You have heard about music royalties, but unsure how they apply to you as a Music Producer, Songwriter, Composer, or Music Performer (Vocal Artist / Musician)? Understanding the intricacies of music royalties is a fundamental aspect of the music industry that impacts both seasoned artists and newcomers alike. These royalties represent the financial lifeline that fuels creativity, enabling artists to continue making the music we love. In this article, we'll embark on a journey to unravel the mystique surrounding music royalties. We'll delve into the various types of royalties, from the mechanical royalties generated by album sales to the performance royalties streaming platforms like Spotify and radio stations pay out. By understanding these different revenue streams, artists can maximise their earnings and ensure they're fairly compensated for their work.
Read MoreMusic artists have always faced the challenge of funding their recording projects. In the past, the traditional way of funding a music project was through record labels. The record label would cover the cost of recording, producing, and distributing the album, in exchange for a percentage of the profits. This model allowed many talented artists to get their music heard, but it also came with drawbacks.
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