Let SourceAudio Help You Collect Your Portion of Unpaid Millions Owed to Music Creators and Publishers
YouTube recently reached an agreement with the Music Publishing community to pay out millions of dollars in royalties (Content ID money) it has accrued for compositions that it has not been able to identify due to missing copyright ownership information. These royalties were generated between August 1, 2012 and December 31, 2015 from views of YouTube videos in the US.
To help get this money into the right hands, YouTube launched an "Escrow Royalty Liquidation" program via an opt-in legal agreement. Authorized entities will have from March 1, 2017 until May 31, 2017 to find their compositions and enter the missing information. If a composition has earned escrow royalties, but no data is provided to YouTube before May 31, 2017, then that money will be paid out to participating entities based on their YouTube "market share" percentage.
» Don't Miss Out on this Significant Opportunity!
The opt-in window expired yesterday, but we as an authorized Content ID Administrator can still help you claim your share! Getting started is incredibly simple:
- Review and digitally sign the YouTube Content ID agreement located in the Programs & Opportunities section of your site Admin Panel.
- Identify the tracks, albums, and/or labels you want to monetize via your SA site. No extra uploading or metadata submissions needed. Exclusive YouTube Content ID rights on music claimed is required.
- Tracks are reviewed and compiled by SourceAudio and then directly ingested into the YouTube Content ID system.
The deadline for getting in on this opportunity and rightfully claiming any unpaid revenue that could be sitting in escrow is March 31, 2017. As an incentive to make your move now, we are lowering our rev share admin fee by 5% to any new SourceAudio Content ID clients who jump on board now. We already offer the best standard splits in the space and we're dropping them even more to help you capture more revenue than ever before!
Contact your SourceAudio representative today with any questions!
» Introducing the New "Sync Management Tool" in your Admin Panel
If you make your catalogs, labels, and metadata available on buyer sites, network sites, sub-publisher sites, or any other SourceAudio site that aggregates your music alongside other publishers -- as the majority of SourceAudio users do -- this new tool is for you. A frequent requirement of SourceAudio's syncing capabilities is the need to take down music from specific sites, and to do so quickly. The new "Sync Management Tool" allows you to disable the visibility of your music on a site-by-site basis without relying upon us to handle it for you.
» Where Is It and How Does It Work?
In your Admin Panel go to the left "Buyers & Requests" tab. Then, click on the "Syncing" tab to the far right. Once you're here you'll see your catalogs listed in the left panel. Drill down from left to right to display your labels and the sites they appear on. Use the checkboxes listed next to each site in the far right panel to remove a specific label from that specific site. When a label is synced to a site any new music you add to it will instantly appear on that receiving site. Same with labels -- any new label you add to a synced catalog will instantly appear on the receiving sites it is synced to. To remove new labels from any site just use the syncing tool to uncheck the box(es) of the sites you wish to remove it from and you're set. New catalogs will not be automatically synced to any sites -- please contact us to set up new catalogs and syncs for you.
If you have any questions feel free to contact Dan Korobkin at firstname.lastname@example.org anytime.
We are sunsetting the current "Composer" and "Publishing" fields on all SourceAudio sites in early October. After the 31st your metadata from these old fields will reside in new fields that contain your Interested Parties -- the Writers & Publishers along with their splits -- for any given track/song/recording on your site. This metadata is still searchable, browsable, and visible to all users as it is today; we're adapting it to be more closely aligned with the PRO standard for Interested Parties that will help you save time, cut down on discrepancies, ensure that your data is displayed more consistently & accurately on cue sheets, and help you get paid.
This migration will require a bit of effort on your part but with some simple spreadsheet work the exercise should be painless. Also, we're here to help. If you don't see yourself getting to this migration task by early October then just shoot Jarrett an email and we can work on one of a couple of ways to help you out depending on the size and state of your existing Composer and Publishing metadata.
» What Are Interested Parties?
For those of you who don't use this terminology regularly, Interested Parties are the Writers and Publishers who own all or a % of the rights on a registered piece of music. Interested Parties consist of the "Writer's Share" and the "Publisher's Share". The "Writer's Share" can be allocated to one or more parties; the "Publisher's Share" can also be allocated to one or more parties. So, 100% of the Writer's Share and 100% of the Publisher's is defined by a piece of music's Interested Parties -- their names, PRO affiliations, CAE/IPI numbers, and the % of the rights they own.
Listen: Dan Korobkin Breaks Down SourceAudio and the Music Licensing Business on ExpandMusic with Noel Webb
SourceAudio's very own Dan Korobkin joined Noel Webb on ExpandMusic with Noel Webb to talk SourceAudio and Music Licensing. Listen to Dan and Noel as they take a deep dive into the evolution of the music licensing business and how SourceAudio is stepping up to meet the growing needs of music buyers and sellers.
Be sure to listen to the show at ExpandMusic with Noel Webb . For more information on SourceAudio, please visit us at www.sourceaudio.com
Opening Up New Opportunities for Everyone on the Platform
Powerful music search is a baseline requirement for all of us which is why we're proud of the metadata and SonicSearch technologies that power the SourceAudio platform. Search plays a critical role on both the buy and sell sides of our music licensing and content production businesses. But, there are additional ways we can connect buyers and sellers on our platform that don't rely purely upon search and discovery. We are proud to announce the new Pitch & Request System integrated into ever single SourceAudio site.
Everyone in our space is familiar with sending or receiving music requests which initiates usually a phone or email exchange, a music search, and then a music pitch. SourceAudio's new Pitch & Request System replicates this real-world experience, but we make it faster, easier, and we open up both buyers and sellers to an ocean of new opportunities.
Here's How It Works:
Buyers on the SourceAudio platform - entertainment marketing companies, production companies, ad agencies, and more - have a new landing page that presents them with two simple options: Search or Get Pitched. When "Search" is selected they simply enter their SourceAudio site as usual and begin their search on their own. When "Get Pitched" is selected they are taken to the new Pitch Request form you can see right here:
Music Buyers will describe their music needs in this simple form. The following information will be collected:
- Request/Project Title
- Max budget
- Description of their music needs + musical references like YouTube links if they have any available
- Documents such as briefs can be uploaded and attached to the request submission as well
- Buyers can then hand-pick the publishers they wish to receive this request, or they can easily submit it to every single publisher/seller on the network
What Music Sellers Can Expect
When a new music request has been posted it will go out via email to every publisher/seller included by the buyer in the Pitch Request form. Sellers will simply follow the link in the email to visit the Request Detail Page where they can see all of the parameters and needs for the request. Here is what an example Pitch Detail Page looks like:
Responding to requests and pitching tracks couldn't be easier. At the bottom of the Pitch Detail Page is the Music Pitch Form. To respond to this request with your music pitch, simply paste one of the following links from your own SourceAudio site into the form:
- A single track
- A playlist
- An album
Add a short comment at the bottom of the form, click the "Submit My Pitch" button, and you're done. The buyer will instantly receive an email including your music pitch link, your comments, and then of course your contact info should they wish to contact you about your music and their project.
This new Pitch and Request System launch is Phase 1 of 2 for what we have planned. Phase 2, set to launch in November, will include a new Pitch Request Center located at SourceAudio.com. Anyone in need of music - a SourceAudio network or non-member - can fill out a general Pitch Request Form and music publishers/sellers on the platform will have the opportunity to pitch music for these new opportunities as well. It will open up a ton of new opportunities for everyone on the network.
So, post your requests, submit your pitches and discover new opportunities to connect with other members of the SourceAudio network! Best of luck to everyone!