5 Essential Steps to Start a Music Publishing Studio in the USA

 

Willing to start your own music publishing studio? Having a music publishing studio in this era when the music and publishing industries are at their peak, the music publishing studio can prove to be extremely beneficial for you. Now starting your own music publishing studio is easy but have you ever wondered how are you going to handle all the unfamiliar publishing work from finding, compiling, reporting, promoting, protecting, and much more. The annual revenue of $3 Billion of 2020 proves how much of a great idea is to have your own music publishing studio.

 

The main objective of the music publishing studio is to make things simpler and easier for the artists. When the artists are ready to showcase their work to the entire world, the music publishing studio helps them to put their work out there in the most efficient way. The music publishing studio makes sure that the music and song is protected and the ways to make more royalties on it. From copyrighting issues to distributing the songs, you can be result assured because these tasks are in the hands of professionals who knows how to achieve exceptional results. Having your own music publishing studio is exciting but one cannot deny that this job is extremely risky and tough. A lot of thinking, fore-thought, and hard work goes into it. If you do not have any appropriate or important knowledge about the music publishing studio, it is time to learn and remember the stuff on your fingertips.

Once you have successfully music publishing studio, keep in mind that the artists will have a lot of expectations from you. Therefore, it is important to get creative and think outside the box. The professional and good music publishing studio can instantly increase the earning of the potential client by efficiently expanding streaming. One right move from the music publishing studio can make the whole career of some and one wrong move can completely destroy one as well.

Therefore, it is essential to plan out things beforehand. Creating and building the music recording studio is very easy but running it remarkably well is a tough job. The best way to make sure things go all right, you need to start planning out the things. Opening an entire brand-new company is not easy. There are so numerous things that are requires our attention and thought. From handling the competitions to staying on top, getting artists the royalties, they deserve, while also keeping their music protected. These factors need planning because without there are high chances that the music publishing studio would turn out to be a disaster.

 

 

 

Having a music publishing studio and earning twice the money might be a great motivation but it is vital to remember that a lot of time, money, and hard work is going to go into it. The artists rely on the music publishing studio because they are professional and are aware of all legal aspects and rules.

Here are 5 essential steps to start a music publishing studio.

Name your studio

The first and most important step is to come up with a unique name for your music publishing studio. Think out of the box and be clever while choosing the name. Do not go for something generic otherwise, your music publishing studio will not appear catchy and will not gain attention. The name should be attractive that instantly pitch to potential clients. Keep in mind, that the name is going to be displayed everywhere so make sure it is appropriate, memorable, and descriptive. 

 

Time to register 

This is the time when you register the music publishing studio as a business. For this, you need to provide the name of the company under which the business will take place. An important tip over here is whatever the name you have come up with, make sure you get it registered with the Secretary of State. Once the name is registered, you will receive your federal Tax ID number as well. 

 

Open a business banking account.

Now that the name is all set and done and your music publishing studio is also registered, it’s time to open a bank account that is going to help you with analyzing the changes and growth of the music publishing studio. A thing to note here is that since the bank account is registered as a business, you will be required to pay taxes on whatever income you will generate.

 

Copyright your songs

One of the most crucial things is to get all the songs and music copyrighted. As the owner of the music publishing studio, you will be liable if someone illegally used your artist’s song. By getting songs copyrighted, you will have strong legal protection which means in the time of theft or illegal acts, you - the music publishing studio can take lawful action against the people. 

 

The royalties

When it comes to collecting royalties, the music publishing studio has to get affiliated with the PRO to collect the performance royalties. For the mechanical royalty, the music publishing studio has to get registered at Harry Fox Agency as a publisher so that it allows you to collect royalties on time and distribute them on time. 

 

A tip- Find an international administrator

When your company starts to flourish try to get potential international clients. For that you will need an international administrator who can guide you about the methods and requirements. Over time, you can expand your music publishing studio and can attract international clients.