BassMunkee Posted June 12, 2009 Share Posted June 12, 2009 ...does it make any difference? We are based in the UK, does it matter if we sign up with BMI - (other than it's free)! I know how they work and I know what they do - I just wanna know if it makes any difference which one I sign up with... Any advice would be much appreciated. Cheers! Quote Link to comment Share on other sites More sharing options...
thedontcarebear Posted June 12, 2009 Share Posted June 12, 2009 When I saw this, all I thought was body mass index or paul reed smith! Quote Link to comment Share on other sites More sharing options...
BassMunkee Posted June 12, 2009 Author Share Posted June 12, 2009 lol. We actually fit MCPS currently, rather than PRS, which is a pain because MCPS is £50 and PRS is a tenner and looks easier to administer... I know you don't actually have to sign with MCPS if you're record company is a member, but they're american so I doubt whether they are! Oh well £50 it is then - you have to spend money to make money, mind you we could join both I suppose - that might be better. Then again BMI is free!! Quote Link to comment Share on other sites More sharing options...
Lee-Man Posted June 12, 2009 Share Posted June 12, 2009 BMI ASCAP and SESAC are all American collection agencies. You should have a look at The PRS for Music (the alliance of MCPS-PRS) as this would fit your needs better I suspect. Hope this helps. Quote Link to comment Share on other sites More sharing options...
cetera Posted June 12, 2009 Share Posted June 12, 2009 [quote name='BassMunkee' post='511825' date='Jun 12 2009, 08:38 AM']lol. We actually fit MCPS currently, rather than PRS, which is a pain because MCPS is £50 and PRS is a tenner and looks easier to administer... I know you don't actually have to sign with MCPS if you're record company is a member, but they're american so I doubt whether they are! Oh well £50 it is then - you have to spend money to make money, mind you we could join both I suppose - that might be better. Then again BMI is free!![/quote] MCPS and PRS deal with different royalty types. MCPS look after your 'mechanical' royalties (i.e. monies from sales of 'product' - cds, dvds etc) whereas PRS look after your 'performing right' royalties (i.e. monies from live performance, airplay on radio, tv etc). You need to belong to both. BMI may be free but they are based in North America, look after their home talent first and take ages to pass on any royalties from outside the US. If you are UK based and have most gigs and airplay in the UK and Europe with some further afield, you should join PRS/MCPS. PRS has the lowest admin deduction rate of any royalty organisation AND more 'reciprocal agreements' with other societies than any royalty organisation. This means you will receive more money, more often, from more territories... I can't see any benefit to joining BMI.... Quote Link to comment Share on other sites More sharing options...
BassMunkee Posted June 12, 2009 Author Share Posted June 12, 2009 [quote name='cetera' post='511959' date='Jun 12 2009, 11:19 AM']MCPS and PRS deal with different royalty types. MCPS look after your 'mechanical' royalties (i.e. monies from sales of 'product' - cds, dvds etc) whereas PRS look after your 'performing right' royalties (i.e. monies from live performance, airplay on radio, tv etc). You need to belong to both. BMI may be free but they are based in North America, look after their home talent first and take ages to pass on any royalties from outside the US. If you are UK based and have most gigs and airplay in the UK and Europe with some further afield, you should join PRS/MCPS. PRS has the lowest admin deduction rate of any royalty organisation AND more 'reciprocal agreements' with other societies than any royalty organisation. This means you will receive more money, more often, from more territories... I can't see any benefit to joining BMI....[/quote] Thank you. In that case case I shall join both then, probably better to do that than do one and have to do the other one later. It's probably about time anyway, and our record company wants us to... Thanks again for the advice. Quote Link to comment Share on other sites More sharing options...
Lee-Man Posted June 12, 2009 Share Posted June 12, 2009 If you meet the criteria to join both now do it asap. It's amazing how much money goes unclaimed every year. You should also look at the PPL as well. Quote Link to comment Share on other sites More sharing options...
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