Future Of Music Coalition Wants To Rewrite Rules Of The Music Industry
Artist lobbying group, The Future Of Music Coalition, has issued a "Principles for Artist Compensation in New Business Models". The goals is the adoption of "legitimate digital business models and legitimate digital music marketplaces" which FOMC believes are "critical to musicians’ ability to promote, distribute 
and earn compensation for their music". Highlights include:
Licensing, Collection and Distribution of Revenues
- Revenue sharing: Revenues must be equitably shared between copyright owner and original creator(s).
- Unattributable income: Unattributable income, such as advertising revenue, advances, delivery charges for online content, bulk catalog licensing…must be fairly apportioned between the copyright owners and the creators…
- Complete and accurate reporting
- Direct payment: The creators’ share of the revenue must be paid directly to the creator or its collective agent, not to the copyright owner for redistribution.
- Equal access to new models: All musicians and copyright owners must have equal access to these new models. An indie or unaffiliated musician must be able to license music to new services.
Transparency
- Accurate accounting
- Right to audit
Governance
- Equal representation on governing board: Creators must have the same level of representation as copyright owners on any entity that collects licensing revenues for music.
International
- Collection of International Royalties: Musician shares…must be paid directly to the musician or its collective agent.
More on the Future Of Music Coalition's "Principles for Artist Compensation in New Business Models" here.
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HAHAHHAHAHAHAHAH.
good luck. seems like a self-serving way for this entity to get coverage so they can further their efforts in charging money for their conferences and only giving panel and speaker gigs to those willing to cough up sponsorship dollars.
as an entity focused on conference payola as a business model, it’s quite ironic.
The previous statement is completely false.
None of this makes sense. I’m sure they think they mean what they say but the language and context just don’t get the message across. Who do they think is screwing who?
john lydon, trust me. i used to work for a company that was in the unfortunate situation of being told that “one hand washer the other” in so many words when trying to get panel placement. left an awful taste in my mouth for these cats.
But Steve…what do you think of the principals set forth in the statement?
brendan b brown
wheatus.com
i’d like to see a web site for artists with sample language for contracts with their labels, indie, major or otherwise. and moreover, there needs to be advice for the iodas, tunecores, of the world, in ensuring they are getting the right contractual language with licensees such as myspace music, rhapsody, imeem, etc.
this is not a lobbying effort. this is simply best practices documentation that should be readily available, perhaps as a section on this web site.
what they’re trying to do is just drum up some press because their game of getting sponsors to pony up for their lame conferences is drying up. and rightfully so. it’s called bad karma
In theory, these principles have a great deal of merit. In practice, few companies and entities comply with these principles the way they should. This leaves an enforcement problem. Litigation and audits are costly tools available only for use by the biggest artists or extremely well funded organizations. Does the FOMC have a plan for facilitating the compliance with and enforcement of these principles?
I have had many of my friends speak at their conferences and no one has ever asked them for a dime. In fact, if you look at their past events, the non-sponsors on panels outweigh the sponsors by about five to one. This is no different from any other conference. I think that they do a very good job and fill a void. They seem like the last group that you want to pick on. You also fail to note that the sponsorship money is used to allow musicians to attend any conference for free. There is no evidence to indicate that there has been any decline in their attendance.
John Lydon…The sex pistols were and are a boy band..
Malcolm’s M’s house bitches….HA!
PIL is pretty great though.
Lets all pledge to post using our true identities from now on…Anonymous posting is for record label employees.
bbb
wheatus.com
drunk post
I don’t think that that is really John Lydon.
I don’t think that that is really Keith Levine.
I KNOW DAD…..Gosh!…that’s how come I mentioned no longer posting anonymously!…Geeze Pop!….do you have to blow up my spot on EVERY DAMN BLOG!…..
*PUNCH*
*DRINK*
*CRY*
that’s because your friends were probably not companies that could afford to pay. but when they can, it’s go for the jugular, i assure you.
listen, aside from that, it’s the same jerkoffs saying the same crap at every single conference. no one knows shit. not even the people at the labels.
did you actually learn anything interesting? paleeeze
those who can’t do, do conferences.
Not if it’s a songwriters conference…man you should see the record company dudes at those things….Off in the corner with no one to talk to, looking like they’re gonna cry.
I think you should rephrase: Those who can’t do, work at labels….cause if they knew anything about music they’d be making it….
WITH VERY FEW EXCEPTIONS.
bbb
wheatus.com