How do I negotiate royalty rates for my music?
Negotiating royalty rates involves understanding industry standards, knowing your worth, and being prepared to discuss terms.
What are the standard royalty rates for streaming services?
Standard rates can vary, but typically range from $0.006 to $0.0084 per stream, depending on the platform.
How can I increase my bargaining power?
You can increase your bargaining power by building a strong fan base, having a successful track record, and showcasing your unique style.
Should I hire a lawyer for this process?
Hiring a lawyer can be beneficial, especially if you're dealing with complex contracts or large sums of money.
What should I include in my contract?
Your contract should include the royalty percentage, payment schedule, rights granted, and any additional terms relevant to your work.
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