In part 2 of this blog series, let's discuss how you can get paid if you maintain the ownership of your publishing. Everyone likes to get paid, right? I know I do!
That is why publishing is one of the most valuable assets to a producer, songwriter or composer. The ownership of this will allow you many different streams of revenue for years to come. One of the most popular ways to get paid is via ASCAP,SEASAC or BMI. These are called performance rights societies and they collect money on your behalf every time your song is gets a spin on broadcast radio, tv or cable. In order to receive this money though, you must sign up with either of the three as a publisher member or a writer member.
A publisher member is the entity that owns the rights to the composition or lyrics within the song. A writer member is the author or creator of the lyrics or the music. If you own your rights and you are the creator you can sign up as both and get paid twice!
If you have signed over your publishing rights to another company, you can only sign up as a writer member. That is why it is valuable to hold on to ownership of your publishing, unless a big publishing company is gonna offer you some big bucks or some other incentive to give it up.
Sometimes, this can work to your benefit if a big publisher wants to sign you, because they will actually work to get your songs placed with artists, which is what a publisher's job is. But, a lot of publishers, just want to take the money and they do nothing for you in return. So you must be careful. There many other ways to get paid from publishing besides the ones mentioned above. In the next part, I will go deeper into that. Stay tuned…
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I am a total music fan and enjoy working in the studio. To know me is to know music.