In the case of music, the term ‘copyright’ is normally divided into ‘Author’s Rights’ and ‘Neighboring Rights.’

 

‘Author’s Rights

‘Author’s Rights’ is a right held by the creator of the original work (in the case of music, lyricist/songwriter/arranger/etc.), or a person who has transferred/inherited the right from the original holder.

 

Neighboring Rights

‘Neighboring Rights’ is a right held by the performer (in the case of music, singer/producer/etc.) who interprets & delivers the original work to the consumers so they can enjoy it..

Among them, the neighboring rights that are serviced through Musicow through an auction are mostly the rights of producers who are highly related to the Author’s Rights.

Under the current Copyright Act, the rights of music producers include the right to reproduce, right to distribute, right to rent, right to transmit (for record producers/digital audio transmission service providers/performers who perform using a commercial record), and the right to claim for compensation.

 

In terms of ‘value,’ considering that both author’s right & neighboring right are rights that are protected on a long-term basis, there is not much difference between the current value of author’s right and neighboring right (earned by converting the expected future profit to current value)

However, under the current law, the author’s right is protected for 70 years after the death of the original author (artist), and the neighboring right is protected for 70 years after the release of the record. Therefore, you must remember that if you hold decide to purchase a share of neighboring rights, the amount of time where you can receive the copyright royalty will be relatively short.

다자간상대매매란 여러 사람이 제시한 가격과 수량 중, 사고자 하는 사람(구매자)과 팔고자 하는 사람(판매자)의 주문가격이 일치될 때에만 체결되는 거래 방식입니다.

서킷브레이커란, MCPI(MUSIC COPYRIGHT PROPERTY INDEX)가 급락할 경우 시장을 진정시키기 위해 마켓 거래를 일시적으로 중단시키는 제도입니다. 뮤직카우는 시장의 비이상적 흐름을 차단하고 고객들에게 냉정한 투자판단 시간을 제공하기 위해 서킷브레이커를 도입했습니다.