Songbay for Sellers, How does it work?
Advantages for SELLERS:
What Is Songbay?
In order to sell your music and lyrics on Songbay, it is important that you are aware of what it is we do and what your selling options are.
Songbay is a unique library which stores and advertises music and lyrics which are
purchased by anyone needing original material in their productions.
purchased by anyone needing original material in their productions.
Typical users include:
- Companies looking for music for websites
- Managers/Agents searching for new material for artists
- Producers looking for music for films and TV commercials
- Composers looking to collaborate with Lyricists
- Lyricists looking to collaborate with Composers
Selling Options
As a seller on Songbay, you can choose to sell your music and lyrics in the
following ways:
following ways:
- As a Download (for personal use only).
- As a Sample (songs only) (a short extract of music).
- As a Single-Use License (like loaning your song or lyric to another person for a specific purpose).
- As a Copyright Exchange (where all rights are transferred
from Seller to Buyer).
We will assume that you are already familiar with digital downloads and
music samples, but perhaps less clear on music licensing and copyright
exchange.
music samples, but perhaps less clear on music licensing and copyright
exchange.
Licensing
This is the most popular selling option at Songbay. In simple terms, a music license is like agreeing to loan a song or lyric to another person for a specific purpose. Instead of ‘loan’, the music industry uses the word ‘license’.
Songbay licenses
Our licenses are known as ‘single-use’ licenses and are ideal for
artists who want to retain all rights and control of their work, whilst
at the same time, receiving license payments from users who wish to loan their work.
Example uses of these licenses (loans) might be for a website, a
company video, a radio commercial, film track, etc.
The buyer pays the artist a fee for a license and can then use the work
legally (for one single project only).
artists who want to retain all rights and control of their work, whilst
at the same time, receiving license payments from users who wish to loan their work.
Example uses of these licenses (loans) might be for a website, a
company video, a radio commercial, film track, etc.
The buyer pays the artist a fee for a license and can then use the work
legally (for one single project only).
A license is a great option for both seller and buyer. The seller keeps
total control of their work and is also entitled to receive royalties whenever their work is performed or broadcast, whilst the buyer gets to use the work legally without having to own the copyright.
total control of their work and is also entitled to receive royalties whenever their work is performed or broadcast, whilst the buyer gets to use the work legally without having to own the copyright.
Advantages of our ‘Single-Use
Licenses’ for Sellers
Licenses’ for Sellers
- You retain all rights to the song or lyric.
- You are entitled to receive performance/broadcast royalties whenever your song or lyric is used.
- A ’single-use-license’ is a ‘non-exclusive’ agreement, meaning
you can sell multiple ‘single-use licenses’ simultaneously. For example, you could grant a license to 10 different people for 10 different projects and receive 10 royalty shares, potentially quite profitable!
In essence, the more your work is licensed, the more fees and
performance/broadcast royalties you will receive.
We even supply and complete the license agreement between seller and buyer without charge!
performance/broadcast royalties you will receive.
We even supply and complete the license agreement between seller and buyer without charge!
Copyright Selling
Another unique option which we offer to Songbay users is copyright selling.
For a fee, which you decide, you can sell the copyright of your work to another person. The new person then becomes the legal owner and copyright holder of the the music or lyric. The buyer can then do as he or she wishes with the work, also becoming eligible to future royalties.
Clearly this is the most expensive option for buyers and (initially),
the most lucrative for sellers. Many composers/lyricists prefer to retain the
copyright to their work so do not choose this selling option, but others
wishing for higher fees, are happy to sell copyrights.
For a fee, which you decide, you can sell the copyright of your work to another person. The new person then becomes the legal owner and copyright holder of the the music or lyric. The buyer can then do as he or she wishes with the work, also becoming eligible to future royalties.
Clearly this is the most expensive option for buyers and (initially),
the most lucrative for sellers. Many composers/lyricists prefer to retain the
copyright to their work so do not choose this selling option, but others
wishing for higher fees, are happy to sell copyrights.
As with all sales at Songbay, we supply and complete the
copyright agreement between seller and buyer without charge.
copyright agreement between seller and buyer without charge.
How much should I charge for my work? Unlike other companies, we allow you to set your own fees for your work without deducting commission from you sales. So whatever fee payments you receive at Songbay, you keep! When uploading your songs and lyrics to our online sellers area, we advise you on the recommended industry prices, to ensure you do not over or under charge for your work.
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