Many artists today face significant challenges when it comes to properly registering their music and navigating the complexities of the music industry. Shockingly, about 80% of artists still release music without registering it correctly, leading to missed opportunities and unclaimed royalties. This issue is compounded by the fact that many managers lack a comprehensive understanding of the business, further hindering artists' ability to maximize their earnings.
As a result, hundreds of millions of dollars remain unclaimed in what is known as the Black Box of royalties. This is a significant problem because most artists are unaware of how to retrieve their mechanical royalties, let alone the numerous organizations responsible for distributing these earnings. The lack of knowledge and awareness around royalty collection leads to artists missing out on the revenue they rightfully deserve.
Adding to the confusion is the misconception among artists that simply registering their music with the PRO Performance Rights Organization automatically copyrights their work. Unfortunately this is far from the truth. Copyright protection involves a more intricate process and includes steps beyond just registering with a PRO.
These issues highlight the urgent need for better education and awareness within the music industry. Artists must understand the importance of proper registration & Copyrights, the role of performance rights organizations, and the complexities of royalty collection and distribution. Managers you definitely should also strive to deepen your knowledge to effectively represent your artists' interests in the proper way**
By addressing these challenges, artists & upcoming managers can unlock their full earning potential, retrieve their rightful royalties, and ensure that their creative endeavors are protected. It is crucial for artists to seek resources, workshops, and knowledgeable individuals, that provide comprehensive insights into the business side of music game.
In conclusion please understand, the lack of proper registration, limited understanding among managers, unclaimed royalties in the Black Box, and misconceptions about copyright protection contribute to the ongoing struggles faced by many artists.
“Real Manager, Music Administrator & Educator”
I Talk The Talk And Walk The Walk*
Instagram @Jazzymanagement
Twitter @JazzyMgt
Manager of the multiplatinum hip hop group Tha Eastsidaz
Invited by: Major X.
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