VOCABULARY | PUBLISHING | Publishing deals and who gets the copyright?! | VOCABULARY PART TWO |
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A word, name, symbol, or design used by a person or entity to identify his or her product from other goods or products.
Trademark
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What is Publishing?
The business of exploiting copyright
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What is the traditional publishing deal?
100% of the c goes to the publisher and songwriter makes 50 cents and publisher makes 50 cents.
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What is reversion
Copyright return 36 years after deal signed or negotiated in the deal when they revert back to you or if they make no revenue.
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A limited monopoly granted by congress as an incentive to creators of certain literary and artistic works.
Copyright
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What do Publisher administer copyright do?
1. Find uses for the song(s)
2. Issue licenses 3. Collect money |
What is a co-publishing deal?
Publisher controls the copyright, but songwriter makes 75% whereas the publisher makes 25%
*this is most common |
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A performing rights organization whose sole function is the issuance and enforcement of licenses for the public performance and nondramatic songs of its publisher
ASCAP (AMERICAN SOCIETY OF COMPOSERS, AUTHORS, AND PUBLISHERS)
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What is the statutory rate?
9.1 cents
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What is an administrative deal?
90%-75% goes to the artist and the rest to the publisher. Copyright is NOT assigned. Term is period to end which is determined and agreed upon. At the end of the term the copyright goes back to the artist.
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The phrase appears in record contracts meaning a composition owned or controlled by the artist and recorded under contract.
Controlled Composition
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What are the sources of revenue?
1. Mechanical royalties (9.1 cents)
2. Synchronization (Movies and tv shows) 3. Public Performance Income 4.Print--Books, ringtones, sheet music etc. |
What is a contract?
Verbal/written both people getting something of value.
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Usually referred to as mechanicals, it is the royalty payable to a copyright owner for the use of a song on a record.
Mechanical Royalty
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9/10 who gets copyright?
Publisher
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What is an advance?
Prepayment of royalties, NOT a loan.
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