As a musician, understanding the ins and outs of music royalties is crucial to ensuring you receive proper compensation for your work. In this post, we'll break down the different types of royalties and provide tips on how to collect them.
Types of Music Royalties
Mechanical Royalties: Paid to songwriters and publishers for physical or digital reproductions of their work.
Performance Royalties: Paid to songwriters and publishers for public performances of their work.
Sync Licensing Royalties: Paid to songwriters and publishers for the use of their work in TV shows, movies, commercials, and other media.
How to Collect Royalties
Register Your Work: Make sure to register your songs with a performing rights organization (PRO) like ASCAP, BMI, or SESAC to collect performance royalties.
Work with a Publisher: A music publisher can help collect mechanical and sync licensing royalties on your behalf.
Monitor Your Royalties: Keep track of your earnings and make sure you're receiving proper compensation from streaming services and other sources.
Hire a Royalty Collection Service: Consider working with a royalty collection service like Songtrust or CD Baby Pro to help streamline the royalty collection process.
Understanding music royalties can be overwhelming, but it's an essential part of being a successful musician. By educating yourself on the different types of royalties and how to collect them, you can ensure that you're getting paid fairly for your hard work.
References:
SESAC: https://www.sesac.com/
Songtrust: https://www.songtrust.com/
CD Baby Pro: https://cdbaby.com/
Until the next beat drops, keep creating!
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