Music Business 102 - Mechanical Royalties and Licensing

Make money from your music! This course teaches you about the different “Income Streams” that’ll transform your inspiration into capitalization! Yes, the music business is complicated, and that’s why so many musicians are unsuspectedly ripped off by the savvy executives that control the industry. But thankfully there’s a remedy. It’s called education! Because even though your music rights are protected by federal law, it’s up to you to understand the law and the different ways you can monetize your music to take advantage of those federal rights! In this second course in our Music Business series, Dr. Paul Bissell teaches us about the financial firepower waiting to be unleashed by simply knowing about Mechanical Royalties and Licensing. You’ll understand the all important facts and implications of getting a royalty deal or getting a flat fee for your hard work! You’ll learn about the Four Income Streams and how they are collected and divided between between the artist, composer and publisher. From there Dr. Paul plows into the power of publishing. He explains the differences between being your own publisher and/or landing a publishing deal so you can decide what path works best for you. Next you learn about Advance and Recoupment and all the different kinds of royalty deals that can be constructed in this crazy business! So whether you’re a songwriter, recording artist, game music composer, film composer or even a bandmate, this course will help you make better deals to ensure that the music you create (or collaborate on) will reward you and your family with royalty income for years to come! Table of contents: 1. Introduction 2. Royalty vs. Fee 3. The Four Streams 4. Income Performance and Sync 5. Print Publication & Sheet Music 6. Other Variations and Grand Rights 7. Writer, Publisher & Artist 8. Blurring the Lines 9. Band Publishing 10. Ownership Administration 11. Back to Mechanicals 12. Mechanical Negotiation 13. The Harry Fox Agency 14. Co-Publishing 15. Sub-Publishing 16. Third Party Publishers 17. The Advance 18. Recoupment at 50-50 19. 80-20 Recoupment Scenario 20. Who Pays? 21. The Controlled Composition Clause 22. CCC and Third Parties 23. The 360 Deal 24. Cross Collateralization 25. Cross with 360 Deal