How a $1M Record Deal Paid Just $40 - Ryan Schmidt, ESQ.
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A record deal turned a million-dollar year into a $40 check—and it made him a lawyer. Ryan Schmidt (entertainment attorney, ex-artist, The Voice S3) breaks down how fine print steals your lunch, why he refuses 100% AI-generated acts, and what’s actually coming with AI lawsuits, deepfakes, and artist protection. We trade war stories, get practical about hiring a lawyer without burning cash, and talk about beating AI by leaning into the human mess—tape, live rooms, and imperfect takes.
We get into:
•The clause that turned 15% royalties into 15% × (30 / 5,000,000)
•How to actually hire an attorney: retainers, flat-fees, and when to put them on the thread
•Timbaland/Suno remix drama & the “just because you can, doesn’t mean you should” line
•Why ChatGPT contracts miss killer boilerplate (governing law, venue, conflicts)
•Deepfakes & the law: Tennessee’s Elvis Act, the proposed NO FAKES & TRAIN Acts
•Labels vs. AI: what majors will license, and why indies shouldn’t expect a big payout
•Beating AI with human imperfection: tape machines, live rooms, fewer edits
•Law school mindset shifts, choosing battles, and staying “the neighbor you want a beer with”
•Starter resources: Passman (with caveats), Ari Herstand, Emily White, Schmidt’s Foundation app
Guest: Ryan Schmidt, Esq —
IG: @ryanschmidtesq
Site: https://www.ryanschmidt.esq/
Host: Ryan Poole — @ryanmeetsworld