Bajan Sun Magazine - Caribbean Entrepreneurs Vol 1 Issue 10 | Page 101

BAJAN SUN MAGAZINE DEC 2014 Obviously, this would be impractical, if not impossible licensees, in most cases as a blanket licence. This means given the time, effort and certainly the cost of identifying that with the COSCAP licence the user will be able to all the rights holders, who could be anywhere in the access all of the musical works in the COSCAP world and negotiating permission (a licence) from each. repertoire. This is the reason why CMOs were first established as they function to license the rights of their members and to COSCAP has to monitor the use of the musical works so facilitate those persons who need to license these rights that it is able to determine who are to be paid royalties so that the process is easier and more economical. There and how much. Though this activity in computerised it is are 227 CMOs worldwide from 120 different countries very costly because there is reliance on a combination of representing over 3 million individual creators from all methods; including samples of the music which has been the artistic disciplines: music, drama, literature, audio- broadcast and taken at various premises and a census of visual, graphic and visual arts. live performances at large concerts. The rights holder is paid according to the number of times his music appears In the case of COSCAP, rights holders – songwriters, in the samples or live performance data. performers, record companies and music publishers join royalty payments depend on: the number of popular the organisation and agree to have COSCAP manage works the rights holder owns and the number of persons certain public who are sharing the rights in a work (the more performance and reproduction rights on their behalf as songwriters there are for one song, the smaller the share these are the most difficult to be managed on an of royalties for each). Of course, it also helps if the songs individual basis. COSCAP through a global system of are performed or broadcast outside of Barbados so that reciprocal contracts with sister societies also administers the rights holder earns royalties internationally. the rights, rights specifically, the broadcast, of international rights holders in Barbados while rights Barbadian holders are represented by sister CMOs in territories. their Together, the works of the local and international rights holders comprise the COSCAP repertoire which it in turn makes this available to 101 www.bajansunonline.com/MAGAZINE/ | [email protected] | @BajanSunOnline Typically,