Digital Contract

Hmmm, just got this spam

Dear Sir or Madam,



Our company Jetgroove, LLP (http://www.jetgroove.com/) is interested in business relations with your Record Label. We believe that you will find our offer attractive.



Below are the details of our possible business relations.



We either acquire at our own expense your tracks and CDs and transfer them into mp3 format, or you provide them to us in any convenient for you form. Your company grants us rights to distribute all your music on Internet through our website. From our side we guarantee paying you 60-65% of our income from selling your music. Money will be transferred once a calendar quarter unless the sum is below 100 US dollars.


Depending on the format in which we acquire your tracks, your Record Label will receive the following royalties:
- 60% - if we acquire tracks and transfer them into mp3 format at our own expense;

- 62% - if you provide us with records of your tracks in form of CDs, Vinyl, CDRs etc. and we only transfer them into mp3 format;

- 63.5% - if you download your tracks in mp3 format to our website (our interface will allow it)

- 65% - if you provide us with your tracks before the date of their official release.



In that way the following distribution of profits will take place:
- 60-65 % to your record label

- 8-12 % to MCPS or RIAA

- 23-32 % to Jetgroove, LLP



On our website you will have access to the following features:
- you will be able control the number of your tracks sold;

- you will be able check total traffic of downloaded music by genres;

- you will be able also upload tracks straight to our website without any assistance, providing fast access for customers to your releases.



The selling price would be:
- Tracks (less than 6 minutes) - $0.99

- Tracks (more than 6 minutes) - $1.25

- CD’s - $12-16, depending on the number of tracks on CD



If you reply to this offer and sign our contract 3 days after receiving it, all your royalties will be increased by 0.1%.


Hope this letter will be a beginning for future, long lasting and mutually profitable relations between your Record Label and Jetgroove, LLP.



Best regards,

Alena Chakhnazarova
Jetgroove, LLP
Moscow Tel: +7 095 730 8046
London Tel: + 44 0870 068 4866
London Fax: +44 0870 068 4892
E-mail: alena.chakh@ru.corp.jetgroove.com

Yeah, saw one of those recently, chose to ignore it, sounds like a scam.

the only way you can no if its real or not is by doing your homework, find as much info as possible.