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Are reinvestment deals a good thing?

We recently contacted our members to alert them of an increased number of 'reinvestment deals’ being offered to Australian screen composers. This came about after a number of you voiced concern over these deals. Our goal was to raise awareness of these deals among our members and alert you to the potential tax implications.

Well, Inside Film has noticed and has written an article on this subject with input from the AGSC and Antony Partos of Sonar Music. We thought you might be interested in reading and thank Antony and Sonar for their advocacy!

IF Article - "Screen Composers warned about the risks of reinvesting fees"


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"The Information on this website is provided as general information only and on the understanding that the Australian Guild of Screen Composers (AGSC) is not providing professional advice of a legal, financial or otherwise nature to any user on the matters covered by this information. Whilst the AGSC makes every effort to keep the information on this site current, the information on this site is subject to change at any time and as different laws and legislation currently exist and operate between the States, Territories and Federal Government of Australia, the AGSC does not warrant or represent that the information on this site is free from errors or omissions.

 

Users of this site should also be aware that the information provided may be in the form of summaries and generalisations derived from other sources and may omit detail that could be significant to a particular scenario or context.  Users of this site should seek independent verification of any information on this site that they are seeking to rely on. The Guild can only provide general information and not advise you on specific points of your music contracts or on the law more broadly. Any questions relating to a contractual agreement beyond general ones should be directed to a qualified lawyer. For specific advice, the AGSC strongly recommends that: members seek information from the relevant Government authority, lawyer, tax professional or other industry professional.

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