What is a music publisher?
A music publisher is your royalty collector and your copyright administrator.
A publisher exploits your copyrights and collects and pays all your royalties
(except for performance income). It does this by obtaining ownership and
administrative rights to some or all of your copyrights. Thus, a music publisher
is basically a company that takes care of your music business, allowing
you (the song writer/artist) to concentrate on your creative aspirations
and goals. The artist’s strength generally lie in the creative domain,
and the publisher’s specializes is administrating your catalouge,
collecting royalty monies, plugging your songs, making copyright deals and
paying you your royalties from all sources of income.
Are there different types of music publishers?
As with record companies, music publishing companies vary in size and
structure. There are "majors", "mini-majors", and
"independents." The majors include multinational companies like
Warner/Chappel Music, Sony, EMI, MCA Music, etc. The mini-majors are publishers
like Famous, etc. The indies are smaller companies that are individually
owed and operated. Major music publishing houses have several departments
that each help the company acquire and exploit songs, just like the major
record labels.
What can I expect from a music publisher?
When you sign a publishing deal, you assign a music publisher some or
all of your copyrights and/or give them your administration rights. Per
your music publishing agreement, they are granted the right to not only
collect your royalties, but to license and negotiate other income-making
deals on your behalf. They issue mechanical licenses, synchronization
agreements, and are supposed to collect your royalties and/or find users
and consumers for your songs by "plugging" them.
How much do music publishers get paid?
In exchange for a typical co-publishing deal, the music publisher is traditionally
paid 50% of the "publisher’s share" of all royalty Income,
which is income from mechanical and synchronization royalties. For your
performance income, since those monies are collected by PRO’s, music
publisher usually get only 25%. For print music, publishers usually get
20% on the marked retail price, and 10% to 12½ for folios. With
the agreed publisher’s share of your copyright royalties, your income
is used to pay their overhead and operating expenses, (e.g., office, staff,
equipment, supplies, payroll, taxes, insurance, etc.)
What is a publishing agreement?
A "music publishing agreement" is a copyright contact that a
song writer signs with a music publishing company. Per this publishing
agreement, a publisher is assigned certain designated copyrights . In
accordance with the terms of the publishing deal, a music publisher basically
"owns" or "rents" some (or all) of your songs for
a certain period time and in a certain territory, administrating and exploiting
your musical product as much as possible in order to generate more income
for you and them. A music publisher agreement seeks to either assign or
license certain songs to a music publisher to either own and/or administrate
for a designated time and in a specified territory. Thus, a music publishing
agreement is an agreement between a songwriter (who owns the copyright
in songs) and the music publisher (which seeks to own or administrate
the songs.)
What are music royalties?
US copyright law bestows upon songwriters the exclusive right to a limited
duration to exploit copyrights by transferring, lending or even selling
one or all of the five (5) bundles of exclusive copyrights, subject to
certain exceptions and limitations. In return for these licenses, grants,
assignments, and/or sales, the copyright owner receives monetary compensation
called "royalties". Thus, "royalties" are monies earned
from songs and/or sound recordings from various sources.
Are there different types of music royalties?
There are four (4) different types of royalties, each derived from a separate
and distinct copyright. The four potential sources of royalty revenue
in the music recording and publishing industry are:
Mechanical royalties: paid from record companies for record sold
based on the exclusive to reproduce and distribute copyrighted works.
Public performance royalties: paid by music users for songs in the
operation of their businesses and broadcasts based on the exclusive
right to perform publicly copyrighted works.
Synchronization fees: paid by music users for synchronizing music
with their visual images based on the exclusive right to reproduce and
distribute copyrighted works and to prepare derivative works of copyrighted
material.
Print music income: paid by music printers for sheet music and folios
based on the exclusive right to distribute copies of copyrighted material.
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