dk419 wrote:
so we can get whatever royalties from sales and downloads.
You're kidding, right? Give me a call, I belong to BMI...
Edit: quick advice though - don't take royalty deals, take merch options. Any royalty options in a contract, trade them for merch options as soon as you can. You will never see a cent of royalties, handle your own money as much as possible, the more people involved, the more it's going to shrink. Take your merch options, push it on Big Cartel/online store, and sell it at shows. Handle your own money, keep it in house. Very, very few bands in this genre are EVER going to generate sales that warrant any royalties whatsoever, and most of them are going to end up losing out on those royalties anyways because their contracts have such fine print, not to mention advances, loans, and such.
Even Last.FM owes me money, but they've locked down our account as we're now "popular".
To clarify, Meteorcity and all of our various labels have been great to work with, as I've been very strict about following the above advice.