Music and Society
Music is highly prevalent in society, and the demand continues to increase as we speak. The revenue for many global music companies has been consistent. Once you become successful, the returns normally have an estimation of millions or even billions.
Due to technical improvements, anyone can publish a song out on the internet and highly visited websites such as YouTube and Facebook. Once it’s open to a mass of audience, someone can simply take the credit for your music unless it is licensed. Eventually, musicians will need to know how to license their music to prevent further theft and duplication.
How it works
What does license music means and how does it work? Music licensing is for legally protecting your music for copyright. Therefore it helps musicians to own a copyright for their music. If anyone tries to claim your music, then you have the right for compensation. Licensing has three divisions; you can either license the composition, the songwriting or both.
Licensor and a Licensee
A soloist is what we call the ‘licensor’, and the firms are the ‘licensee‘. The licensor is responsible for the original music whereas the licensee will be the one to issue and spread the work into the media. Any royalty fees from advertisements remain in possession of the licensor.
Types of License
There are also two types of contracts, an exclusive and non-exclusive agreement. An exclusive deal offers you a license to a single song for only one company. A non-exclusive agreement is the opposite meaning the Licensor can authorise their music to many other businesses.
There are so much more to licensing than you think, it involves other things like sync fees, sales and more. So do a thorough research before you apply as this will help you know your rights and how to use them.