Kanye West took to Twitter to post new guidelines for his vision of what record deals should look like in the music industry. Number one, Kanye says artists would automatically own the copyright to their songs and recordings for a label and they'd lese them to companies for a maximum period of time of just one year. He also said the record label/publisher would not get the lion's share of any profits during that one year. He also thinks it should be split 80/20 in the artist's favor.
Meanwhile, Kanye also thinks artists shouldn't need anyone representing them. He also wants contracts to be written in plain English, not lawyer talk. He also said that artists deserve equity in the companies they partner with and their songs and licenses should serve as stock in a way.
He ended with, “This is a call for all artist to unify … I will get my masters , I got the most powerful lawyer in music and I can afford them but every artist must be freed and treated fairly.”