The importance of collection societies & potential revenue income streams.

This post gives you an overview of the music collection agencies worldwide.

PRS

- Pay royalties to members when their work is performed, broadcast, streamed, downloaded, reproduced, played in public or used in film and TV. They will collect my royalties through licensing agreements with music users.

 – from: www.prsformusic.com

MCPS - MCPS pay me royalties when my music is:

• copied as physical products, such as CDs and DVDs
• streamed or downloaded
• used in TV, film or radio

PPL Phonographic Performance Limited –  Administrate royalties due to me from records. PPL is the UK’s music licensing company for over 110,000 performers and recording rights-holders. We have been licensing the use of recorded music in the UK since 1934.

 

BMI (USA) is now the largest music rights organisation in the U.S. and is the bridge between songwriters and the businesses and organisations that want to play their music publicly.

ASCAP (USA) is a membership association of more than 735,000 songwriters, composers and music publishers. ASCAP license over 11.5 million ASCAP songs and scores to the businesses that play them publicly, then send the money to our members as royalties.

 

SESAC (USA) works a little like an intermediary for the artists it serves. The artists form an agreement with SESAC, and the organization enforces copyright on the artists' behalf. Money brought in is distributed to the artists.

New Developments:

PPL PRS Ltd is a new company, equally owned by PPL and PRS for Music. It has been created to provide customers with a streamlined music licensing service – TheMusicLicence – with a single point of contact to make it easier to legally play and perform music in public.

Previously, businesses and organisations would have had to purchase two separate licences from PPL and PRS for Music instead.

British PRS, Swedish STIM and German GEMA established ICE Services as a European supplier of royalties administration services to collecting societies in 2015. This means they are technically outsourcing some back-office functions, while still managing them in a collecting society environment according to: https://www.musicbusinessworldwide.com/the-future-of-digital-performance-rights-management/

Robin Dymond

Blockchain Technology – This technology allows for total transparency in regard to the processing and payment of royalties from my songs etc. Once the application of this technology is used by the major players (eg. Spotify, EMI, iTunes etc) this technology could potentially revolutionise the industry in my and other artists favour.

Revenue Plan

For a singer songwriter producer my main sources of income will come from:

·      Streaming – Currently the fastest growing source and expected to increase as the technology advances and spreads worldwide, my music will be streaming on - Spotify, Emanate, Ditto

·      Performing – PRS Who have agreements with collection agencies worldwide ensuring my royalties due from touring

·      Licensing – PPL PRS

·      Physical products CD’s, vinyl – MCPS

·      Synching – PRS

·      Funding - If my projects fit he criteria for funding

·       Arts Council England - Get advice on applying for this type of funding from experts.

·      DTI (Music Export Growth Scheme) (MEGS), which is managed on their behalf by the BPI,

·      International Showcase Fund (managed by PRS for Music Foundation) SXSW − CMJ − MIDEM