• The Basics of Record Label Royalties

  • Jul 30 2024
  • Length: 23 mins
  • Podcast

The Basics of Record Label Royalties

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  • Summary

  • 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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