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I remember when I first starting thinking I might want to be
a songwriter beyond what I wrote for myself I started researching publishing. I
had some knowledge about publishing because I grew up fascinated by the music
industry. I used to read all “Thank Yous” in the CD jackets. I kept seeing
ASCAP and wondered what it was. I learned if I want my money I have to have my
publishing in order. So that is what I’m working on right now.
If you spend a lot of time crafting the perfect lyrics and
recording your music professionally you most definitely do not want some random
guy to take claim of your projects. Many try to prevent this using the poor
man’s method. What that does not take into account is how you will get paid for
your music. Even if no one else takes credit you are not getting credit for your music. This means no
royalties. Are you trying to work
for free? I didn’t think so.
If you pay for studio time do not cut corners after the song
is done. Get your publishing together. You will need to register as a
songwriter with ASCAP, BMI, or SESAC, collectively known as The PROs. It is the job of The PROs to monitor
your royalties and make sure you are paid. These royalties come from radio
play, public performances, digital downloads, record sales, streaming, and
movie and television licensing.
Another added benefit of joining one of The PROs is they
have events which are great networking opportunities. If you are publishing
your own music this is a great time to introduce others to your music.
But what if I’m not playing on the radio or television? You
will still need to get your music copyrighted. Check out www.copyright.gov/eco for more
information on which forms you need.
If you wish to publish your music you will need to decide
whether or not you want to publish under another publishing agency or if you
will create your own publishing company. There are pros and cons to each one.
Consider if you want the responsibility of find the artists yourself or if you
want someone else to plug your songs for you. How does the thought of sharing
your royalties sit with you?
Okay, so you have decided you want to start your own
publishing company. You will need to come up with some wonderful names for your
business, file some paperwork, and start plugging. For more information on all
that is required see www.songwriter101.com
and Music Publisher Association www.mpa.org.
Make sure you file with your local government as a business. Keep copies of all
your paperwork in a safe place.
You will need them come tax time.
Make sure when creating your band’s business plan you factor
in the funds you will need for fees.
Each agency has different rates and payment plans. The amount of money you will spend on
publishing is nothing compared to the loss you might feel if you don’t
copyright the right way.
If you are signed up with a PRO, which one is it and what made you decide on that one? What are your experiences?
Much love,
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