In the past few months I’ve begun analyzing and becoming more familiar with the Music Industry. At this point my vision is becoming more and more clear of the road that I want to travel in the future. My business Idea goes with composer management and music publishing. Talking a little bit about music publishing, there are several music-publishing companies which composers and songwriters are involved with, one of those is BMI (Broadcast Music Inc.). BMI is an organization that collects licenses fees on behalf of songwriters, composers and music publishers. This company has become one of the most important companies of publishing, which means that it is a little bit difficult to compete with the same. On the other hand exists a connection that new companies or associations can work together with this type of company that in my case can help me build my own company. In the music industry, there exists several association affiliates with BMI, one of these associations is the Songwriter Circle. Songwriter Circle association is located in New York which service is a creation of showcase to engage and help only songwriters to share their music and be involved in the public market. Even though this company and association are my competitors, they influenced me to work hard toward a target. Associations like Song Circle impact the world with the purpose of bringing opportunities to talented people that don’t fully understand how the music business works and strive to get more recognized songwriters. Offering a full service music community and social media destination site that every talented person can participate. This kind of association can affect my company because they have a recognized name and are affiliates with well-known companies apart from BMI with EMI Music. The objective of my company is well related with the Song Circle association. My company goes to bring the opportunity to the people who work behind the scenes in music, not only songwriters but with composers and writers that I can make a combination of talent and create a productive result for the music industry.
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