YMYF founder Joel Beckerman outlines the global CISAC-backed education campaign about buyouts
Your Music Your Future International is a global education campaign, led by composers, that seeks to raise awareness about the options composers have with their remuneration. The campaign was launched in February 2021, with CISAC partnering with the successful US composers’ movement to extend it to global audiences.
On July 10th at the Marché du Film of the Cannes Film Festival, the Spot the Composer keynote brought Your Music Your Future Founder Joel Beckerman to highlight the campaign and explain the educational resources available for composers and creators globally. The keynote was organised and supported by CISAC member Sacem.
Joel Beckerman urged composers to use YMYF to understand the different options for remuneration, in particular between the long term income stream provided by royalties as opposed to the single upfront fee that comes with buyouts. The shift to streaming and other factors have increased pressure on creators to accept buyouts. Composers need to make their own business decisions, but they need to be aware of the ramifications for their future income. Usually buyouts are a way “of getting a gig, not building a career”, says Beckerman.
ECSA President Alfons Karabuda added ECSA’s support for the Your Music Your Future International initiative. ECSA has released a report titled “ECSA’s vision on how Europe can prevent buyout contracts” here.
Your Music Your Future has been rolled out in four languages – French, Spanish, Finnish and Portugueses – and is available here.
The Spot the Composer keynote can be viewed here.
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