Thought I would add how this went last time I did this.
I didn’t do an open solicitation; I have a friend that does hip hop with a stack of beats he’s made through out the years. He gave me 250 beats; it was financed by a production company. We held on (and split) the writers share.
By todays deal offer, that would be a $10,000 investment.
It’s an exclusive library, owned by the production company. (Which is where the masters and publishing goes, for those that were inquiring). It’s NOT a re-title library; it’s an exclusive shot that puts the music directly on the editing bays.
We submitted the music in late 2010, and to date, we have each made $25k+ from our 50% writers shares. The cues continue to get used, and continue to place on new shows.
Why not finance the cues the same way this time around? As is well documented on the internet, the production company is like many others, and has just stopped paying up front for cues. There are plenty of people that will give the publishing and master away for a shot at the royalties. (me included, once this music is done, I literally hand it over for $1.00, for the entire batch of music).
Unfortunately, that model doesn’t work if you’re not sitting on capitol to supplement your income while you busily write a huge batch of cues.
I know this isn’t for everyone, but I hope it’s clear now how I may offer a deal like this with only the best intentions.