iv) Performance Income – it is a very important source of income for songwriters (for many, it may be the main source). In the United Kingdom, benefit income, i.e. fees paid by the user to the copyright holder each time a composition is made public, including on radio or television, is collected by the Performing Right Society. In other countries, there are similar institutions that have mutual agreements with PRS for the collection of benefits. Publishers and songwriters alike can join the PRS and receive regular payments based on the use of their previously recorded compositions. Half of the income collected (after deducting the company`s commissions) is paid directly to the songwriter («author`s share») and the publisher does not participate in that income and cannot be used to recover advances. The other half of performance revenues called, fairly predictable, the «publishing share» is paid to the publishing house and this is now generally shared with the songwriter, in this agreement the distribution is 50:50 (the overall performance income rate is again at 75%/25% mechanical rate). Under the individual song agreement, an author transfers the copyright to a composition or a number of identified compositions to a publishing house and in return receives a portion of the income he derives from the use of that composition or composition. Since the individual song contract only applies to songs or songs specifically mentioned in the agreement, the author can go with other songs to a number of different publishers and give each one only the songs to which he is really interested. This clause relates to royalties that the publisher pays (or is used to recover a previously paid advance).
Royalties are subdivided into income categories, the main ones of which are listed below. The figures used in the agreement are to illustrate and the amount of royalties that a reasonably successful songwriter could achieve after some negotiations. Some agreements contain provisions for escalating royalties within the broader scope of the concept and exercise of options, while others provide for an escalation depending on the positions of the graph or sales. Our music publishing contracts are written and updated by our experienced entertainment lawyer. Address rights for songs with a music publication agreement now. As many authors write with other songwriters, songwriter contracts often contain notes on what will happen if there is a co-author on a song. It often stipulates that separate agreements must be made when a co-written song is submitted. Although there are many artists who write songs for their own pleasure, songwriting can of course be a very lucrative business. And some of the most successful songwriters only write for other artists to perform. But how do authors have their songs recorded by others? There is often a publisher who comes into play to take songs from songs and present them to artists, to perform and hopefully become the next number one hit. Publishers make a lot of money from this, and authors know that they can in turn make money with a publishing house.