Royalty Management
Automate Royalty payments to focus on what really matters; creativity.
Royalty Management
Automate Royalty payments to focus on what really matters; creativity.
Manage your royalties due with an automated solution
Are you utilizing a creative song or video in your project that is created by another individual? If so, you must give the creator a certain percentage of the revenue from your project. However, inaccurate calculations can harm your relationship with creators, which is why accuracy may be a challenge in terms of royalty payment management.
Gross revenue payment
In this method, you pay a certain percentage of your revenue to the original creator of content before considering other expenses.
This percentage is generally predetermined in an agreement with the original creator.
Minimum rent payments
This method ensures the original creator gets a minimum amount every month, even if there is no sale, and the rate of payment increases as the rate of sales increases.
Net revenue payment
You pay the original creator after calculating the expenses you have to bear and factoring them in. In this case, you get a chance to consider all your expenses, meaning you pay the creator based on your project’s net profit.
Royalty advances
In this case, the original creators get paid before any earnings are even made from the project that includes their content.
Monthly royalty expenses
In general, royalty payments are calculated on a half-yearly or quarterly basis, and payments are disbursed, but in the Monthly Royalty Expenses scheme, you pay the original creator monthly.
Price Per Unit Payment
While you calculate the royalties using the price per unit payment method, you are supposed to pay the
original creator based on the number of sold CDs or books.
