What are music royalties and how do they work?

What are music royalties and how do they work?

Music royalties are payments made to artists, songwriters, and producers for the use of their music. They can come from various sources like streaming, radio play, and live performances.

Can you explain the different types of music royalties?

Sure! There are several types of music royalties, including performance royalties, mechanical royalties, and sync royalties. Performance royalties are earned when music is played publicly, mechanical royalties are generated from physical or digital sales, and sync royalties come from licensing music for use in film, TV, or commercials.

How do artists collect these royalties?

Artists typically collect royalties through performance rights organizations (PROs) for performance royalties, and through music publishers or record labels for mechanical and sync royalties. It's important for artists to register with these organizations to ensure they receive their payments.

What happens if an artist doesn't register for royalties?

If an artist doesn't register, they may miss out on significant income from their music. Royalties can go unclaimed, and without proper registration, it becomes difficult to track and collect payments.