this is my first post and I have seen a couple of threads about the same topic but they were a couple of years old and I thought it might be interesting to get a more updated view. Also my question didn't really get answered
I am about to self-publish a (neo classical) composition via Dittomusic and I am in the process of registering with PPL to become a member and also obtain m own ISRC codes (rather than use dittos).
In the fine print of PPL it says: "To join as a recording rightsholder member, you must give PPL the exclusive UK public performance and broadcasting rights in your recordings, so that PPL can license those uses of your recordings on your behalf."
I'm not sure I understand this correctly but what confuses me is the word "exclusive". Because I thought I should potentially (at least further down the line) also join PRS for Music. Would I not be able to do that then?
The other questions is: Do I need to join PRS for music if I use a music publisher (currently thinking about using Ditto Publishing)? Do I need to be a member of PPL, PRS, MCPS AND a Publisher to get the most out of it?
PRS themselves say only join if you foresee your royalty income to be more than their joining fee of 100.00. (or then 200.00 in case of also joining the MCPS) - that is of course a lot and it takes a lot of streams to recover that. However, doesn't it mean that I will miss out if I DON'T join from day one? Nobody knows how successful something will be before it happens.
Thank you so much for your help! I just got the tracks back from mastering and I can't wait to get them out there!