Showing posts with label getty. Show all posts
Showing posts with label getty. Show all posts

Thursday, October 11, 2012

Getty offer to turn Soundcloud into pounds. At a price.

You know how, if you're happy to not be fussy about what happens to them, you can ask Getty to take care of commercial licencing for your photos on Flickr?

They're about to start offering a similar service on Soundcloud.

The upside is that, if your music is there, and someone wants to use it on a film or in a podcast, Getty will make the process very smooth.

The downside is that, because Getty are interested in scale and flogging rights with an industrial approach, there's not much room for artists to control what happens to their music. You sign up for Getty to be not just your middleman, but your manager, too. The ratecard is fixed, the artist hands over any power to object if, say, an anti-abortion podcast wants to use a song from an abortion supporting singer.

Although Getty have a cookie-cutter approach, they're charging quite heavily for it, as Hypebot explain:

If the music is licensed, the artist receives just 35% of the upfront licensee fee plus 50% of Getty Images' share, as publisher, of any backend performance royalties.
It might be frictionless, but given Getty merely wait until someone asks to use the music and pushes a bit of paperwork around, it's hard to see why they're helping themselves to such a large slice of the cash.


Sunday, January 29, 2012

Getty takes steps towards becoming a music business, too

You'll be familiar with stock photo behemoth Getty Images, right?

[Insert picture of slightly unconvincing model looking convinced]

They're branching out. They've had a stock music business for a while, but now they're signing up ;name' artists (well, Joss Stone) to provide notes-for-notes. The Next Web explains:

Singing-songwriter Joss Stone was on hand to endorse the announcement. Her new independent label Stone’d Records has partnered with Getty to use the service as a revenue stream. Indeed, Getty is pitching this as a useful source of income for upcoming and established artists alike. The service is designed to simplify the process of gaining the rights to include music in a production, which can be difficult for content producers to navigate.
You could see this being quite attractive to larger media companies - background music which requires neither tortuous negotiations for overseas sales or online use, nor the shuffling down to the library of ominously-titled CDs for something royalty-free. May be a bit of a worry to both royalty collection agencies and library music companies.