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September 16, 2024

How Do I Know I'm Receiving All of My Royalties?

How Do I Know I'm Receiving All of My Royalties?

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Making sure you're claiming all of your royalties is one of the most important things you can do as an artist. It can often feel daunting with the many different types of royalties, organizations, and platforms involved, but it's essential to ensure you're being paid for the music you've worked so hard to create. While the process might seem complicated at first, taking the time to understand it will pay off in the long run. After all, every play, stream, and download counts, and you deserve to collect every bit of what you're owed.

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Register! Register! Register!

The first step in managing your royalties is to ensure you're registered with all the necessary organizations and collection societies responsible for collecting and delivering royalties on your behalf. For U.S.-based artists, this includes:

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PROs: Make sure you’re registered with a Performance Rights Organization (e.g., ASCAP, BMI) and have included global territories in your registration.
MLC: Focuses specifically on U.S. digital mechanical royalties, including those from digital downloads, but does not handle physical sales.
SoundExchange: For digital performance royalties in the U.S.
Harry Fox Agency or Music Reports: Handles both physical and digital mechanical royalties, including digital downloads, and issues licenses for these uses in the U.S.
Publishing Administration: To manage your publishing rights and ensure accurate royalty collection.

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Many of these organizations only handle royalties within the U.S., so you'll need to register with international organizations to cover all your bases. For international mechanical royalties, consider registering with societies like:

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MCPS (UK) for the UK
SACEM (France) for France
GEMA (Germany) for Germany
SIAE (Italy) for Italy

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For neighboring rights, you should look into:

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PPL (UK): For performances in the UK and international distribution.
Re (Canada): For performances in Canada.
GVL (Germany): For Germany.
SENA (Netherlands): For the Netherlands.
ARTISTI (Italy), SAMRO (South Africa), and other organizations worldwide.

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It's crucial not only to register with all the relevant organizations but also to understand their payout structures and regularly audit them to ensure they are collecting and delivering all the royalties you are owed. Keeping track of these numerous sources can be quite overwhelming. Using platforms like Mogul can greatly simplify the process by allowing you to monitor all these organizations and income streams in one place. This helps you stay organized and ensures that you effectively manage all your revenue sources.

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Monitoring Your Payout Timelines

It’s important to keep track of the different payout schedules for each platform and royalty organization, as they can vary widely. For example, SoundExchange pays out quarterly for earnings under $100 but switches to monthly payments if you earn more. The MLC provides monthly payouts, while PROs like ASCAP and BMI operate on a quarterly schedule. Staying on top of these timelines helps ensure you’re aware of when to expect your payments and manage your earnings smoothly, making sure nothing slips through the cracks. Additionally, regularly reviewing your royalty statements is crucial to ensure accuracy and catch any discrepancies early.

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Here’s a table of some of the most common payout schedules below to help you keep track:

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Payout Schedules

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Account for All Songs & Ensure Metadata Accuracy!

When you’re reviewing your payouts and royalty statements, it’s crucial to ensure that all your songs are properly accounted for. Also, make sure that your metadata—such as songwriters, splits, ISRC, and ISWC codes—is accurate and consistent across all platforms. This accuracy helps organizations like the MLC know exactly who to pay for your music.

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When uploading your music through a distributor, submitting the correct metadata is essential for ensuring that organizations like the MLC receive the proper information. It's also a good idea to use the MLC matching tool to double-check that none of your songs are listed as "unmatched." This tool helps ensure that all your sound recordings are correctly attributed to you, so you get paid for every play. Keeping your metadata in check and verifying it regularly will help streamline your royalty collection and ensure you receive everything you’ve earned.

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Account for All Revenue Channels

It’s also essential to account for all your revenue channels to ensure you’re capturing every possible income stream. Start by tracking your earnings from various platforms where your music is available. Check out how Mogul can seamlessly monitor and consolidate all your royalty sources, making sure you're capturing revenue from:

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Streaming Services: This includes major platforms like Spotify, Apple Music, and any other DSPs where your music is played.
Downloads: Track sales from digital download stores like iTunes to ensure you're receiving your share of these earnings.
Sync Licensing: Don’t forget about revenue from placements in film, TV, and commercials. Sync licensing can be a significant source of income if your music is used in media.
Physical Sales: If you’re selling physical copies of your music, such as CDs or vinyl, make sure these sales are also accounted for.

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By regularly reviewing and updating your tracking methods, you can ensure that all revenue streams are accounted for and nothing is overlooked. This proactive approach will help you maximize your earnings and maintain a clear picture of your financial performance in the music industry.

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Conclusion

Navigating the world of royalties and registration can certainly be complex, but it’s a crucial part of managing your career as an artist. Ensuring that you’re properly registered with all the necessary organizations, keeping your metadata accurate, and staying on top of various payout schedules might seem overwhelming at times. However, these steps are essential for making sure that you receive all the royalties you’ve earned and that your music is accurately represented. Tools like Mogul can significantly simplify this process by helping you track and manage your royalties from multiple sources. By leveraging such resources and staying diligent, you’re investing in the success and financial health of your career. Remember, the effort you put in now pays off by ensuring you’re properly compensated for your hard work and creativity.

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Take Hold of your

Royalties & Registrations

Make sure you are getting paid 100%

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