Advice for Emerging Artists & Musicians
Sentric Music Blog
Nick Otaegui - Sentric Artist Embassador
It’s mad how common and regular it is for bands to miss out on royalties owed for a gig they’ve played. Verifying gigs online, keeping your Sentric profile up to date can be a pain in the ar*e and an easy one to let slip.
After the last few months working at Sentric, it's something I’ve seen pop up quite regularly and the one thing that can really help keep things ticking over for any band.
This week I’ve been back rehearsing and writing with Tea Street Band, working on the last few tracks for our next album. All sounding good and shaping up nicely. As usual with most bands, this all takes place somewhere between your home and the rehearsal room, possibly walking your dog, in the bath or even on the bus of a morning escapism from the harsh reality of the daily grind.
Getting it together with the full band always takes place in the studio. Cranked up, mics on, pushing it as far as you can. Head home about 5 hours later with tinnitus and a trashy room recording of the tunes on one of the lad’s phones.
Week in, week out, you’re busy crafting and creating, chopping and changing till it all feels right and everyone’s happy. The studio is key to all of this. You need your space, your collective headspace, the band's domain, to get it all out your system and working together as one unit.
The trouble with all of this, though, the studio costs money. Rehearsals mean rent. If you’re writing all the time and not out gigging till next month or even next year, where is this rent coming from? The supposedly endless pockets of lucrative musicians? Yeah right, that’s the dream anyway.
Its pretty simple really, a band, like any business needs revenue to survive and move forward. The murky music industry seems to place most of the chances on a sustainable career on the “Next Big Thing” vibe. Crack it big time and you're sorted, otherwise just keep spending your own money.
After years of playing and managing your own band, you get better looking after the accounts, understanding where you can actually keep money coming in. Then the penny finally drops on where you’ve missed out on years of publishing revenue from your catalogue of songs…
I was gutted when I realised the 150 gigs I played with The Maybes? In 2004 would have been registered with PRS and for every one of those gigs, the band was due to a royalty payment on the live performances of the songs. So many years on we’ve all missed the opportunity for back payment.
That money would have come in handy then, even more so now when the band isn’t active out playing paid shows and income is its lowest.
Working with Sentric to look after the Tea Street catalogue has changed all of this for me and the lads. Every show we’ve played over the last few years has been verified and processed, royalties collected or due for collection. Amounting to a reasonable sum every year that goes along way in keeping the band afloat.
This money isn’t collected instantly and in some cases, it can take a while for it to actually find its way to the band's bank account. The good thing about this is, though, times like this where we aren’t active and earning money from releasing records or playing live, money is still finding its way to us
So this week after our Sentric royalty statements have been issued, the band can sleep a little easier knowing that our gigging exploits from mid last year or so, are now paying for our rehearsals for the next 2 months.
Simple message really. Keep on top of your publishing royalties and all revenue streams.
Every gig you play, PRS is due on any original composition that’s been played live.
Don’t miss out like I did for years with this. Get on it, get active and make sure your songs work for you and the band. The easiest way for us is updating our Sentric profile.
Sometimes it feels like money for nothing, but it's owed to you and you deserve it. Make the most of it, buy some new gear, box a van off for your next gig, get a bevvy in for the rest of the band or have your studio rent paid for like we do!
Need to update your Sentric Music account? Log back in now to add your latest songs and live performances.
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