Overwhelming interest in YouTube Escrow Liquidation Agreement
Since SOCAN publicized on February 23, 2017, the YouTube "Liquidation Agreement" available to music creators without a publishing agreement, SOCAN and Audiam have received hundreds of calls from existing and potential members and clients interested to learn more.
Please refer to our Frequently Asked Questions piece that provides extensive information about the process, and what might be available to songwriters and composers whose music is featured in YouTube videos.
- It was the National Music Publishers Association (NMPA) that originally negotiated the settlement with YouTube.
- If you have entered into an agreement with a music publisher, then you should assume that your publisher administers these rights for you. The same applies in the case of a publishing administration deal. Audiam cannot work for you.
"We are delighted with the interest from existing and potential SOCAN members and Audiam customers," said SOCAN CEO Eric Baptiste. "While not everyone will benefit greatly or at all from the YouTube Liquidation Agreement, it's important that all songwriters and composers look after their rights so that they can be sure to receive everything that they have earned in royalties, regardless of the source."
Until May 31, 2017, songwriters and composers can participate in the "Liquidation Agreement" for synchronization royalties they have earned from U.S. views of videos on YouTube between August 1, 2012 and December 31, 2015.
Through the agreement negotiated by the NMPA, YouTube has designated only three months to make claims on royalties. The process is open to all songwriters and music publishers who control the administration of the synchronization right in the US.
Eligible songwriters and composers who have not at this point joined the YouTube Liquidation Agreement can affiliate with Audiam. Rights holders must have exclusive control of their U.S. administrative synchronization rights to composition(s) used in YouTube videos.
Becoming an Audiam client is free, and an administration fee of 25 per cent is applied to distributed royalties. SOCAN members are eligible to receive a special administrative fee of 20 per cent.