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The music industry has seen significant growth over the past decade, with many Latin American artists standing out internationally. A common strategy among these successful artists is creating companies in the United States to manage and receive their royalties more effectively.
In this blog, we will explore the success stories of artists like Maia, Blue Bear Music, Iris Live Music, J Balvin, and Karol G, who have taken advantage of the benefits of having a company in the United States.
Maia, a renowned Colombian singer and songwriter, has been a pioneer in using business structures to manage her royalties. In 2018, Maia created her own company in the United States to handle her income more efficiently and protect her copyrights. This decision allowed her to have complete control over her finances and ensure that every cent generated by her music was correctly accounted for and distributed.
Maia's company also enabled her to explore new business opportunities, such as collaborations and sponsorships, which would have been challenging to manage otherwise. Additionally, by operating from the United States, Maia could access a broader market and benefit from a robust legal system that protects her interests as an artist.
Blue Bear Music, a company founded by Latin American artists and producers, has become a success story in the music industry. The company, based in the United States, specializes in music production and distribution, as well as copyright and royalty management.
By establishing itself in the United States, Blue Bear Music has been able to expand its reach and diversify its income sources. The company not only manages the royalties of its own artists but also offers copyright management services to other musicians and composers. This diversification has allowed Blue Bear Music to build a solid financial base and take advantage of global market opportunities.
Iris Live Music is another successful company founded by Latin American artists in the United States. The company focuses on live event management, music production, and copyright administration. By registering their company in the United States, Iris Live Music has been able to benefit from the economic stability and legal protection the country offers.
This business structure has allowed Iris Live Music to secure more favorable contracts and manage royalties efficiently. The company has also attracted international investors and collaborators, contributing to its sustained growth in the music industry.
J Balvin, one of the most influential and successful artists in Latin music, has used a smart business strategy to manage his royalties. In 2016, J Balvin created his own company in the United States, allowing him to handle his income more efficiently and ensure a fair distribution of his royalties.
J Balvin's company not only manages his music income but also encompasses other aspects of his personal brand, including sponsorship deals and merchandising. This strategy has allowed J Balvin to expand globally and secure multiple income sources, solidifying his position as a Latin music icon.
Karol G, another Latin music star, has followed a similar path to J Balvin by establishing her company in the United States. Aiming for greater control over her income and protecting her copyrights, Karol G created her own business entity in 2017.
This decision has allowed her to manage her royalties efficiently and ensure that every contract and agreement is handled to her maximum benefit. By operating from the United States, Karol G has been able to access a global market and benefit from the country's robust legal and financial infrastructure, ensuring her long-term success.
Creating a company in the United States offers several key benefits for artists:
The success stories of Maia, Blue Bear Music, Iris Live Music, J Balvin, and Karol G demonstrate that creating a company in the United States can be an effective strategy for managing royalties and ensuring long-term financial success. These artists have taken advantage of operating in one of the world's largest and most protected markets, securing their positions as leaders in the music industry. If you are a Latin American artist, considering creating a company in the United States could be the next crucial step in your career.
At Prodezk, we accompany and advise you in creating your company in the United States. Contact us now and get a free consultation with one of our expert professionals.
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