In this article we’d be looking at the importance of copyrighting and ways music creators can maximize their income earnings for the music that they create.
These are steps I encourage every Independent artist to try despite them being time consuming. You’ll learn a lot more handling some of these yourself as they give you an understanding of the intricacies of the music business. One of them is PR as discussed earlier in this article.
It is to the advantage of an artist in the early stages of his/her career to build long-term relationships with key industry players in their field, so as not to be too dependent on PR firms who charge you for these services. If you’re not objective to sitting down and sorting out some of these things on your own, let’s get right into it.
Every creative should have a basic understanding if not in- depth knowledge of how copyright works as your intellectual properties are your greatest assets. The Law states that the copyright of any creative work belongs to the author of said work at its creation. In order to notify the law about the existence of your work and to seek its protection in case of a breach of your rights, it is advisable to register your work at your local copyright governing body.
Copyright gives the creator or owner of an IP rights, which includes, the sole liberty to reproduce the copyrighted work in any material form, to publish the work, to perform the work in public, to make any cinematographic film or a record in respect of the work, to broadcast or communicate the work to the public by loudspeaker or other similar device, to issue, sell or rent copies to the public, etc. These rights can be transferred to a third party in exchange for monetary compensation in the form of royalties.
There are diversity of royalties entitled to you, should you decide to transfer the rights of your music to a third party. Registering with institutions responsible for collecting these on your behalf is beneficial to you as a music creator.
If you’re starting to feel like this is too much work, partner with a good publisher who will take care of your music portfolio on your behalf, creating opportunities for generating income and managing them on your behalf.
Mind you, Publishers take a small percentage out of your earnings which is negotiable in some instances but worth it in the long run as publishers open doors to sources of revenue you might not have known existed. Find a publisher who is registered to a Mechanical Rights Society to issue out mechanical licenses and collect royalties on your behalf. Mechanical licenses are licenses given out by the owner of copyright or publisher representative to a third party to reproduce or distribute a song they did not write.
PUBLIC PERFORMANCE OF MUSICAL COMPOSITIONS
This includes transmissions over radio, network and cable TV, internet radio, interactive online streaming services and live performances.
DIGITAL PERFORMANCE OF SOUND RECORDINGS
With a bit of this knowledge you now know the importance of copyrighting your music and the ways you can exchange this rights for some monetary value both digitally and off the internet. Understand that these is just a tip of the iceberg of opportunities at your fingertips for maximizing your income off music.