I have the idea that I would like to publish a book of songs, tunes and poems written by people living in my neighborhood – Melbourne, Australia. Originally I was looking for some new material when it occurred to me that many musicians produce recordings of their work but few produce anything in written form.I was very pleased when all the musicians I asked to contribute readily agreed and I think I have some very good material to work with – including songs and tunes some singer/songwriters who are well known on the Australian acoustic music scene.
My objective is not commercial gain – that would be nice but it is highly unlikely that a publication of this nature would sell in large numbers. Instead I see my project as being interesting and fun. Should it be financially successful I would like to share the profits with the contributors.
Before I proceed too far there are a number of matters I am trying to resolve on which I thought some Mudcatters may be able to offer some advice. In each case I am trying to find a solution that will treat all contributors equally and fairly:
a) What rate of royalty ? Do I need exclusive publication rights, if so, for how long ? b) Do I need a formal agreement ? c) If the book is successful, how do I avoid the fighting that often arises in these situations ? c) Am I being naïve is thinking this can be done simply, equitably and fairly yet still remain fun ?
If anyone has an opinion on these (or other mnatters I have overlooked) I will be glad hear them.
Phil