January 4, 2017
The agreement covers the five-year period 2017 to 2021. It provides for increases in the rates paid… [Read full announcement here]
Note: Performance royalties are generated through various sources, from terrestrial radio (recorded songs) to YouTube (yes, even unrecorded songs). Watershed Music Group can help ensure proper data management and royalty collections.
“We are confident that our new agreement will provide enhanced financial benefits to ASCAP songwriters, composers, and music publishers at a time of tremendous disruption in the music industry. Reaching a voluntary agreement with the terrestrial radio industry enables ASCAP to stabilize and grow revenues for our members while continuing to aggressively advocate for regulatory reform to modernize the music licensing system.” – Elizabeth Matthews, ASCAP CEO
WHAT THIS MEANS FOR YOU
If you are an ASCAP songwriter or publisher affiliate, or both, this means you have a greater potential for profit maximization for the public performance of songs you worked hard to create. However, you forfeit every penny if the song data is not properly managed.
HOW TO CLAIM
If you are a Watershed client, you have nothing to worry about. We will continue to distribute your well-deserved earnings. For the rest of you, if your music is not properly stewarded, get started here.