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The Basics of Record Label Royalties
Manage episode 431405063 series 2906610
Kandungan disediakan oleh Other Record Labels. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Other Record Labels atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
In this episode, we delve into the fundamentals of record label accounting, crucial for indie label owners. We cover the royalty formula (Income - Expenses x Artist Share = Royalty), essential terminology (income, expenses, advances, profit, artist share), and how royalties are typically split, with an emphasis on common 50/50 splits.
We'll also discuss best practices for calculating and paying royalties, including the importance of transparency and the tools to use, such as software and spreadsheets. Learn how to start your record label on the right foot with clear financial management practices.
Learn More: http://otherrecordlabels.com/royalties
Presented by Hellbender Vinyl - http://hellbendervinyl.com
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