Publisher woos hard-rockers with 7-figure deal
While many acts are just fortunate enough to nab a deal with one music publisher, hard rockers Korn find themselves in the enviable position of having pacts with two music publishers as a result of its recent inking with Zomba Music.
Korn and Zomba late last week inked a unique seven-figure pact with incentives for the publisher to come up with ways to exploit the band’s music and share in its successes.
It veers slightly from the band’s existing standard publishing deal with Warner-Chappell, which it inked earlier this year, and gives the publishing giant claims to future albums in exchange for a hefty advance.
The timing of the new deal is fortuitous for Zomba, as Korn’s latest Epic Records/Immortal Records disc “Follow the Leader” bowed two weeks ago at No. 1 on the album sales charts and has sold nearly 500,000 copies in just three weeks of release.
Sales of the disc will get a boost as the band’s video for the disc’s first single “Got the Life” — which wasn’t available when the album initially bowed — was added to MTV’s playlist this week and is getting increasing spins.
The inking of Korn by Zomba is a coup of sorts for Zomba, which is known to step up to the financial plate on key deals, but is not a typical participant in bidding wars for the music industry’s band of the month.
“Zomba is a very proactive publisher and has already brought numerous ideas to our attention,” Jeff Kwatinetz, the band’s manager, told Daily Variety.
Kwatinetz, who along with Michael Green and Peter Katsis operate management outfit the Firm, credits Zomba’s seemingly ubiquitous presence in the industry as among the key factors for inking the deal.
“They are in contact with everyone, and it’s incredible how effectively the company shares information with the industry,” Kwatinetz said. “Everyone knows what the band is doing, and from that comes opportunities.”
Kwatinetz also reps Flip/Interscope Records act Limp Bizkit, which inked a publishing pact with Zomba last year.
That deal gave execs at the Firm a window into how Zomba operates, which helped seal the Korn deal, Kwatinetz said.