Nov. 1, 2025
Should You Sign a Record Deal or Stay Independent?
In this episode of the Music Business Newsletter with Matthew Rix, I respond to an email from a 16-year-old pop artist who’s starting to gain traction.
She’s already built up 18,000 followers on Instagram and her first single has pulled in over 4,000 Spotify streams not bad for a brand-new artist. Now, a few small label reps have started reaching out, and she wants to know:
Is it smarter to stay independent or try to sign with a label?
It’s a question every developing artist faces and the answer isn’t one size fits all.
In this video, I break down:
-The real benefits of staying independent early on
-When signing with a label actually makes sense
What labels look for before offering real deals
-The red flags to watch for in “indie label” outreach
-How to build leverage so you control the deal not the other way around
Whether you’re a young artist or an indie musician wondering when to level up, this one’s packed with practical advice to help you make smart moves and protect your career.
Got a question about the music industry you want answered?
Head over to MatthewRix.com and click “Submit Your Question”.
The more details you share, the better advice I can give, and your story might also help other artists.
#MusicIndustry #IndependentArtist #RecordDeal #MusicBusiness #ArtistAdvice #MattrixMinute #MatthewRix #MusicCareer #IndieArtist #MusicTips #LabelDeal #UnsignedArtist
Listen to Mattrix Minute for daily Music Business insight with the hype.
Spotify
Apple Music
Amazon Music
YouTube
WEBVTT
1
00:00:00.160 --> 00:00:02.399
Hey, this is Matthew Rix and today on the Music
2
00:00:02.439 --> 00:00:05.519
Business newsletter, we got a good one and she's young too,
3
00:00:05.639 --> 00:00:10.119
asking the heated questions on should I try to get
4
00:00:10.160 --> 00:00:13.359
signed or stay independent. So before we dive into this email,
5
00:00:13.519 --> 00:00:14.839
I'm going to ask you to go ahead and like
6
00:00:14.880 --> 00:00:16.079
and subscribe to this channel.
7
00:00:17.039 --> 00:00:18.600
Leave me a comment if you agree with me.
8
00:00:18.679 --> 00:00:20.199
If you disagree with me, leave me a comment, but
9
00:00:20.280 --> 00:00:22.079
make sure to like and subscribe and share it with
10
00:00:22.120 --> 00:00:24.719
your friends who are in the music industry. So maybe
11
00:00:24.760 --> 00:00:26.679
we can all just kind of get on the same
12
00:00:26.719 --> 00:00:29.519
page on how to get as many people to discover
13
00:00:29.640 --> 00:00:32.560
our music, how to reach as many people as possible.
14
00:00:32.719 --> 00:00:34.359
And if you have a question on the music industry
15
00:00:34.359 --> 00:00:36.479
that you want me to answer, just go to Matthewricks
16
00:00:36.479 --> 00:00:39.479
dot com click submit your question, give me as many
17
00:00:39.520 --> 00:00:42.000
details as possible, and we'll answer it here on the
18
00:00:42.079 --> 00:00:44.719
channel in video and audio forms. So not only can
19
00:00:44.759 --> 00:00:47.119
I help you, but we can also collectively help artists
20
00:00:47.200 --> 00:00:50.200
around the world who have the exact same issue or
21
00:00:50.439 --> 00:00:52.880
question that you have. I don't need you to join
22
00:00:52.920 --> 00:00:55.359
my Patreon. I don't have a Patreon. I don't need
23
00:00:55.399 --> 00:00:57.039
you to buy my book. I don't have a book.
24
00:00:57.320 --> 00:00:59.399
I don't need you to book a private coaching session.
25
00:01:00.000 --> 00:01:01.920
I don't do that anyways. All you gotta do is
26
00:01:01.960 --> 00:01:03.840
go to matthew Ricks dot com and click submit your
27
00:01:03.880 --> 00:01:06.519
question and give you as many details as possible now
28
00:01:06.560 --> 00:01:09.400
today's email. The email says, my name is Sarah. I
29
00:01:09.439 --> 00:01:12.079
am sixteen years old and I just started watching your
30
00:01:12.480 --> 00:01:15.760
music business newsletters. I really appreciate how you break things
31
00:01:15.760 --> 00:01:18.799
down in a way that makes sense, especially for artists
32
00:01:18.840 --> 00:01:20.840
like me who are just getting started and trying to
33
00:01:20.879 --> 00:01:25.200
figure this whole industry out. Well, Sarah, that's what we're
34
00:01:25.200 --> 00:01:28.159
gonna call you. First of all, thanks for sending in
35
00:01:28.159 --> 00:01:31.439
a question too. I love that, at sixteen years old,
36
00:01:32.280 --> 00:01:34.920
you are trying to get as much information as possible
37
00:01:34.959 --> 00:01:38.319
to better further your career. There is a ton of
38
00:01:38.359 --> 00:01:40.719
great resources on the internet. There's a ton of great
39
00:01:40.719 --> 00:01:43.359
people out there who want to give you their expertise,
40
00:01:43.400 --> 00:01:48.439
give you their opinions, share some war stories. Try to
41
00:01:48.519 --> 00:01:51.400
dive into as much information as you possibly can so
42
00:01:51.439 --> 00:01:54.079
that you can apply it to your career. So you're
43
00:01:54.079 --> 00:01:56.159
not just like a lot of these artists who talk
44
00:01:56.200 --> 00:01:57.879
a big game or they act like they know what
45
00:01:57.879 --> 00:02:00.599
they're doing and they're just clueless. As for breaking it down,
46
00:02:00.760 --> 00:02:02.799
you know, I say this quite often on this channel,
47
00:02:02.879 --> 00:02:05.239
is that I just try to make things as simplistic
48
00:02:05.239 --> 00:02:07.920
as possible, because I do believe some people try to
49
00:02:07.920 --> 00:02:11.479
make things more difficult just so they seem smarter, and
50
00:02:11.560 --> 00:02:13.360
I know I'm not the smartest person in the room,
51
00:02:13.520 --> 00:02:16.000
So I try to break things down to as simplistic
52
00:02:16.039 --> 00:02:18.319
as possible. But thank you for sending in this email.
53
00:02:18.680 --> 00:02:20.360
Let's get to the Let's get to the meat.
54
00:02:20.240 --> 00:02:20.719
Of it now.
55
00:02:20.919 --> 00:02:23.479
So here's where I'm at, she says. I've only released
56
00:02:23.520 --> 00:02:25.719
one song so far, and it's done around four thousand
57
00:02:25.759 --> 00:02:32.319
streams on Spotify since June. That's your first single, sixteen
58
00:02:32.360 --> 00:02:35.400
years old, so you're not probably playing out a lot.
59
00:02:35.479 --> 00:02:36.120
You're probably not.
60
00:02:36.120 --> 00:02:40.039
Doing clubs and barrooms and stuff like that. So four
61
00:02:40.039 --> 00:02:45.479
thousand streams sixteen years old, that's a pretty good number
62
00:02:45.520 --> 00:02:47.759
for coming out of the gate. I don't think you
63
00:02:47.840 --> 00:02:49.080
put an email where you're from, but.
64
00:02:49.479 --> 00:02:52.759
That's that's pretty good starting off. She continues.
65
00:02:52.800 --> 00:02:56.120
I've also built up about eighteen thousand followers on Instagram
66
00:02:56.159 --> 00:03:00.680
and about forty thousand on TikTok. Right now, every male
67
00:03:01.680 --> 00:03:05.599
who's released their first single and just kickstarted their TikTok
68
00:03:05.639 --> 00:03:07.319
and kickstarted their Instagram account.
69
00:03:08.400 --> 00:03:09.840
Is dying a little bit inside.
70
00:03:09.919 --> 00:03:14.800
There is absolutely the chick effect when it comes to
71
00:03:14.840 --> 00:03:18.560
social media, you know. But good for you for having
72
00:03:18.599 --> 00:03:22.280
those numbers. How did she get those numbers? How did
73
00:03:22.319 --> 00:03:25.639
she get to eighteen thousand followers on Instagram and forty
74
00:03:25.680 --> 00:03:26.919
thousand on TikTok, Well.
75
00:03:26.759 --> 00:03:29.039
She tells us. Sarah comes with receipts.
76
00:03:29.639 --> 00:03:33.199
She says she grew her channels mostly from posting covers
77
00:03:33.240 --> 00:03:36.319
and behind the scenes stuff about my writing process. So
78
00:03:36.479 --> 00:03:38.120
at sixteen years old, you're writing your.
79
00:03:38.000 --> 00:03:42.639
Own songs as well, and you have enough you have enough.
80
00:03:43.960 --> 00:03:48.840
Intellect to know that as an artist, I'm going to
81
00:03:48.840 --> 00:03:50.560
share this process with my fans and it's going to
82
00:03:50.560 --> 00:03:51.159
grow my pages.
83
00:03:51.240 --> 00:03:53.240
Now, you being a female does not hurt.
84
00:03:54.000 --> 00:03:55.960
Let's just put that out there, okay, But that's not
85
00:03:56.000 --> 00:03:58.840
to undermine the effort that you're putting in on TikTok
86
00:03:58.879 --> 00:04:01.960
and Instagram and you're seeing the results. I would think
87
00:04:02.039 --> 00:04:07.840
at this point, with you having forty thousand followers on TikTok,
88
00:04:10.919 --> 00:04:12.800
I would think you've had a couple of videos that
89
00:04:12.800 --> 00:04:16.480
have popped off and gone viral. I would think, so,
90
00:04:16.600 --> 00:04:21.279
you are probably pretty close to getting in the creator's
91
00:04:21.319 --> 00:04:25.040
fund in Amazon or in TikTok. I would think, so,
92
00:04:25.040 --> 00:04:27.199
hopefully you're making some money in TikTok or you're about to.
93
00:04:28.240 --> 00:04:29.199
The email continues.
94
00:04:30.160 --> 00:04:33.399
Lately, I've been getting messages from a few independent label reps.
95
00:04:33.480 --> 00:04:36.839
She puts it in quotations, saying they want to talk.
96
00:04:37.399 --> 00:04:41.279
Some of them sound legit and others kind of don't. Well, okay,
97
00:04:41.319 --> 00:04:47.439
at sixteen years old, and obviously I would assume that
98
00:04:47.480 --> 00:04:50.360
you have you probably have some pretty good backing and
99
00:04:50.399 --> 00:04:55.279
support from your parents, you know, emotional support, maybe some guidance.
100
00:04:57.120 --> 00:04:59.959
I would at sixteen if my daughter was sixteen year
101
00:05:00.040 --> 00:05:01.839
years old and put out her first single and she
102
00:05:01.920 --> 00:05:06.000
was getting approached by people, I would step in.
103
00:05:06.519 --> 00:05:07.360
I would step in.
104
00:05:07.959 --> 00:05:14.439
So I would say, right now, at sixteen years old,
105
00:05:14.480 --> 00:05:17.759
which parent is the one who is.
106
00:05:18.839 --> 00:05:20.000
Not the gas are upper?
107
00:05:20.879 --> 00:05:22.279
You know, because I think we both you know, if
108
00:05:22.319 --> 00:05:24.560
you have two supportive parents, one of them is the
109
00:05:24.600 --> 00:05:25.319
one who's.
110
00:05:25.040 --> 00:05:26.920
Like everything you do is great. The other one who
111
00:05:27.040 --> 00:05:27.639
is a little.
112
00:05:27.399 --> 00:05:29.839
Bit more skeptical of you know, their daughter getting in
113
00:05:29.879 --> 00:05:33.480
the music industry, maybe playing shows or producers whatever. That's
114
00:05:33.480 --> 00:05:37.639
the one you want talking to these independent label reps.
115
00:05:38.879 --> 00:05:39.680
I mean, at.
116
00:05:39.560 --> 00:05:43.560
Sixteen years old, a couple of thousand streams.
117
00:05:43.079 --> 00:05:45.920
On Spotify, popping off on TikTok.
118
00:05:45.959 --> 00:05:47.800
It looks like you didn't tell me when you started
119
00:05:47.800 --> 00:05:51.720
your TikTok page, popping off a little bit on Instagram.
120
00:05:51.759 --> 00:05:52.839
Those are good numbers.
121
00:05:52.959 --> 00:05:57.319
I would assume you probably are getting some attention from
122
00:05:57.360 --> 00:06:01.600
some label people into indie labels. Now, are they good contracts?
123
00:06:01.680 --> 00:06:06.040
Are they reputable companies? You know, you don't really say.
124
00:06:06.079 --> 00:06:06.720
You might not know.
125
00:06:07.279 --> 00:06:09.079
Some of the people who are going to approach you
126
00:06:09.079 --> 00:06:11.040
to want to work with you are going to be legit,
127
00:06:11.160 --> 00:06:14.040
but probably majority of them are not going to be legit.
128
00:06:14.160 --> 00:06:15.720
It's just the way it is. It's just the nature
129
00:06:15.759 --> 00:06:18.439
of the industry. But let's continue with the email, she says.
130
00:06:18.480 --> 00:06:20.560
But it got me thinking, and this is what I
131
00:06:20.600 --> 00:06:23.600
want to ask you. Is it smarter to stay independent
132
00:06:23.800 --> 00:06:25.480
or try to sign with a label?
133
00:06:26.920 --> 00:06:27.439
Right now?
134
00:06:27.480 --> 00:06:29.920
There are people who are already typing out what I'm
135
00:06:29.920 --> 00:06:35.560
going to say their own opinion. It just really depends
136
00:06:35.600 --> 00:06:39.160
on what you're looking for, it really does. It depends
137
00:06:39.199 --> 00:06:41.279
on It depends on what you're looking for. It depends
138
00:06:41.279 --> 00:06:44.199
on how hard you want to work. It depends on
139
00:06:45.079 --> 00:06:48.000
what you're willing to sacrifice. When I was sixteen years
140
00:06:48.040 --> 00:06:51.439
old and I started working at Jive Records, I didn't
141
00:06:51.480 --> 00:06:53.720
go to homecoming. I mean I dropped out, but I
142
00:06:53.759 --> 00:06:55.279
had a little girlfriend at the time. I didn't go
143
00:06:55.279 --> 00:06:58.800
to homecoming. I didn't go to prom. I couldn't go
144
00:06:58.839 --> 00:07:03.639
to prom. Actually, we're at a music conference in Atlanta.
145
00:07:04.680 --> 00:07:06.480
That weekend and I can't go.
146
00:07:07.720 --> 00:07:11.000
So it really depends on is this something that you
147
00:07:11.079 --> 00:07:13.959
are incredibly passionate about, which it looks like you are
148
00:07:14.000 --> 00:07:16.279
because you took the time out to email me and
149
00:07:16.319 --> 00:07:18.600
you're watching my videos and hopefully you're watching other people's
150
00:07:18.639 --> 00:07:22.000
videos and doing more research. So is this something you're
151
00:07:22.040 --> 00:07:23.079
willing to sacrifice?
152
00:07:23.399 --> 00:07:23.560
Is it?
153
00:07:23.839 --> 00:07:25.519
Is it something that you know you won't go to
154
00:07:25.519 --> 00:07:28.800
the pep the prep pep rallies, Pepperrelli's right, yeah, Pepperrellies.
155
00:07:30.600 --> 00:07:32.360
Is it? Is it is something that you might have
156
00:07:32.399 --> 00:07:36.000
to skip out on homecoming for pretty much besides family,
157
00:07:36.079 --> 00:07:38.800
and you know, if you follow follow God or you
158
00:07:38.879 --> 00:07:41.920
have religious beliefs, like something that's going to be right
159
00:07:42.000 --> 00:07:43.800
up there at the top, but then everything else goes
160
00:07:43.839 --> 00:07:47.199
by the wayside. Is it smarter to stay independent or
161
00:07:47.199 --> 00:07:49.000
try to sign with the label. Well, one it also
162
00:07:49.079 --> 00:07:51.360
and then it also depends on what the label is.
163
00:07:51.759 --> 00:07:53.639
You know, the other day I answered an email from
164
00:07:53.639 --> 00:07:56.279
an artist where the label wants fifty percent of your royalties.
165
00:07:58.120 --> 00:07:58.680
Don't sign that.
166
00:08:00.199 --> 00:08:04.600
If it's a label that is going to sign you
167
00:08:05.120 --> 00:08:07.600
but they're not going to do anything, or they don't
168
00:08:07.600 --> 00:08:11.800
know anybody, don't stay independent. If it's a more reputable
169
00:08:11.839 --> 00:08:17.639
independent label that's got connections, they got a marketing team,
170
00:08:17.800 --> 00:08:21.639
they're gonna be mindful that you're sixteen. They come with
171
00:08:21.720 --> 00:08:25.160
receipts for what they do. They have a good reputation
172
00:08:25.279 --> 00:08:27.279
in town. They're not trying to take advantage of sixteen
173
00:08:27.319 --> 00:08:31.519
year olds. If you're willing to sacrifice everything, then yeah,
174
00:08:31.560 --> 00:08:35.120
it makes more sense than to sign with a label
175
00:08:35.240 --> 00:08:38.960
that's independent. If we're talking about going with a major,
176
00:08:39.879 --> 00:08:42.080
you're gonna have to get those numbers way up. You're
177
00:08:42.120 --> 00:08:44.480
gonna have to get those numbers way up for you
178
00:08:44.559 --> 00:08:48.039
to get on the radar of a major label. You're
179
00:08:48.039 --> 00:08:53.200
gonna have to get I would say probably ten ext
180
00:08:53.240 --> 00:09:00.840
your numbers. Four hundred thousand followers on TikTok, one hundred
181
00:09:00.840 --> 00:09:04.360
thousand on Instagram have a couple of videos that are
182
00:09:04.759 --> 00:09:09.320
well into the millions directing. Everything you're doing at that
183
00:09:09.360 --> 00:09:13.639
point is directing people to Apple Music, Spotify to get
184
00:09:13.679 --> 00:09:17.639
those stream numbers up, and that would be how you
185
00:09:17.720 --> 00:09:21.879
get a major. So the indie label thing, it really
186
00:09:21.919 --> 00:09:24.440
does get broken down into there's good indie labels and
187
00:09:24.480 --> 00:09:28.600
there's bad indie labels. Some good indie labels out there,
188
00:09:28.720 --> 00:09:31.679
you know, in Christian hip hop terms, Reach Records is
189
00:09:31.720 --> 00:09:36.840
one of them. In punk world, Epitaph, Hellcat, Pirate Press,
190
00:09:37.600 --> 00:09:44.879
great great indie labels. But you know an indie label
191
00:09:44.879 --> 00:09:46.840
that wants you to pay money for them to work
192
00:09:46.840 --> 00:09:48.240
with you, you.
193
00:09:47.600 --> 00:09:48.600
Got to pay them.
194
00:09:48.960 --> 00:09:52.519
They're going to take fifty percent of your you know, royalties,
195
00:09:52.559 --> 00:09:56.799
they're going to own the masters. They're going to take
196
00:09:56.840 --> 00:09:59.000
this single that you did and just slap their name
197
00:09:59.080 --> 00:10:00.960
on it and claim it's there, and they're not gonna
198
00:10:00.960 --> 00:10:04.159
give you any money for it. One that's gonna lock
199
00:10:04.279 --> 00:10:07.399
you up into long term deals unless it's a major
200
00:10:07.440 --> 00:10:10.720
that's gonna or you know a reputable indy who's gonna
201
00:10:10.720 --> 00:10:12.600
give you an advance.
202
00:10:15.000 --> 00:10:16.600
Those are the only ones I would sign with.
203
00:10:16.639 --> 00:10:21.480
But at sixteen, right now, my favor Okay, if I
204
00:10:21.559 --> 00:10:24.799
was still in an R and you came across my
205
00:10:24.879 --> 00:10:31.080
desk at sixteen, I'm gonna have to really love what
206
00:10:31.120 --> 00:10:33.440
I'm seeing. I'm gonna have to really love the music.
207
00:10:33.440 --> 00:10:35.399
I'm gonna have to really love the imaging. I'm gonna
208
00:10:35.440 --> 00:10:39.919
have to really love the numbers because at sixteen, this
209
00:10:40.080 --> 00:10:42.960
is no shade. But this is just You're sixteen. In
210
00:10:43.000 --> 00:10:47.320
two years, your life could radically change forever by going
211
00:10:47.360 --> 00:10:48.960
to college. You could decide like, I want to go
212
00:10:48.960 --> 00:10:50.120
to college. I want to go to Hey, I got
213
00:10:50.159 --> 00:10:52.960
accepted into UCLA. I want to go to UCLA. And
214
00:10:53.000 --> 00:10:54.600
now I'm kind of stuck with you, Like I have
215
00:10:54.679 --> 00:10:56.759
this contract. We've kind of put some money, we kind
216
00:10:56.759 --> 00:10:58.879
of put some effort into it, and now I'm stuck
217
00:10:58.919 --> 00:11:03.519
with you, and then I have to either shelve you
218
00:11:04.440 --> 00:11:07.440
or force you to be an artist. And if I
219
00:11:07.480 --> 00:11:09.240
shelve you, I don't know if you're ever getting off
220
00:11:09.279 --> 00:11:13.600
that shelf. So at sixteen years old, if I was
221
00:11:13.639 --> 00:11:15.799
an an R today and you came across my desk,
222
00:11:16.879 --> 00:11:19.759
I'm probably keeping an eye on you. I'm probably going
223
00:11:19.840 --> 00:11:22.519
to be texting you and your dad or you and
224
00:11:22.559 --> 00:11:27.879
your mom building a relationship and then just watching what happens.
225
00:11:28.320 --> 00:11:31.720
I would say at this point, any label that is
226
00:11:31.840 --> 00:11:37.039
contacting you is probably not worth your time. But let's
227
00:11:37.039 --> 00:11:38.039
continue with the email.
228
00:11:38.399 --> 00:11:38.840
She says.
229
00:11:38.879 --> 00:11:41.399
I keep hearing people say stay independent as long as
230
00:11:41.440 --> 00:11:45.159
you can, but I don't really know why. So you
231
00:11:45.200 --> 00:11:49.399
have artistic control, so you have freedom, so you can
232
00:11:50.120 --> 00:11:51.679
kind of mix it up a little bit, so you
233
00:11:51.679 --> 00:11:53.799
don't have a bunch of people telling you what when
234
00:11:53.840 --> 00:11:56.080
to post, why to post, why did you post? Why'd
235
00:11:56.120 --> 00:11:59.320
you post that? You can kind of write whatever you
236
00:11:59.360 --> 00:12:03.720
want without people going, well, I don't like that because
237
00:12:03.720 --> 00:12:06.440
I don't care what genre of music it is. If
238
00:12:06.480 --> 00:12:08.240
you get signed to a major I don't care. It
239
00:12:08.240 --> 00:12:10.360
could be Christian, it could be it could be punk.
240
00:12:10.440 --> 00:12:12.919
Whatever you get signed to a major label, they're going
241
00:12:13.000 --> 00:12:15.480
through your lyrics. They're gonna, well, why we don't want
242
00:12:15.639 --> 00:12:17.039
we don't want a song on the album like this.
1
00:00:00.160 --> 00:00:02.399
2
00:00:02.439 --> 00:00:05.519
3
00:00:05.639 --> 00:00:10.119
4
00:00:10.160 --> 00:00:13.359
5
00:00:13.519 --> 00:00:14.839
6
00:00:14.880 --> 00:00:16.079
7
00:00:17.039 --> 00:00:18.600
8
00:00:18.679 --> 00:00:20.199
9
00:00:20.280 --> 00:00:22.079
10
00:00:22.120 --> 00:00:24.719
11
00:00:24.760 --> 00:00:26.679
12
00:00:26.719 --> 00:00:29.519
13
00:00:29.640 --> 00:00:32.560
14
00:00:32.719 --> 00:00:34.359
15
00:00:34.359 --> 00:00:36.479
16
00:00:36.479 --> 00:00:39.479
17
00:00:39.520 --> 00:00:42.000
18
00:00:42.079 --> 00:00:44.719
19
00:00:44.759 --> 00:00:47.119
20
00:00:47.200 --> 00:00:50.200
21
00:00:50.439 --> 00:00:52.880
22
00:00:52.920 --> 00:00:55.359
23
00:00:55.399 --> 00:00:57.039
24
00:00:57.320 --> 00:00:59.399
25
00:01:00.000 --> 00:01:01.920
26
00:01:01.960 --> 00:01:03.840
27
00:01:03.880 --> 00:01:06.519
28
00:01:06.560 --> 00:01:09.400
29
00:01:09.439 --> 00:01:12.079
30
00:01:12.480 --> 00:01:15.760
31
00:01:15.760 --> 00:01:18.799
32
00:01:18.840 --> 00:01:20.840
33
00:01:20.879 --> 00:01:25.200
34
00:01:25.200 --> 00:01:28.159
35
00:01:28.159 --> 00:01:31.439
36
00:01:32.280 --> 00:01:34.920
37
00:01:34.959 --> 00:01:38.319
38
00:01:38.359 --> 00:01:40.719
39
00:01:40.719 --> 00:01:43.359
40
00:01:43.400 --> 00:01:48.439
41
00:01:48.519 --> 00:01:51.400
42
00:01:51.439 --> 00:01:54.079
43
00:01:54.079 --> 00:01:56.159
44
00:01:56.200 --> 00:01:57.879
45
00:01:57.879 --> 00:02:00.599
46
00:02:00.760 --> 00:02:02.799
47
00:02:02.879 --> 00:02:05.239
48
00:02:05.239 --> 00:02:07.920
49
00:02:07.920 --> 00:02:11.479
50
00:02:11.560 --> 00:02:13.360
51
00:02:13.520 --> 00:02:16.000
52
00:02:16.039 --> 00:02:18.319
53
00:02:18.680 --> 00:02:20.360
54
00:02:20.240 --> 00:02:20.719
55
00:02:20.919 --> 00:02:23.479
56
00:02:23.520 --> 00:02:25.719
57
00:02:25.759 --> 00:02:32.319
58
00:02:32.360 --> 00:02:35.400
59
00:02:35.479 --> 00:02:36.120
60
00:02:36.120 --> 00:02:40.039
61
00:02:40.039 --> 00:02:45.479
62
00:02:45.520 --> 00:02:47.759
63
00:02:47.840 --> 00:02:49.080
64
00:02:49.479 --> 00:02:52.759
65
00:02:52.800 --> 00:02:56.120
66
00:02:56.159 --> 00:03:00.680
67
00:03:01.680 --> 00:03:05.599
68
00:03:05.639 --> 00:03:07.319
69
00:03:08.400 --> 00:03:09.840
70
00:03:09.919 --> 00:03:14.800
71
00:03:14.840 --> 00:03:18.560
72
00:03:18.599 --> 00:03:22.280
73
00:03:22.319 --> 00:03:25.639
74
00:03:25.680 --> 00:03:26.919
75
00:03:26.759 --> 00:03:29.039
76
00:03:29.639 --> 00:03:33.199
77
00:03:33.240 --> 00:03:36.319
78
00:03:36.479 --> 00:03:38.120
79
00:03:38.000 --> 00:03:42.639
80
00:03:43.960 --> 00:03:48.840
81
00:03:48.840 --> 00:03:50.560
82
00:03:50.560 --> 00:03:51.159
83
00:03:51.240 --> 00:03:53.240
84
00:03:54.000 --> 00:03:55.960
85
00:03:56.000 --> 00:03:58.840
86
00:03:58.879 --> 00:04:01.960
87
00:04:02.039 --> 00:04:07.840
88
00:04:10.919 --> 00:04:12.800
89
00:04:12.800 --> 00:04:16.480
90
00:04:16.600 --> 00:04:21.279
91
00:04:21.319 --> 00:04:25.040
92
00:04:25.040 --> 00:04:27.199
93
00:04:28.240 --> 00:04:29.199
94
00:04:30.160 --> 00:04:33.399
95
00:04:33.480 --> 00:04:36.839
96
00:04:37.399 --> 00:04:41.279
97
00:04:41.319 --> 00:04:47.439
98
00:04:47.480 --> 00:04:50.360
99
00:04:50.399 --> 00:04:55.279
100
00:04:57.120 --> 00:04:59.959
101
00:05:00.040 --> 00:05:01.839
102
00:05:01.920 --> 00:05:06.000
103
00:05:06.519 --> 00:05:07.360
104
00:05:07.959 --> 00:05:14.439
105
00:05:14.480 --> 00:05:17.759
106
00:05:18.839 --> 00:05:20.000
107
00:05:20.879 --> 00:05:22.279
108
00:05:22.319 --> 00:05:24.560
109
00:05:24.600 --> 00:05:25.319
110
00:05:25.040 --> 00:05:26.920
111
00:05:27.040 --> 00:05:27.639
112
00:05:27.399 --> 00:05:29.839
113
00:05:29.879 --> 00:05:33.480
114
00:05:33.480 --> 00:05:37.639
115
00:05:38.879 --> 00:05:39.680
116
00:05:39.560 --> 00:05:43.560
117
00:05:43.079 --> 00:05:45.920
118
00:05:45.959 --> 00:05:47.800
119
00:05:47.800 --> 00:05:51.720
120
00:05:51.759 --> 00:05:52.839
121
00:05:52.959 --> 00:05:57.319
122
00:05:57.360 --> 00:06:01.600
123
00:06:01.680 --> 00:06:06.040
124
00:06:06.079 --> 00:06:06.720
125
00:06:07.279 --> 00:06:09.079
126
00:06:09.079 --> 00:06:11.040
127
00:06:11.160 --> 00:06:14.040
128
00:06:14.160 --> 00:06:15.720
129
00:06:15.759 --> 00:06:18.439
130
00:06:18.480 --> 00:06:20.560
131
00:06:20.600 --> 00:06:23.600
132
00:06:23.800 --> 00:06:25.480
133
00:06:26.920 --> 00:06:27.439
134
00:06:27.480 --> 00:06:29.920
135
00:06:29.920 --> 00:06:35.560
136
00:06:35.600 --> 00:06:39.160
137
00:06:39.199 --> 00:06:41.279
138
00:06:41.279 --> 00:06:44.199
139
00:06:45.079 --> 00:06:48.000
140
00:06:48.040 --> 00:06:51.439
141
00:06:51.480 --> 00:06:53.720
142
00:06:53.759 --> 00:06:55.279
143
00:06:55.279 --> 00:06:58.800
144
00:06:58.839 --> 00:07:03.639
145
00:07:04.680 --> 00:07:06.480
146
00:07:07.720 --> 00:07:11.000
147
00:07:11.079 --> 00:07:13.959
148
00:07:14.000 --> 00:07:16.279
149
00:07:16.319 --> 00:07:18.600
150
00:07:18.639 --> 00:07:22.000
151
00:07:22.040 --> 00:07:23.079
152
00:07:23.399 --> 00:07:23.560
153
00:07:23.839 --> 00:07:25.519
154
00:07:25.519 --> 00:07:28.800
155
00:07:30.600 --> 00:07:32.360
156
00:07:32.399 --> 00:07:36.000
157
00:07:36.079 --> 00:07:38.800
158
00:07:38.879 --> 00:07:41.920
159
00:07:42.000 --> 00:07:43.800
160
00:07:43.839 --> 00:07:47.199
161
00:07:47.199 --> 00:07:49.000
162
00:07:49.079 --> 00:07:51.360
163
00:07:51.759 --> 00:07:53.639
164
00:07:53.639 --> 00:07:56.279
165
00:07:58.120 --> 00:07:58.680
166
00:08:00.199 --> 00:08:04.600
167
00:08:05.120 --> 00:08:07.600
168
00:08:07.600 --> 00:08:11.800
169
00:08:11.839 --> 00:08:17.639
170
00:08:17.800 --> 00:08:21.639
171
00:08:21.720 --> 00:08:25.160
172
00:08:25.279 --> 00:08:27.279
173
00:08:27.319 --> 00:08:31.519
174
00:08:31.560 --> 00:08:35.120
175
00:08:35.240 --> 00:08:38.960
176
00:08:39.879 --> 00:08:42.080
177
00:08:42.120 --> 00:08:44.480
178
00:08:44.559 --> 00:08:48.039
179
00:08:48.039 --> 00:08:53.200
180
00:08:53.240 --> 00:09:00.840
181
00:09:00.840 --> 00:09:04.360
182
00:09:04.759 --> 00:09:09.320
183
00:09:09.360 --> 00:09:13.639
184
00:09:13.679 --> 00:09:17.639
185
00:09:17.720 --> 00:09:21.879
186
00:09:21.919 --> 00:09:24.440
187
00:09:24.480 --> 00:09:28.600
188
00:09:28.720 --> 00:09:31.679
189
00:09:31.720 --> 00:09:36.840
190
00:09:37.600 --> 00:09:44.879
191
00:09:44.879 --> 00:09:46.840
192
00:09:46.840 --> 00:09:48.240
193
00:09:47.600 --> 00:09:48.600
194
00:09:48.960 --> 00:09:52.519
195
00:09:52.559 --> 00:09:56.799
196
00:09:56.840 --> 00:09:59.000
197
00:09:59.080 --> 00:10:00.960
198
00:10:00.960 --> 00:10:04.159
199
00:10:04.279 --> 00:10:07.399
200
00:10:07.440 --> 00:10:10.720
201
00:10:10.720 --> 00:10:12.600
202
00:10:15.000 --> 00:10:16.600
203
00:10:16.639 --> 00:10:21.480
204
00:10:21.559 --> 00:10:24.799
205
00:10:24.879 --> 00:10:31.080
206
00:10:31.120 --> 00:10:33.440
207
00:10:33.440 --> 00:10:35.399
208
00:10:35.440 --> 00:10:39.919
209
00:10:40.080 --> 00:10:42.960
210
00:10:43.000 --> 00:10:47.320
211
00:10:47.360 --> 00:10:48.960
212
00:10:48.960 --> 00:10:50.120
213
00:10:50.159 --> 00:10:52.960
214
00:10:53.000 --> 00:10:54.600
215
00:10:54.679 --> 00:10:56.759
216
00:10:56.759 --> 00:10:58.879
217
00:10:58.919 --> 00:11:03.519
218
00:11:04.440 --> 00:11:07.440
219
00:11:07.480 --> 00:11:09.240
220
00:11:09.279 --> 00:11:13.600
221
00:11:13.639 --> 00:11:15.799
222
00:11:16.879 --> 00:11:19.759
223
00:11:19.840 --> 00:11:22.519
224
00:11:22.559 --> 00:11:27.879
225
00:11:28.320 --> 00:11:31.720
226
00:11:31.840 --> 00:11:37.039
227
00:11:37.039 --> 00:11:38.039
228
00:11:38.399 --> 00:11:38.840
229
00:11:38.879 --> 00:11:41.399
230
00:11:41.440 --> 00:11:45.159
231
00:11:45.200 --> 00:11:49.399
232
00:11:50.120 --> 00:11:51.679
233
00:11:51.679 --> 00:11:53.799
234
00:11:53.840 --> 00:11:56.080
235
00:11:56.120 --> 00:11:59.320
236
00:11:59.360 --> 00:12:03.720
237
00:12:03.720 --> 00:12:06.440
238
00:12:06.480 --> 00:12:08.240
239
00:12:08.240 --> 00:12:10.360
240
00:12:10.440 --> 00:12:12.919
241
00:12:13.000 --> 00:12:15.480
242
00:12:15.639 --> 00:12:17.039