Are there different types of music royalties?
Discussion of 4 types of music royalties: mechanical, performance, synchronization fees, and print music.
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What are music royalties?
Royalties have been defined legally as an agreement between a creator and someone who uses that creation. A royalty can be a percentage of future profit from sales or regular income, and will be settled by an agreement (usually in writing) between the parties. Songwriters in particular are given the right to license or sell their copyright to others in exchange for specific monetary compensation. For the music industry, this money earned is called a royalty.
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Discussion of calculation methods for various kinds of music royalties.
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Discussion of responsibility for collecting 4 different kinds of music royalties.
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