So what is Neighboring Rights? It is an efficient, effective, and technology-neutral regime of statutory protection for the copyright and other related rights Simply put it?s an international royalty paid to actual performers and master owners. If you qualify, you should collect what?s due you. If left unclaimed, those funds remain in a suspense account until you claim it (time limits do apply which does vary between countries), or it can either revert back to its source or shared among other musicians. This depends on the rules and guidelines of any given country.
Revenues are collected in many areas, but unlike a publishing royalty, this is an actual performer and master rights royalty. Whether you sell your music on iTunes or other internet based stores yourself, or signed to a record company, it has no bearing on this type of royalty. The societies we work with collect Neighboring Rights royalties from various areas in those signatory countries (Rome Convention). Areas of collection include, radio, TV, theatres, clubs, restaurants, etc. much the same areas where Performance Rights Societies collect for writers and publishers. (Think of this like a George - Ringo royalty). Collections are also made arising from private copying levies on blank recording media. In addition, you will receive monetary compensation from various streaming sources such as web based radio, satellite radio and other digital transmissions.
Neighboring Rights and private copying royalties are becoming progressively more popular around the world, there continues to be many eligible musicians who could be benefiting from this new and additional income stream. This is something to talk about with your fellow musicians!
We invite you to open up the sheets below that best explain it. We are here to help you. Also, you are highly encouraged to research Neighboring Rights and its origins.