What are the challenges of managing royalties in the digital age?

What are the challenges of managing royalties in the digital age?

Managing royalties today involves navigating complex digital platforms, ensuring fair compensation, and tracking usage accurately.

How do streaming services affect artist royalties?

Streaming services often pay lower per-stream rates, which can significantly impact artists' overall earnings compared to traditional sales.

What can artists do to maximize their royalties?

Artists can maximize royalties by leveraging multiple revenue streams, including merchandise, live performances, and digital sales.

Are there any tools to help track royalties?

Yes, there are various tools and software available that help artists and labels track royalties and manage their rights effectively.

What future trends should artists be aware of regarding royalties?

Artists should watch for trends like blockchain technology for transparent payments and the rise of direct-to-fan sales models.