An Introduction to the Joint Venture Report

May 12th, 2010

The AFM Joint Venture Recording Report provides AFM members with a practical avenue to document self-produced recordings. Basically, the Joint Venture Report requires no upfront wages or benefits, but instead specifies what share of future revenues each band or ensemble member will receive. For instance, a string quartet might choose to divide album revenues equally, with each member getting 25%.

Members can use the Joint Venture Report when the following conditions are met:

  • There is no employer.
  • AFM members on the date are self-producing or collaborating in self-production, not providing a service-for-hire, and are in creative control over material and the recording process.
  • The purpose of the recording is to produce a demo to obtain work for live performing and/or the purpose of the recording is to produce a product for sale and the proceeds from sales exclusively benefit band members.

Approval of Joint Venture Reports

We expect that many of the recordings on the AFM’s new online music store, GoPro Tunes, will be covered under the Joint Venture Report. As a result, local officers may be receiving an influx of Joint Venture Reports as the store grows in popularity.

Local officers are responsible for the approval of Joint Venture Reports filed in their jurisdiction. When evaluating the validity of Joint Venture Reports, local officers should carefully consider the points in the Joint Venture Report Summary. You can find a PDF copy of the Joint Venture Report Summary here and the Report form here.

Applying the Joint Venture Report to Previously-made Recordings

The Joint Venture Report has unique potential to bring previously-made recordings “into the light”, under a legitimate AFM recording agreement. If music was previously recorded under the conditions listed above, members can apply to be protected by the Joint Venture Report now.

If you haven’t already done so, please take a moment to read through the Joint Venture Report Summary, as well as the actual Report form. If you have any questions, please contact us here.