Definition - What does Licensing Collective mean?
A licensing collective is an organization that represents a group of copyright owners, defined as publishers and creators of copyrighted materials, by negotiating licensing terms and securing licensing fees, or royalties, for payment to copyright owners.
Techopedia explains Licensing Collective
Licensing collectives are advantageous for the following reasons:
- Agency staff may negotiate copyright usage for members.
- Online requests may be granted instantaneously.
- The application process is efficient and affordable.
Brand development organizations also provide licensing on a collective basis to empower authors and secure immediate payment for creative innovation.
The American Society of Composers, Artists and Publishers (ASCAP) is an example of a U.S. licensing collective. The Society of Composers, Authors and Music Publishers of Canada (SOCAN) pays royalties to copyright holders who have obtained blanket licenses for public performances.