This is just an example
GASP (Germany Association of Songwriters and Producers) is an independent professional association representing music writers in all genres. GASP offers benefits for its members and is tirelessly campaigning for their member’s rights and interests.
However, as the digital age is taking hold and more and as more royalties are paid from online and digital services, the member numbers are starting to decline.
Which is why GASP has decided to offer their members a full package of “More money, faster – for Copyright owners.”
For a lower administration fee than most competing collecting societies, GASP is handling all digital and online royalties’ payment (typically 5-9% administration fee)
In effect, NIMs WLCM and the MaaS (Music as a Service) can make sure the royalty for a song played via a DSP is paid to the account (wallet) of the Copyright owners before the song has ended.
This pay-out of royalties is made possible by retracting all digital rights from (for instance) GEMA and placing them at GASP. Exclusive administration rights give GASP the opportunity to offer advances against the flow of royalties.
The copyright owners are providing GASP with proof of royalties flow for the last five years. GASP will then be advancing CopyrightCoins (CCIM) or Euro or both (through IMCA – the governance body of CCIM) to the writers of music for this exclusive administration right.
All existing GEMA registration is pulled from the database and automatically registered on the CopyrightChains sub-chain CopyrightShares in a batch job and presented as GASP own service solution (see an example of this under Existing Independent music publisher below).
This new service is proven very popular among the existing members of GASP, and new members are joining up from all over the world.