By Ken Consor from the SonicBids Blog.
As streaming has become increasingly important in today’s music market, it is imperative to understand how streams turn into publishing royalties - and of course, how to get those royalties into your wallet.
Let’s divide streaming into two different types: Interactive and Non-Interactive. These are defined by the listener’s ability to choose the songs that play next (ability to ‘interact’ with the streaming service, if you will).1) Non-Interactive Streaming: Definition:
Listeners play music, without the ability to choose the songs that play next.Also Known As:
Pandora, Sirius XM, NPR.Royalties Generated:
Performance royalties. (These are performances like radio, but digital. Thus, terrestrial radio and other radio-like services generate only performance royalties.)How to Collect:
Join a PRO
(ASCAP, BMI, SESAC, SOCAN). PROs are responsible for tracking and collecting performance royalties generated from terrestrial and internet radio.2) Interactive Streaming:Definition:
Interactive streaming services allow listeners to CHOOSE the songs that are played.Also Known As:
Spotify, Rdio, Rhapsody, Google Play, Beats Music.Royalties:
Performance royalties & Mechanical royalties.How to collect:
To collect the performance royalties, you will need to join a PRO. To collect the mechanical royalties, you will need to become a publisher affiliate at Harry Fox Agency (to do so on your own, you must have a commercially distributed record release in the US within the last year). Or, join Harry Fox by joining Songtrust
. You’ll also need to cover international royalties, which you can do by joining Songtrust.
This story appears courtesy of HypeBot.
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