How important is music publishing? Well, in 2017 consumer spending on music generated more than $20 billion but music businesses, including labels and publishers, took almost $10 billion, while artists received just $5.1 billion and most of the artist revenue came from touring. Let us also not forget that in 2016 Sony bought the 50% hold the Michael Jackson estate had on Sony/ATV publishing for $750 million.Long story short, there is a lot of money to be made in music publishing which is why new artists really need to understand how music publishing works. While everyone is in the business to make money, there are still a few sites that offer some valuable information to help aspiring music makers reach their fullest potential when it comes to making music and getting the most of their music publishing. All you novices should check out these ten resources.Click the link below for next resource9. Stem.comStem prides itself on the premise that they educate, inspire and empower artists to build their business. They are distribution company but with distribution, an artist must understand publishing, therefore, if you check out their blog, they post great info on the business of music publishing.Click the link below for next resource7.
BMI.comWhile most people should be familiar with BMI because they are one of the biggest music rights management organizations in the business, some may not know that they provide some great advice via their blog. They have an entire section based on educating aspiring publishers on how to start their own music publishing companies.Click the link below for next resource5. Songwriteruniverse.comSongwriter Univers is all about empowering the songwriter. They are an online music magazine that features interviews/articles with top artists, hit songwriters, producers, and music execs. Some of their music publishing articles are top-notch.
You may want to check them out.Click the link below for next resource3. ASCAP.comWhile most people have heard of ASCAP, they may not exactly what they do. ASCAP is a non-profit performance-rights organization (PRO) that protects its members’ musical copyrights by monitoring public performances of their music, whether via a broadcast or live performance, and compensating them accordingly.ASCAP collects licensing fees from users of music created by ASCAP members, then distributes them back to its members as royalties. In effect, the arrangement is the product of a compromise: when a song is played, the user does not have to pay the copyright holder directly, nor does the music creator have to bill a radio station for use of a song. As an ASCAP member myself, I often peruse the articles, watch the interviews, and check out the ASCAP Corner from time to time to stay up on the latest in music publishing.Click the link below for next resource1. Diymusician.cdbaby.comIf you look at an artist like Chance the Rapper, we live in an age of Do It Yourself artists. Diymusician is a platform on cdbaby.com that literally teaches artists how to do everything for themselves. They have youtube videos as well that go into the depths of music publishing and beyond. While CDBaby is another distribution platform, they offer valuable information on music publishing for all your aspiring do it yourselfers.