When you buy a property, it is your asset that belongs to you. This compels you to protectit by signing up for an insurance deal. Similarly, when you create your composition, in order to prevent it from being stolen by others, you need to go for licensing music. Once your creation is stolen by someone else and presented as his, you won’t have any right to claim it as your own until you have a license on it. Thus, obtaining copyright and license on your musical piece is an essential in such case. Music licensing companies, in this case, appear to be a great help.
The Copyright Act, 1988 specifies that if you play a recorded music in a public place, there are two licenses that are required legally. This formulation covers each and every type of music and technology, whether old and new. Starting from FM music to music videos, satellite broadcasts, internet streaming andMP3 players, this law covers all types of music types and genres of the industry. Licensing music, thus, is not only important for protecting the composition, but also involves legal aspects. Music licensing companies are the agencies that assist the individuals in obtaining the licenses for particular musical compositions.
As far as the licensing music law is concerned, it ensures that the creators and music owners would be subject to get compensations whenever their music would be used in public. The music owner can be anyone starting from musicians to writers to performers to publishers, etc. There are two music organisations that offer license approval for the musical pieces. PPL and PRS for Music are these two entities that enable efficient approval for playing the music in public.
PPL and PRS for music both are non-profit organisations, where PPL collects royalties on behalf of music performers and record companies, while PRS collects royalties on behalf of the songwriters and publishers. It is the law that determines the rate of royalties for the music licensing companies which is based on the agreement of the companies and the relevant trade associations. These music licensing agencies are the units that help the new artists to get their musical pieces noticed by the producers of well-known brands and film production houses. Thus, music licensing companies have also a great role to play in shaping up the career of the struggling composers and songwriter in the industry.
Whether licensing music is appropriate is determined by the following factors: