The music industry is one of the fastest moving industries in the world, constant shifts in technologies and marketplace, mean record labels need to diversify their revenue streams and maximise the income from their assets in order to survive and thrive.
Neighboring Rights are one of the fastest growing revenue streams in music, therefore it is important to understand what they are and how you can utilise this stream of income.
What are Neighbouring Rights?
Neighbouring Rights are related to the public performance of recorded music. Neighbouring rights are due when recordings have been broadcast on radio, TV, in a public place such as a bar or restaurant, or on new media somewhere in the world.
Who can claim Neighbouring Rights?
Both the master recording owner and the performer are due Neighbouring Rights royalties, as a result of the public broadcast of their recorded work. As a Record Label, you often own the master rights to your audio recordings, in which case you will be due royalties. Performers include anyone who has performed on the track, form singers to instrumentalists.
What is the difference between Neighbouring Rights & Performance Rights?
Neighbouring Rights from Performance Rights, as Performance Rights relate to the composition of the track and not the master recording.
Performance Rights are usually paid to Performance Rights Organisations such as PRS, ASCAP/BMI, GEMA.
How can I claim my Neighbouring Rights?
Label Worx sister company Lime Blue Music specialise in Neighbouring Rights collection and royalty distribution. If your recordings have been broadcast on radio, TV, in a public place such as a bar or restaurant, or on new media somewhere in the world, please get in touch with them here: https://www.limebluemusic.com/#contact