(P) Diddy pays Sting $5k per day for the rest of his life (2 Viewers)

[Mr. Blue Sky]

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Id be very good friends with someone too who was paying me $1.8 million a year for life ! Seriously tho, i have so many questions.. like, why per day ? Why do both of them phrase it that way, instead of just almost $2 million per year ? Also, there is no way that that song, which was a hit a quarter century ago- can even pull in $1.8 million in royalties per yr in 2023, right ? B/c i know that streaming royalties are VERY low, like pennies on the dolllar compared to what used to be generated by album sales.. i just dont quite get it .


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Diddy reveals he pays Sting $5,000 a day for using his sample

Diddy shared that he pays British hitmaker Sting a lump sum of money every day, due to not clearing a sample.

www.dailymail.co.uk

 

[Nisey55]

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Id be very good friends with someone too who was paying me $1.8 million a year for life ! Seriously tho, i have so many questions.. like, why per day ? Why do both of them phrase it that way, instead of just almost $2 million per year ? Also, there is no way that that song, which was a hit a quarter century ago- can even pull in $1.8 million in royalties per yr in 2023, right ? B/c i know that streaming royalties are VERY low, like pennies on the dolllar compared to what used to be generated by album sales.. i just dont quite get it .


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Diddy reveals he pays Sting $5,000 a day for using his sample

Diddy shared that he pays British hitmaker Sting a lump sum of money every day, due to not clearing a sample.

www.dailymail.co.uk

I don't get it either, probably because its way above my pay grade.

Rich people doing rich things.

 

[Mr. Blue Sky]

I don't get it either, probably because its way above my pay grade.

Rich people doing rich things.

Agreed that i cannot relate.. BUT im just trying to make logical sense of it.. Like, i completely get why an actor would get paid $20 million to star in a film IF the film makes, let’s say $150 or $200 million at the box office.. it’s simple economics, and i always side w/millionaires vs Billionaires .. i just dont understand the economics of paying someone “$5k per day” (which is weird phraseology anyway) over 25 yrs after said song was a hit .

 

[0rion]

It's better to beg for forgiveness than ask for permission......oh wait....not in this case. He totally should've asked for permission.

 

[Nisey55]

Agreed that i cannot relate.. BUT im just trying to make logical sense of it.. Like, i completely get why an actor would get paid $20 million to star in a film IF the film makes, let’s say $150 or $200 million at the box office.. it’s simple economics, and i always side w/millionaires vs Billionaires .. i just dont understand the economics of paying someone “$5k per day” (which is weird phraseology anyway) over 25 yrs after said song was a hit .

ALOT of royalties for taking every breath that can be taken?

 

[0rion]

ALOT of royalties for taking every breath that can be taken?

Never mind all the moves that were made

 

[brandon8283]

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Id be very good friends with someone too who was paying me $1.8 million a year for life ! Seriously tho, i have so many questions.. like, why per day ? Why do both of them phrase it that way, instead of just almost $2 million per year ? Also, there is no way that that song, which was a hit a quarter century ago- can even pull in $1.8 million in royalties per yr in 2023, right ? B/c i know that streaming royalties are VERY low, like pennies on the dolllar compared to what used to be generated by album sales.. i just dont quite get it .


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Diddy reveals he pays Sting $5,000 a day for using his sample

Diddy shared that he pays British hitmaker Sting a lump sum of money every day, due to not clearing a sample.

www.dailymail.co.uk

I would assume it's punitive for using the sample without permission.

 

[sammymvpknight]

That song made P Diddy who he is. Still a pretty good artist and clearly a good businessman. That money was a great investment

 

[gboudx]

I'm not buying the "we're very good friends now" comment. If that was true, Sting would put an expiration on the payment, or reduce it to like $1/day. But my perspective is not from someone who's a multi-millionaire musician.

 

[superchuck500]

Note that the “per day” thing is how they’re saying it - it doesn’t quote the settlement agreement's exact terms so there's some speculation here.

But there's some methodology that could make it work that way. First, it is true that cleared songwriter/publisher royalties are paid for the life of the songwriter - so the "rest of my life" thing is a typical part of songwriter royalties. And it's also true that getting a sample or component of a song "cleared" for use can be done in different ways. Sometimes a single "clearing fee" is paid, which is basically the holder's agreement to release the property to the user for a one-time fee. Sometimes there is an agreement to pay an ongoing royalty share that requires the user to provide monthly reports and payments based on a share agreement. And it also appears that some royalties are paid on a per day basis based on the user's ability to use the song as they wish on any given day without anyone having to do any back end calculations. For example, I think that when a stadium like Fenway Park plays Neil Diamond's "Sweet Caroline" those rights are paid on a per-day basis.


So it's quite possible (even likely given how they have spoken about it) that the dispute, that was resolved well into the song's massive popularity, was settled using a per-day methodology. It may seem goofy, why not just pay a lump-sum settlement amount but Sting's demand for a lump sum might have been quite large given how essential the sample is to the song (it is the backbone of the song - consider that Vanilla Ice paid all of the Ice Ice Baby royalties to Queen after his settlement). And Diddy might not have wanted to or been able to (based on how his assets were tied up) make a very large lump sum payment. So they went with this other methodology that isn't that unusual to how some song royalties are set up.

 

[efil4stnias]

Agreed that i cannot relate.. BUT im just trying to make logical sense of it.. Like, i completely get why an actor would get paid $20 million to star in a film IF the film makes, let’s say $150 or $200 million at the box office.. it’s simple economics, and i always side w/millionaires vs Billionaires .. i just dont understand the economics of paying someone “$5k per day” (which is weird phraseology anyway) over 25 yrs after said song was a hit .

because there was no other sample that would have made that song the hit it was, and made Diddy who he was today.

Without the original, there is no I'll be missing you.

Sold over 7mm albums, who knows how many singles, spent 11 weeks no 1 ( at the time a record ) and actually is the 22nd best selling song of all time in the UK ( and if you think of ALL the music that has come out of the UK, thats pretty remarkable )

So im sure both parties agreed to some mathematical formula to arrive at a figure- and Diddy doesnt seem to be bothered, nor does Sting.

Ask @bclemms about original content and theft. You create something no one else has, and it can be "taken" by another, used by another to increase their revenue, with absolutey no compensation to the original creator.

 

[Mr. Blue Sky]

That song made P Diddy who he is.

Hard disagree .

I vividly remember enjoying many P Diddy (Puff Daddy at the time’s) songs, especially his collaborations with Mase, for a year or two prior to Biggie’s death , and the subsequent release of Missing You.. and i wasnt some hardcore, edgy rap
/hiphop maven, his songs were all over the radio and very popular .

 

[Mr. Blue Sky]

because there was no other sample that would have made that song the hit it was, and made Diddy who he was today.

Again, see my post above- that’s just not factual.. but even if that *were* true, and it isnt- i dont think it would have much relevance to my original post .

Sold over 7mm albums, who knows how many singles, spent 11 weeks no 1 ( at the time a record ) and actually is the 22nd best selling song of all time in the UK ( and if you think of ALL the music that has come out of the UK, thats pretty remarkable )



Ask @bclemms about original content and theft. You create something no one else has, and it can be "taken" by another, used by another to increase their revenue, with absolutey no compensation to the original creator.

I had no idea the song was that massive.. i remember it being a big hit , but if you had asked me to name the biggest songs of 1997/98 or whenever it was, id have only guessed it to be top ten of the year, i probably would have put Hansen’s MmmBop above it popularity -wise .


And i understand about IP theft, my confusion was along the lines of the daily payment, and the amount of it 25 years later…. Thanks to Chuck for clearing that up, i shoulda known to just consult an attorney w/my question, ha .

 

[RaginCajun83]

Only Bobby Bonilla has it better

 

[guidomerkinsrules]

Only Bobby Bonilla has it better

dang
this my comment