ASCAP Experience – Home Edition Overview
A few days ago, ASCAP hosted a special event known as the ASCAP Experience – Home Edition. This online segment brought together industry professionals to offer insights into various aspects of the music business. Among the highlights was a discussion led by music producer Bruce Waynne and Latoya Lee, the Vice President of A&R at Atlas Music Publishing. They shared valuable knowledge about the inner workings of songwriting and the crucial aspects of getting paid as a songwriter.
Insights from Bruce Waynne and Latoya Lee
During the session, Waynne and Lee broke down the two essential sides of songwriting: the composition side and the master side. They explained the importance of understanding how both sides contribute to the overall earning potential of a song. Waynne, with his extensive experience as a producer, emphasized the creative process behind the composition, while Lee provided insight into the publishing and administrative aspects, especially how songs are monetized in the industry.
The Role of Royalties in Songwriting
A key topic of discussion was the topic of royalties, a word that resonates strongly with songwriters. Waynne and Lee delved into how royalties work, explaining the different types of royalties that songwriters can receive, such as performance royalties, mechanical royalties, and sync royalties. They emphasized how royalties are a primary source of income for songwriters, offering ongoing earnings long after the initial release of a song. Understanding how royalties are generated and collected is vital for songwriters to ensure they are fairly compensated for their work.
