I'm a music composer from Greece and I was asked by a lyricist from USA to compose music for a musical play.
The deal was to write and produce 4 songs for free (very good demo quality) and then he'll try to find a producer to get the musical on stage. Then I'll start composing the whole play (19 songs).
When he finds the producer we'll sign a contract, and I'll get a 1/3 percentage of the show. He told me that it's the standard contractual rate for a Broadway show.
So I did finish the 4 songs, and he started the search for a producer.
Due to the fact that it's the first time that I'm doing such thing I have some questions:
1. Is 1/3 percentage of the show a standard contractual rate for a Broadway show, for a new composer?
Do I also have to ask for a standard fee?
2. If he finds a producer, do I have to ask for some money in advance, and what would be a reasonable fee?
3. I don't know for how long will the musical run on a theater. Do they have to write that in the contract?
I don't want to compose a full length musical (it's a lot of work) and then the play run for a week for examble, because all the money I'll make is from the percentages of the show.
Can someone please help me?
Your help will be much appreciated.
Thank you in advance