NMPA, Warner Music Group Announce New Licensing Agreement for Music Videos
WASHINGTON, Jan. 18, 2013 /PRNewswire-USNewswire/ -- The National Music Publishers' Association (NMPA) announced today it has negotiated a model licensing deal with Warner Music Group (WMG) for music videos. This agreement enables songwriters and music publishers to receive a percentage of the revenue generated from WMG's music videos in exchange for the use of their musical works in those music videos. The deal will be offered to all NMPA members on an opt in basis through the Harry Fox Agency (HFA).
"Music videos are a growing revenue stream for music creators and agreements such as this are becoming increasingly necessary," said David Israelite, NMPA President and CEO. "Warner Music Group has a deep understanding of the value that songwriters provide and we are working together to jointly increase the value of music and ensure that all creators are fairly compensated.
This is the second such agreement NMPA has reached with a major record label and it is another demonstration of the benefit of a strong business partnership between labels, songwriters and music publishers. We expect more labels to follow suit."
In addition to receiving royalties for music videos on a going-forward basis, songwriters and publishers who opt into the WMG agreement may receive retroactive payments for past uses of music works in WMG music videos. The agreement also provides songwriters and music publishers with compensation for offerings relating to ringtones, ring back tones and dual disc, multi-session audio and locked content physical products.
Additional details will be available on the NMPA and HFA websites and sent directly to music publishers in the coming weeks.
About the NMPA
Founded in 1917, the National Music Publishers' Association (NMPA) is the trade association representing American music publishers and their songwriting partners. The NMPA's mandate is to protect and advance the interests of music publishers and songwriters in matters relating to the domestic and global protection of music copyrights.
SOURCE National Music Publishers’ Association