royalties
DistroKid, a leading distributor of independent music, has launched an expanded update of their automatic royalty distribution service. Splits, which was first unveiled in 2017, allows artists who use DistroKid to automatically split any percentage of royalties, from any track, with anyone. So everyone who worked on a track gets their share: producers, beat makers, guest performers, featured artists, photographers, friends, investors, etc. DistroKid members will also be able to specify Recoupments for each track, designating collaborators who should receive payments first—before anyone else gets paid. With Recoupments, collaborators can be automatically reimbursed for their out-of-pocket expenses before royalty splits […]
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The Mechanical Licensing Collective (The MLC) has announced the completion of its first-ever monthly distribution of mechanical royalties. The organization’s distribution – its first connected with the new blanket license established by the Music Modernization Act of 2018 (MMA) – included royalties from the use of musical works by U.S. digital service providers (DSPs) during January 2021. It did not include any historical unmatched royalties. The distribution process started in February when DSPs began reporting their streaming and download usage data for January 2021 to The MLC. The royalty pool for all usage data reported to The MLC totaled more […]
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Ingrooves Music Group, a leading global independent music marketing services and distribution company, has announced a suite of royalty accounting solutions to fit every label, no matter their size and complexity. Whether a label needs a solution to do the basics like split payments, a more complex do-it-yourself royalty accounting solution, or a full-service custom solution that handles everything from top to bottom, these innovations fill a wide variety of needs for the company’s diverse roster of label and artist clients. Register Splits, which offers small labels a simple way to automatically split income, and Register Pro, a flexible royalty accounting […]
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The Music Modernization Act is now in effect, and with it the Mechanical Licensing Collective (MLC)—a collection and disbursement collective, as well as a public database, for United States mechanical royalties generated through digital streaming, which is the vast majority of modern music consumption. This is a paradigm shift in the domestic music economy, especially for small and independent music publishers. Here is a guide on how to register your music correctly and make sure you get your money. What the MLC Is, What It Does, and What It Doesn’t Do The MLC collects and distributes United States digital mechanical […]
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Sound Royalties has announced the addition of Catalog Sales Support to its lineup of services. The Sound Royalties team brings its music finance-specific expertise to the catalog sales process — from putting the right sale package together to assisting creatives in understanding the true value of their catalogs and more. As part of its Catalog Sales Support, Sound Royalties is pleased to offer Interim Catalog Financing, created to support musicians when their catalog sales take many months to come to fruition. Interim Catalog Financing offers a short-term advance that provides a financial cushion to buoy creatives through the often-lengthy process. Additionally, this […]
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Demand for music royalties has reached an all-time high among investors seeking alternatives to public markets and low-returns. To help creators, songwriters, performers, and other rightsholders better take advantage of this unprecedented “gold rush” for music catalogs, Royalty Exchange has introduced an expansion of its online marketplace, called The eXchange. The eXchange combines two of Royalty Exchange’s most popular features into one powerful platform that focuses the demand of the more than 27,000 registered investors into one destination. This includes: The popular Secondary Market, where investors relist catalogs acquired on Royalty Exchange to investors. The newly added Direct Listings, where […]
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Universal Music Group (UMG) and TikTok announced a global agreement that delivers equitable compensation for recording artists and songwriters, and significantly expands and enhances the companies’ existing relationship, promoting the development of new innovative experiences and the ability to forge deeper bonds between fans and the artists and music they love. With this agreement, which covers recorded music from artists at UMG’s labels and songwriters with Universal Music Publishing Group (UMPG), TikTok users will be more empowered than ever to express themselves through music, soundtrack their video creations with songs about which they are passionate and build communities around artists […]
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Create Music Group has launched a beta version of Create Carbon, a credit card for music creators. Create Music Group previously became the first music company to show artists how much money they were making on a daily basis, by pulling millions of different data points from sources like Spotify, and Apple Music, and YouTube. With Create Carbon, the company now gives creators the ability to access their royalties as soon as they’re earned, rather than wait to receive them via regular monthly payouts. “Traditionally in the music industry an artist is lucky if they receive streaming royalties within 60 […]
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The Music Modernization Act of 2018 (MMA) established a new blanket mechanical license covering the use of musical works in the U.S. by eligible digital audio services. This license will become available starting on January 1, 2021. The arrival of this new blanket licensing system will mark the beginning of a new era of greater efficiency and transparency in mechanical licensing for musical works in the United States. For most digital service providers (DSPs) operating digital audio services in the U.S. that offer interactive streaming or digital downloads to consumers, the MMA imposes several new obligations that they will be required by […]
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Canadian poet, novelist, and teacher Margaret Atwood once said, “Human beings make art, that’s just what we do.” Atwood’s statement beautifully captures the natural inclination for self-expression, collaboration, and communication. But how well do you think the author’s statement would hold up in a world where art could be legally used by everyone at his or her own discretion for free? It wouldn’t. And that is exactly why there are copyright laws. Copyrights give artists just like you an incentive to create beyond just the pure pleasure of it. But even when there are copyright laws and registration processes in […]
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