sk8freshcst
New Member
Any help would be appreciated, thanks.
here's the story:
I'm in a band and we have been recording a 2 song CD for the past 4-5 months. The exact expenses incurred throughout this process are listed here:
$900-Producer fee
Equipment Rentals- $175 (Natoli's Fee and Orange Amp)
Drum Recording- $575
Vocal Recording- $475
There are 3 people in our band so this total divided by 3 people comes to $708.00 each.
At the beginning of this recording process, there was no concrete decision on paper made about how we were going to split future profits. Based on common business knowledge, myself and the drummer assumed since everyone was putting in an equal amount of capital, we would each see an equal return( playing shows, selling merchandise etc ).
The 2 song CD we recorded is now finished, and the lead singer of the band suddenly feels he deserves a higher percentage of profits (from c.d. sales, shows, merchandise) in the future than the rest of the band. He believes since he wrote the 2 songs (with the producer), he should see more money than the rest of us. I agree to an extent with him in that he deserves a writing credit royalty from the album sales but nothing more. He hasn't established himself as a trademark or as the "face of the band" yet to warrant such a demand. If we go on tour soon, I will be sacrificing just as much as he is and for him to pocket more Merch sales which SHOULD essentially be retained back in the band is ridiculous in my eyes. I believe for him to make such demands at this time is unfair to the rest of the band. The bottom line is this, nothing was agreed upon earlier, we all put in an equal share, therefore profits should be split at this time.
Am I out of line here? What does the law say about this situation? If I want out of the band, can I get all the money I originally put in?
here's the story:
I'm in a band and we have been recording a 2 song CD for the past 4-5 months. The exact expenses incurred throughout this process are listed here:
$900-Producer fee
Equipment Rentals- $175 (Natoli's Fee and Orange Amp)
Drum Recording- $575
Vocal Recording- $475
There are 3 people in our band so this total divided by 3 people comes to $708.00 each.
At the beginning of this recording process, there was no concrete decision on paper made about how we were going to split future profits. Based on common business knowledge, myself and the drummer assumed since everyone was putting in an equal amount of capital, we would each see an equal return( playing shows, selling merchandise etc ).
The 2 song CD we recorded is now finished, and the lead singer of the band suddenly feels he deserves a higher percentage of profits (from c.d. sales, shows, merchandise) in the future than the rest of the band. He believes since he wrote the 2 songs (with the producer), he should see more money than the rest of us. I agree to an extent with him in that he deserves a writing credit royalty from the album sales but nothing more. He hasn't established himself as a trademark or as the "face of the band" yet to warrant such a demand. If we go on tour soon, I will be sacrificing just as much as he is and for him to pocket more Merch sales which SHOULD essentially be retained back in the band is ridiculous in my eyes. I believe for him to make such demands at this time is unfair to the rest of the band. The bottom line is this, nothing was agreed upon earlier, we all put in an equal share, therefore profits should be split at this time.
Am I out of line here? What does the law say about this situation? If I want out of the band, can I get all the money I originally put in?
