Master Recording Licenses Sample Clauses

Master Recording Licenses. In the event that soundtrack albums are issued in conjunction with Productions, SPE will use reasonable efforts in consultation with Marvel (prior to entering into the prospective soundtrack album deal) to secure the right for Marvel to include masters from the soundtrack album on compilation albums to be issued by Marvel not earlier than the later of eighteen (18) months following the release of the Production in which the Composition was contained or eighteen (18) months after the release of the soundtrack album in which the Production Composition was contained in the United States, subject also to the record company having the rights to license the aforesaid masters to Marvel, to the negotiation of a reasonable advance and royalty to the applicable record company and to the negotiation of a reasonable royalty override to SPE and to the payment of all third party royalty obligations. If the record company which controls the applicable masters agrees to permit such masters to be included on a compilation album as contemplated above, SPE and Marvel shall use reasonable good faith efforts to cause the negotiation regarding the compensation to the record company (and identification of third party royalties) to occur concurrently with the conclusion of the applicable SPE soundtrack album deal.
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