The wave is Spotify Right? Wrong. And by only focusing on Spotify you’re leaving so much money on the table. I recently found out that many artists who are releasing music aren’t getting all the money they are due and the reason is, because many artists are not properly registered to receive royalties. It all comes down to knowledge and in this blog that’s my aim to educate artists on what royalties you should be collecting. Just keep reading.
As a music artist, understanding the various types of royalties you can earn is crucial for maximizing your income and ensuring you're compensated for your hard work. Music royalties come from different sources, and each type has its own collection process. In this blog, we will explore the main types of music royalties, how to earn them, and tips for ensuring you receive what you're entitled to.
### 1. Radio and Performance Royalties
What They Are:
Radio and Performance royalties are generated when your music is played publicly. For example This includes radio airplay, live performances, and streaming services.
How to Get Them:
To collect performance royalties, you need to register with a Performance Rights Organization (PRO) like ASCAP, BMI, or SESAC in the United States. These organizations track public performances of your music and distribute the royalties to you.
### 2. Mechanical Royalties
What They Are:
Mechanical royalties are earned from the reproduction of your music, such as when your songs are sold as physical copies (CDs, vinyl) or downloaded digitally.
How to Get Them:
When you release music through a record label, they typically handle mechanical royalties. If you’re an independent artist, you can register with the Harry Fox Agency or Music Reports to collect mechanical royalties from your digital and physical sales.
### 3. Synchronization Royalties
What They Are:
Synchronization (sync) royalties are earned when your music is used in visual media, such as films, TV shows, commercials, and video games.
How to Get Them:
To earn sync royalties, you can pitch your music directly to music supervisors or work with a licensing agency. Having a catalog of high-quality, well-produced tracks increases your chances of landing sync deals.
### 4. Digital Streaming Royalties
What They Are:
Digital streaming royalties come from platforms like Spotify, Apple Music, and YouTube. These royalties are typically lower per stream but can add up significantly with a large number of plays.
How to Get Them:
To collect these royalties, distribute your music through a digital distributor like DistroKid, TuneCore, or CD Baby. These services help you get your music on streaming platforms and handle royalty collection.
### 5. Neighboring Rights Royalties
What They Are:
Neighboring rights royalties are earned by performers and record labels when your music is broadcast on radio or played in public venues.
How to Get Them:
In some countries, neighboring rights are collected by organizations like SoundExchange in the U.S. Make sure you register your sound recordings and follow the necessary steps to claim these royalties.
### 6. Print Music Royalties
What They Are:
If your music is published in sheet music or tablature, you can earn print music royalties.
How to Get Them:
Similar to mechanical royalties, you can partner with a music publisher to handle the distribution of your sheet music and the collection of royalties.
### Tips for Maximizing Your Royalties
1. Educate Yourself: Understand the different types of royalties and how they work. Knowledge is power, and being informed will help you navigate the music industry more effectively.
2. Register with PROs: Make sure you’re registered with the appropriate PROs to collect performance royalties. Keep your information up to date, so you don’t miss out on payments.
3. Keep Track of Your Music: Maintain accurate records of your music releases, performances, and licensing agreements. This will help you stay organized and ensure you receive all your royalties.
4. Network: Build relationships with other artists, music supervisors, and industry professionals. Networking can lead to more opportunities for collaborations, performances, and sync placements.
5. Consider Professional Help: If managing your royalties feels overwhelming, consider hiring a music manager or consultant who can help you navigate the complexities of the music business.
Understanding and collecting music royalties is essential for every artist looking to thrive in the industry. By familiarizing yourself with the different types of royalties available and taking proactive steps to collect them, you can ensure that your hard work is rewarded. Remember, knowledge and persistence are key in the ever-evolving landscape of the music business. Start taking these steps today to maximize your earning potential and build a sustainable career in music!
If you need help further understanding how to do this. Contact me to set up a call.
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