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Music is a big part of civilization. Centuries have passed, but the music has survived and even reached greater heights every decade. In fact, the demand for music has grown very steadily over the past 10 years and will continue to do so for the foreseeable future. This comes with the significant revenue that the music industry is currently getting year after year. It’s an unstoppable force as people are always looking for the next great artist around, continuing the cycle and relevance of music. Demand for music content is at an all time high. Global music revenues since the turn of the century have been stable. Money is measured in billions.

As technology developed, music became more technical, complex and in demand. Others take credit for using music they don’t own. These days, independent musicians are well aware of the protection of their work for legal purposes. With the music license, you can rest assured that your asset / work is legally protected.

What is the music license? Music license is the license used for music protected by copyright. This allows the owner of the music to retain the copyright to their original work. It also guarantees that the owner of the musical work will be compensated if his music is used by others. Music licensing companies have limited rights to use the work without separate agreements. In the field of music licensing, you can get a license for your work in the form of music, songwriting and songwriting.

During the music licensing process, there are conditions that would be discussed by the groups involved. If you are an independent musician, you would be the licensor. You are solely responsible for the music created, so you are the copyright owner of the licensed work. A licensee would be the music licensing company, as they would be the one distributing your work to other industries. They will also collect the royalties as they redistribute them to you if your music is included in live performances, TV shows, commercials, campaigns, video games, etc.

There are also two types of music license agreements namely exclusive contract and non-exclusive contract. Exclusive contract means having your work licensed exclusively to a single music licensing company. Only one company is authorized to distribute and market your work. If you have signed an exclusivity agreement for your song or album, you cannot use the same music content and have it signed by other music licensing companies. The agreement is exclusive and confidential to the grantor and the licensee.

A non-exclusive contract allows a second party to distribute your work and does not prohibit the licensor from selling its music to other music licensing companies or licensees. An independent musician can sign a non-exclusive contract with several companies using the same musical content. Non-exclusive contracts are typically used to prevent an individual from being locked into a restrictive contract before their work gains popularity. This type of contract is designed to prevent musical artists from being exploited at the start of their respective careers while being in the process of releasing their music to a wider audience.

There are also cases involving direct payment for the music content used. This is called the synchronization fee. Sync Fee is a license granted by the owner of copyrighted music to allow a licensee to sync the music with visual media such as commercials, movies, TV shows, movie trailers, video games, etc. For example, a video producer urgently needs music content for a certain project and is in a limited time to find one.

In these cases, the artist and the music licensing company will be contacted directly for the possible use of the original work and will negotiate the upfront payment involved. Synchronization costs can range from a few dollars to a few hundred dollars or up to thousands. Payment usually depends on the size and start of a business. If it is a well-known company, the sync fee is likely to increase in value.

We need to understand that companies are paying premiums for music today at an all time high. The influx and income generated by different industries is worth billions of dollars and the music artists who have obtained their music license will receive a large share of this money. The content of the music is very important. Every business needs visual and audio content. You can’t do commercials, shows, and movies without having music content.

The music license provides compensation for the assets used. These are called royalties. A royalty is the payment collected by one party from another for the continued use of a copyrighted asset. You can get paid if your work is featured on live public performances. For each live use of your music, you get paid because you own the copyright to your work.

The American Society of Composers, Authors and Publishers (ASCAP) collected more than $ 941 million in license fees and distributed $ 827.7 million in royalties to its members in 2014. BMI, by contrast, raised more than 1.013 billion dollars in license fees and distributed more than 877 million dollars in royalties to its members during the year 2015.

Music licenses are the modern way to earn money with music. In recent years, physical sales had declined. Streaming music has taken over because it is more convenient and convenient with the help of the World Wide Web. With the increase in streaming sales, the numbers that could be collected as royalties could climb in the years to come. In fact, as reported in an Australian financial review website, streaming generated $ 2.5 billion in music sales in the United States last year, surpassing digital downloads as the biggest source of music revenue. Of the industry. As shown in the image below, global music streaming is expected to reach greater heights in terms of revenue in the coming years.

The Internet has greatly contributed to the boom in music licensing and streaming. 20 years ago, music distribution wasn’t really that great. TV shows and filmmakers are the two main industries that need music content. Today more and more TV shows, movies, commercials, movies, commercials, and tons of video games require music content. It is safe to say that the internet has opened the public’s eyes to the opportunities that lie behind it.

One of the most visited sites in the world is YouTube. People use, duplicate, rework, copy, revise and perform the music of different artists around the world. It also has an influx of ads containing music content. To track all this data, YouTube has a content identification system. If your music is licensed, you can contact this site and they will look at their data and see if your work is being used by other parties. As a licensor, you have the power to take actions such as mute the sound that matches your music, prevent an entire video from being viewed, track the video’s audience statistics, or monetize the video by streaming. ads. Each country has different rules on this. But YouTube runs a lot of ads, and monetization work from this site is very likely.

If you are a freelance musician, you need to improve yourself and instill professionalism in your craft to increase your chances of being signed by a music licensing company. With billions of dollars in revenue involved today, you want at least a piece of the pie. Monetizing your passion is never easy, but taking the necessary steps to make it work is essential for success.

I can give you more information about music licenses and the secrets behind them. Visit my site, http://silverscreenmusician.com and I guarantee you will be one step ahead of others with all the information I share with you. We’ll see each other there!

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Source by Kenneth Pantig