Billboard Latin Music Week kicked off Monday (October 14) morning at the Fillmore Miami Beach with a 15-minute crash course on how artists can collect their royalties. In a panel titled “Global Wealth: How to Collect Your Neighboring Rights Around the World,” speaker Fernando Prados, AIE member area director, revealed insights on the topic.
“AIE collects the neighboring rights of its members in 59 countries and helps the reputation and recognition of the musical work,” he said.
“Neighboring rights” is the term used to refer to the public performance rights associated with a recording, which create public performance rights for the artists and copyright holders of the recording.
Prados explained that the beneficiaries are “artists in the recording of songs that are hits, as well as the main musicians who participated in the session.” He also pointed out that “the role of producer does not apply to rights, only if the producer is presented as an artist”. It is also possible to make a joint venture with the owners of the master, for example Warner Music.
At the end of the panel, he also encouraged all the artists at Latin Music Week to keep making music because “the repertoire doesn't produce much at first, but it's important to have it for when you get that success.”
Over the past 35 years, Latin Music Week has become a steadfast foundation of Latin music in this country, serving as the most important—and largest—gathering of Latin artists and industry executives in the world. Originally called Latin Music Seminar, sponsored Bulletin boardthe event dates back to 1990, when it began as a one-day event in Miami, featuring a two-artist exhibition and an awards show.
Over the years, it has taken place in Miami, Las Vegas and Puerto Rico, returning to Miami Beach for a fourth year in a row in 2024, and has welcomed some of the biggest Latin acts including Celia Cruz, Selena, Ricky Martin , Chayanne, Jenni Rivera, Daddy Yankee, Karol G, Bad Bunny and Romeo Santos. Latin Music Week coincides with the 2024 Billboard Latin Music Awards, which will air at 9 p.m. ET on Sunday, October 20, on Telemundo. It will simultaneously be available on Universo, Peacock and the Telemundo app, and in Latin America and the Caribbean through Telemundo Internacional.
from our partners at https://www.billboard.com/music/latin/billboard-latin-music-week-2024-how-to-collect-royalties-panel-recap-1235798956/