How To Collect Music Royalties
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- čas přidán 12. 07. 2024
- More than $2 billion in music royalties is currently unclaimed by artists, songwriters and performers.
In this video I detail the different types of royalties that will make your music career a financial success.
Here's how you can get paid the money that you are rightfully owed for your hard work and artistry.
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00:00 - Intro
00:36 - Types of Music Royalties
02:10 - Aggregators
02:58 - Performing Rights Organization (PRO)
04:52 - Sync Licensing
05:58 - Digital
07:19 - Next Steps
08:15 - Conclusion
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Serious? Let's go.
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Hey! I'm Damian Keyes and I've worked with musicians every day of my life for the past 20 years. The internet is de ply untrusting understandably and here is my background so you can have the full picture.
When I was 18, I was signed to a major label and at 23 I co-founded a Music University in Europe called BIMM (valued at $300M). I'm also a bass player, I've played for a number of artists including Eric Clapton, Alanis Morrisette and Billy Cobham. I initially retired at 30, but realised that life gets boring if you're not building!
I have always been in-between the music industry and education which is how I ended up building my CZcams channel - I've been teaching artists how to release music long before it was a 'niche'! I now educate artists around the world with my Academy, CZcams channel and Social Agency.
It's great to meet you and looking forward to working together on your music!
I can't stress this enough: Performance royalties and mechanical royalties are ONLY on the songwriting side. If you don't have a share in writing the song, you don't get these.
Very good point! 🙂🙂
When you say "writing" does that also include producing/composing?
@@gamevies9254 Writing lyrics & composing music. The term "producer" can mean many things. If that person contributed to the lyrics or composition, which may include providing the beat, then yes. It's whatever the songwriters collectively agree to. Some producers get writing credits, some do not.
@@AdeleMcAlear ah that makes sense. Thank you for taking the time to respond.
@@gamevies9254 You're welcome. Happy to help.
Nice one, thanks Damian 🙂
Thanks for the reminders and explanations of each of these Damian!
Thanks Nate! Appreciate you 🙂🙂
🙌🏼 thank you so much for this!!!
Really appreciate this, thank you so much 😊😊
You are a hero Damian!
I really appreciate that, thank you so much 😊😊
Thank you !
Thanks Juanito, appreciate you 🙂🙂
You’re royalty too Damian! Thanks for this. 😊😌
I really appreciate that a lot a lot! Thank you so much 🙂🙂
Hi from France! Your videos are a gold mine full of enlightening advices, merci beaucoup Damian!
Hey, I LOVE France! Thank you so much, maybe we will meet in Paris! Je t'apprécie 😊😊
@@DamianKeyes merci Damian !!
yuge, thank you DK
Thanks for everything you do, from sunny Brighton ;-)
Aww I miss Brighton! Love the atmosphere and the food, the great Sunday roasts (Brighton does a banging Sunday Roast) and the people!
Hope you are loving it! Appreciate you 🙂🙂
30 years later, still loving it and the open minded attitudes. Roast a plenty :-)
Thank you
Appreciate you dude, thank you 🙂🙂
I wonder how this applies to the covers
Ty for an extremely clear explanation and a reminder
Covers are spilt 50/50
I love your videos. I need your help man I have a song coming May 17th I’d love to get help from you. Hope you read this ❤
Here in Malaysia, where have our local PRO which is MACP. I made a video of the subject in the local language.
Great info !! Any recommendations for sync licensing agencies?
Hi Rochelle, There are a lot of them depending on several factors and some might be better for you than others. One thing I would recommend is if you feel a publishing deal might be within reach due to your music you could hire a music industry lawyer to pitch for you. I have helped several artists get publishing deals through different music industry lawyers. Just something to think about 🙂🙂
@@DamianKeyes thank u for taking the time to respond, I do feel I am within reach of a publishing deal ... some of my songs have been shortlisted for Grammy nominations in multiple categories, so someone must like it haha but I don't know any music layers in the US (Dean Marsh was my guy in London / Brighton) so maybe we can email or something?!
This is a great video. Thank you!
Thank you so much! Appreciate you 😊😊
Hi Damian. Interested to hear your thoughts on this. Writing from NEW ZEALAND 🇳🇿. The PRO for recordings here has been set up by the major labels. All of the major labels are the directors of the company so of course make the significant decisions on how the company operates.
The word "joining" a PRO is a bit misleading in my opinion. When a rightsholder joins a PRO they are giving that PRO not just the right to collect royalties but also the right to decide what they charge out for use of your music and also what royalty you are owed.
What are your thoughts on the fact that most/if not all of the contracts are non negotiable and that they are the only entry point for artists to the public performance royalty market?
Hi to New Zealand, we work with an artist called Kaylee Bell from NZ, she is such an awesome person!
Pro’s are their own gatekeepers which I think will change or evolve with the growth of Ai and block chain technology. For now I’d say they are (my opinion is based on U.K. and US predominantly) Doing their best and there are defo bigger concerns in the industry when it comes to sharks and scams.
I saw an artist sign a 70/30 publishing deal recently where the publisher took 70! Insane!
Yes I have heard her music she seems to be doing really well.70/30 is shocking. But to be honest, where an artist makes a stupid decision like that I can't help but think its in some ways it is there own fault.
In my opinion based on the Au NZ market and actually more the NZ market, the PRO is shocking they act like dictators telling you what your owed and when they will pay it. The difference here is that unlike making a bad business decision as your 30/70 example shows, with PRO's there are no other way to enter the market so creators are forced to take this path.
I've been going directly to music users who I have heard playing my songs in public and finding whether or not I am signed to the PROS, those businesses are never the less paying the PRO for my music. It is all over the PRO website that they "represent" all artists and technically this is not true.
A survey my.comoany did for NZ artist showed me that 50% were not with the PROs. In my opinion these artists are essentially having thier copyrights breached. My intention is to establish a new PRO for a small section of independent artists but pay fixed predictable anual license fees to those artists instead of random unpredictable payments.
Currently going through the judicial system on this as my own song My Salvation was played on rotation at a bank in NZ a year after I canceled with my PRO. Despite this they paid a license to PRO.
Would be quite interested to catch you if you'd be interested to have a chat about this.
You get mechanicals if you go direct to consumer ? How does that work ?
I'm signed up with Stim. Do I also need to sign up with PRS and BMI for collecting royalties from abroad?
No you’re all good with Stim they will do the job for all PRO’s 😊😊
@@DamianKeyes Thank you 😊🙏
Does my distributor collect both recording revenues (not mechanicals) and publishing mechanical royalties for streaming services (spotify, apple, amazon, etc)? Do I need to register with Songtrust bc my distributor does not collect the publishing side mechanical royalties?
There is quite a lot in this as it also depends on who your aggregator is and where your music is etc.
In general I would sign up for the PRO in your country, and look into Songtrust. Your aggregator should do most of everything else unless you have a publishing deal
@@DamianKeyes Gotcha Damian, really appreciate the reply and the informative videos you post
Am in brazil with over 50 million streams on all DSP with over 300 songs,haven't gotten a cent
WHAT! I'd love to hear more, are you signed to a label who take everything? This feels wrong
@@DamianKeyes Am independent and ignorant of the music business,90% of what I know,I learnt from your channel,not signed to any PRO or label,but recently got an email from my distributor saying that my music has started earning and that tiktok want to sign a blanket deal,which I did,still aint got a cent.
what if I am the writer, producer, performing artist of every song I have out?
Then yuh paid
That’s a great position to be in! My advice keep building your library and make sure you have signed up for all royalty collections 😊😊
Hey Damian! Are you open to chats over Instagram? Been watching you for years---thanks for doing what you do.
Absolutely I do get a lot of messages (and spam) so if I don’t get back to you, bump it up after a few days 😊