MacDaddy Posted October 12, 2018 Posted October 12, 2018 As above. How did you do it, and what does it entail? cheers! Quote
BigRedX Posted October 12, 2018 Posted October 12, 2018 Think of a company name. Set it up as a limited company. Job done. However if you actually want to make some money out of your company you need to either: 1. Get together a catalogue of music that TV, film and game producers will want to use in their productions, or that other well-known artists will want to cover. Employ someone with plenty of music/TV/film/gaming industry contacts who will spend all day on the phone/email/social media persuading producers to use music from said catalogue. 2. Alternatively you could sign up lots of gullible artists to your publishing company then sit back and take 25-50% of their performance royalties for doing f*ck all. Quote
TheGreek Posted October 12, 2018 Posted October 12, 2018 I think, a friend of mine does...he has lots of contacts including a Music Lawyer living in the same village...if nobody else can help I can send an email... 1 Quote
lowdown Posted October 12, 2018 Posted October 12, 2018 You can set up a publishing company in the way that BRX said. However.... If you want PRS/MCPS to collect any royalties for publishing, you will need to join them first. Check out the 'Music Publishers Association' for some good advice. https://mpaonline.org.uk/mpafaqs/how-do-i-form-a-music-publishing-company/ Joining MCPS as a publisher. https://www.prsformusic.com/join/publisher/what-you-need-to-join-mcps Joining PRS as a publisher. https://www.prsformusic.com/join/publisher/what-you-need-to-join-prs Quote
BigRedX Posted October 18, 2018 Posted October 18, 2018 Apologies if my original post came over being somewhat flippant. I think it would help to give you the correct advice if we knew why you wanted to set up a publishing company? If it is simply for the purpose of collecting "publishing" royalties on your own songs, you don't need one. Just join the PRS and MCPS as a writer member and when you register the songs make the royalty splits add up to 100% between all the writers. If there is no publisher assigned to a song the writer members will get all the royalties. IIRC correctly it actually costs more to be a publisher member of the PRS and MCPS than it does to be a writer member, so there is no financial advantage. Signing to a good, well-established publishing company can have advantages if you want to get others to cover your songs or have a better chance of them being picked up for use in TV/film/game soundtracks, or if you think it can be used as a stepping stone to getting a record contract (does that even happen nowadays?) However the publishers need to have all the contacts to be able to get your songs listen to by the right people, and I would expect a sizeable amount of cash as an advance on signing. The Terrortones had a number of small publishing companies interested in us from the release of our first single onwards, but when we questioned them closely on exactly what they were going to do with the songs to justify them taking between 20% and 50% of the royalties, they quickly stopped talking to us. The only time I can think that having your own publishing company could be an advantage would be if you are going to use a US based PRO to collect your US royalties as I believe they will keep back 50% of all performance royalties on works that do not have a publisher assigned to them. This shouldn't be an issue if you are using a non-US PRO such as the PRS to collect your US royalties. I hope that is more useful. Quote
pbasspecial Posted October 18, 2018 Posted October 18, 2018 It also depends on what you need the publisher do for you. If it is purely administration you could probably negotiate a better rate or are you starting out as writers and need them to arrange sync deals, co-writes, artists to cover your songs, etc Quote
MacDaddy Posted November 6, 2018 Author Posted November 6, 2018 On 18/10/2018 at 11:14, BigRedX said: I think it would help to give you the correct advice if we knew why you wanted to set up a publishing company? just information gathering at this point. Thanks for all the replies Quote
Sibob Posted November 6, 2018 Posted November 6, 2018 1 hour ago, MacDaddy said: just information gathering at this point. Thanks for all the replies Without context though, difficult to know what information to offer. Si Quote
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