Law 2.0 Conference Reviews Music Royalty Scams

Law 2.0 Conference's panel discussion, hosted in the USA, reviewed music royalty scams, spam and frauds, along with solutions to decrease their occurrence.

LAS VEGAS - April 12, 2023 - PRLog -- Music royalties are a crucial aspect of the music industry, providing income to artists, songwriters, and other creators for the use of their works. Royalties are paid out when music is played on the radio, streamed online, or used in TV shows, movies, and other media. As musicians and artists rely heavily on their income from music royalties, raising awareness about the types of scams and how to prevent them is crucial. Panelists at Law 2.0 Conference, on December 19-21, 2022, at Mandalay Bay, Las Vegas, USA, reviewed prevalent music royalty scams, spam, and fraud and explored potential solutions for this discrepancy.

The most recent law conference tackled the pressing issue of music royalty scams within the creative industries. The experts from across the world agreed that combating the scams had become more challenging than ever due to the internet age. Before delving into the scams, experts at Law 2.0 Conference explained the importance of understanding the different types of music royalties.

Moving over to the discussion of scams, spam, and frauds surrounding music royalties, experts started with the occurrence of split sheet frauds. A split sheet is a legal document that outlines how songwriting credits and royalties are split between multiple collaborators. Scammers may falsify split sheets, claiming credit for work they did not contribute to.

Scammers have found ways to exploit the system with the rise of streaming services. They may use bots or fake accounts to offer assistance with promises to increase the number of streams for a song, which can result in inflated royalty payments. However, these results are often short-lived and can lead to account suspension, causing legal and reputational damage to artists.

Experts on stage insisted on artists being aware of registering their work with a performing rights organization (PRO). PROs such as ASCAP, BMI, and SESAC collect and distribute royalties on behalf of their members. Registering works can help ensure that artists receive proper and timely royalties for their music.

PROs and digital music services should be transparent about collecting and distributing royalties. They should also make it easy for musicians to track their royalties and report suspicious activity. Musicians and artists must stay current on industry news and developments, including new scams or fraudulent activities. This can help them spot potential scams before they become a problem.

Grab the opportunity to meet and learn about such crucial topics from the top experts in the legal industry by becoming a part of Law 2.0 Conference, a global law conference hosted in the USA in 2023! Learn more about the legal event by visiting www.law2conf.com.