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COTT’s Role within Music IP Landscape

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This document summarizes the role of COTT, a performing rights and mechanical rights society in Trinidad and Tobago, within the music IP landscape. It discusses COTT's membership, affiliation with international organizations like CISAC, involvement in the Association of Caribbean Copyright Societies to facilitate regional cooperation, revenue streams from various sources, distributed royalties from 2013-2015, areas for potential growth, and dilemmas facing the music industry like technological shifts and intellectual property enforcement. It concludes with recommendations for valuing local content, developing music publishing, growing digital revenue, engaging corporate Trinidad and Tobago, and consolidating the fragmented industry.

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COTT’s Role within Music IP Landscape Josh Rudder Chief Executive Officer, COTT Vice Chairman, Management Committee - Association of Caribbean Copyright Societies (ACCS)
COTT’s Role within Music IP Landscape
Our Organisation ? Established in 1984 (30 years) ? Performing rights & mechanical rights society ? Over 3,000 local members representing T&T’s most prolific music creators and publishers ? 3 million authors and composers and in excess of 80 million musical works via our international reciprocal agreements ? COTT is a member of the International Confederation of Societies of Authors and Composers (CISAC).
Association of Caribbean Copyright Societies (ACCS) ? Communication link between Caribbean Copyright societies facilitating regional integration and concentrated efforts in one common direction ? Centralized Database ? Vericast Monitoring System - BMAT ? Harmonization of practices (Governance, Licensing & Distribution) ? Pan Regional Licensing (DSPs)
Revenue Streams ? Live Events – (Carnival) ? Live Events – (Concerts, etc.) ? Establishments / Premises ? Broadcasters ? Cable Operators ? Synchronization ? Foreign Incoming Royalties (Bi-Lateral Agreements) ? Digital (Streaming, Downloads)
Distributable Income (2013 – 2015) ? 2013 - $9.06M ? 2014 - $9.85M ? 2015 - $9.75M *unaudited
Areas of Potential Income Growth ? Radio / Broadcasters ? Cable ? Digital ? Concerts and Events
Dilemma Facing Music Industry ? Disregard for Intellectual Property Rights (Major users) ? Law Enforcement ? Multiple organisations operating in the same environment / market ? Technological Shift – Digital Media ? Value / Lifespan of a music catalogue - Publishing ? Lack of IP Awareness
Dilemma Facing Music Industry (cont’d) ? Local Content & Airplay ? Fair Value of Music / Rates ? Understanding the values Music IP plays in the the Creative Industries.
The Way Forward 1. Valuing Local Content and Creating Avenues for music exploitation to create revenue. (Infrastructure / Spaces, Carnival, Music Export vehicles) 2. Music Publishing 3. Digital Revenue 4. Role of Corporate T&T 5. Method of Defragmenting the Industry
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COTT’s Role within Music IP Landscape

  • 1. COTT’s Role within Music IP Landscape Josh Rudder Chief Executive Officer, COTT Vice Chairman, Management Committee - Association of Caribbean Copyright Societies (ACCS)
  • 3. Our Organisation ? Established in 1984 (30 years) ? Performing rights & mechanical rights society ? Over 3,000 local members representing T&T’s most prolific music creators and publishers ? 3 million authors and composers and in excess of 80 million musical works via our international reciprocal agreements ? COTT is a member of the International Confederation of Societies of Authors and Composers (CISAC).
  • 4. Association of Caribbean Copyright Societies (ACCS) ? Communication link between Caribbean Copyright societies facilitating regional integration and concentrated efforts in one common direction ? Centralized Database ? Vericast Monitoring System - BMAT ? Harmonization of practices (Governance, Licensing & Distribution) ? Pan Regional Licensing (DSPs)
  • 5. Revenue Streams ? Live Events – (Carnival) ? Live Events – (Concerts, etc.) ? Establishments / Premises ? Broadcasters ? Cable Operators ? Synchronization ? Foreign Incoming Royalties (Bi-Lateral Agreements) ? Digital (Streaming, Downloads)
  • 6. Distributable Income (2013 – 2015) ? 2013 - $9.06M ? 2014 - $9.85M ? 2015 - $9.75M *unaudited
  • 7. Areas of Potential Income Growth ? Radio / Broadcasters ? Cable ? Digital ? Concerts and Events
  • 8. Dilemma Facing Music Industry ? Disregard for Intellectual Property Rights (Major users) ? Law Enforcement ? Multiple organisations operating in the same environment / market ? Technological Shift – Digital Media ? Value / Lifespan of a music catalogue - Publishing ? Lack of IP Awareness
  • 9. Dilemma Facing Music Industry (cont’d) ? Local Content & Airplay ? Fair Value of Music / Rates ? Understanding the values Music IP plays in the the Creative Industries.
  • 10. The Way Forward 1. Valuing Local Content and Creating Avenues for music exploitation to create revenue. (Infrastructure / Spaces, Carnival, Music Export vehicles) 2. Music Publishing 3. Digital Revenue 4. Role of Corporate T&T 5. Method of Defragmenting the Industry

Editor's Notes

  • #9: Determining Fair Rates: – Low rates - music creators do not get a fair returns for their efforts - High Rates – affect broadcasters ability to provide public with music.
  • #10: Determining Fair Rates: – Low rates - music creators do not get a fair returns for their efforts - High Rates – affect broadcasters ability to provide public with music.