BMG has launched a boutique neighboring rights service, the company announced Wednesday (May 20).
Headed up by BMG’s vp operations strategy David Miller, the service has already signed up DJ and producer Jonas Blue and Roger Daltrey, lead singer of The Who. Miller and his team will ensure that each artist’s recording catalog is accurately registered with collective management organizations (CMOs) in roughly 40 countries worldwide, while tracking international income and facilitating faster royalty pay-through.
“Our mission is to maximize the value of each and every copyright, ensuring all our artists benefit from one of the worldwide recording industry’s fastest-growing income streams and receive all payments promptly and accurately,” said Miller in a statement. “Importantly we try to make the deal process swift and easy for potential clients, coming to the table with an offer within five business days from receiving information about the deal.”
Miller notes that the company has already identified artists who could increase their international income by as much as 50% using the service.
“Neighboring rights brings to seven the number of distinct services BMG now offers to artists,” added BMG COO Ben Katovsky, “alongside music publishing, recordings, production music, film, books and management… We don’t aim to be the biggest in neighboring rights, but we certainly plan to be the best.”