Being a musician in today’s music industry not only requires musical talent but also for you to become a creative mastermind in order to generate the most revenue from your music. Some revenue streams are simpler than others, but non-the less this does not mean you can’t qualify for others. There are many ways that musicians can earn money from their compositions, performances, sound recording or brand. Here some forgotten revenue streams you should be capitalizing on besides the selling of your music.
Soundcloud Monetization SoundCloud is one of the biggest success stories of the online music world. The music streaming and audio sharing platform has been growing exponentially—it now boasts about 250 million users, and values itself at $700 million. Symphonic clients can now monetize their music on the platform as well.
Neighboring Rights If you’re a record label or your master recordings are being publicly performed and broadcasted, you’re earning a special type of royalty called neighboring rights royalties. This space and type of royalty has been very poorly understood and untapped, but its earned by many artists today, especially if their music is played in radio. We regularly uncover incomes others overlook and prevent un-distributable revenues that others would allow to be lost.
Publishing Administration If your music is being distributed, performed worldwide, and you don’t have a publishing deal, your royalties are sitting in collection societies around the world waiting to be claimed by you. Symphonic Distribution enables talented songwriters to register their works without having to go to each and every performing rights organization and spending thousands of dollars dealing with the various song registrations. Just a simple one time fee gets all your works registered while you keep 100% of your rights.
Sync Licensing Make of your music available for opportunities in film, TV, commercials, video games, and any form of visual media. The realm of music licensing is an exciting and lucrative revenue stream for record labels and artists today. Symphonic has an in house Licensing program as well as partners to help spread your music to other areas for maximum exposure. We’ve received placements on HBO, MTV, ABC, Fox, and many other networks around the world!
Protect your copyrights and make money every time your music is used by anyone, anywhere on YouTube. With YouTube’s fingerprint technology your music will be automatically assigned a tracking ID that will allow YouTube to run ads not only on your channel but also in anyone else’s that uploads your music. Allowing you to profit from the ads in your channel and anyone else’s. YouTube has 1 billion unique users each month that are constantly searching for new music. Jump on the wagon!
Symphonic Distribution is heavily focused on new media. As technology continues to evolve we also focus on Distribution of material in the STEMS by Native Instruments format, distribution of video content through our Noiseporn Video Network (Available on Apple TV, Roku, iOS devices), and more. The landscape of music is ever evolving and Symphonic wishes to be at the forefront of what is coming next.