Part III: It Ran to LA

Downloads, Direct Licensing, and other Composer Business Issues...

This panel was a doozy. Let me take a few moments and distill all the great thoughts.

I'm going to skip the "downloads" portion of the panel, as it really wasn't touched upon. Now, the direct licensing, that's the hotness. Panelist Yoav Goren spoke about the opportunities that composers have to write for music libraries.

Here is how a music library works:

1.You (a great composer/songwriter/DJ) write great music tracks.
2.You send off your great tracks to a music library ( like http://www.immediatemusic.com/) for consideration.
3.They love your work.
4.They accept your work into their library
5.You sign an agreement which might be either: (These were the two options touched upon)
a. 50/50 Publishing split.
b. Up-front Buyout.

Remember to sign up for a performing rights organization (PRO) so you can collect your royalties on this library music...BMI, ASCAP, SESAC.

Here is more info on Yoav, which describes how he found a money-making niche in the film trailer LIBRARY business... http://findarticles.com/p/articles/mi_m0HNN/is_7_19/ai_n6143787

This is a really great way to get your music into major projects, get paid, and make your mom and dad happy about that four year investment into music school.