Once that’s done, you can create a collection of your music as high-quality MP3s or WAV files. Licensing your music through a PRO for royaltiesīefore you license your music, make sure your song and lyrics are copyrighted. It takes some time to build relationships with licensing agencies who can help you sell sync licenses, but the investment could pay off for years. Musical artists can earn generous income on each of their songs through licensing agreements. If you’re registered with a PRO, you’ll want to make sure you collect royalties each time your music is used. You’ll want to keep a close eye on your licensees to be sure they are adhering to the licensing agreement. Just because a licensee is using your music for one YouTube video doesn’t mean they have permission to use it on TikTok, for instance. Hopefully, that won’t reflect poorly on you as the artist.Īnother drawback is simply keeping tabs on the use of your music. You can’t control the quality of the media where your music is being heard, so you can wind up with your song on a flop of a streaming series. The drawbacks to licensing your music are relatively small. You can create a song once and license it multiple times for additional income. But apart from these steps, licensing your music represents passive income. You’ll have to spend some time negotiating the agreement, then follow up to ensure that your music is only being used in the contexts you permitted. The other benefit is fairly obvious: Money. Most artists of every ilk have heard the phrase, “People die of exposure,” which is a play on words implying that you can’t pay your bills on exposure alone.Īlthough, if you’re receiving a healthy paycheck for licensing your music and getting exposure in a hit movie, TV series, or even on social media, music licensing becomes a win-win proposition. If you are an indie musician, licensing your music can gain your songs increased exposure. Benefits and drawbacks to licensing your musicīefore we go into the “how” of licensing your music, let’s explore the benefits and drawbacks. You want to be sure the licensing agreement is rock-solid and that you are getting the money your music is worth based on how the licensee wants to use it. What is a sync license?Ī synchronization license gives a third party permission to use your music in visual media, including:Ī sync license typically grants the user a one-time use of your music in exchange for a one-time fee. Then, when companies or organizations download and use your music, you’ll receive royalties. Alternatively, you can register your music with a Performance Rights Organization (PRO), such as ASCAP or BMI in the U.S. You can issue what the industry calls synchronization licenses, or sync licenses. There are two ways you can license your music. And with so many people making podcasts and webinars today – all requiring background music and music to add excitement to their events – the market is wide open for savvy musicians to earn money who license their music. From independent filmmakers to major movie studios, many companies need music to accompany their visual stories. If you’re a musician looking to earn residual income, you may consider licensing your music to brands, filmmakers and television producers. When you take the right steps, you can create a song once and earn income multiple times. Licensing your music represents passive income.
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