I can't be the only one wondering why anyone would want to claim the writing credits for Sanctuary of all songs.
I wonder if @Cornfed Hick might have an idea how this works.I wouldn't be at all surprised if a songwriting royalty on Sanctuary turns out to be worth a few million. In addition to the debut, it appears on 3 live albums and at least 2 home videos. Even at only a fraction of a penny per sale, that adds up.
I wonder if @Cornfed Hick might have an idea how this works.
Under U.S. law, the songwriters of "Sanctuary" would split mechanical royalties, which are the royalties from sales of CDs, downloads, LPs, etc. Mechanical royalties have changed over time, but it is around 9 cents per song sold. Stratton would split that with the other cowriters based on whatever agreement they had (or a court implies, absent an express agreement).
In addition, the songwriters would get a performance royalty, which means that every time Iron Maiden performs "Sanctuary" live on stage, whether it is recorded or not, they get paid. I don't know what that formula is or how it is calculated.
The publishing company would also get a piece of both pies.
I doubt Stratton's songwriting interest in "Sanctuary" (assuming he has any such interest, of which I have no opinion whatsoever) would be worth millions, but it may be in the six figures.
Do you mean Wilcock, not Stratton btw
Under U.S. law, the songwriters of "Sanctuary" would split mechanical royalties, which are the royalties from sales of CDs, downloads, LPs, etc. Mechanical royalties have changed over time, but it is around 9 cents per song sold. Stratton [edit: Wilcock] would split that with the other cowriters based on whatever agreement they had (or a court implies, absent an express agreement).
In addition, the songwriters would get a performance royalty, which means that every time Iron Maiden performs "Sanctuary" live on stage, whether it is recorded or not, they get paid. I don't know what that formula is or how it is calculated.
The publishing company would also get a piece of both pies.
I doubt Stratton's [edit: Wilcock's] songwriting interest in "Sanctuary" (assuming he has any such interest, of which I have no opinion whatsoever) would be worth millions, but it may be in the six figures. It's impossible to calculate based on the limited info I have.
registration is not a prerequisite to claim the copyright to a song (but it's a very good idea).
Of course it depends on who has the legal rights. A copyright vests at creation of the work; registration is not a prerequisite to claim the copyright to a song (but it's a very good idea). If the song was written and published prior to 1978 (it may not have been -- a bootleg probably wouldn't count), it's possible that Wilcock's right to the song expired unless he renewed it. Presumably Harris, et al., renewed their copyright in the song.
Anyone interested in a short primer on U.S. copyright law can look here: http://www.copyright.gov/circs/circ01.pdf
I somehow doubt they did that back in 1977.
I remember reading (in the Running Free official biography I think) something from Steve about him him being afraid that his songs could be stolen by other bands, so he sent a cassette to himself, by Royal Mail. I didn't understand the point though.