TuneCore Founder/CEO Jeff Price will be in Toronto for Canadian Music Week 2012! Come by for these 2 events taking place as part of the festival’s Songwriter Summit: Solo Presentation: “How To Get Your Money” When: Saturday, March 24th, 3:30 – 4:20 PM Where: The Fairmont Royal York, Salon A If you have ever written [...]
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In today’s world your songs can generate money and royalties via the traditional “Physical/Analog” music industry or the new “Digital” music industry. There are in fact 13 different and specifics ways that you as a songwriter can make this money off of your songs.
Note – each income stream and type of royalty is generated off the original recording of a song (i.e. the Beatles version of Paul McCartney’s song “Yesterday”) or off of a cover of the song (i.e. if multiple artists cover the song, the song becomes an “x” factor multiplier for revenue). In the case of “Yesterday,” there are over 25,000 covers.
We’ve broken these income types into two categories:
-Physical/Analog Songwriter Royalties and Revenue
-Digital Songwriter Royalties and Revenue
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While the major music companies’ revenue from music sales has gone down, they have a brand new increasing income stream: revenue generated from the sale of other people’s music. In the past five years, hundreds of millions of dollars of songwriter royalties have been generated and never paid to the songwriter, or have been given to Warner Bros, EMI, Universal, Sony and others based on their market share- estimates put this new income at over half a billion dollars.
Once these companies get the money, they keep it and don’t account to anyone.
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Since we announced our royalty dispute with Amazon EU/UK on behalf of TuneCore songwriters, we have received a large number of inquiries from other artists asking whom they can contact directly at Amazon EU/UK to assure that they too will have the required licenses and receive the corresponding royalty payments required by applicable copyright laws (you can read more about those licenses here).
You can contact Amazon EU/UK by writing to: copyright@amazon.com
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It’s difficult for me to write a response to the CEO of the RIAA Mr. Sherman’s NY Times Op-Ed piece “What Wikipedia Won’t Tell You” that is not emotional. What should be a black and white conversation about respecting copyright is mired in the fact that the RIAA’s credibility has eroded as quickly as its control of the music industry.
Or said another way, the RIAA has become part of the problem of protecting copyright due to its occasional less than honest approach to things. You just can’t take what the RIAA says at face value as their agenda is not clear—is it to protect copyright or is it to protect the interests of its label members at any cost?
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The first royalty payments from iMatch are in, and they got me excited – the total amount is over $10,000 for the first two months.
This is magic money that Apple made exist out of thin air for copyright holders.
Let me explain:
iMatch monetizes the existing behavior of the consumer for copyright holders and artists. Consumers don’t need to do anything new—they just need to listen to their pre-existing music.
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