I produce a web show and wanted to incorporate some local talent as part of the music for the show. I have met with the band already and we have a verbal understanding of what we can both do for each other.
For now there is no charge for their music, and I have agreed to promote them on my website and show.
In the future I will have DVD's for sale and have agreed to pay a percentage of the sales to the band as a royalty. I was wondering what a fair offering would be?