March continues to bring interesting news and updates in The Biz.  Check out these 3 articles

– expand your knowledge, have fun, and most of all keep being your best creative self!  We’re

here to help so drop us a line with questions and comments – [email protected]

Happy St. Patrick’s Day!

Do you know how “When Irish Eyes are Smiling” came to be?  Check

out this info from American Songwriter about the popular song:

110 Years of When Irish Eyes are Smiling

From Symphonic Blog

Financing Your Music Business

Being an independent artist means you’re the one orchestrating your career on your own

terms, exactly how you want to. A big part of that means paying for everything with your own

money. Luckily, financing your career doesn’t have to be a solo mission. You can secure

funding from many different avenues, including through programs with distributors like us.

Here’s the rundown…

 

We’ve seen first hand how hard it is to juggle financial instability and follow your dreams

simultaneously. Trust me, as a company who works with independent artists every day, we get

it. The truth of the matter is, you need that funding to make your dreams a reality. With it, you

can market more aggressively, compensate collaborators, run advertising campaigns and

physical promotions, access touring support, and so much more.

Typically, this extra funding can come in the form of advancesContrary to popular belief, an

advance is not free money. — These types of deals usually have strings attached and can even

be detrimental to your professional career as a musician AND your long term financial stability

if you don’t know what you’re signing up for.

So, what can you do?

That’s where financing comes in handy.

What Kind Of Financing Is Right For You?

 

For example, Symphonic has partnerships with several funding solutions to help artists

advance in their careers while retaining their ownership. With this type of independent

funding, you get to retain the rights to your music while getting the upfront cash you need.

Even better, our program is structured so that you continue to receive income — no 100%

recoupment, as is typical in the industry.

We had a whole Q&A with some of the pros in this business back when we did our Virtual

Music Industry Sessions. In the meantime, check it out below to learn more…

About Symphonic’s Funding Service

 

Symphonic issues advances directly for artists and labels that qualify via the application

process. Additionally, we are partnered with chordCash and Sound Royalties to give

our clients even more funding options. You get to retain the rights to your music while getting

 

the upfront cash you need. Even better, our program is structured so that you continue to

 

receive income — no 100% recoupment, as is typical in the industry.

 

Our service is only available for Symphonic clients. — If that’s you, click here to check it out.

If you aren’t a Symphonic client, companies like Indify and Cash App’s Cash App Studios all

offer funding services just like this.

In Conclusion…

Your music is your business! With more money to fund it, you can afford to put more into your

efforts and see better results in the long run. Luckily, you don’t have to do it alone. Whether

you decide to get funding through us or somewhere else, it could make the difference

between funding that killer advertising campaign or going without it.

You got this!

From Music Business Worldwide

Sync Your Music Like a Tiger

 

Sync your music to new libraries

Sync licensing allows music to be available for usage in visual media. For music often left on

the shelf or on streaming platforms, sync licensing can pay depending on the form of media,

tens to tens of thousands per license, often much more than a track will get in its lifetime.

China often leads the way in technology, and with Metaverse breaking through to our daily

news, it goes to show how social interaction is influenced by our media and technology.

Metaverse is a whole new world for music to color our visual experiences with sound.

Trends in Chinese social media show that screen time is occupied by high profile virtual female

influencers. Virtual influencers are just one new element that attracts new audiences.

 

Chinese cinematic productions get global acclaim

Cinema productions from China keep gaining acclaim in the Global Market and China remains

the world’s largest film market. Globally the second highest grossing movie for 2021 was

Chinese produced Battle At Lake Changjin, following just behind Spiderman’s: No Way Home.

Movie names like, Eat Man Drink Woman or Crouching Tiger Hidden Dragon unravel stories

that are deep and filled with culture and human experience, often in worlds where imagination

colors the story making a truly memorable experience.

Have you ever listened to a movie with no music? How does music color our visual experiences

with sound? Well musicians and composers either make music for the movie or visual

productions select music from a library of music.

Short video phenomenon

 

China’s TikTok aka. Douyin is still the most downloaded app in China with already over 600

million daily active users, the one billion mark is soon to come. Streaming music is the go-to

home music library for music listeners of today. Video platforms are the radio channels of

today, where listeners get their first taste of new songs, impressing a lasting audio visual

memory.

It may be time to consider the options and that the virtual audio visual landscape is changing

rapidly and the way in which listeners are exposed to music are more mobile and fleeting.

Stand your ground and make your move.

China is in the spotlight and history is being made. Copyright is safe, there are more strong

female roles in Cinema and TV, and medal contenders in the Beijing winter Olympics

impressing critics and audiences all over the world.

Make your mark in China and have your music distributed and sync-licensed to China. Be the

future.

 

 

By Infinite Catalog and posted on A2IM.

Who we are

Royalties are a challenge for both sides of the split, so a label and an artist teamed up to create Infinite Catalog, a royalty accounting software + service that makes the process easier for catalogs and more transparent for creators.

Record labels, publishers, managers, and creator businesses of all shapes and sizes use our tools + expertise to simplify royalties so they can grow their catalogs, keep everyone in the loop, and get everybody paid.

How we’re different

If you’ve ever done royalties in spreadsheets (or with another royalty software) you know there’s a lot of room for improvement… here’s how we’re making our catalogs’ (and their creators’ (and their creators’ business managers’)) lives better:

  • Account for Anything – Manage digital, physical, publishing, merch, rights, or any kind of income, expense, or advance, all in one place. It doesn’t even have to be music.
  • Built for Building – Do more deals, add new income sources, create more opportunity. Keep up with the changing landscape – without creating new accounting headaches.
  • Catalog Services – Dedicated and experienced royalty accountants to help you onboard, customize, and automate your accounting to the fullest extent possible – at no extra cost.
  • Data for All – Creators get access to balances, statements, and all the data that goes into them, plus the tools to analyze it all themselves. It’s their data too!
  • Priced for Everyone – Every catalog gets every feature, creator access, and unlimited everything – with no per-user fees.
  • Ledgers – Track multiple & distinct balances for the same payee – all on the same statement.
  • Profits, Shared – No accounting skills required. Easy for catalogs, easy for creators.
  • Contracts, Simplified – Just add Payees, Splits, and optional Ledgers.
  • Quick Setup – Automatically map your catalog from Spotify, and create new Artists, Releases and Contracts in seconds.
  • Metadata, Sorted – Match variations once and you’re done.
  • Mechanicals, Reserves, and PPD – Flexible tools to automate, calculate and account in whatever way you need, in just a few clicks.

WHY ARE HEDGE FUNDS URGING SONGWRITERS TO

SELL THEIR CATALOGS RIGHT NOW? THINK ABOUT IT

The following MBW op/ed comes from Randall Wixen (pictured), the founder and CEO of Wixen Music Publishing. Family-run Wixen offers publishing administration and royalty services to over 2,000 clients, including stellar songwriters (and/or their estates) such as Tom Petty, Missy Elliott, The Doors and The Black Keys.


I bet you never had a songwriter tell you that selling her songs was the best thing she ever did. It’s pretty much always been a mistake to do so – and it is no different now.

Even writers who sold their songs only five or ten years ago are realizing that they could have done the same today and earned at least twice as much as they did then.

The media is reporting that the multiples being offered for catalogs today are at historic highs. That is definitely true, but it doesn’t mean that these historic highs accurately reflect the true value of these song catalogs.

Just because you pay $10,000 over sticker for a Kia Rio at your local dealer doesn’t mean that’s a fair price for that car. And, unfortunately, there may be some folks who stand to benefit if they can find a way to tempt you into selling your music catalog.

The biggest music catalog sales prices being widely reported today are usually given as anonymous estimates. Exactly who is making up these estimates – and why?

I’ve been privy to a few of these actual marquee sales agreements, and I have to say that all the prices I’ve seen have been a lot smaller than the unattributed estimates making splashy headlines in the financial pages.

Well, companies like JP Morgan, BlackRock and Oaktree Capital are smart investors and they think music catalogs are undervalued. For them, a 20-times multiple paid on a great music catalog represents a safe 5% return on investment.

Additionally, there is likely to be a huge amount of previously earned income to be uncovered by these investors, due to these catalogs’ current owners being held up for various reasons. This will constitute a windfall benefit – one the seller will miss out on – that could pump up that 5% return dramatically.

And the potential windfalls for the buyer – not the seller – don’t stop there:

  • We’ve already discovered $424 million in previously unpaid publishing money that the streaming services were unable (how hard did they look?) to give to the correct publishers. This money will now get paid out through a “claiming portal” run by the MLC (Mechanical Licensing Collective). Owners of catalogs will get this money; those who’ve sold will not.                                                                                                                
  • The Music Modernization Act of 2018 will change how the two main US performing rights organizations – ASCAP and BMI – operate under consent decrees for antitrust purposes. ASCAP and BMI will now have the rates they receive from broadcasters determined by a rotating panel of judges. It is expected that each of their payouts will go up significantly in a less handcuffed, free-market environment.
  • At the beginning of 2018, the Copyright Royalty Board rate setting hearing (CRB Phonorecords 3, covering rates from 2018 through 2022) awarded publishers a 44% increase in streaming royalties.           
  • Companies like Spotify appealed that increase and the increase is still on remand from the appeal four years later. If some or all of the 44% award is sustained on appeal, there will be a huge retroactive windfall payment to publishers for the differential increase that was not paid while the appeal was pending.

  • Further (and ridiculously), the next CRB rate setting tribunal (CRB Phonorecords 4, covering rates from 2023 through 2027) is already under way even though the prior CRB ruling is still on appeal. This tribunal could well result in another improvement in royalty rates paid to publishers and songwriters.

Catalog buyers are aggregating their catalog purchases and counting the minutes until the aforementioned windfalls become real.

They might protest otherwise, but the guys who run these funds don’t really care about your legacy. Almost all of them are handing their purchased catalogs to third party administrators who handle millions of songs and who probably don’t know who you are or what your song is worth.

Read full article here: