaker 2>absent that, under the Copyright Act, there's a thirty five

1:02:58.400 --> 1:03:01.560
<v Speaker 2>year termination for any recordings that are done after nineteen

1:03:01.640 --> 1:03:06.400
<v Speaker 2>seventy eight. Okay, released after nineteen seventy eight under the

1:03:06.400 --> 1:03:09.400
<v Speaker 2>Copyright Act, so you can get it back. Now, here's

1:03:09.480 --> 1:03:14.000
<v Speaker 2>what's going on with that. Copyright Act of nineteen seventy

1:03:14.320 --> 1:03:18.160
<v Speaker 2>nineteen seventy eight provides for this or in nineteen seventy six,

1:03:18.960 --> 1:03:22.960
<v Speaker 2>commencing in nineteen seventy eight. The Copyright Act prize for

1:03:23.000 --> 1:03:27.080
<v Speaker 2>a thirty five termination right under the old Act, the

1:03:27.160 --> 1:03:30.120
<v Speaker 2>previous Act, it was a fifty six year termination. Fifty

1:03:30.160 --> 1:03:34.280
<v Speaker 2>six year termination. So you said, now you're coming up,

1:03:34.280 --> 1:03:36.400
<v Speaker 2>you got two You got two years before the thirty

1:03:36.400 --> 1:03:42.680
<v Speaker 2>five years to send your notice. You got to give

1:03:42.680 --> 1:03:44.720
<v Speaker 2>a two year notice and it's a five year period

1:03:44.720 --> 1:03:46.880
<v Speaker 2>of which you have to send it. But the termination

1:03:47.280 --> 1:03:50.520
<v Speaker 2>would be between thirty five to forty years. So you

1:03:50.600 --> 1:03:53.080
<v Speaker 2>send your notice. The first thing happens is the record

1:03:53.080 --> 1:03:55.800
<v Speaker 2>companies say, no, you're not in time too, because it's

1:03:55.800 --> 1:03:59.360
<v Speaker 2>a work for hire, work for hire, work for higher

1:03:59.400 --> 1:04:04.520
<v Speaker 2>provision in the Copyright Act says that they own it

1:04:04.560 --> 1:04:06.800
<v Speaker 2>and they own it in perpetuity, but nothing. There's no

1:04:06.880 --> 1:04:12.240
<v Speaker 2>termination right for work for hire. However, here's the situation.

1:04:12.280 --> 1:04:16.400
<v Speaker 2>It's long and a complicated reason. Under the Copyright Act,

1:04:16.400 --> 1:04:19.600
<v Speaker 2>there are nine categories that work for hire, nine categories.

1:04:20.160 --> 1:04:27.400
<v Speaker 2>Sound recordings are not one of the nine categories. Audio

1:04:27.480 --> 1:04:30.760
<v Speaker 2>visual works are one of the nine categories. As an example,

1:04:31.480 --> 1:04:35.320
<v Speaker 2>the collective works are a category but doesn't say sound recordings.

1:04:36.440 --> 1:04:41.800
<v Speaker 2>In the year to nineteen ninety nine, the RIAA Record

1:04:41.840 --> 1:04:47.560
<v Speaker 2>Industry Association of America got Congress to add a tenth

1:04:47.600 --> 1:04:51.200
<v Speaker 2>category sound recordings to the list of to the list

1:04:51.200 --> 1:04:55.080
<v Speaker 2>of nine categories which made sound recordings that work for hire,

1:04:56.360 --> 1:05:01.240
<v Speaker 2>which means you could terminate number of us. It was

1:05:01.520 --> 1:05:06.680
<v Speaker 2>Cheryl Crow, Don Henley Irving Azoff and I got involved

1:05:06.720 --> 1:05:11.960
<v Speaker 2>myself on behalf of Cheryl, and we protested the Congress

1:05:11.960 --> 1:05:14.840
<v Speaker 2>that they shouldn't have passed this law. Okay, it was

1:05:14.880 --> 1:05:20.120
<v Speaker 2>included in a one thousand page stock television amendment. Okay,

1:05:20.680 --> 1:05:27.320
<v Speaker 2>that's where it was included. I contacted Howard Berman and

1:05:27.320 --> 1:05:30.600
<v Speaker 2>then Howard Kobel. They were the Howard Cobel was the

1:05:30.680 --> 1:05:33.240
<v Speaker 2>chairman of the Appropriate Committee and Howard Berman was the

1:05:33.320 --> 1:05:37.200
<v Speaker 2>ranking member. They decided to hold hearings on this thing.

1:05:38.240 --> 1:05:40.360
<v Speaker 2>I got Cheryl Crow to go back and testify. I

1:05:40.440 --> 1:05:45.680
<v Speaker 2>went and testified, and this is the year two thousand.

1:05:46.000 --> 1:05:54.680
<v Speaker 2>The year two thousand, we had dueling professors. Helen Rosen

1:05:54.880 --> 1:05:58.720
<v Speaker 2>was the head of the RAA at that time. She testified.

1:05:58.760 --> 1:06:02.720
<v Speaker 2>We had a professor. They had a professor carry grat

1:06:02.760 --> 1:06:06.920
<v Speaker 2>carry grad. Kerry Sherman was the general consul for the

1:06:07.120 --> 1:06:10.960
<v Speaker 2>ra He testified on the other side and it became

1:06:11.120 --> 1:06:16.040
<v Speaker 2>very clear to Coward Coble and Howard Berman that they

1:06:16.120 --> 1:06:18.600
<v Speaker 2>made a mistake. They shouldn't have They shouldn't have passed

1:06:18.600 --> 1:06:21.320
<v Speaker 2>this without a hearing, with no hearing when they passed that.

1:06:22.160 --> 1:06:24.760
<v Speaker 2>So they called Kerry Sherman to myself into a room

1:06:24.800 --> 1:06:30.400
<v Speaker 2>and they said, they said, come up with language to

1:06:32.880 --> 1:06:35.920
<v Speaker 2>remove this language. And we came up with language. It

1:06:35.960 --> 1:06:38.280
<v Speaker 2>took her quite a while. The two of us came

1:06:38.360 --> 1:06:40.800
<v Speaker 2>up with the language. They finally passed it, and so

1:06:40.800 --> 1:06:46.920
<v Speaker 2>sound recordings was removed as a tenth category. Notwithstanding that fact,

1:06:47.000 --> 1:06:50.360
<v Speaker 2>the the record companies to this day claim when you

1:06:50.400 --> 1:06:53.960
<v Speaker 2>send your termination notice that it's worked for hire and

1:06:54.000 --> 1:06:58.200
<v Speaker 2>therefore there's no right to terminate. There's litigation pending on

1:06:58.320 --> 1:07:02.360
<v Speaker 2>this which has not been There is no resulve, and

1:07:02.400 --> 1:07:08.000
<v Speaker 2>the record companies refuse to acknowledge that there's a right

1:07:08.040 --> 1:07:10.400
<v Speaker 2>of termination. You're saying the is a collective work and

1:07:10.440 --> 1:07:16.440
<v Speaker 2>therefore it falls within the falls within the ten nine categories.

1:07:18.200 --> 1:07:21.600
<v Speaker 2>As I say, there's no result in litigation. So what

1:07:21.760 --> 1:07:25.160
<v Speaker 2>happens on when you send your termination notice? They say

1:07:25.680 --> 1:07:29.120
<v Speaker 2>you have no right to terminate, but let's talk, and

1:07:29.160 --> 1:07:33.840
<v Speaker 2>then they generally will negotiate and the advance and negotiate

1:07:35.480 --> 1:07:39.360
<v Speaker 2>higher royalties and things of that nature. And there's no

1:07:39.560 --> 1:07:43.120
<v Speaker 2>consistent way it's done, and they're all Every record company

1:07:43.160 --> 1:07:46.560
<v Speaker 2>is different, Every record company attrius it differently. That's the

1:07:46.640 --> 1:07:49.080
<v Speaker 2>state of the art. There's no answer to that question

1:07:49.160 --> 1:07:51.880
<v Speaker 2>except the record companies maintained it is a work for

1:07:51.960 --> 1:07:53.560
<v Speaker 2>hire and there's no right to termine it.

1:07:54.760 --> 1:07:59.480
<v Speaker 1>Okay, do you anticipate one of these cases going to trial.

1:08:00.760 --> 1:08:02.080
<v Speaker 2>There's two pending out there.

1:08:02.440 --> 1:08:08.560
<v Speaker 1>Yeah, okay, let's go back to the recording contract. Used

1:08:08.600 --> 1:08:11.760
<v Speaker 1>to be that lawyers would shop deals. Is that still

1:08:11.760 --> 1:08:13.600
<v Speaker 1>a factor at all? Or how many people come in

1:08:13.640 --> 1:08:16.519
<v Speaker 1>and say the label's interest in me, I need a lawyer.

1:08:17.439 --> 1:08:22.720
<v Speaker 2>Well, if the label is interested, they're not shopping. No,

1:08:22.800 --> 1:08:24.519
<v Speaker 2>I won't. I won't shop I don't know how many

1:08:24.560 --> 1:08:26.960
<v Speaker 2>attorneys are doing it shopping at this point. I won't

1:08:26.960 --> 1:08:29.040
<v Speaker 2>do it. The reason why we don't, I'll tell you why.

1:08:29.240 --> 1:08:32.639
<v Speaker 2>The reason we don't do it myself and everybody else

1:08:32.800 --> 1:08:37.160
<v Speaker 2>probably similar, which is the one thing we have is access.

1:08:37.800 --> 1:08:39.599
<v Speaker 2>I can call over and get somebody on the phone.

1:08:39.600 --> 1:08:41.280
<v Speaker 2>But if I'm calling up to find out if they

1:08:41.600 --> 1:08:43.559
<v Speaker 2>if they're interested in my latest deal. They're not going

1:08:43.640 --> 1:08:46.559
<v Speaker 2>to be answering the phone. We need, we need access

1:08:47.479 --> 1:08:49.920
<v Speaker 2>and shopping is the worst thing you can do because

1:08:49.960 --> 1:08:52.680
<v Speaker 2>now they don't want to take their call because they

1:08:52.680 --> 1:08:55.000
<v Speaker 2>don't they don't like to say a lot of people

1:08:55.000 --> 1:08:56.680
<v Speaker 2>they don't like to say no. They don't like to

1:08:56.720 --> 1:09:01.200
<v Speaker 2>tell you no. So I stay away. I'm sure a

1:09:01.200 --> 1:09:04.559
<v Speaker 2>lot of people are that stay away from shopping. It's bad.

1:09:04.640 --> 1:09:07.160
<v Speaker 2>I don't want to do it. But if the label

1:09:07.160 --> 1:09:10.800
<v Speaker 2>says I'm interested, I said, then I'll call them and say, okay,

1:09:10.840 --> 1:09:12.839
<v Speaker 2>I'll talk to you now now.

1:09:12.920 --> 1:09:16.639
<v Speaker 1>But there are fewer major labels who are putting out

1:09:17.360 --> 1:09:22.120
<v Speaker 1>less product. Yeah, so basically everybody walks through the door

1:09:22.800 --> 1:09:25.040
<v Speaker 1>has a deal or do you have other acts who

1:09:25.040 --> 1:09:27.200
<v Speaker 1>say I'm doing incredible on the road. I don't want

1:09:27.240 --> 1:09:30.320
<v Speaker 1>to make a major label deal, but I need representation.

1:09:31.479 --> 1:09:34.000
<v Speaker 2>Well I can give representation. Well, I'm not going to shop,

1:09:34.040 --> 1:09:37.400
<v Speaker 2>but maybe I can get them to a manager or

1:09:37.479 --> 1:09:41.559
<v Speaker 2>to somebody who will do that. A good manager. There

1:09:41.560 --> 1:09:44.000
<v Speaker 2>are good there are good managers who will do will

1:09:44.040 --> 1:09:47.559
<v Speaker 2>do that with with talent, they will do that, and

1:09:47.600 --> 1:09:49.759
<v Speaker 2>that's fine. I don't want to have my name attached

1:09:49.760 --> 1:09:51.840
<v Speaker 2>to it. I'm sure there's a lot of otheritorians feel

1:09:51.880 --> 1:09:54.160
<v Speaker 2>the same way. Don't want to shop.

1:09:54.600 --> 1:09:57.840
<v Speaker 1>How about the other thing in California where we've had

1:09:57.880 --> 1:10:02.679
<v Speaker 1>this issue for sixty years now, where if someone who's

1:10:02.720 --> 1:10:07.640
<v Speaker 1>not an attorney or licensed talent agent gets work, the

1:10:07.760 --> 1:10:12.800
<v Speaker 1>contract can be voided and no money is owed. What's

1:10:12.840 --> 1:10:15.639
<v Speaker 1>the status of that and what's your experience.

1:10:15.400 --> 1:10:20.240
<v Speaker 2>That hasn't That hasn't changed. Uh, that hasn't changed at all.

1:10:22.320 --> 1:10:26.479
<v Speaker 2>An agent has licensed to to solicit work, okay, and

1:10:26.520 --> 1:10:28.559
<v Speaker 2>if you don't, if you don't have that, your you're

1:10:28.640 --> 1:10:32.639
<v Speaker 2>at risk. There have been cases on that subject. I

1:10:32.680 --> 1:10:36.559
<v Speaker 2>haven't had that discussion for quite some time, but there

1:10:36.640 --> 1:10:44.439
<v Speaker 2>was who's named Matthew kates H exactly right? Oh god,

1:10:44.600 --> 1:10:46.479
<v Speaker 2>the name came out on where that name came out.

1:10:46.520 --> 1:10:50.960
<v Speaker 2>But yeah, that's it. Uh, there has I haven't had much.

1:10:52.120 --> 1:10:56.360
<v Speaker 2>I haven't seen much of that lately because I guess

1:10:56.680 --> 1:10:59.200
<v Speaker 2>talent or I actually have anybody who will go try

1:10:59.200 --> 1:11:06.479
<v Speaker 2>and shop shop for them, and they will. I feel

1:11:06.520 --> 1:11:09.920
<v Speaker 2>sorry for talent because it's hard for them to get

1:11:09.960 --> 1:11:12.599
<v Speaker 2>doors open to them, and it's hard to get into

1:11:12.600 --> 1:11:18.160
<v Speaker 2>the agencies because the agencies are busy, they they're responsible

1:11:18.200 --> 1:11:21.080
<v Speaker 2>for the any talent that they have, and so some

1:11:21.160 --> 1:11:23.919
<v Speaker 2>of them are. It's hard to get into the agency,

1:11:24.040 --> 1:11:26.720
<v Speaker 2>hard to get an agent, and they're not easy, so

1:11:26.800 --> 1:11:29.120
<v Speaker 2>the attorneys are not doing it. It's difficult to get

1:11:29.120 --> 1:11:31.519
<v Speaker 2>an agent. So when you find someone who's willing to

1:11:31.520 --> 1:11:36.160
<v Speaker 2>put their put themselves out there, nobody's trying to nobody's

1:11:36.400 --> 1:11:38.400
<v Speaker 2>right now trying to kill those people who are trying

1:11:38.439 --> 1:11:43.599
<v Speaker 2>to say no, don't do that, because the talent has

1:11:43.640 --> 1:11:45.960
<v Speaker 2>nowhere else to go. The only thing the talent can

1:11:46.000 --> 1:11:50.479
<v Speaker 2>do is keep performing showcases right and hopefully somebody shows

1:11:50.560 --> 1:11:54.720
<v Speaker 2>up that that might be interested in them. But it's

1:11:54.760 --> 1:11:56.879
<v Speaker 2>not easy. But so what we can do is sometimes

1:11:56.920 --> 1:12:00.559
<v Speaker 2>refer them to a manager, who is if we think

1:12:00.600 --> 1:12:04.840
<v Speaker 2>something is really good, we'll refer to a manager, and

1:12:06.400 --> 1:12:12.639
<v Speaker 2>the managers go ahead and notwithstanding the law, because nobody's

1:12:12.720 --> 1:12:16.759
<v Speaker 2>really interested and going after managers for trying to shop.

1:12:16.800 --> 1:12:20.960
<v Speaker 2>There's nobody interested in that because there's nowhere else the

1:12:21.000 --> 1:12:21.920
<v Speaker 2>talent has to look.

1:12:23.920 --> 1:12:28.360
<v Speaker 1>Okay, Now, there are certain managers who have handshake agreements,

1:12:28.880 --> 1:12:33.800
<v Speaker 1>others have contracts. What do you advise the talent and

1:12:33.840 --> 1:12:36.719
<v Speaker 1>what has been your experience in terms of what whether

1:12:36.720 --> 1:12:38.040
<v Speaker 1>people want a contract or not?

1:12:40.240 --> 1:12:42.240
<v Speaker 2>Well, what type of person wants to contract?

1:12:42.720 --> 1:12:47.840
<v Speaker 1>Let's say you're representing talent. Talent now has a manager, right,

1:12:48.439 --> 1:12:53.760
<v Speaker 1>some managers want paper, other managers don't. Do you advise

1:12:54.280 --> 1:12:57.400
<v Speaker 1>the act one way or another? And if there is paper,

1:12:57.760 --> 1:12:59.720
<v Speaker 1>what are the key points you're negotiating?

1:13:00.080 --> 1:13:02.120
<v Speaker 2>Well, I think there probably should be a paper the

1:13:02.200 --> 1:13:06.080
<v Speaker 2>keyboard are the royalties? Are the bed's a commission? I

1:13:06.080 --> 1:13:09.360
<v Speaker 2>should say, what's the commission? How long is the contract?

1:13:11.280 --> 1:13:13.479
<v Speaker 2>The big things are, yeah, what's the commission? And how long?

1:13:13.560 --> 1:13:16.599
<v Speaker 2>And how long is the contract? And is there a

1:13:16.640 --> 1:13:19.439
<v Speaker 2>sunset clause? Right?

1:13:19.560 --> 1:13:23.280
<v Speaker 1>Okay, So just going back to the record companies. You know,

1:13:23.640 --> 1:13:28.000
<v Speaker 1>sixty years ago you had two albums a year. The

1:13:28.080 --> 1:13:30.640
<v Speaker 1>total might be of the contract seven years might be

1:13:30.720 --> 1:13:34.880
<v Speaker 1>fourteen albums. What is what are the deliverables today? And

1:13:34.880 --> 1:13:36.280
<v Speaker 1>what are the terms today?

1:13:37.120 --> 1:13:39.840
<v Speaker 2>Well, lucky if you get one album a year now,

1:13:41.800 --> 1:13:46.560
<v Speaker 2>and usually the contracts are the contracts are usually a

1:13:46.680 --> 1:13:48.920
<v Speaker 2>lens of about how many albums? There's the four albums

1:13:48.920 --> 1:13:51.720
<v Speaker 2>are the five albums and six albums and the seven albums?

1:13:52.120 --> 1:13:54.880
<v Speaker 2>There were contracts years ago. We all remember contracts of

1:13:54.960 --> 1:13:58.719
<v Speaker 2>twenty albums and twenty two albums and twenty four albums

1:13:58.760 --> 1:14:04.240
<v Speaker 2>and things like that. Today it's usually somewhere between five

1:14:04.320 --> 1:14:10.360
<v Speaker 2>to five to six to seven albums, sometimes four, a

1:14:10.400 --> 1:14:12.200
<v Speaker 2>lot less than what it a lot less to what

1:14:12.280 --> 1:14:17.760
<v Speaker 2>it used to be. That's probably more typical somewhere there

1:14:17.920 --> 1:14:21.360
<v Speaker 2>usually five somewhere between five to seven albums, which is

1:14:21.360 --> 1:14:24.000
<v Speaker 2>still a lot on behalf of talent. I'd like to

1:14:24.040 --> 1:14:25.960
<v Speaker 2>see less. I'd like to see the more than four

1:14:26.120 --> 1:14:26.799
<v Speaker 2>quite frankly.

1:14:28.320 --> 1:14:31.120
<v Speaker 1>Okay. Then we have the seven year clause, and the

1:14:31.240 --> 1:14:34.120
<v Speaker 1>issue is whether it's it's been seven years the label

1:14:34.280 --> 1:14:37.519
<v Speaker 1>argue haven't delivered all the product. But we did have

1:14:37.560 --> 1:14:40.800
<v Speaker 1>one act of then sevenfold who left Warner and went

1:14:40.840 --> 1:14:43.160
<v Speaker 1>to Capital. What are your thoughts on that now?

1:14:43.640 --> 1:14:48.720
<v Speaker 2>Okay, I've got definite thoughts on that. Okay. California, we

1:14:48.760 --> 1:14:52.800
<v Speaker 2>have a seven year statue. Seven years statute applies to

1:14:52.960 --> 1:14:57.559
<v Speaker 2>everybody in the state of California. Seven years. And there

1:14:57.640 --> 1:14:59.679
<v Speaker 2>was a famous case on there is oliviited to Havel

1:14:59.720 --> 1:15:04.160
<v Speaker 2>then get Warner Brothers. And although she was put on

1:15:04.240 --> 1:15:09.639
<v Speaker 2>suspension because she didn't perform in certain things, the court

1:15:09.720 --> 1:15:14.519
<v Speaker 2>said in California, seven years mean seven years. Okay, seven

1:15:14.600 --> 1:15:17.479
<v Speaker 2>years mean seven years. Seven years. She's out, whether she

1:15:17.600 --> 1:15:21.600
<v Speaker 2>performed or not. Now here's another battle we had with

1:15:21.680 --> 1:15:28.040
<v Speaker 2>the recording artist coalition, which I helped form. We had

1:15:28.320 --> 1:15:30.720
<v Speaker 2>the battle of the one in the Congress I told

1:15:30.760 --> 1:15:33.880
<v Speaker 2>you about, and then this was the second battle. So

1:15:34.400 --> 1:15:38.960
<v Speaker 2>Ora comes into California and says, uha, seven years should

1:15:39.000 --> 1:15:44.519
<v Speaker 2>not apply to the record industry, and if they don't,

1:15:45.080 --> 1:15:47.360
<v Speaker 2>it should be. They first came in and said it

1:15:47.360 --> 1:15:52.280
<v Speaker 2>should be ten years for record people. Ten years eventually

1:15:52.400 --> 1:15:57.479
<v Speaker 2>what And I went up there on behalf of a

1:15:57.600 --> 1:16:05.240
<v Speaker 2>number of artists to oppose that legend. Uh. The uh

1:16:05.360 --> 1:16:12.040
<v Speaker 2>it passed and it passed anyway. Uh. And their argument was, well,

1:16:12.160 --> 1:16:15.040
<v Speaker 2>the artist is not delivering all the stuff we should

1:16:15.160 --> 1:16:20.400
<v Speaker 2>we should they should not be allowed out of their contract. Uh.

1:16:20.479 --> 1:16:23.720
<v Speaker 2>But seven years applies to everybody else in California. Why

1:16:23.720 --> 1:16:26.639
<v Speaker 2>shouldn't have applied the recording artists that placed the actors

1:16:26.640 --> 1:16:30.240
<v Speaker 2>applies to everybody else. Their arguments said, well, they committed

1:16:30.320 --> 1:16:33.439
<v Speaker 2>to the seven years that should be it should be. Uh.

1:16:33.479 --> 1:16:36.160
<v Speaker 2>And we we we made an investment in the artists,

1:16:36.280 --> 1:16:38.080
<v Speaker 2>so as they start in the film studio and make

1:16:38.120 --> 1:16:42.439
<v Speaker 2>an investment that their there are actors. And they won

1:16:42.520 --> 1:16:45.720
<v Speaker 2>the day, which basically said, if you don't deliver all

1:16:45.760 --> 1:16:50.000
<v Speaker 2>the products, even if it's on option, even if the

1:16:50.280 --> 1:16:54.840
<v Speaker 2>option was not exercised, Uh, you have to you have

1:16:54.920 --> 1:16:56.960
<v Speaker 2>to deliver the album and if you have and if

1:16:56.960 --> 1:17:00.400
<v Speaker 2>you haven't done that, you're liable for damages. You're liable

1:17:00.479 --> 1:17:04.920
<v Speaker 2>for damages were undelivered damages for what? What are the damages?

1:17:05.280 --> 1:17:09.280
<v Speaker 2>So what album sold ten million albums? Next album could

1:17:09.320 --> 1:17:12.559
<v Speaker 2>sell nothing? We don't know what are the damages. Are

1:17:12.600 --> 1:17:14.439
<v Speaker 2>the damages the basis of what you would have made

1:17:14.479 --> 1:17:18.920
<v Speaker 2>on ten million albums? Uncertain? There's no answer. There's no

1:17:19.000 --> 1:17:21.720
<v Speaker 2>answer to that at all. But they got they got

1:17:21.720 --> 1:17:25.800
<v Speaker 2>the legislature in California to agree that artists could be

1:17:25.880 --> 1:17:30.840
<v Speaker 2>sued for damage for damages for undelivered product even though

1:17:30.880 --> 1:17:34.200
<v Speaker 2>they weren't optioned in the state of California. And that's

1:17:34.240 --> 1:17:36.479
<v Speaker 2>the state of the law. Now. It's preposterous. In my

1:17:36.560 --> 1:17:42.160
<v Speaker 2>personal opinion, it should never have happened. As I say,

1:17:42.200 --> 1:17:44.640
<v Speaker 2>I opposed it on behalf of the artists. I went

1:17:44.680 --> 1:17:48.400
<v Speaker 2>up there to testifying along with Don Henley and others.

1:17:49.560 --> 1:17:51.880
<v Speaker 2>Don Henley was not my client, but we were part

1:17:51.920 --> 1:17:56.360
<v Speaker 2>of the same artist coalition. Recording Artists Coalition and we

1:17:56.400 --> 1:18:02.240
<v Speaker 2>opposed the legislation. Unfortunately, we didn't win that, or we

1:18:02.360 --> 1:18:05.679
<v Speaker 2>lost that, however you want to describe it. It's not right,

1:18:05.760 --> 1:18:07.240
<v Speaker 2>but that is the state of the law in the

1:18:07.240 --> 1:18:12.280
<v Speaker 2>state of California. So even if they haven't delivered all

1:18:12.280 --> 1:18:17.160
<v Speaker 2>the products in the seven year period, they can't get out.

1:18:18.120 --> 1:18:18.920
<v Speaker 2>They can't get out.

1:18:21.000 --> 1:18:24.280
<v Speaker 1>Okay. Let's shift to publishing for a second. So it

1:18:24.280 --> 1:18:28.720
<v Speaker 1>has been your experience with termination rights in publishing.

1:18:29.120 --> 1:18:34.519
<v Speaker 2>Been more positive, much more positive. So far. We've had

1:18:34.880 --> 1:18:41.040
<v Speaker 2>no issue with getting people out of the contract. Yeah,

1:18:41.280 --> 1:18:43.280
<v Speaker 2>I stopped out of the country. I'm sorry. We have

1:18:43.360 --> 1:18:47.479
<v Speaker 2>no problem not terminating and not getting the rights back. Correct.

1:18:48.000 --> 1:18:51.400
<v Speaker 1>Okay. So let's say you have what they call a

1:18:51.520 --> 1:18:56.519
<v Speaker 1>heritage artist, someone whose heyday of recordings is in the past,

1:18:57.000 --> 1:19:01.040
<v Speaker 1>and they walk in and they say, okay, I have

1:19:01.760 --> 1:19:05.440
<v Speaker 1>the right of termination. A lot of them will immediately

1:19:05.479 --> 1:19:08.120
<v Speaker 1>make a deal with the person who had it before.

1:19:08.200 --> 1:19:11.639
<v Speaker 1>What would you advise someone who now has an asset

1:19:11.760 --> 1:19:16.439
<v Speaker 1>which they've regained, Well, it all.

1:19:16.400 --> 1:19:20.080
<v Speaker 2>Depends on their relationship. If you're with a good publisher,

1:19:20.840 --> 1:19:23.080
<v Speaker 2>you're with a good publisher, you probably want to stay

1:19:23.080 --> 1:19:25.680
<v Speaker 2>with a good publisher. So you make it. You make

1:19:25.720 --> 1:19:30.080
<v Speaker 2>a new deal, make yourself a better deal, maybe get

1:19:30.120 --> 1:19:34.000
<v Speaker 2>some advances, better royalties, what have you. If you've got

1:19:34.000 --> 1:19:37.280
<v Speaker 2>a good publisher, why not stay with them? Don't You

1:19:37.280 --> 1:19:40.080
<v Speaker 2>don't give them the ownership necessarily, you will make a

1:19:40.120 --> 1:19:44.200
<v Speaker 2>deal for what we call an administration deal, and you

1:19:44.280 --> 1:19:48.439
<v Speaker 2>get more favorable rates instead. Instead of the publisher getting

1:19:48.880 --> 1:19:51.519
<v Speaker 2>fifty percent or twenty five percent, maybe you get them

1:19:51.520 --> 1:19:56.640
<v Speaker 2>down to ten percent, maybe even five percent. But if

1:19:56.640 --> 1:20:00.840
<v Speaker 2>you've got a good publisher, a good publisher, are you

1:20:00.960 --> 1:20:04.240
<v Speaker 2>really want a good publisher, and good publishers are very effective,

1:20:05.320 --> 1:20:07.880
<v Speaker 2>why not make a deal with them. Unless you're very

1:20:07.960 --> 1:20:11.479
<v Speaker 2>unhappy with that particular publisher, and then okay, take your

1:20:11.479 --> 1:20:14.599
<v Speaker 2>stuff back and run somewhere else. But you're still going

1:20:14.640 --> 1:20:16.439
<v Speaker 2>to have to make a deal with somebody. You can't

1:20:16.439 --> 1:20:19.559
<v Speaker 2>do it yourself. You can't do it by advise it.

1:20:19.640 --> 1:20:22.840
<v Speaker 2>I guess doing it yourself. There's too much to administrate,

1:20:22.840 --> 1:20:26.679
<v Speaker 2>there's too many licenses to do, there's too much knowledge

1:20:26.720 --> 1:20:29.320
<v Speaker 2>you need about what the latest deals are, et cetera.

1:20:30.920 --> 1:20:34.479
<v Speaker 2>So do your termination right and make a deal. If

1:20:34.520 --> 1:20:37.120
<v Speaker 2>you like the publisher, make a deal with the publisher

1:20:37.400 --> 1:20:38.200
<v Speaker 2>the same one.

1:20:38.280 --> 1:20:41.160
<v Speaker 1>Let's talk about the beginning of a contract. Sure, you

1:20:41.240 --> 1:20:44.960
<v Speaker 1>make a deal with a major label doesn't include publishing rights,

1:20:46.000 --> 1:20:49.920
<v Speaker 1>and different publishers will come and say I'll buy the

1:20:49.960 --> 1:20:53.040
<v Speaker 1>publishing or a license it. They're different deals. Do you

1:20:53.160 --> 1:20:56.280
<v Speaker 1>advise taking the money? What do you advise an act

1:20:56.280 --> 1:20:58.600
<v Speaker 1>at the beginning of their career relative to publishing.

1:21:01.760 --> 1:21:06.840
<v Speaker 2>My general advice, without anything else is, never give up

1:21:06.840 --> 1:21:11.519
<v Speaker 2>ownership of your publisher. Never give up ownership. Make an

1:21:11.520 --> 1:21:15.080
<v Speaker 2>administration deal for them to administrate for a limited period

1:21:15.160 --> 1:21:17.960
<v Speaker 2>of time, and then it gives you. If they do

1:21:18.000 --> 1:21:20.200
<v Speaker 2>a good job, you'll do another one with them. If

1:21:20.200 --> 1:21:22.519
<v Speaker 2>they're not doing any job, you'll go with somebody else.

1:21:23.000 --> 1:21:28.040
<v Speaker 2>But never ever, ever give up ownership of your copyrights.

1:21:28.120 --> 1:21:32.160
<v Speaker 1>Which brings the next question. We are now an era

1:21:32.320 --> 1:21:37.880
<v Speaker 1>where people are selling their copyrights out right Hypnosis, Primary Wave.

1:21:38.000 --> 1:21:41.080
<v Speaker 1>There are a number of these companies round hill. What's

1:21:41.120 --> 1:21:43.480
<v Speaker 1>your advice to clients on that.

1:21:43.479 --> 1:21:47.080
<v Speaker 2>That's a person, it's a personal thing. If they the

1:21:47.200 --> 1:21:51.000
<v Speaker 2>mondies are very big. Some of these copyrights have gone

1:21:51.000 --> 1:21:54.360
<v Speaker 2>for as much as the thirty times multiple s are

1:21:54.479 --> 1:21:58.280
<v Speaker 2>twenty five times multiple summer, twenty sixth summer, or twenty

1:21:58.960 --> 1:22:04.519
<v Speaker 2>or less This is a personal question. It's not that

1:22:04.560 --> 1:22:07.240
<v Speaker 2>we could have advice on them, because it's a person.

1:22:07.320 --> 1:22:09.439
<v Speaker 2>It has to do with their personal finances and their

1:22:09.479 --> 1:22:14.080
<v Speaker 2>personal future. If they if they feel that they don't

1:22:14.120 --> 1:22:18.040
<v Speaker 2>mind losing control of their copyrights and they want to

1:22:18.080 --> 1:22:20.320
<v Speaker 2>pocket a lot of money, then you do the deal.

1:22:20.840 --> 1:22:23.880
<v Speaker 2>But if you want to control of your copyrights, really

1:22:24.000 --> 1:22:28.080
<v Speaker 2>control your cover, then you don't sell because once you sell,

1:22:28.200 --> 1:22:34.479
<v Speaker 2>although you can retain limited controls, limited but limited approval rights,

1:22:34.479 --> 1:22:38.840
<v Speaker 2>I should not control limited approval rights. Again, you got

1:22:38.920 --> 1:22:42.839
<v Speaker 2>down to I've heard a songwriters say, these are my babies,

1:22:42.840 --> 1:22:44.920
<v Speaker 2>these are benter creation. Well, do you want to sell

1:22:44.960 --> 1:22:49.240
<v Speaker 2>your baby? Do you want to sell your creation? I

1:22:49.320 --> 1:22:52.559
<v Speaker 2>never advised them to sell. Unless the money is so

1:22:52.720 --> 1:22:54.880
<v Speaker 2>big that they say, wow, I can make a score

1:22:54.960 --> 1:22:56.960
<v Speaker 2>now and I don't have to worry for the rest

1:22:57.000 --> 1:23:05.679
<v Speaker 2>of my life. That's a different choice.

1:23:07.040 --> 1:23:10.479
<v Speaker 1>Okay, what we have seen in the digital era is

1:23:10.520 --> 1:23:14.519
<v Speaker 1>they said the sky was falling, you know, twenty years ago,

1:23:15.000 --> 1:23:22.240
<v Speaker 1>and now there are endless new avenues of remuteration. And

1:23:22.320 --> 1:23:25.599
<v Speaker 1>everybody I know has sold before this previous run up

1:23:25.600 --> 1:23:29.639
<v Speaker 1>it has always regretted it. So thirty X, if you're

1:23:29.800 --> 1:23:32.840
<v Speaker 1>seventy looks like a really good number. Not that many

1:23:32.840 --> 1:23:36.960
<v Speaker 1>people live to one hundred. But assuming I didn't need

1:23:36.960 --> 1:23:39.240
<v Speaker 1>the cash, what would you tell me.

1:23:41.680 --> 1:23:46.479
<v Speaker 2>Well, what's the reason for selling it? I don't see

1:23:46.479 --> 1:23:49.080
<v Speaker 2>the reason why killing it if somebody can make a

1:23:49.080 --> 1:23:51.000
<v Speaker 2>big score, and some of you see if people have

1:23:51.160 --> 1:23:55.360
<v Speaker 2>made a big score. But if you don't need the cash,

1:23:56.160 --> 1:23:59.439
<v Speaker 2>and you don't have something to do with that cash

1:23:59.520 --> 1:24:02.640
<v Speaker 2>right now, you have there's certain investments you'd like to do.

1:24:02.720 --> 1:24:07.920
<v Speaker 2>You'd like to buy this building or or buy a

1:24:08.040 --> 1:24:11.519
<v Speaker 2>yacht or whatever you have in mind, there could be

1:24:11.520 --> 1:24:16.320
<v Speaker 2>a reason to do it. But absent that, unless you

1:24:16.360 --> 1:24:18.360
<v Speaker 2>have a specific reason what you want to do with

1:24:18.400 --> 1:24:21.000
<v Speaker 2>the money, or you're fearful about the future and you

1:24:21.040 --> 1:24:23.760
<v Speaker 2>want to put this money away, those are reasons to

1:24:23.880 --> 1:24:26.599
<v Speaker 2>not to sell. But when you yours, when you sell,

1:24:26.720 --> 1:24:29.080
<v Speaker 2>you giving up a certain amount of control. It's your

1:24:29.200 --> 1:24:32.479
<v Speaker 2>I've heard songwriter say these are my babies. Well, do

1:24:32.520 --> 1:24:35.760
<v Speaker 2>you want to sell your baby? Uh? You want to

1:24:35.760 --> 1:24:38.920
<v Speaker 2>sell your You want to sell the control of this copyright?

1:24:38.920 --> 1:24:40.960
<v Speaker 2>What can be done with it? What can how it

1:24:41.000 --> 1:24:45.080
<v Speaker 2>can be used? Who who can license it or where

1:24:45.560 --> 1:24:48.519
<v Speaker 2>where it can be used? Tough questions.

1:24:49.880 --> 1:24:54.240
<v Speaker 1>And in terms of overall revenues from recordings, do you

1:24:54.439 --> 1:24:57.160
<v Speaker 1>see what do you see coming down the pike?

1:24:58.960 --> 1:25:04.000
<v Speaker 2>Revenues revenues are are very good right now and increasing

1:25:04.120 --> 1:25:10.879
<v Speaker 2>because of because of streaming. Uh. The streaming has uh

1:25:11.439 --> 1:25:15.800
<v Speaker 2>recovery has recovered the or it has caused the music

1:25:15.800 --> 1:25:18.800
<v Speaker 2>industry to recover from the adultgens that went through after

1:25:18.880 --> 1:25:25.000
<v Speaker 2>the nineties. Uh, it went really really down. Uh, and

1:25:25.479 --> 1:25:29.240
<v Speaker 2>streaming has been a savior for it. And there's uh

1:25:29.640 --> 1:25:36.760
<v Speaker 2>the royalties seemed to increase. Uh. The so it's been

1:25:36.760 --> 1:25:39.920
<v Speaker 2>a boon. It's been a boon for the for the

1:25:39.960 --> 1:25:45.720
<v Speaker 2>record industry, for the artists UH that participated. Uh. Very

1:25:45.840 --> 1:25:48.080
<v Speaker 2>it's very very good, very good to see.

1:25:49.600 --> 1:25:53.679
<v Speaker 1>Okay, there are many artists and artists are not always

1:25:53.680 --> 1:26:00.120
<v Speaker 1>informed on the economics who decry streaming payouts and and

1:26:00.200 --> 1:26:04.360
<v Speaker 1>we know that if you stream in quantity, there's a

1:26:04.400 --> 1:26:09.320
<v Speaker 1>lot of money there. What is your viewpoint overall on

1:26:09.439 --> 1:26:10.880
<v Speaker 1>streaming payouts.

1:26:11.360 --> 1:26:14.640
<v Speaker 2>Well, there's two aspects of the streaming aspect. One is

1:26:14.640 --> 1:26:18.639
<v Speaker 2>the recordings stream backs for the recording that are the streaming,

1:26:18.920 --> 1:26:22.240
<v Speaker 2>and then there's one for the songwriters. The difficulty for

1:26:22.280 --> 1:26:28.080
<v Speaker 2>the songwriters is in particular, their royalties are regulated by

1:26:28.080 --> 1:26:31.960
<v Speaker 2>the government. There are hearings that have to be held

1:26:32.240 --> 1:26:37.760
<v Speaker 2>as to what the streaming rates are for songwriters. Now,

1:26:38.000 --> 1:26:41.960
<v Speaker 2>don't I don't think that the executives of companies would

1:26:42.000 --> 1:26:45.960
<v Speaker 2>like their rates set by the government. Uh, And I

1:26:46.000 --> 1:26:49.360
<v Speaker 2>don't think and songwriters certainly don't. And it's it's they

1:26:49.400 --> 1:26:54.920
<v Speaker 2>really feel wronged that their future and their livelihood and

1:26:54.960 --> 1:26:58.840
<v Speaker 2>their income is determined by the government in the sense

1:26:58.880 --> 1:27:01.200
<v Speaker 2>that you have to has to be hearings on what

1:27:01.240 --> 1:27:08.639
<v Speaker 2>the royalty rates are for that. Now, in other words,

1:27:09.280 --> 1:27:12.040
<v Speaker 2>there's a mechanical rate which they're limited as it's been

1:27:12.160 --> 1:27:16.880
<v Speaker 2>raised a little bit recently. There's the mechanical rate. There

1:27:16.960 --> 1:27:20.240
<v Speaker 2>is the streaming rates which are regulated, has going up

1:27:20.280 --> 1:27:24.960
<v Speaker 2>a little bit for them, but it's not the same

1:27:25.040 --> 1:27:28.679
<v Speaker 2>regular regulation that the artists have. Part of their money,

1:27:28.960 --> 1:27:31.920
<v Speaker 2>the artist's monies are regulated, but a good portion or

1:27:31.960 --> 1:27:34.880
<v Speaker 2>not a good portion with the record companies where they

1:27:34.880 --> 1:27:37.719
<v Speaker 2>can make a lot of money amount of money depending

1:27:37.800 --> 1:27:41.360
<v Speaker 2>upon their deal. So the songwriters had the biggest complaint

1:27:41.439 --> 1:27:43.439
<v Speaker 2>to make it this particular point because of all the

1:27:43.479 --> 1:27:48.280
<v Speaker 2>regulations that their income is regulated by the government or

1:27:48.520 --> 1:27:50.400
<v Speaker 2>our government decree. I should say.

1:27:50.960 --> 1:27:55.639
<v Speaker 1>Prior to the digital era royalties, the record companies never

1:27:55.680 --> 1:27:58.760
<v Speaker 1>paid one hundred percent on the royalties, and if you

1:27:58.960 --> 1:28:03.639
<v Speaker 1>did audit it cost you a fortune. There was a window.

1:28:04.360 --> 1:28:07.840
<v Speaker 1>If they found money, they settled. What's the status of

1:28:07.880 --> 1:28:10.200
<v Speaker 1>the honesty of payments these days?

1:28:15.040 --> 1:28:19.040
<v Speaker 2>Okay, let me answer it this way. I've never taken

1:28:19.120 --> 1:28:22.639
<v Speaker 2>an audit. I'm not going to respond to the word honesty.

1:28:23.280 --> 1:28:25.600
<v Speaker 2>I've never taken an audit of any company where we

1:28:25.720 --> 1:28:33.320
<v Speaker 2>haven't found money. Okay? Is it mistakes? Is misallocation? What

1:28:33.520 --> 1:28:39.200
<v Speaker 2>is it we always find bundy? Okay. I've never claimed

1:28:39.200 --> 1:28:43.320
<v Speaker 2>that they're dishonest. Okay. There are so many ways that

1:28:43.400 --> 1:28:47.400
<v Speaker 2>money can be calculated in a recording contract, and so

1:28:47.479 --> 1:28:50.040
<v Speaker 2>many It comes in from so many sources, in so

1:28:50.120 --> 1:28:53.360
<v Speaker 2>many ways, through so many departments of the record company.

1:28:54.000 --> 1:28:58.840
<v Speaker 2>It's not so simple. And mistakes are made. Are they

1:28:58.840 --> 1:29:02.120
<v Speaker 2>pretty good to correct the mistakes when you order and

1:29:02.200 --> 1:29:06.519
<v Speaker 2>find them? Yes? Are they fighting you on these things?

1:29:06.560 --> 1:29:11.120
<v Speaker 2>They'll fight because are the interpretation of the language. But generally,

1:29:11.720 --> 1:29:13.960
<v Speaker 2>I have ever taken it long where we didn't find

1:29:14.000 --> 1:29:16.439
<v Speaker 2>money and then we didn't settle. I've never had a

1:29:16.560 --> 1:29:19.519
<v Speaker 2>suit one of these companies, never have had the sue

1:29:19.520 --> 1:29:22.479
<v Speaker 2>one of these companies. We always resolve it. Are there

1:29:22.520 --> 1:29:26.840
<v Speaker 2>things in there that we challenged that we never resolved? Yeah,

1:29:26.920 --> 1:29:31.639
<v Speaker 2>there are some items like interest you really can get

1:29:31.680 --> 1:29:35.160
<v Speaker 2>interest from them. Or foreign taxes is another thing. You

1:29:35.200 --> 1:29:40.360
<v Speaker 2>always fight about whether they could have deducted from taxes

1:29:40.360 --> 1:29:45.320
<v Speaker 2>paid in the United States, et cetera. But I can't

1:29:45.320 --> 1:29:48.519
<v Speaker 2>say they've been dishonest. But let's say, if there's a question,

1:29:48.640 --> 1:29:51.640
<v Speaker 2>of course, they're going to take a favorable interpretation. And

1:29:51.760 --> 1:29:54.000
<v Speaker 2>a lot of these things are our questions as to

1:29:54.040 --> 1:29:56.599
<v Speaker 2>where it belongs or what it is, or have they

1:29:56.720 --> 1:30:03.240
<v Speaker 2>allocated it right. But I've settled every audit. I've never

1:30:03.280 --> 1:30:06.439
<v Speaker 2>had to sue them. Did we get one hundred percent

1:30:06.439 --> 1:30:09.040
<v Speaker 2>of what our claims in? No, we've never gotten one

1:30:09.120 --> 1:30:12.760
<v Speaker 2>hundred percent of our claim claims in, but sufficient to

1:30:12.920 --> 1:30:14.000
<v Speaker 2>satisfy the client.

1:30:15.240 --> 1:30:18.599
<v Speaker 1>Okay, just switching to the live business for one second.

1:30:20.200 --> 1:30:24.559
<v Speaker 1>Lawyers are heavily involved in negotiating tour deals. At this point,

1:30:24.880 --> 1:30:27.760
<v Speaker 1>to what degree are you involved in that and what

1:30:27.920 --> 1:30:29.160
<v Speaker 1>is the state of the business.

1:30:30.200 --> 1:30:33.960
<v Speaker 2>Yes, we are true to a large degree the agent's

1:30:34.400 --> 1:30:38.599
<v Speaker 2>run point on the tour deals. The agents are very

1:30:38.760 --> 1:30:41.479
<v Speaker 2>They're all very good. All the agencies are very good

1:30:41.520 --> 1:30:44.800
<v Speaker 2>at that. They've got a lot of experience. But we

1:30:44.520 --> 1:30:50.920
<v Speaker 2>were there going over the scene, questioning. I'm monitoring it,

1:30:51.320 --> 1:30:56.840
<v Speaker 2>putting our opinion on whether they it's certain items and

1:30:56.840 --> 1:31:00.519
<v Speaker 2>the things that but we work alongside managers and agents

1:31:00.560 --> 1:31:02.200
<v Speaker 2>and those things, not alone.

1:31:02.840 --> 1:31:07.000
<v Speaker 1>And what's the status of insurance for cancelation of gigs

1:31:07.000 --> 1:31:07.880
<v Speaker 1>for whatever reason?

1:31:07.920 --> 1:31:12.920
<v Speaker 2>Today there's insurance that we try and maintain. I have

1:31:13.120 --> 1:31:16.800
<v Speaker 2>not had a problem, not with not getting insured. We've

1:31:16.840 --> 1:31:17.880
<v Speaker 2>always had insurance.

1:31:19.640 --> 1:31:23.679
<v Speaker 1>Okay. To what degree has your practice of law been

1:31:23.720 --> 1:31:26.920
<v Speaker 1>all consuming and to what degree it has affected your

1:31:26.960 --> 1:31:27.679
<v Speaker 1>family life?

1:31:29.680 --> 1:31:35.640
<v Speaker 2>Huh? I hadn't had a negative because I have. I've

1:31:35.680 --> 1:31:38.240
<v Speaker 2>been married a long time. She was a musician, he

1:31:38.320 --> 1:31:44.519
<v Speaker 2>is a musician herself. She's very, very understanding. So it's

1:31:44.520 --> 1:31:49.920
<v Speaker 2>never been a problem with my wife. We've been married

1:31:50.000 --> 1:31:55.320
<v Speaker 2>fifty some other year, fifty three years. That's not been

1:31:55.360 --> 1:31:57.600
<v Speaker 2>a problem. But the business is all If you're going

1:31:57.640 --> 1:31:59.880
<v Speaker 2>to do this business and do it right, whether you're

1:31:59.880 --> 1:32:04.880
<v Speaker 2>a lawyer or an agent or a manager, it is

1:32:04.920 --> 1:32:07.360
<v Speaker 2>all consuming. It takes a lot of time. It's not

1:32:07.400 --> 1:32:11.639
<v Speaker 2>a nine to five job. It's weekends, not all weekends,

1:32:11.640 --> 1:32:16.920
<v Speaker 2>but it's weekends, it's nights, it's during your vacation, etc.

1:32:17.560 --> 1:32:19.760
<v Speaker 2>It goes with the territory. We don't think about it

1:32:19.840 --> 1:32:22.280
<v Speaker 2>because we don't. It's just our job. It's just our

1:32:22.360 --> 1:32:24.280
<v Speaker 2>job to do it, and we find a way to

1:32:24.320 --> 1:32:24.599
<v Speaker 2>do it.

1:32:24.840 --> 1:32:26.120
<v Speaker 1>And how did you meet your wife?

1:32:27.439 --> 1:32:31.640
<v Speaker 2>I met her backstage at the Greek Theater. I was

1:32:31.680 --> 1:32:34.559
<v Speaker 2>representing a featured act at that time, and she was

1:32:34.640 --> 1:32:37.160
<v Speaker 2>joining the opening act.

1:32:37.600 --> 1:32:42.479
<v Speaker 1>Okay, now you are in your nineties. I don't know

1:32:42.520 --> 1:32:47.599
<v Speaker 1>whether you're comfortable saying your exact age. How much long

1:32:47.600 --> 1:32:47.960
<v Speaker 1>are you going.

1:32:47.960 --> 1:32:53.040
<v Speaker 2>To do this? I'm as long as I can. I

1:32:54.000 --> 1:32:56.439
<v Speaker 2>love my job. I love the people I work with.

1:32:56.600 --> 1:33:01.519
<v Speaker 2>I love my partners, I love my clients. Uh. As

1:33:01.560 --> 1:33:07.000
<v Speaker 2>long as I'm healthy and UH can deal with it,

1:33:07.280 --> 1:33:09.920
<v Speaker 2>I want to do it. I enjoy my I enjoy

1:33:10.000 --> 1:33:11.680
<v Speaker 2>my work. I look forward to it. I get up

1:33:11.680 --> 1:33:14.000
<v Speaker 2>every day looking forward to the day, looking forward to

1:33:14.040 --> 1:33:17.439
<v Speaker 2>the interesting. I'm learning something every day. Why why wouldn't

1:33:17.439 --> 1:33:19.639
<v Speaker 2>I What what we're gonna do is sit at home?

1:33:19.880 --> 1:33:25.280
<v Speaker 2>Uh Uh. I enjoyed. I enjoy the clients I work with.

1:33:25.720 --> 1:33:32.080
<v Speaker 2>I've got doc on wood, terrific clients. Uh uh. Interesting

1:33:32.640 --> 1:33:38.160
<v Speaker 2>interesting issues. I'm learning something new every day. Uh. I

1:33:38.280 --> 1:33:41.040
<v Speaker 2>never know enough. There's no way to know enough about

1:33:41.040 --> 1:33:43.840
<v Speaker 2>this business. There's always something to learn every single day.

1:33:44.760 --> 1:33:48.599
<v Speaker 2>Uh Uh. It keeps you going. I think it keeps

1:33:48.640 --> 1:33:49.000
<v Speaker 2>you going.

1:33:50.560 --> 1:33:54.000
<v Speaker 1>Okay, this is a business that a lot of people

1:33:54.000 --> 1:33:56.160
<v Speaker 1>and this is a thing in general today they talk

1:33:56.160 --> 1:33:59.680
<v Speaker 1>about in sports where people don't understand the history. What

1:33:59.760 --> 1:34:04.519
<v Speaker 1>the young people not know about the entertainment business that

1:34:04.600 --> 1:34:05.360
<v Speaker 1>they should know?

1:34:08.479 --> 1:34:15.360
<v Speaker 2>No? No, well, okay, what the what it's It's a business. Okay,

1:34:15.400 --> 1:34:18.519
<v Speaker 2>it's a serious business. It's not fun and games. It's

1:34:18.520 --> 1:34:22.120
<v Speaker 2>a serious business. I guess learn your business. Learn learn

1:34:22.160 --> 1:34:27.080
<v Speaker 2>what learn what you're in here was just not just law. Uh,

1:34:27.960 --> 1:34:32.040
<v Speaker 2>it's not just accounting. It's it's a business. Learn the business. Uh,

1:34:32.400 --> 1:34:35.040
<v Speaker 2>learned everything about it. There's no end to it, and

1:34:35.080 --> 1:34:39.120
<v Speaker 2>it changes on every changes on a daily basis. Who

1:34:39.200 --> 1:34:41.519
<v Speaker 2>knew that not that long ago? About streaming? Who know

1:34:41.640 --> 1:34:46.040
<v Speaker 2>anything about streaming and what it is and where it's

1:34:46.080 --> 1:34:48.120
<v Speaker 2>going and what is developed? Who knew was going to

1:34:48.160 --> 1:34:51.040
<v Speaker 2>take over the took over the business? When I first

1:34:51.080 --> 1:34:53.960
<v Speaker 2>got into this business, there was the contract I think

1:34:54.000 --> 1:34:55.960
<v Speaker 2>I mentioned earlier. It was three pages. It was three

1:34:56.000 --> 1:34:58.320
<v Speaker 2>pages long, get a Capitol Records contract. The first way

1:34:58.320 --> 1:35:01.920
<v Speaker 2>I looked at that was three pages. It dealt with

1:35:02.000 --> 1:35:09.040
<v Speaker 2>forty fives and thirty three and seventy eight's. We're a

1:35:09.720 --> 1:35:12.920
<v Speaker 2>little ways from that, and it's been exciting. It's an

1:35:12.960 --> 1:35:15.200
<v Speaker 2>exciting venture to go along to learn these things and

1:35:15.240 --> 1:35:17.360
<v Speaker 2>see what people come up with and new and now

1:35:17.360 --> 1:35:19.559
<v Speaker 2>we're going into AI and what do we deal with that?

1:35:19.800 --> 1:35:21.439
<v Speaker 2>How are we dealing with that? So we're lucky we're

1:35:21.439 --> 1:35:27.240
<v Speaker 2>studying that, trying to learn AI, trying to learn what

1:35:27.320 --> 1:35:31.360
<v Speaker 2>it means, and how to prevent rip off of our

1:35:31.439 --> 1:35:35.800
<v Speaker 2>client's voices and things of that nature. And we don't

1:35:35.800 --> 1:35:37.800
<v Speaker 2>want licensing. We have to be careful with life. We

1:35:37.800 --> 1:35:40.640
<v Speaker 2>don't want our product license into AI without our permission,

1:35:40.680 --> 1:35:43.200
<v Speaker 2>without knowing exactly what it is. And we've got to

1:35:43.280 --> 1:35:46.640
<v Speaker 2>learn all about that. You're constantly learning. Learning is what

1:35:46.760 --> 1:35:50.000
<v Speaker 2>keeps you going, not sitting on your rear end at

1:35:50.000 --> 1:35:51.000
<v Speaker 2>home reading a book.

1:35:53.320 --> 1:35:57.320
<v Speaker 1>Okay, Jay, you're you know, you're amazing, as sharp as ever.

1:35:58.000 --> 1:35:59.800
<v Speaker 1>You've seen it all and I want to thank you

1:35:59.840 --> 1:36:02.640
<v Speaker 1>for taking this time to share your wisdom and your

1:36:02.680 --> 1:36:03.799
<v Speaker 1>story with my audience.

1:36:04.040 --> 1:36:07.400
<v Speaker 2>Well, well, thank you. Uh it's been It's been a

1:36:07.439 --> 1:36:10.800
<v Speaker 2>real pleasure. I just wanted to finish with one thing.

1:36:11.160 --> 1:36:15.439
<v Speaker 2>We started off with Rod Temperton. Then, Uh, as I

1:36:15.479 --> 1:36:17.040
<v Speaker 2>told you on the phone. I think we told you

1:36:17.080 --> 1:36:19.880
<v Speaker 2>on the phone. The most amazing thing about Rod is

1:36:20.640 --> 1:36:25.240
<v Speaker 2>when Quincy heard the When Quincy heard the the recording

1:36:25.320 --> 1:36:29.160
<v Speaker 2>is by heat Wave. Uh, and he called Rod Temperton,

1:36:29.560 --> 1:36:33.240
<v Speaker 2>and Rod Temperton came into came in here. First song

1:36:33.360 --> 1:36:39.519
<v Speaker 2>Rod wrote was off the Wall. Uh, it's extraordinary. And

1:36:39.560 --> 1:36:42.559
<v Speaker 2>then the next thing he wrote that was the next thing,

1:36:42.720 --> 1:36:45.160
<v Speaker 2>or a couple of songs later he wrote was for

1:36:45.200 --> 1:36:49.640
<v Speaker 2>the next album, Thriller. He wrote, thriller. Uh, it's extraordinary.

1:36:49.680 --> 1:36:53.040
<v Speaker 2>It's this little guy from from the north of England

1:36:53.200 --> 1:36:56.479
<v Speaker 2>who came out of nowhere.

1:36:59.200 --> 1:37:02.720
<v Speaker 1>Well, okay, so when someone walks in your office, do

1:37:02.800 --> 1:37:04.720
<v Speaker 1>you know who's gonna make it? And now how big

1:37:04.760 --> 1:37:05.320
<v Speaker 1>they're gonna be?

1:37:05.920 --> 1:37:08.519
<v Speaker 2>No, you don't know. You don't know. You can guess.

1:37:09.000 --> 1:37:10.920
<v Speaker 2>You can guess as to who's not gonna make it.

1:37:13.280 --> 1:37:16.000
<v Speaker 2>You can guess who's not gonna make it. But when

1:37:16.040 --> 1:37:19.559
<v Speaker 2>somebody comes in with songs like he wrote with heat

1:37:19.560 --> 1:37:24.720
<v Speaker 2>Wave as an example as an example, you you know,

1:37:25.040 --> 1:37:28.719
<v Speaker 2>you know it's only a matter of time, and I've

1:37:28.720 --> 1:37:31.680
<v Speaker 2>had that experience with a number of artists and songwriters.

1:37:32.080 --> 1:37:33.719
<v Speaker 2>You come in and you hear some of that stuff,

1:37:33.720 --> 1:37:36.520
<v Speaker 2>you say, there's no problem here.

1:37:39.800 --> 1:37:43.400
<v Speaker 1>Okay Jay, Thanks again, many more years of practice for you.

1:37:43.520 --> 1:37:45.160
<v Speaker 2>Thank you, Thank you doctor.

1:37:45.880 --> 1:37:48.479
<v Speaker 1>Until next time, This is Bob left sex