This little-known stream of royalty payments can be significant, especially as U.S. music companies and their artists come to better understand the value in neighboring rights to their bottom line. Neighboring rights revenue has increased over 50% in the last five years to over $1.5 billion.
- Bruce Lampcov, North American Representative, Fintage Music
- Dan Millington, PPL Performer Account Manager
- Joseph Rust, CPA, CFP, Partner, PragerMetis CPAs
- Who qualifies to collect?
- The importance of nationality, country of recording, publication or release
- Main territories for neighboring rights income
- Main sources of neighboring rights income
- How monies are collected and distributed
- Income to labels and performers: who gets what
- Can neighboring rights be assigned, licensed or transferred?
- Issues for U.S. artists and how to collect
NARIP PROGRAM NUMBER
: P357 PROGRAM DATE
: November 18, 2014 PROGRAM TIME
: 1 hours, 55 minutes, 10 seconds (1:55:10) QUESTIONS?
Call 818-769-7007 or contact NARIP
1. Audit Issues Involving Neighboring Rights, courtesy of Joseph Rust
(14 pages). How U.S.-based artists are paid on foreign public
performance fees plus 2 artist case studies and how Prager Metis
collected on behalf of its clients.
2. How To Collect What is Yours, courtesy of Bruce Lampcov (12 pages).
Description of neighboring rights, who pays, what is collected and on
what U.S. artists are entitled to collect. Also includes qualification
criteria, how to maximize revenue for Americans, collection options and
a list of the Neighboring Rights Collection Societies in all signatories
to the Rome Convention.
3. Summary of the Rome Convention detailing legal basis for Neighboring
Rights (1 page).
4. Contracting Parties to Rome Convention (4 pages).
SOURCES FOR MORE INFORMATION
North American Representative
Bruce Lampcov has been working in the music industry for 30 years. Much of that time was spent as a successful record producer and engineer having worked with numerous platinum selling artists including Bruce Springsteen, Bob Dylan, Bryan Adams and The Eurythmics. Bruce is regarded as one of the industry’s most respected business leaders and deal-makers having signed many superstar artists to date. Prior to joining Fintage Music as the US representative he was Managing Director of Kobalt Music for its first four years. Previous to this, Bruce spent three years as Vice President of International Affairs and Business Development with Artist Direct. Bruce is also a part-time beekeeper.
PPL Performer Account Manager
Dan Millington is a PPL Performer Account Manager whose responsibility is to work with new and up and coming artists as well as those who are more established. Dan has been at PPL for over 5 years and works with both artists and their representatives to ensure that their PPL earnings are maximised following the use of their sound recordings both in the UK and internationally.
Joseph Rust, CPA, CFP
Partner, PragerMetis CPAs
Joseph Rust is a Partner in the Advisory Services Department of Prager Metis CPAs, LLC, a member of Prager Metis International Group. He also serves as Partner-in- Charge of the Los Angeles office. He has been practicing since 1984. Mr. Rust has an expertise is several areas of the entertainment field working on behalf of recording artists, songwriters, music publishers, entertainers, as well as executives. His specialties include royalty and profit participation examinations, copyright and intellectual property valuations, financial due diligence, licensing examinations and business management. Mr. Rust takes great pride in providing high value service to his clients including acting in a strategic planning role for his business management clients and as an advocate for his royalty and profit participation clients. Over several decades of experience coupled with the use of technology, Mr. Rust and his team have created a unique process of recovering royalties and providing services to clients which most often benefits the client enormously. His professional affiliations include: American Institute of Certified Public Accountants, California Society of Certified Public Accountants, New Jersey Society of Certified Public Accountants, ABA Section of Intellectual Property Law, ABA Forum on the Entertainment and Sports Industries, California Copyright Conference and Copyright Society of the USA. He is a graduate of Rutgers University and holds a Bachelor of Arts degree in Economics.
Program music courtesy of Sparks and Silhouettes
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