Therefore, we cannot comment on their methodology or offer insight into the accuracy of the information they distribute. While unrelated to the music industry, Financial institutions, lending organizations (all in MY wheelhouse), even most retail outlets are bound by regulations requiring sufficient and timely notification to consumers regarding intended increases to ongoing contractual obligations, NONE of which are permitted to be retroactive to ANY previous date, certainly not YEARS past! Sell your music. The SoundExchange agreement kind of encourages you to use them only for US. For reproduction royalties, the amount the artist receives varies based on the percentage they are entitled to per copy sold and the number of copies sold. 30% withholding is applied to all non-U.S. payees unless they submit a completed W-8BEN form. WHO WE ARE For clarification, SoundExchange does not collect royalties for videos or other visual media (including YouTube and VEVO). These are my guys. From what Ive read in the main article and comments, it would appear that Soundexchange representatives/executives either do not know how the system works OR may be intentionally playing dumb and communicating mis-information in order to perpetuate the confusion, thus preserving Soundexchanges golden calf. In addition, SoundExchange has only been paying me for 8 songs (when I have over 70 released). I just left it at that began removing my music from this rip off corporate internet.. 202-640-5858. He credits Paul McCartney as the reason he started playing bass, as he received his first CD at age ten Paul McCartneys Greatest Hits. Musical Anecdote: As a Royalty Specialist, Shelley brings two key passions to the Sound Royalties team: a devotion to top-notch customer service and a lifelong love of music. He has worked with leading music industry professionals, including GRAMMY-Award winners, platinum recording artists and notable music industry executives in every genre, always with the utmost discretion and privacy. Background: Brian Brown brings to Sound Royalties more than 20 years of development, data science, and technical management experience within the music industry. In comes the rightful,owners, and they have to get a court order and prove their claims. President of Sound Royalties, Michael Bizenov, is a highly skilled executive with extensive experience in finance, strategic planning, and business development. When I started my research on SoundExchange, I had a very favorable view of the non-profit company. I have a complete setup ready to go. 2023-04-20T10:29 . While a single type of artistic right master/sound recording rights generates sound recording royalties, they actually can refer to several different kinds of royalties. Since the distribution process varies in the length of time it may take, we wont have specific dates available until the actual distribution of payment nears. Sound Royalties, LLC is a privately-owned specialty finance firm that helps music industry professionals fund personal and professional projects without ever taking ownership of their copyrights . Anyway, hope things have gotten better for you. Its inevitable. Forgive me, I didnt read every previous comment, perhaps this has already been mentioned above. Lakshmi attended Florida Atlantic University in Boca Raton, FL with a major in Psychology and a minor in Linguistics. Since there is no viable alternative, we have to press SoundExchange to reform their system. In fact, she attended many international shows hosted by her parents and met several music industry giants as a result. 50% of the royalty on each track goes to the performers or artists on the sound recording - 45% to the main recording artist and 5% to the session musicians and back up singers on that track, through RARoyalties.org. Come on, can you really be unimpressed with an ultimate middle-man? Im signed with BMI too, which is where Ive been collect my quarterly statements for years, so I think its pretty great that S/X is allowing you to log in and see everything and get paid on a monthly basis now so long as its direct deposit. Hearing about their accomplishments and learning about their music really makes me happy. Now imagine this organization collects these royalties and parks all this money in an interest earning financial institution be it domestic or overseas. Coming from a Puerto Rican and Cuban household, Barbara says growing up in a Latin home meant that music accompanied everything you did. "The demand for music from Africa and other developing regions is growing, and these professional creatives deserve to be a part of the international music marketplace. As my Communication Attorney once told me, Theyre screwing the artists *almost* as much as theyre screwing you So, basically, theyre screwing everyone and the only winners are, as you said, the big record labelsNOT starving artists, as they would have congress believe. NEWS Background: Both satellite radio providers and webcasters pay SoundExchange when they stream music due to their utilization of the statutory license. I too have gotten nowhere with SoundExchange and its extremely frustrating to sit back and try to figure out how to get my money from them when Ive done everything theyve asked (with confirmation emails), only to go back, login and find out that I have to Register all over again!!!!!!!!!! i will come to halls f vallhalla. Our team is here to help you achieve your goals with royalty financing and more. Sound Royalties is an amazing place to work because Im surrounded by people who are truly passionate about music and are committed to providing a helpful service to the music community.. Growing up in a Mexican American background, Marysol was exposed to both English and Spanish music from a young age. this is not sound exchanges fault. Shaun graduated from Central Connecticut State University with a bachelors degree in Information Technology and a minor in Music. You might already have royalties waiting for you, and even if you don't, it's important to get your . While growing up, Gio remembers vinyl records playing softly in the background at dinnertime, ranging from Jesus Christ Superstar (she takes pride in the fact that she can sing all the parts) and the Rolling Stones, to CCR, Caetano Veloso, the entire Woodstock album, Buena Vista Social Club, Jethro Tull, as well as Eydie Gorme, Pink Floyd, and Frank Sinatra. This whole mess NEEDS to go public! just make sure they get your content assigned to you correctly before the write this off and send out a one time adjustment. ", "I kept meeting people doing business with Sound Royalties, and then bumping into Alex backstage and on the red carpet. Im considering signing up with PPL to do all International collection, and have SoundExchange just do US only. Learn how you can take action now! It is the distributors responsibility to collect the royalties due from the record stores, ecommerce platforms, streaming services, and other organizations and return the payments to the label, who then pays the artist. I have had to re-enter and re-send things about ten times. While performance rights organizations (PROs) and publishers collect royalties based on composition rights, distributors usually collect sound recording royalties. Before his current role, Michael served as General Counsel for a specialty finance company where he managed the companys legal, underwriting, and regulatory compliance. Sure, they couldnt get my repertoire catalog straight. Through innovative financial alternatives, creatives can realize their ambitions without compromising the rights to their music. I have witnessed so many amazing goals achieved with funding through SR, and nothing is more rewarding than that!. Musical Anecdote: Sound Royalties: How is it that it can be legal for them to give out copyright royalties to the wrong party and then claim zero responsibility? reminds me of the viking songs my uncle sang me to sleep with, love these kind of songs ^w^ 2023-04-28T20:48:12Z Comment by Fanny Clante. No one Ive spoken to, interacted with via email or met in person actually seems to give a damn about musicians. The composition copyright can generate money for you each time the song is performed live, played on the radio, or performed as a cover by another artist. RESOURCES Additionally, Alexs expert opinions have been featured in top publications such as The Wall Street Journal, Billboard, Rolling Stone, Music Business Worldwide, The Tennessean, Music Connection and Digital Music News. Double hosed! This includes recordings and soundtracks made by actors, comedians, and spoken word artists in addition to musicians. https://www.youtube.com/watch?v=2tWRTtI7huk. But I can relate to your troubles, because I myself have never been paid by ASCAP. Well, that was today. Sound Exchange is legit. Litigation and legislation intentionally being kept from the public eye is a major red flag! <br>. So frustrated. Master/sound recording rights refer to a particular recorded version of a piece of music, and performing artists typically have those. UK labels love indulging in this kind of mass pick pocketing. Currently, there is no performance right for over-the-air broadcasts. Chuck Lowe is Sound Royalties Chief Financial Officer and functions as the Chief Credit and Risk Officer. With a passion for music and law, Michael has been an elite asset to the Sound Royalties team. Through that experience, she learned that music was indeed the universal language and witnessed first-hand how it could transcend cultural boundaries. Michael Bizenov, President of Sound Royalties, is a highly skilled executive with extensive experience in finance, strategic planning, and business development. }. Get in touch. If youre out driving, pull up to a stop light, roll your window down and people standing on the street corner HEAR the song being played in your caryou (by law) are required to count all the people within earshot, and submit a royalties check?? Nowhere on the application, however, did it mention that as an independent artist (who owns 100% of the sound recording) had to ALSO sign up as a Rights Owner. I ran the station as a hobby and paid for it out my pocket. But what are sound recording royalties? So what should I do from a song writing standpoint? Im sorry to hear about these troubles with SoundExchange. Heres an old article about that: http://www.billboard.com/biz/articles/news/5893782/soundexchange-finally-releases-old-unclaimed-royalties. April 16, 2018. My favorite part about working at Sound Royalties is watching the success of the music creatives we work with. An employee of Sound Royalties since day one, Barbara has developed crucial relationships within the music industry, and can often be found attending the various Latin music events and award shows throughout the year. Its November 14, 2019 and I have discovered a major flaw with Sound Exchange. Before serving as CFO at Sound Royalties, Chuck co-founded Novation Ventures in 2001, where he held positions of increasing responsibility in the asset securitization industry. Musical Anecdote: Best known as the founder of the popular Techno-funk band, Midnight Star, Reggie led the group to international success writing, producing, and arranging a string of top mega #1 hits including Operator, No Parking On The Dance Floor, and Freaka-zoid. Direct deals with labels have meant playlists that were large and controlled by people like me, were taken over and given primarily to a few decision makers and the deals with labels secured more airtime for them. Featured artists, non-featured artists, and non-featured musicians can all take a slice of the royalty pie, with the size of the cut usually corresponding to the performers contribution. My favorite part about working at Sound Royalties is being able to provide the creative community with an alternative approach to funding their art while maintaining true creative control, and buildinghonest, transparent partnerships with the creatives best interests at the core. A recording is used as part of a multimedia production like movies or ads: These can be synchronization royalties or performance royalties, depending on the deals structure. Cheers! Michael manages legal matters related to Sound Royalties product development, underwriting, and financing its asset acquisitions. Interested in maximizing your creative earnings? Anybody have any advice on breaking into the business with success? There are two major categories of musical rights: composition rights and master/sound recording rights. Whats next? I helped a friend sign up and they received a $160 check after only 6 months of play on Pandora and other stations. License any song or sign up for a pre-cleared music licensing subscription. That scam has to stop as well. An hour before our meeting, I received an email from Knowles stating she couldnt make it. In elementary school, Barbara performed in many talent shows and enjoyed being part of her middle schools choir. Background: JUST MY $.02. So the next check I get will probably be when Im very old. Knowles was apologetic and offered to meet the following day for a full session where I could get every question I needed answered. i did eventually get paid (hundreds of dollars) but i also have a repetoire thats about 70 songs, and only 9 show up on statementsand i also dont see my most popular songs. This initiative with Sound Royalties not only introduces and launches new talent, but helps creatives around the world thrive in their careers. For performance royalties, the amount the artist receives is also the product of a negotiation, but there are some industry goalposts. Why are they being so covert? they are fighting for me, and musicians everywhere. Since day one, Ive felt supported and motivated by the incredible people around me! I play oldies to a very VERY small audience. She responded saying the VP of Communications, Marie Knowles, would like to meet with me in person the following week as she was going to be in town for the Music Biz Conference. Your not alone Ari. Then I see a claim against one of my own songs for which I own the masters and copyrights on from The Concord Group on one and Universal on the other. Tatianas ambition, knowledge, experience, and involvement in the music community make her a great resource to her many customers and to our team. He then began his career with Smith Barney and Paine Webber in 1997 where he offered estate planning and investment advice. display: none !important; Composition rights refer to the musical arrangement itself the orchestration of the notes, lyrics, etc. Someone needs to do something about Sound Exchange. Just enough for you to go away. After the launch of NPREX, Brian was looking for new ways to help music creatives and joined Sound Royalties to do just that. You can feel your soul singing whenever you get to experience the unending beauty of Mother Nature herself. You just got to keep hammering them. Sound Royalties: Should I give up on making any money from my songs and just write for myself and friends? Our team works together daily to support the stability of a financially sound environment for one common goal our customers to enhance their craft. Its always exciting., Director of Customer Relationship Management. When will this greed END? Musical Anecdote: This doesnt add up. Nothing. People that operate like this are generally associated with names like Lefty , Noodles and/or Knuckles! SoundExchange also supports payment to Cash App (for SoundExchange registrants taxed as U.S. individuals) and Zelle (for SoundExchange registrants taxed as a U.S. individual or company) accounts. but they screwed up with metadata and the songs also.. The only way to obtain the background artists royalties is to register with the American Federation of Musicians (AFM). In 2011, he began providing financing for artists and publishers who needed a way to monetize their royalty assets. DM me at @musicbizben if interested in more info. It is truly a blessing to have a career that allows me to help others achieve their dreams.!. A sound recording copyright owner is a person or company, typically the label, who owns a specific sound recording. It was built by and for the major labels. A creek, a meadow, some bouncing bunnies, and your Familiar are all you need to be at total peace with everything in the world. I had ALL of my repertoire registered as the owner of the copyright and this STILL happened. When your music is played in their territory, they send your royalties to us, and we sendthemto you. It is our strict policy that we cannot pay third parties. SoundExchange will onlypayperformance royaltiestocreative participants (producers, mixers, or engineers)whena direct registrant submits aSoundExchangeLetter ofDirection (LOD). Sound Royalties: She asked me to drive to her even though she requested the in-person meeting. For more information and to download the relevant resources, visit our Useful Links section of this page. Sound recording royalties are the payments made for the ability to use a specific recorded version of a piece of music. A non-featured artist is an artist who is not prominently featured on a track or album (i.e. How about defining that as a non-disclosed, nondescript monthly fee for each listener? a session musician or a back-up vocalist). While Henrik's musical influences are constantly. Her obvious choice when stuck in traffic is always anything by Ariana Grande. I imagine they enjoy their black box take at an obscene level. Sound Royalties: Upon recognizing the sizable need for funding options that cater to music professionals and allow creatives to retain their copyrights, Alex Heiche founded Sound Royalties in 2014 and serves as the companys Chief Executive Officer. It's currently 9.1 . She graduated from The University of Texas at Austin with a Bachelor of Journalism, working jobs in radio and entertainment PR along the way. With funding at the core of what we do, music is the heart of who we are. Through the app, artists can search and claim their recordings, track their catalog, and review Chuck received a bachelor degree from Yale University and a MBA from The Fuqua School of Business at Duke University. He has penned songs for Levert, (Casanova), Teddy Pendergrass (Joy), Gladys Knight, (Love Overboard) and Natalie Cole (Jump Start My Heart). Im wondering whether there were any artists who registered with SoundExchange before their October 2013 cut-off for collecting from the pool release of unclaimed royalties from 2004-2008; who had the these sign-up issues and lost out on their royalties? Her fifth birthday party was *NSYNC-themed, and throughout her childhood, she would turn almost any school project into a history of rocknroll lesson. Ive never experienced a culture quite like this one. Sound Royalties is able to service transactions from $5,000 to tens of millions of dollars. Nothing. So new artist and local bands lost a place where someone would play their music. So, one of the main reasons you should register is to collect any and all of these royalties that are due to you. The difference between enthusiasts and experts includes the practical side of being a creator like getting paid. I emailed her and asked to setup a meeting with someone at SoundExchange to write a full report to EDUCATE musicians and rights holders on how to properly signup for SoundExchange and make sure all the money that is owed to them is claimed (and hopefully get my situation worked out). That includes Pandora, Sirius/XM, and any radio station that streams online. Im going through a similar situation BUT Universal Music Group, my distributor only, collected my royalties illegally and Sound Exchange are saying there is nothing they can do because they wont look at contracts.
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