We are pleased to announce Corware Publishing's affiliation with BMI, Inc. as a music publisher.
Corware's move into music publishing not only complements its established history as an internet file distributor, it also sets the stage for exciting new opportunities.
That the music industry has undergone and is undergoing drastic change is not news. While the traditional model is dissolving, certain facets of the consumption of music have already been transformed to deliver music to the people, and for artists and publishers to get paid. The new model calls for self-publishing, not as an exercise in vanity, but as the new music business reality.
A quick primer:
BMI collects revenues, which are split 50-50 between the artist and the artist's publisher. By self-publishing, one gets both halves of the money. What money? The money from when the music gets used on television or a motion picture or myriad other ways that BMI tracks and distributes money back to publishers and artists.
The confluence of advanced recording capabilites to the masses and the internet have opened up many possibilities in how music can be submitted for consideration to established music publishers with real industry connections. These publishers have the kind of clients who need a piece of original music for their productions legally cleared on short notice.
That's where Corware Publishing comes into this story. Affliating with BMI greases the legal skids towards getting the music of yours truly into production. The big publisher gets a cut of the proceeds, Corware Publishing gets half of the remainder, and me, the songwriter/composer/recording artist, gets the other half.
There is a Catch 22 to becoming a registered music publisher with a PRO (Publishing Rights Organization), such as BMI and ASCAP. You have to have the expectation that your music product could be used in a real production. Although I didn't make the cut this time, my music was under such consideration recently, and I was given notice to get registered just in case.
So this is a new music industry model that is up and operating on the internet and we're positioned now to roll the dice in the big casino. Those are the chances. But to be quite serious, I make music that I believe needs to be shared and saved for posterity. Getting myself registered as a songwriter/composer was an easy step. Affiliating with BMI as a publisher, a much bigger hurdle, but now that it's done and we've had our day, it is time for the hard work of living up to the word "artist".
Wish us a broken leg please!
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