MY BEP EXPERIENCE

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After having spend more than three months in Berlin now at BMG, it is about time to share some details about my current project. BMG is a music publishing start-up founded in 2008. You can check out the website here.

In the music industry, a music publisher (or publishing company) is responsible for ensuring the songwriters and composers receive payment when their compositions are used commercially. Through an agreement called a publishing contract, a songwriter or composer “assigns” the copyright of their composition to a publishing company. In return, the company licenses compositions, helps monitor where compositions are used, collects royalties and distributes them to the composers. They also secure commissions for music and promote existing compositions to recording artists, film and television. Read the full Wikipedia article here.

What makes a publisher different to a record label is that revenue generation is not limited to the sale of physical or digital reproductions of a master recording. Publishers have a vast and growing range of revenue sources. Just think about all the motion picture advertising spots onĀ  iPhones and iPads that will come along with all the media people will consume. They will certainly feature music that needs to be licensed from their respective owners. Or think about Guitar Hero or any other video game that comes with music. Or even live concerts that are increasingly popular. All these trends indicate that music will continue to play a major role in our digital lives. As a copyright owner, this world is becoming very complex and you would like to see your copyrights exploited in the most transparent, efficient and revenue generating way. This is what we are trying to do at BMG.

But before we can engage in all the fancy stuff, we have to make sure to purchase or sign copyrights around the globe. My current job is of a financial nature and implies the acquisition of music copyrights.

So far the introduction, in the following posts I will comment on some trends and ideas I pick up along the way.

Best, Tobias

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