Music creators rating the music libraries.
The recent acquisition of Broadcast Music Inc. (BMI) by New Mountain Capital, a private equity giant, has sent shock waves through the music industry, particularly among songwriters who rely on BMI for royalty collection and advocacy.
While the full picture is still forming, here’s a breakdown of the potential positives and negatives for songwriters:
By Michael Nickolas
ISRC, UPC, EAN, ISWC, IPI/CAE – codes, codes and more codes! As a music creator selling, licensing, distributing and streaming your product, you’re going to run across these acronyms. What do they stand for and what will they do for you? How do you get them? I’ll cover the details of each of these below.
Sad story about an old friend of mine, Artie Wayne, who was responsible for millions of record sales (and dollars) as a writer, producer, song plugger and was my old boss at A&M’s publishing company, Almo Irving, back in the 70s.
Sadder still is that he’s had two songs recorded by Michael Jackson that have been re-released a number of times and his last BMI statement was $0! A number of folks have come to his aid and are starting a class action law suit against Motown and Universal Music Group.
Moral of the story? Don’t count on anyone to have your back. Especially in the music business!
Artie is a great guy and has had an amazing life. Read the full story here: http://www.examiner.com/classic-rock-music-in-national/artie-wayne-vs-the-music-industry-can-a-nice-guy-finish-first#ixzz1bME2zPo7