The British Music industry
By jonathan | March 28th, 2008 | Category: featured, legal, tutorials |
Most of us think the music industry is only made up of bands, record companies and venues, however each area of the business is represented and governed by specific organisations that all link together, most of these are royalty collection agencies.
There are two kinds of royalties – mechanical (records pressed or sold) and performance (radio, TV, live, film soundtrack, etc). Royalties exist to afford musicians some money before pure profit has been realised, in other words, they make a little money whilst paying back the record companies advance at the same time.
BPI – British Phonographic Institute
Makes the rules. The watchdog and governing body of the
APU - Anti Piracy Unit
part of the BPI that cracks down on boot legging.
MCPS – Mechanical Copyright Protection Society
Collects royalties from record labels based on the number of records pressed (small independent label) or the number of units sold (major label) and distributes the royalties direct to its members or publishing house if they have one. The MCPS is a non profit organisation.
PRS – Performing Rights Society
Collects royalties from radio and TV play and also live performance and pays it direct to its members (Artists). The PRS is also a non profit organisation.
PPL – Phonographic Performance Limited
Collects royalties from radio play and also live performance and pays it direct to its members (Record Companies).
VPL – Video Performance Limited
Collects royalties from TV play (Music Videos) and pays it direct to its members (Record Companies).
ASCAP - American Society of Composers, Authors & Performers
American royalty collection agency. Collects royalties from radio and TV play and also live performance and pays it direct to its members (
MU – Musicians
A trade organisation for musicians – gives free legal advice & assistance in times of dispute, finds affordable deals for its members for mortgages, insurance, even public liability insurance.
The musicians union is completely ineffective as a union as it cannot ballot its members to strike.
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Jonathan
Great blog. Although my blog deals more with how music promotion compares to making money on the web, I can always appreciate a well post to help musicians because I am one myself
I look forward to more excellent reads.
Cheers!
scott