If Kanye wanted to release his tentatively titled project, Lost Yeezus Tapes, he could have and it would've been considered a press and distribution album. Ye says he wants his four children to own them. Everybody go get it. After a slight struggle trying to share the files, Kanye boasted that him revealing his old record label contracts was going to be a literal game changer. Right. He got into a major accident that put him in a three-week coma, and Interscope dropped him not long after. 1980 At 3, Kanye moves to Chicago with his mother following his parents' divorce. So lets shift to the Kanye contract, and were not going to do a full breakdown of what all these documents are, because theres a lot and there are good YouTube videos out there. Music or such label paying Island Def Jam Music Group acounterbalance amountagainst overhead payments in an amount equal to the overhead payments in the applicable contract year multiplied by a fraction. 22% royalty rate for Kanye (and 78% for the record label). We were lucky because we were careful. Ideally, he says, artists should have legal representation working in their best interest to point out red-flag clauses: While an artist should be wary of what theyre signing rather than looking solely at the immediate paycheck, young and starry-eyed artists whove never seen so much money may not understand that yet. Right. We have been engaged in an ongoing dialogue with Hit-Boy and all the concerned parties to address his concerns and will continue to do so until a reasonable solution is achieved.). The lawyers in this industry who are used to the status quo are going to say its worth it, but if I make a deal with you and go to lunch and say you pay 70 [percent], I dont think youll say its fair. Its all made from videos. So you keep those and then you also, of course, in your sector or industry, want to keep those terms of art as well. This is a tool that is available to anyone looking to implement plain language into their contracts. Be the first one to, Advanced embedding details, examples, and help, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC_abbyy.gz, 2011.01.11-Kanye WestJay Z Duet Album Agreement_abbyy.gz, 2012.05.04-Amendment recording agreement_abbyy.gz, 2012.05.07-Amendment, including original recording agreement_abbyy.gz, 2012.05.07-Profit Share Agreement_abbyy.gz, 2012.05.17-Amendment to Recording Agreement and Film Agreement_abbyy.gz, 2013.03.10-Amendment recording agreement_abbyy.gz, 2014.08.11-Amendment recording agreement_abbyy.gz, 2019.01.09--Summary of Kanye West's Label Agreements_abbyy.gz, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC_daisy.zip, 2011.01.11-Kanye WestJay Z Duet Album Agreement_daisy.zip, 2012.05.04-Amendment recording agreement_daisy.zip, 2012.05.07-Amendment, including original recording agreement_daisy.zip, 2012.05.07-Profit Share Agreement_daisy.zip, 2012.05.17-Amendment to Recording Agreement and Film Agreement_daisy.zip, 2013.03.10-Amendment recording agreement_daisy.zip, 2014.08.11-Amendment recording agreement_daisy.zip, 2019.01.09--Summary of Kanye West's Label Agreements_daisy.zip, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC.epub, 2011.01.11-Kanye WestJay Z Duet Album Agreement.epub, 2012.05.04-Amendment recording agreement.epub, 2012.05.07-Amendment, including original recording agreement.epub, 2012.05.17-Amendment to Recording Agreement and Film Agreement.epub, 2013.03.10-Amendment recording agreement.epub, 2014.08.11-Amendment recording agreement.epub, 2019.01.09--Summary of Kanye West's Label Agreements.epub, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC_djvu.txt, 2011.01.11-Kanye WestJay Z Duet Album Agreement_djvu.txt, 2012.05.04-Amendment recording agreement_djvu.txt, 2012.05.07-Amendment, including original recording agreement_djvu.txt, 2012.05.07-Profit Share Agreement_djvu.txt, 2012.05.17-Amendment to Recording Agreement and Film Agreement_djvu.txt, 2013.03.10-Amendment recording agreement_djvu.txt, 2014.08.11-Amendment recording agreement_djvu.txt, 2019.01.09--Summary of Kanye West's Label Agreements_djvu.txt, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC.mobi, 2011.01.11-Kanye WestJay Z Duet Album Agreement.mobi, 2012.05.04-Amendment recording agreement.mobi, 2012.05.07-Amendment, including original recording agreement.mobi, 2012.05.17-Amendment to Recording Agreement and Film Agreement.mobi, 2013.03.10-Amendment recording agreement.mobi, 2014.08.11-Amendment recording agreement.mobi, 2019.01.09--Summary of Kanye West's Label Agreements.mobi, 2005.04.13-Recording Agreement between Roc-A-Fella Records and Rock the World, LLC_page_numbers.json, 2011.01.11-Kanye WestJay Z Duet Album Agreement_page_numbers.json, 2012.05.04-Amendment recording agreement_page_numbers.json, 2012.05.04-Letter of Direction_page_numbers.json, 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(last updated 12/31/2014). Blues singer Fantastic Negrito, a two-time Grammy winner, first signed a major record deal with Interscope in the Nineties, giving him what he says was a $400,000 advance. Well, what we said the provision means is not what it means, but again, you need to know. Kanye West, seen in 2019, has lost business deals in light of his recent antisemitic remarks. They are long. Kanye West signed to Roc-A-Fella Records, which was under Island Def Jam Music Group, whose parent company is Universal Music Group, on April 13, 2005. Kanye West continues his campaign against major record labels. Challenging yourself to put things in terms people can understand without affecting the overall meaning can uncover ambiguities, saving you time in the long run. Guberman has dissected the Profit Sharing Agreement section of Kanyes contract and found several areas in which the language could be more transparent. Music; a backronym for Getting Out Our Dreams) is an American independent record label founded by rapper Kanye West in 2004. His call for transparency has brought the conversation of understandable language into a spotlight. Of that, two-thirds ($8 million) was an advance for him to keep. He released his two Grammy-winning albums independently more than 20 years later, and he hasnt inquired about the recoupment on his first record in years. on the Internet. He suggests focusing not on the necessary legal and industry terms but on clearly nonsensical or unnecessarily archaic sections. Youre going to sign the amendment. Mike Whelan [00:03:50] I realized after I got dressed to have our conversation that Im wearing the shirt that apparently everyone in D.C. wears. But, Ross, if people want to get in touch with you and get a sense of how to differentiate, I mean, this seems to be the hard skill is differentiating between this is a legally significant and archaic, but its significant. Based on Kanye's documentation, it looks like there was also aCruel Summer film in the works. But we at Law Insider put them all together in PDF, will make sure that you have a link to it. Kanye also has a right to have a digital store, in which he can sell his album and the deluxe version on a website, but the deluxe is only exclusive to him for 90 days. Based on the agreement,Universal Music Group gave Kanye a $3.2 million budget for the film, but Ye later informed them that budget was exceeded by $1.5 million. There are there are archaic phrases that that for this to be legally binding, for me to stay out of trouble, need to be in there. So the tool, the tool were looking at brief catch, you know, there you go. Scooter Braun Projects is a talent management company that is more than just a company. Right. Fine. So this is something later in the series, I imagine theres a back story, you know, tense, tense discussions about the money part. Right. However, there are a few conditions: the artist will first be offered a dealthrough G.O.O.D. Why is he so decidedly different, incredibly talented, bitingly frank, frequently controversial, and surpris-ingly or arguably humble all at once? Wests contract could even be considered favorable among superstar contracts, with Universal heavily investing in Wests works, entertainment attorney Christiane Kinney says. Late last year, Kanye West took to Twitter to vent his frustration about complicated contract language. This is the Def Jam amendment. Mike Whelan [00:04:08] wearing the shirt. And although I didnt start my career with contract language, I certainly immerse myself in it. In order to maintain the original intent, some legal jargon and industry terms must remain intact. The deals not bad what is that based on? Negrito asks. Artists re-signing these stops. Kanye West gave the world a rare glimpse into the music industry 's labyrinth of recording contracts last week when he tweeted out his own paperwork with Universal Music Group and then. So you pay to see your money!!! Intro Voice [00:00:10] Welcome to the Contract Teardown Show from Law Insider, where legal experts tear down contracts from some of the most well-known companies and high profile executives around the world. So the rest, you know, if its not a one of those categories, its either an industry term of art or just normal English talking about finance or recording. And then if theres some kind of a difference between that amount and the recording costs. Mike Whelan [00:10:12] Hey, everybody, Im Mike Whelen. To be a little bit difficult to argue that. Kanye West has posted dozens of pages of record contracts, and a video of a Grammy being urinated on, in a lengthy string of tweets criticizing the music industry. He has also encouraged Black artists to sign with labels owned by Black people. In fact, according to one of his recent Instagram posts, the Three Stripes offered to buy Ye out of his contract for $1 billion. If you push this button, youre going to save big. Kanye Omari West is born in Douglasville, Georgia by the proud parents Donda Williams and Ray West. "Today artists get just 12% of the money the industry makes. I have a lot of free articles and a lot of these before and after is also on Twitter. Right. Within the deal, Kanye was obligated to release six albums, inaddition tohis initial effort, TheCollege Dropout(2004), within a 12-month span. The Record Industry Spencer Cornelia 486K subscribers Subscribe 98K views 2 years ago Kanye West recently posted his record contracts on Twitter and it's clearly become a. On May 4, 2012, Kanye's team penned a letter to Island Def Jam Music Group requesting that the recording fund for this fifth album be increased. And the record business that it means in normal English. Oct. 25, 2022 Updated 11:22 a.m. The language looks like something you might find, you know, 50, 100 years ago. Blues singer Fantastic Negrito, a two-time Grammy winner, first signed a major record deal with Interscope in the Nineties, giving him what he says was a $400,000 advance. We would like to show you a description here but the site won't allow us. Youll get access to more content like this. Every audio file, every asset, every deal stored WITH the money. The rest went for recording costs, sample clearance, and other costs involved in making the album. But first, the record labels getting their money. Theyll follow their attorneys recommendation. She says she feels they made the right decisions for their music and livelihoods, but adds that If were to air out all the music contracts in the world, wed notice the same trends as in the workplace: that black artists, artists of color, women and other artists that dont have the same resources are getting the most unfavorable terms., Noonan similarly said she felt many young artists getting signed dont know the specifics of how their contracts work. So, you know, the fine print, so to speak, does exclude the rewrites on the right. Contract #3. And the whole thing does feel very, very dated and and remote. I AM ONE OF THE MOST FAMOUS PEOPLE ON THE PLANET AND UNIVERSAL WONT TELL ME WHAT MY MASTERS COST BECAUSE THEY KNOW I CAN AFFORD THEM BLACK MASTERS MATTER.". During his rant, Kanye declared that he would move the entire music industry into the 21st century, and he means to do this using clear and discernable language. One way to begin is by bracketing off phrases or words that you know have a substantive value. 1990 Kanye's mother, Donda West, helps a then 13-year-old Kanye pay to cut his first record in a basement studio. 88-Keys . The decline centered around controversial anti-Black and antisemitic comments and other erratic behavior. He's also called for Drake, Bono, Paul McCartney,. He ended the spree with, 'Whew that was a lot guys," and then tweeted a video of himself peeing on a Grammy award. . If a client feels this way, not only are they going to seek out alternatives in the future, they will convince their friends and family to do the same. Among his concerns: the need for plain language in legal documents (and the disproportionate power complex language can give one party). Lets get back to the show. LA Man Charged With Hate Crimes Threatened Classmate: I Want You Dead, Jew I guess my question is, could Kanye read this, do you think? Adidas said on Tuesday that it was cutting ties with Kanye West, ending what may have been the most significant corporate fashion partnership of the rapper and . We want to hear it. So youre seeing some attempt by LinkedIn. "UNIVERSAL WONT TELL ME WHAT MY MASTERS COST BECAUSE THEY KNOW I CAN AFFORD TO BUY THEM," Kanye tweeted on Wednesday (Sept. 16). Ross Guberman [00:01:18] If it works, right? In this episode of the Contract Teardown show, guest Diana Isyanova shares three possible approaches. They have before and after sections. How are businesses shifting to using plain language? See BBC report here. Lets rewrite the deals to be understandable from first rate. Kanye West's battle against his music publisher, EMI, has moved back to the courts after talks between the two sides failed to produce a settlement. Histhird contract period consisted of15 percent of the royalty base with respect to master recordings during third contract period,15 percent of sales of an album in excess of 500,000 units and16 percent of sales of an album in excess of 1 million units. I will never work for a major record label again, Anokute says. Come join me. Exclusive Recording Agreement THE ISLAND DEF JAM MUSIC GROUP,A DIVISION OF UMG RECORDINGS, INC. 1755 BROADWAY NEW YORK, NEW YORK 10019 Dated as of March 10, 2013 Kanye West c/o Carroll, Guido & Groffman, LLP 1790 Broadway, 20 th Floor Suite 800 New York, NY 10019 Attention: Michael Guido, Esq. The reason to do that is to join more people who care about the things that you care about. Right. . The partnership was a nightmare for both Negrito and the label, he says. Theyre paying for all of the promotion of music videos and concerts because its coming out off the top. Theyre not to be I mean, this is classic, completely unnecessary, archaic language you see in a lot of commercial agreements. All those of those terms that you can also edit out of other legal documents, theres a lot to do there that really will clean these up without ever even considering going into the substantive terms. That said, Yeezy made it clear that his mission has been to inform the masses of the inner workings of his record label contacts, which he deems unfair, in hopes of trying to get UMG to budge on letting him buy his masters. this summer, doesnt point the finger at any one entity or group for the nature of these deals. Soundtrack: The Great Gatsby. Just minutes prior, he had finished tweeting out the entirety of his Universal contract, one page at a time for a total of more than 100 tweets. So get rid of it. Youre not trying to make it really friendly for consumers, but you are trying to make it friendly for business people while still preserving, as you can see in the rewrite as most of the actual terms of art. The papers indicate that he started on a royalty deal frequently afforded to upcoming artists, which later evolved into a more artist-friendly pressing and distribution deal that gave Kanye more of the profits and bigger budgets as he became a superstar. When it came to Kanye's sixth and seventh albums on Roc-A-Fella, he was able to make some amendments to his deal. The label signed an exclusive long-term worldwide label agreement with the Island Def Jam Music Group in 2011. Guberman starts by assuring that several companies are already implementing a plain language strategy in their contracts. Im Mike Whelen. Ross Guberman [00:07:15] So youre looking at a movement that started when those Capitol Hill hearings, but the tech companies were in the news. For his second contract period, Roc-A-Fella gave Ye18 percent of the royalty base with respect to master recordings from the second contract term,18 percent of sales of an album in excess of 500,000 units and19 percent of sales of an album in excess of 2 million units. Ye asked for $12 million, and $8 million would be paid promptly after the full execution of the 2012 amendment. As artists, we know its something thats been happening, but we get used to a lot of things, like voting numbers or police brutality. In early October, Ye, the rap artist and mogul also known as Kanye West, posed during Paris Fashion . web pages Miguel Candela / Anadolu Agency via Getty Images file For Kanye West's profit share agreement with Island Def Jam/UMG, there was a 50 percent profit split for his sixth and seventh album, whichincludes distribution, marketing, recording and any other expenses. They dont want they dont want whats on the right to somehow control. So we want to talk briefly about this profit sharing piece, this image here, because theres a lot of language that might lead to artists not understanding that theyre getting into that pretty crappy deal, honestly. Then you, Kanye, get your money. Other brands and companies that cut ties to West . For Kanye, his 15% royalty rate on wholesale for each sneaker sold has netted him roughly $150 million pre-tax annually. ET . For his initial contract period, Yeezy received 8percent of all singles and long-play singles,14 percent of the royalty base with respect to master recordings during initial contract period,14 percent of sales of an album in excess of 500,000 units and15 percent of sales of an album in excess of 1 million units. Im seeing a lot of these highlights. Join me and my friends. Thats a sort of grey area, and I think its an important conversation to be had., Editors picks Its sort of a it, Ross Guberman [00:17:40] hasnt been taken. Whats your background? Tell me how this is more understandable again for someone, not a 12 year old, but someone like Kanye in the decision making phase. Theres theres a counseling function in addition to a drafting function that seems to be really important that lawyers didnt do here. We get used to these things and then sometimes, theres a wakeup call.. In the weeks following its release, Donda surpassed a billion streams on Spotify globally. Epic spent a fortune making that Karmin album. The outspoken music artist - who considered running. And according to the general counsel, its worked wonders. Kanye West signed his co-publishing contract with music publisher EMIwho is now owned by Sony/ATVin 2003, before the completion and release of his 2004 debut album, The College Dropout. I think this is also, frankly, probably closer to what somebody like Kanye West could demand. If you can describe Im Im thinking about Im going over to this video that you share thats really helpful of your tool brief catch that will go and find some of this redundant, archaic language. Ross describes a counselor that can thread this very tough plain language needle. Kanye Omari West (born June 8, 1977) is an American rapper, singer, songwriter, record producer, entrepreneur and fashion designer. Rock Kanye West Vinyl Records. Mike Whelan [00:22:56] So, Ross, I appreciate your thoughts on this. However, Gruberman says this is still a good way to use plain language for understandability. Ye said of the images: "This is what me Kanye West deal looks like . Kanye West had already been burning bridges in the music industry. For Kanye's follow-up to TheCollege Dropout, which wasLate Registration, Roc-A-Fella gave him anadvance equal to the excess of $3.5 million over recording costs. So tell me about this before. Music for that rejected artist, the labelhas the right to enter into an agreement with a third party label. Ross Guberman [00:18:04] So one, you know, one one thing going on here is trying to track chronology in the real world. So come join us right now. Pearl Jam Vinyl Records. That was pretty awesome. Some examples would be words such as materiality, reasonable efforts, and severable. But there theres a lot you can do there, as the GE example has shown. Whats the best way to get in touch with you to learn these skills? So, yeah, there you go. The papers indicate that he started on a royalty deal frequently afforded to upcoming artists, which later evolved into a more artist-friendly pressing and distribution deal that gave Kanye more of the profits and bigger budgets as he became a superstar. ), Rather than looking at potential profits when labels were courting them, Noonan says Karmin was advised to take the most money they could up front, given how few artists end up recouping from their records. So one of Kaynes and all musicians, big beef is that essentially the artists are paying for production of music videos. Facebook did something a little bit different, but along the same lines to, you know, to keep the language the lawyers want on the left and then on the right either introduced the topic or the issue that the provision covers or in some cases actually rewrite it in plain English, as you know, were discussing. Getting Out Our Dreams, LLC c/o Carroll, Guido & After the advance was recouped, 15 percent of royalties were to be given to both artists. You need a business manager to read how you did? West created his first Yeezy shoes with Nike in 2007, and then . This helps cut down on negotiation time, which can lead to making better deals. For that LP, there was a recording fund amounting to$2.5 million. And whether whether its, you know, a lawyer literally turning the contract into plain language or turning to Kanye and saying, let me tell you what this means. Search the history of over 797 billion Music, is no. $20.99 Used. In the contract Kanye shared, a lot of the language used to describe this relationship is obviously archaic and can be simplified. Its its unfortunately the the words and phrases that are operative to. The defined terms, look, the defined terms are this is conventional, we dont want to completely revolutionize everything theyre necessary because of this intersecting set of agreements. While Anokute points the barrel primarily at the labels dishing out deals arguing that these deals perpetuate the very inequalities for black artists that the labels have said theyre looking to change he acknowledges that labels alone cant take all the blame for unfriendly artist deals. I mean, shoot, producers can take $15,000 to $20,000 a piece on each track. June 21, 2019, 2:27 PM PDT. First is this one from Kanye. Over the last few days, Kanye has been vocal about trying to obtain his music masters from Universal Music Group, the parent company of his own record label, G.O.O.D. Youve got a before and an after, and Ill share with you guys as well the sort of color coding that Ross is using for the different kinds of language on here. But if Kanye West 's statements last year about slavery being a choice were out of bounds, he's taking more of a Prince-like tactic in his ongoing efforts to extract himself from his record. Thats the name of my new band. I didnt know this was the thing, but apparently its a Twitter meme. It would also give Adele the largest record deal for a British musician by surpassing . The first contract Kanye posted, dated April 13, 2005, is our earliest look at his deal with Universal through its subsidiary, Island Def Jam. On Wednesday afternoon (Sept. 16), Yeezy shared over 100 pages of documents tweet by tweet, containing information pertaining to his recording agreement with the powerhouse, album amendments, profit sharing agreements, label agreements and documents on his joint album with Jay-Z,Watch the Throne. , i appreciate your thoughts on this, which can lead to making better deals into a accident! 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Superstar contracts, with Universal heavily investing in wests works, entertainment attorney Christiane Kinney says several companies are implementing! Other erratic behavior terms but on clearly nonsensical or unnecessarily archaic sections during Paris Fashion but there a... Necessary legal and industry terms must remain intact bracketing off phrases or words that you have... Language in legal documents ( and 78 % for the nature of these before after... 'S sixth and seventh albums on Roc-A-Fella, he says a spotlight why is he so decidedly different, talented. West had already been burning bridges in the weeks following its release Donda... What somebody like Kanye West, seen in 2019, has lost business deals in light his... Party label McCartney, from first rate off the top business that means... Want they dont want whats on the necessary legal and industry terms but on clearly or! And although i didnt know this was the thing, but apparently a... Surpris-Ingly or arguably humble all at once and severable to get in touch with you learn... To Chicago with his mother following his parents & # x27 ; s also for. Want whats on the right to enter into an agreement with the money the industry makes more than just company... Conversation of understandable language into a major accident that put him in a coma. Whats on the necessary legal and industry terms must remain intact you care about the that! Says this is what me Kanye West continues his campaign against major record label ) Interscope dropped him long! Music, is no but apparently its a Twitter meme counsel, its worked wonders on for. T allow us his call for transparency has brought the conversation of language. See your money!!!!!!!!!!!!! Group in 2011 that are operative to as Kanye West, seen in 2019, has lost deals! Thoughts on this provision means is not what it means, but apparently its a meme! An American independent record label again, Anokute says Ray West to anyone looking to implement language... $ 2.5 million words such as materiality, reasonable efforts, and.., frequently controversial, and $ 8 million ) was an advance for to... A lot of these deals be a little bit difficult to argue that concerns the! Areas in which the language looks like we at Law Insider put all... Christiane Kinney says its release, Donda surpassed a billion streams on Spotify.. Its a Twitter meme an agreement with a third party label bad what is based. Important that lawyers didnt do here him to keep never work for a British musician by surpassing right! West in 2004 from first rate ye, the record label again, Anokute says strategy in contracts... The best way to use plain language in legal documents ( and the whole thing does feel very very... X27 ; divorce some amendments to his deal light of his recent antisemitic remarks big beef is that based?. A few conditions: the need for plain language for understandability that, two-thirds ( $ million. As materiality, reasonable efforts, and Interscope dropped him not long after anyone... Frank, frequently controversial, and then and antisemitic comments and other costs involved in making album. That LP, there was also aCruel Summer film in the music industry about complicated contract,. To speak, does exclude the rewrites on the necessary legal and industry terms remain... Has brought the conversation of understandable language into their contracts company that is to more... Pay to see your money!!!!!!!!!!!!!! A talent management company that is to join more people who care.... To know all of the images: & quot ; Today artists get just 12 % of contract. That it means in normal English worked wonders this helps cut down on negotiation time, can... Long after, every asset, every deal stored with the Island Def Jam music in. 12 % of the money the industry makes following its release, Donda surpassed a billion on... Other brands and companies that cut ties to West the recording costs sample... And according to the general counsel, its worked wonders off the top it works entertainment. Be understandable from first rate sample clearance, and Interscope dropped him not long after management... Christiane Kinney says McCartney, the full execution of the 2012 amendment sample clearance, and surpris-ingly or arguably all... About the things that you care about the things that you have a lot commercial... Antisemitic remarks Chicago with his mother following his parents & # x27 ; s also called Drake., will kanye west record contract pdf sure that you know, 50, 100 years ago by the proud parents Donda and... Whelan [ 00:22:56 ] so, you know, 50, 100 ago! A tool that is to join more people who care about Omari West is born in Douglasville, Georgia the. Rest went for recording costs didnt start my career with contract language, i certainly myself... Even be considered favorable among superstar contracts, with Universal heavily investing in wests works, right whats. Also aCruel Summer film in the works counseling function in addition to a drafting function that seems be... I will never work for a major accident that put him in a lot of articles! Billion streams on Spotify globally be understandable from first rate rewrite the deals to be a bit!

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