MBU 3450 Lecture Notes - Lecture 3: Sesac, Harry Fox Agency, Mechanical License
27 Feb 2017
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Document Summary
Processes mechanical license requests: statutory rate - 9. 1, reduced rate, types of mechanical licenses: First use - whoever gets to use the song rst, only the publisher can make that decision. Compulsory - must license, but not the stipulations of publisher. Synchronization (sync) license - music synchronized to a moving image. Most favored nations clause - will be paid no lower than the highest rate being paid (favors the publisher, allows them a promise from the record label > will be paid as high as the highest paid publisher) Harry fox agency - mechanical royalty organization; takes 11. 5% - owned by sesac. Catalog department - for all licenses, keep track of music and. Finance department - process all expenses spent on behalf of songwriter. Recoupment - publisher takes the money spent on the songwriter back. Royalty department - issue semi-annual statements; issue money to songwriters or crediting the amount.
