How To Start A Music Publishing Business
It’s not hard to start your own music publishing business. As a songwriter, you have a lot of benefits you can get from setting up your own music publishing business. This will enable you to show off your own catalog of songs that you’ve composed and written. Not only that, you can also exploit the songs of other people who are songwriters and you can acquire ideas from them. Not only that, but you can start to collect cash from performance licenses. You can stop getting only a small portion of money from other publishes, who want to take a large
chunk out of your money.
Here are some tips to help you open your own music publishing business;
1. You need to think of a really unique name for your publishing company. Most of the companies in business now already have the common names taken, so you want to be unique. Big name artists and performers are not always able to use their artist names, so many of them spell their own artist names backwards or with various letters.
2. Next, you will need to join a performance right organization. These include ASCAP, BMI, and SESAC. Call or write these organizations and request information and applications to join as a writer and publisher. There is also a fee involved. Here are the addresses and telephone numbers
BMI - 3340 Peachtree Rd. NE, Suite 570, Atlanta, GA 30326. Tel:404-261-5151
ASCAP - One Lincoln Plaza, New York, NY 10023. Tel: 212-621-6000
SESAC - 501 Santa Monica Blvd - Suite 450, Santa Monica, CA 90401 -2430 Tel:310-393-96713. Get your publishing business set up with your local city, state and county government. This requires that you get a business permit to do business as a music publisher. Then, you have to decide in what business manner you want to file your business. You can file your business as a general partnership, a sole propiertor, corporation or Doing business as. You also need to obtain a federal tax ID to help you complete your applications to ASCAP, SESAC and BMI.
4. You’ll need to set up a business bank account.
5. Lastly, you need to get in touch with The Harry Fox Agency, so that you can get an application to join. This is so that you can get a digital and mechanical license to help you collect money on your behalf for the sale of your songs.
6. Buy the necessary equipment. You will need at least one or two computer systems, CD publishing machines, DVD publishing machines, and printers. Your CD publishers will enable you to mass produce your songs on CD, so that you can distribute them all over the nation and the globe. You want a CD publisher and a DVD publisher that is virtually hands free. This gives you the opportunity to get back to doing other more important things than having to constantly change out CDs and DVDs. Check out our line of DVD publishers and CD publishers at an affordable cost.
The address is:
Harry Fox Agency, Inc. 711 Third Avenue, New York, NY 10017, 212-370-5330.
These are the basic steps to getting your music publishing company off the ground. The main benefit of starting your own music publishing company is that now you can keep more of the profits, instead of having another publishing company eat up your cash flow.
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Great advice, I’m definitely going to look into this further!!