Join Richard Stim for an in-depth discussion in this video Affiliating with collection organizations, part of Music Law: Managing a Band's Business.
- The two music copyrights,…song copyrights and recording copyrights…earn money in different ways.…In the US, only songwriters, or song owners,…not sound recording owners,…earn income from over-the-air radio play…when the recording is played by an AM or FM station…or from concerts and related plays.…However, both songwriters and sound recording owners…are entitled to payments from play via digital transmission…such as Pandora, Spotify, Live365…and Sirius XM radio.…
SoundExchange is the company designated…to collect these payments and to pay the sound recordng…copyright owner, usually your band or record company.…Before you band fills out the online SoundExchange paperwork…you may want to find out whether SoundExchange has logged…any action for your band's recordings…by checking their list of unregistered artists.…If your band does not appear, there's no immediate rush…to register as no money is currently waiting for you.…
If your band's name appears or if you just want to sign up…complete the online application.…
It starts with what it means to be the manager of a band, and what types of business structures are available for bands. Once you've decided on a business structure, you can create a band partnership agreement that covers voting rights, postbreakup scenarios, new members, and terms for resolving disputes. Richard also exposes potential sources of disputes, like ownership of the band name, songs, equipment, and recordings. He includes advice on negotiating solid band contracts and managing financial basics: taxes, income, cash flow, and bookkeeping. Finally, he'll address how to protect your work, including your copyrights, band name, and songs, and explains how to find a lawyer—and save money on attorney fees.
DISCLAIMER: This course is taught by an attorney (or other instructor) and addresses US law concepts that may not apply in all countries. Neither LinkedIn (including Lynda.com) nor the instructor represents you and they are not giving legal advice. The information conveyed through this course is akin to a college or law school course; it is not intended to give legal advice, but instead to communicate information to help viewers understand the basics of the topic presented. The views (and legal interpretations) presented in this course do not necessarily represent the views of LinkedIn or Lynda.com.
- Putting together a band partnership agreement
- Working out ownership disputes
- Limiting band liability
- Protecting your copyrights and band name
- Hiring a lawyer