As part of the exclusive agreement, the songwriter undertakes to provide all written compositions for a specified period of time (e.g. B 2 years from 1 January or 1 year with four options), with the guarantee of a share of the income generated and usually a reserve for weekly or monthly payments. All weekly or monthly payments made to the author are treated as advances that can be repaid from the author`s future royalties. For example, if an author receives 600 $US per week in advances, US$31,200 was advanced in the first year of the contract. These funds are deducted from all royalties due to record sales, downloads, notes, advertisements, home videos, television and film synchronization fees, and other sources of revenue controlled by the publisher. To quote the first paragraph of the introduction to our book Music, Money and Success: The Insider`s Guide To Making Money In The Music Business: “In today`s world of technological change and constant innovation, changing revenue streams, the global concentration of record and music publishing stores, the importance of social networking sites, and the evolution of the spread of music models, It is more important than ever that the songwriter, composer, music publisher, recording artist and record company has the practical, commercial and legal knowledge necessary to succeed and exist in the field of music. Simply put, knowledge of how this business works is essential to making a living with music and succeeding. “For license payments, there is an author`s share and a publisher`s share. To put it simply, let`s assume that every action is worth 100%. So the author has a 100% circle chart, and the editor has a 100% pie chart. If several authors are on the track, they distribute the shares accordingly, 50/50 or 25/25/25/25, if there were 4 authors. Once the author share is calculated, you can calculate the publisher`s share or vice versa.
A record label would normally own 100% of an artist`s publishing rights, but if you signed up for a co-publication contract, the label would only receive 50% of your release. To break it all down, if an artist negotiates a 50/50 split for publication and keeps 100% of the author`s share, the artist would receive half of the publisher`s share and 100% of the author`s share. This represents 75% of the total fee. If you publish your own music, it means you can keep 100% of your royalties…  These eight types of agreements differ from one to another in many ways, including: (1) What percentage of copyright, if any, is given to the publisher; (2) What is the percentage of the publishing house`s future publishing revenues; (3) What functions will the publisher perform; and (4) How long will the agreement remain in force? General-renowned publishing agreements are traditional or co-publishing agreements. Some aspects of these agreements are similar, but they have a different difference – the amount of property you need to keep….