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industry-terms.md

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Industry Terms

  • CMO: Collective Management Organization, an entity that manages rights and collects royalties on behalf of multiple rights holders.

  • CWR: Common Works Registration, a standard format for registering musical works with collecting societies.

  • DDEX.ERN: Digital Data Exchange Electronic Release Notification, a standard format for communicating release information between music industry partners.

  • DSP: Digital Service Provider, a platform offering digital music streaming or download services.

  • ISCC: International Standard Content Code, a content-derived identifier system for digital media.

  • ISRC: International Standard Recording Code, a unique identifier for sound recordings and music videos.

  • ISWC: International Standard Musical Work Code, a unique identifier for musical compositions.

  • Master Rights: Rights to the sound recording of a musical work, typically owned by record labels or recording artists.

  • Mechanical Royalties: Payments made to songwriters and publishers for the reproduction of their compositions.

  • Performance Royalties: Payments made to songwriters and publishers when their music is performed, broadcast, or streamed.

  • Publishing Rights: Rights to the underlying composition of a musical work, including lyrics and melody.

  • Royalty Splits: The division of royalty payments among multiple rights holders based on their ownership percentage.