Collecting music royalties can be a complex and confusing process, but it is an important part of being a successful musician. In this blog, we will go over some basic information about music royalties and how to collect them.
Music royalties are payments that are made to musicians and other rights holders for the use of their music. These payments can be made for a variety of reasons, including when a song is played on the radio, used in a television show or movie, or streamed on a music streaming service.
As a musician or songwriter, learning how to collect music royalties is an essential skill for success. These royalties come from various sources, including streaming platforms, radio broadcasts, and even sheet music. To ensure you collect all the royalties due to you, it’s important to understand each type of royalty and the services available to help you collect them.
Performance royalties are the most common type of royalty, and are collected from any public performance of music. This includes radio broadcasts, live performances, and streaming platforms. These royalties are collected by Performance Rights Organizations (PROs) like ASCAP and BMI in the US, and Collective Management Organizations (CMOs) around the world. In order to collect these royalties, you must first be registered with a PRO or CMO and have a unique identifier, known as an IPI, that is used to identify your works.
In addition to performance royalties, there are mechanical royalties and micro-sync royalties, which are collected when music is reproduced either physically or digitally. To collect these royalties, you must sign up with a publishing administrator, like Songtrust, or a traditional publisher. A publishing administrator will enable you to collect all your global publishing royalties without having to relinquish control of your songs, while a traditional publisher may require you to do so in exchange for an up-front monetary advance.
Finally, neighbouring rights and digital performance royalties must also be collected. Neighbouring rights are paid to recording owners and performing artists when songs are broadcast on terrestrial or streaming radio, or in clubs or venues. In the U.S., SoundExchange is responsible for collecting digital performance royalties, while regional organizations handle neighbouring rights administration outside of the US.
By understanding the different types of music royalties and the services available to help you collect them, you can ensure you’re getting the full value of your music and are getting your rightful share.
In conclusion, collecting music royalties is an important part of being a successful musician. By registering with a PRO and properly registering your musical works, you can ensure that you are receiving all of the royalties that you are entitled to.
Comentarios