Music Business

ASCAP & BMI: Who Are They? What Do They Do? (1)

The Music Telegraph | Text 2019/04/26 [10:40]
Music Business

ASCAP & BMI: Who Are They? What Do They Do? (1)

The Music Telegraph| 입력 : 2019/04/26 [10:40]

 



 

ASCAP & BMI: Who Are They? What Do They Do? (1)

 

  ASCAP BMI
Full Name American Society of Composers, Authors and Publishers Broadcast Music, Incorporated
What It Is  A membership association comprised of songwriters, composers, lyricists and music publishers A corporation with which writers and publishers are affiliated
What It Does Under U.S. Copyright Law, those who publicly want to perform copyrighted music (radio, TV, cable, bars, clubs, restaurants, shopping malls, concert halls, airlines, orchestras, websites, theme parks, etc.) must have the permission of the copyright owner. ASCAP licenses these users of music, collects the fees and pays its writer and publisher members their performance royalties. Under U.S. Copyright Law, those who publicly want toperform copyrighted music (radio, TV, cable, bars, clubs, restaurants, shopping malls, concert halls, airlines, orchestras, etc.) must have the permission of the copyright owner. BMI licenses these users of music, collects the fees and pays its writer and publisher affiliates their performance royalties.
Owners  Writer and publisher members Radio and Television broadcasters 
Total 1999 Revenue Over $560 million - the greatest revenue of any performing rights society in the world. ASCAP's operating expenses are also among the lowest in the world. Does not disclose its financial data to writers or publishers. Financial reports sent only to broadcaster stockholders.
Year Founded 1914 by writers and music publishers   1939 by the broadcasting industry
License Fees Determined By Negotiation with music users. If any license and ASCAP connot come to an agreement, a federal court is available to determine a reasonable fee for that customer's ASCAP license. Negotiation with music users. Recent 1993 Consent Decree change allows court determination ofreasonable license fees and interim license fees if negotiated agreement cannot be reached.
Board Of Directors  12 writers and 12 publishers, elected every two years by the writer and publisher membership. Current President and Chairman of the Board is Academy- and Grammy Award-winning lyricist Marilyn Bergman. Past presidents include Pulitzer Prize-winning composer Morton Gould and Academy- and Grammy Award-winning lyricist Hal David. Broadcast industry executives chosen by broadcaster stockholders plus one BMI employee.
Writer And Publisher Contracts Writers and publishers sign identical contracts and may resign at the end of any year of the contract on three months advance written notice.

The standard writer contract is for two years and the standard publisher contract is for five years. Some writers and publishers negotiate shorter-term or co-terminus deals.

 

The two- and five-year contracts continue to renew for additional two- and five-year periods if the termination date is missed. Termination notice must be by registered or certified mail within a specific window (for example, no sooner than six months and no later than 60 or 90 days prior to the end of thecontract).

 

 

 

 

 

 

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