Music is really a big section of civilization. Centuries had passed but music survived and even grew to greater heights each decade. As a matter of fact, the demand of music has been rising very steadily in the past 10 years and it'll continue that way in the foreseeable future. It comes combined with big level of revenue the music industry is getting year after year. It is an unstoppable force as people always research for the next great artist nearby, thus continuing the cycle and the relevance of music. The demand of music content reaches an all time high. The global music revenue considering that the turn of the century has been steady. The currency is measured in billions.
While the technology grew, music got more technical, complex and in demand. Others take credit for using music they don't really own. Nowadays, independent musicians are well conscious of protecting their work for legal purposes. Through music licensing, you can be ensured of your asset/work being protected legally.
What's music licensing? Music licensing is the licensed useful for copyrighted music. This permits the master of the music to keep the copyright of their original work. Additionally it ensures the master of the musical work to be compensated if their music is being utilized by others. The music licensing companies has limited rights to use the work without separate agreements. In music licensing, you have access to work licensed in the proper execution of music, composition and songwriting.
Through the music licensing process, you will find terms that might be discussed by the groups involved. If you should be an unbiased musician, you will be the licensor. You are usually the one responsible of the music created, thus you're the copyright owner of the licensed work. A licensee will be the music licensing company while they will be the person who will distribute work to other industries. They'll also collect the royalty fees as distribute them back if your music is contained in live performances, TV shows, ads, campaigns, video gaming, etc.
There's also two kinds of contracts in music licensing, namely exclusive contract and non-exclusive contract. Exclusive contract means having work licensed exclusively to a single music licensing company. Merely a single company has got the authority to distribute and market your work. In the event that you signed an exclusive contract to your song or album, you can't use the same music contents and obtain it signed by other music licensing companies. The agreement is exclusive and confidential to the licensor and the licensee. Official Website
Non-exclusive contract allows a second party to distribute work and it doesn't prohibit the licensor to offer their music to other music licensing companies or licensees. An unbiased musician can sign a non-exclusive contract to multiple companies utilizing the same music content. Non-exclusive contracts are generally used to prevent a person from being locked right into a restrictive contract before their work gains popularity. This sort of contract is designed to protect music artists from being cheated in the early stages of their respective careers while on the method to getting their music out to larger audiences.
There's also cases which involves direct payment for used music content. That is called Sync Fees. Sync fee is really a license granted with a holder of a copyrighted music to permit a licensee to synchronize music with visual media such as ads, films, TV shows, movie trailers, video gaming, etc. For example, a video producer is in dire need of music content for a particular project and is in a small time of finding one.
In these cases, the artist and the music licensing company will be contacted directly for the possible use of the original work and negotiate the upfront payment involved. Sync fees can range between several dollars to a couple of hundred dollars or as much as thousands. The payment usually depends on how large and established an organization is. If it's a well known company, there's a probability that the sync fee will spike up in value.
We have to understand that businesses nowadays are paying premium for music at an all time high. The influx and revenue generated on different industries are worth billions of dollars and the music artists who got their music licensed will receive a big share of this money. The content of music is quite important. Every single company need visual and audio content. You can't do ads, shows and movies without having any music content. Check This Site
Music licensing brings compensation for assets used. That is called royalty fees. A royalty fee is the payment collected by one party from another for the ongoing use of a copyrighted asset. You can get compensated if work is featured on live public performances. For each and every live use of your music, you receive compensated as you own the copyright of your work.