#contracts and business

[skepticalarrie]

Could you please explain what that actually means when Simon said he doesn't own One Direction name?

I’m not a specialist, and we haven’t discussed contracts and business within the music industry for a while, so I apologize if I’m missing some facts. But basically, control over the band's name can have a massive impact on decision-making and financial outcomes. If he owned the name One Direction, that would give him full control over the brand, merch, and sort all commercial uses. The fucker regrets not owning it because he 👏 wants 👏 to 👏 profit 👏 more 👏. It’s all about money. He could be licensing products (he even mentions animations in the video), he could also organize a potential reunion and do whatever he wanted with the band, who knows…

There are so many layers to this. He also mentioned that a band member dropping out of half the tour wouldn’t be a problem if he owned the band because band ownership includes controlling decisions like continuing a tour despite these kinds of changes. I haven’t watched the full interview, but it seems to me he implies that One Direction wouldn’t be on indefinite hiatus if it were up to him. He could even have potentially reformed the band with new members or taken other directions to keep it going without even needing the consent of OT5. I mean, that’s how messed up things could have been. He regrets that the artists are the ones still in control and profiting from it!!!! He wanted to own it so the actual band members would be just puppets, not really an important part of it. No human decency, just money and business. And people still don’t believe all the awful things that went down behind the scenes. We don’t know half of what these fucking greedy people put the boys through.

Side note: He also implies multiple times that Syco did fully own the band at some point. Which is confusing, because we obviously know how controlling the label was for them and how much they profited from One Direction, but I’m pretty sure the boys always owned at least part of the band, they created a company at the very beginning and they obviously still own it and earn from the band to this day. So I’d love to know what the deal actually was and what point this changed.

In reference to this

[scarlettohairdye]

PSA to printed zine makers

As a 37 year old who's been running a sole proprietorship for the last 10+ years, I just want everyone who is planning to run a fandom project that involves accepting money for printing & shipping costs to know that you're actually running a small business and you need to plan for taxes. It doesn't matter if you don't make any profit: that is business income and the IRS will see it as such if you get audited.

If you only take enough money in to cover the cost of printing & shipping then you can write that off as a business expense and probably not pay taxes on it, But in order for that to fly you actually have to do business accounting, especially if you're doing it at scale. Like, you can probably skate by without reporting a $500 project; I absolutely would not fucking risk it with a $5000 project.

Back when I was producing shows there were years when I was where I made $20k in ticket sales only to turn around and immediately pay $18k to my performers. I only made $2k for myself, but I had to report the entire $20k, because it was ALL INCOME. (I only paid taxes on the $2000, because that's how writing off expenses works!)

Yeah this is boring grownup shit and I'm getting my boring grownup fingers all over your fun fandom, but boring grownups doing boring grownup things are the reason fandom spaces exist at all (paying for servers is deeply boring), and I'm way more fun than an audit

[rottmnt-residuum]

Part 9 of Arc II (Part 35)

thats how they getcha in real life, free college (￢︿̫̿￢☆)

⇇ | ⇽ | index | ⇾

[coco-loco-nut]

Why Logan Sargeant should go to Haas (from a sports management major/lens of corporate sponsorship):

- Haas has an empty seat

- Both are American

- Logan being with an American team is a draw for American sponsors, especially with America being a budding F1 market

- American fans have a growing interest in F1, so an American driver and team is a draw for fans who don’t want to be the Cowboys/Duke Basketball/Yankees/Dodgers fans of F1

- Logan needs a seat next year and pookie deserves the best

- The American sponsors that brought money into Williams for Logan are more likely to connect with the Haas sellers more due to the American draw

- If I am Haas, sign Logan, then make overly American merch (at a good price for fans), you can bet your ass every American fan will be buying it

- honestly the property assets alone that can be made by going all in on “american greatness” would be worth it

In conclusion:

Logan Sargeant + Haas = 🇺🇸💸🦅

[krilliondollars]

Happy Halloween (this is horrifically messy because I made the decision to draw 14 characters. under a strict time limit 👎)

[kdramaspace]

POTW: CONTRACT MARRIAGE vs. FAKE DATING (as voted by our members and followers)

A Business Proposal (2022), Doom at Your Service (2021), Her Private Life (2019), Crash Landing on You (2019), Love in Contract (2022), Something About 1% (2016), Hwayugi (2017)

[skepticalarrie]

Hey! I don't remember any discussions about it but it's an interesting question. As far as I'm aware (and I'm no specialist by any means - I could be talking a bunch of shit here, please someone correct me if I'm wrong), usually, the record labels are the ones putting the money on artists and paying for all kinds of promotions, campaigns, PR moves, etc. So to break this down: they basically lend the money to the artist - who will convert that into more money with record sales, tickets, etc - and then pay the record label back plus a specific percentage (the label keeps most of the money though, less than 50% is for the artist).

In Louis' case, it's very confusing to try to understand who is responsible for the stunt contracts at this point. At first, IMO it's very safe to guess it was a Sony + Modest + Simon Jones PR arrangement, so the plan came from the label - who paid for it - while the management + PR team did the practical part of it. Now, seven years later, Louis has a different label and a different management, still the same PR representation. So I guess there are two scenarios: 1) he's still tied to old obligations with Sony because the PR contracts were obviously with them, so they are the ones who keep paying for it and whatever the deal was back in 2015. And his current management probably does the more practical arrangements, since there's no indication Modest is involved since the hiatus. or 2) everything that was Sony's was now transferred to BMG. So that part ended with Sony when they parted ways and he made a new deal with BMG. That would explain the change of tactics with both stunts, especially during promo season. So BMG would be the one responsible for the plan/strategy and paying for all the expenses. However, since we have no idea what's on his contracts in the first place, it's impossible to tell if that would even be possible. Plus, it's also hard to tell to what extent Louis himself is in interested keeping this going.

Regardless of BMG or Sony, Louis would be the one paying for it at the end of the day, since the label is only technically "lending" him the money.

Hi Sab! Feel free to redirect me if you dont feel like answering bc its bbg related. But i keep wondering who is financing this?? Who’s being paid to come up with/approve plans, who’s flying him and his family out, how much are they getting paid to shut up and by who? Are there discussions already regarding this? Thank you

Hey nonnie, I’ve not really thought about it before, but I could only guess like all of us. Since its purpose goes beyond closeting one person, but protects an entire enterprise (One Direction), I wouldn’t be surprised if the money came from that exact enterprise.

@skepticalarrie @twopoppies @sadaveniren have any of you talked about it recently and got some interesting theories about it?

[ruporas]

soft (and some bittersweet)

[oozeandgoo-art]

Stubbornness.

[skepticalarrie]

Where do you think zayn ties in to the ownership of 1d name. Do you think he sold his stake before leaving?

After leaving, but yes. Apparently he did sell his share back to the company that holds One Direction's ownership, 1D Media. Now the company is represented by Lawrence Engel and Alan McEvoy on behalf of Harry, Louis, Liam, and Niall. However, we don’t know whether he still receives royalties and profits from his time in the band. I assume he does?! But it's very unclear what sort of arrangements were made when he left. From the public information we have available though, he resigned from all 1D related companies.

[lady-harrowhark]

rip gideon nav you would’ve loved dr. pepper lip smackers

[tsunanami17]

The magic is broken like chocolate melts

[pilkypills]

If you look at the close-up of Bilbo’s contract Thorin’s signature is very very similar to Balin’s which I thought was kind of weird at first but then it occurred to me that its very likely Balin was the one who taught Thorin how to write (at least in Westron) so of course their handwriting would look alike

[cyanide-latte]

Forgive the terrible shot and lighting but

LOOK AT THE FINE GENTS WHO ARRIVED TODAY

[brain-rot-central]

I don't wanna go to work. I just want to write vampire smut, cook good food, and bake bread.

[ink-asunder]

"You're being entitled!" These bitches are asking us to fund their Hollywood-quality content dreams like Walt Disney pleading a bank he was in debt to to give him another loan to finish Bambi, a movie that did not see any monetary success until it rereleased seven years later. I have to pay so much big money in medical expenses every month that I don't have any "treats" (a starbucks coffee, a different subscription, etc) I can go without. I'm not the entitled one here.