Aug
How to collect your music royalties
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How to collect your music royalties
How to collect your music royalties
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Bein’ One Of The Biggest Rap Artists Ain’t Everythin’
Who said Rap Artists make mad loot? Incorrect! Because the fans anticipate their favorite artists to be crazy paid and living large, this puts an incredible amount of pressure on the performers to look wealthy. And it is not just the fans; the industry slobs have expected the artists to pick up the dinner check. There were times people cop a mindset if the artist does not pay for everything. This is small minded and ignorant because the artist is definitely the last to get paid. Everyone receives their cut first: the label, the manager, the attorney, the accountants, and, of course, the IRS.
Unfortunately, when an artist gets signed to a label deal, particularly a rap artist, he or she receives somewhere between 8% to 13% of the retail sales price, after the record label recoups the cash it puts out (the advance, the sample clearances, the producer advances, usually 50% the cost of any videos, any cash outlays for the artists, etc.). The artist needs to sell units to make any money back.
So it is not totally impossible. Performance royalties are cash that is paid for the performance of your song. The money is paid based on the proportion of ownership of the song. So if you own 100% of the song, you get the complete check. If you own only the music, which is half the song, then you get half the money. If you own the music with a sample in it that claims half the track, then you get a check for 25%. Performance Rights businesses consist of ASCAP, BMI, and SESAC (which is still quite small). They police the radio programs, clubs, concerts, etc (any place music is played or broadcast), all of whom pay a charge to play the songs which the performance rights societies collect and split amongst their members in line with the amount of times a record is played. Although the formulas change annually based on play, a Top 10 song played on commercial radio can earn an excellent chunk of change in the tens of thousands of dollars range.
So there you have it, the real deal on how much cash an artist makes. You can subtract out now another 28% to 50% of all income, such as show money, (depending on the artist's income tax bracket which is determined by how much income was made within any given calendar year) for the IRS who get paid quarterly (hopefully) by the artist's accountants. If the average artist produces a record every two years, then this income must last two times as long.
Once rap artists release a record, the stress is on to portray a successful image to fans, friends, families, and folks around the way. Individuals count on the Hip Hop Artists to be well dressed, drive a dear car, etc. Consider it. Don't you expect artists "to look like artists?" Would you admire Jay-Z just as much if he drove a busted old 1990 Grand Am rather than that beautiful, brand new, top of the line Bentley?
