What is a Full Buyout?

Offering a Full Buyout

A full buyout (as opposed to monthly, quarterly or annual billing cycles) is a one-time payment from the client to you for your services. Generally, this applies to non-union voice-over work. A full buyout means that you as the service provider are making an agreement with your client that lets them use the audio for however long and for whatever purposes they would like. 
 
For example, XYZ company hires you to record a :30 radio commercial for use at the local radio station to air for 6 weeks. You would quote accordingly and invoice your client X amount of money for the :30 radio commercial. The client would pay you the amount that you quoted and that would be it. 
 
Essentially, the recording becomes their property and once you are paid in full for the work, you won't make money from that voice-over recording again. Some talents arrange for residual or royalties to be paid to them annually in the event that the audio is used during particular seasons or for prolonged periods of time - each agreement is different depending on the circumstances and nature of the voice-over work.

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Properties

Article Number
000001430
First Published
01/17/2014 18:28
Last Published
08/18/2017 01:00
Last Modified
08/18/2017 01:00
Audience
Talent
Category
Payments (Talent)
Channel
Public Knowledge Base

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