In the latest episode, BillboardExplains the common practice of songwriters' exact ownership and royalty percentages getting figured out months after the work is publicly released.
, the clearance departments at publishing companies are faced with heavy demand. “They are inundated,” says Myers, who works with the sample-heavy electronic genre “can take six months just to receive an acknowledgement of your clearance request sometimes.
While artists can earn money through touring, merchandise and brand partnerships, songwriters do not have the public profile to cash in on such revenue streams. Even producers have clearer, more insured payments. Because producer fees are an industry standard, producers “will definitely see revenue on the masters side,” saysThe Pact nor do they receive any comparable upfront fee that producers are typically paid, except in the case of a major songwriter who has enough leverage to ask for one.
Although there are methods in place today to help soothe the royalty pay out problem, unresolved splits could stand to get even more complicated in the future as more products, including many powered by blockchain, attempt to speed up royalty payments or make them instantaneous. In the case of songs with no official splits, instant and/or decentralized royalty payments could prove disastrous -- with much of the royalties misallocated or lost in the shuffle.
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