Hello ☺ A happy new week to you all.Today we shall be enlightening you our dear followers and stumble upon readers about one of the music services we provide at @run8factory. A music publisher is one who is solely responsible for collection of royalties on behalf of their clients(songwriters & composers) when their works are used commercially. They have a duty to monitor such records after a publishing contract must have been signed with them. Most times artists are too busy touring or recording that they tend to leave this aspect of revenue generation untapped while third parties exploit this to their utmost gain. In our country Nigeria, most artists don't even know the rights they possess in relation to their creative works that when their works are used in video commercials, radio jingles, etc they see it as their works being recognized or"na hit" so they just let it slide by.>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Some publishing companies are extremely hands-on and get involved in everything from the creative process to heavy promotion.
For instance, many publishing companies have a person/department devoted to providing feedback to songwriters and composers on their works & making suggestions for new directions. While on the other hand, some are far less engaged with their clients as they tend to evaluate a composition, make a decision about its profitability potential and then purchase a chunk of it's royalties.>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Now to the financial part. Most publishers get a 50/50 split of profits generated by the songs they represent. In terms of royalties, there are several different royalty streams of which a publisher will get a cut, but some of these royalties are not exclusive to them. As a song writer, a deal with a good publishing company can significantly increase your earning potential. However, publishing deals can be complicated and signing a wrong deal can leave you burned for many to come. Always seek legal advice before making a publishing deal.
Senegalese-American rapper Akon announced Saturday he would purchase 50 percent of African music download service Musik Bi, as the platform struggles to gain a foothold after its launch 18 months ago.
Africa's first home-grown platform for legal music downloads, Musik Bi launched in Senegal in February 2016 with a mission to promote African artists, pay them properly, and fight internet piracy.
Akon, whose real name is Aliaune Badara Thiam, announced in Dakar he would become the majority shareholder in the service, describing Musik Bi as "the platform of the future". "It's not just a platform for Senegal but for Africa," he added, refusing to be drawn on what he had paid for the transaction.
Best known for his singles "Locked Up" and "Smack That", Akon has devoted more of his time in recent years to his Lighting Africa solar energy initiative and other charitable pursuits.
He launched his latest single "Khalice", a collaboration with Senegalese superstar Youssou Ndour, exclusively on Musik Bi.