Sacem extends copyright to NFTs

Almost at the bicentenary, but still at the forefront of innovation. Sacem, which manages the rights of authors, composers and music publishers, recently announced the signing of an unprecedented partnership agreement with the French platform Pianity, which sells musicals which is NFT. The principle hardly differs from the vinyl collectors distributed at that time in a few copies around the world. Except that this time about works – songs, albums, images, videos – dematerialized.

Sacem members, around 197,000, who will sell their musical creations tomorrow in the form of NFT from the Pianity platform, will receive payment under copyright. And they also benefit from a “resale right”: in other words, they make money on every resale of their NFTs. In the past, rights holders only received money when the CD or vinyl was purchased by Fnac or from a distributor. But not a penny when sold second-hand …