Royalty

Extrinsic Music Group Documentation
Date: 09 August 2024
Author: Mattia

At Extrinsic Music Group, we are committed to providing a comprehensive and transparent royalty management system designed to ensure that artists receive fair and timely compensation for their work. Our process is meticulously structured to handle the complexities of modern music distribution, ensuring that all aspects of royalty collection, calculation, and distribution are managed with the highest degree of accuracy and professionalism.

Overview

The Royalty section provides an in-depth understanding of how Extrinsic Music Group manages royalties. This information is crucial for artists and industry professionals to navigate our services effectively and understand how their earnings are handled.

Content

• Introduction: Overview of our royalty management process.
• Royalty Collection: Detailed explanation of how royalties are collected.
• Royalty Calculation: Insight into the methods used for calculating royalties.
• Royalty Distribution: Information on how and when royalties are distributed.
• Payment Method: Overview of payment methods and procedures.
• Earnings Breakdown: Explanation of how earnings are split between the artist and the label.
• Transparency and Reporting: Details on how we ensure transparency in royalty management.
• Support and Assistance: Information on the support available for royalty-related issues.
• FAQ: Answers to frequently asked questions.

Getting Started

Introduction

Understanding the Royalty Information section is essential for effectively managing and optimizing your earnings as an artist with Extrinsic Music Group. This section offers a detailed overview of our processes, from the collection of royalties through various digital platforms to their final distribution.

Royalty Collection

1. Collection Sources: We collect royalties from a diverse range of digital service providers (DSPs), including major platforms such as Spotify, Apple Music, Amazon Music, Tidal, and Deezer. Our extensive network ensures that every play, stream, and download contributes to your earnings.

2. Tracking Mechanism: Our system utilizes advanced tracking mechanisms to monitor every instance of content consumption. We integrate with DSPs to receive accurate data on plays, streams, and sales, ensuring that all revenue generated is captured.

3. Data Accuracy: To maintain data integrity, we employ rigorous validation checks. This includes cross-referencing DSP data with our internal records to ensure accuracy and address any discrepancies.

Royalty Calculation

1. Calculation Methodology: Royalties are calculated based on the revenue generated from each DSP. We use the latest industry standards and practices to determine the exact amount due to each artist. This includes applying platform-specific rates and deducting any applicable fees.

2. Revenue Attribution: We attribute revenue based on the specific content consumed and the terms agreed upon in our contracts with artists. This ensures that earnings are allocated correctly and reflect actual performance.

3. Periodic Audits: Regular audits are conducted to verify the accuracy of our royalty calculations. These audits help to ensure that all calculations are fair and transparent.

Royalty Distribution

1. Distribution Schedule: Royalties are distributed to artists on a quarterly basis. This schedule aligns with the reporting timelines of most DSPs, allowing us to process and distribute payments efficiently.

2. Payment Processing: Payments are processed once all data is verified and calculations are complete. This ensures that all transactions are accurate and timely.

3. Payment Statements: Artists receive detailed payment statements with each distribution. These statements outline the earnings, deductions, and any other relevant information.

Payment Method

1. Secure Transactions: All royalty payments are made via PayPal. This method provides a secure, reliable, and convenient way for artists to receive their funds.

2. Payment Timing: Payments are processed promptly at the end of each quarter, ensuring that artists receive their earnings in a timely manner.

3. Currency Conversion: For international artists, PayPal handles currency conversion, allowing you to receive payments in your preferred currency.

Earnings Breakdown

1. Artist Share: Artists retain 90% of their royalties. This substantial share reflects our commitment to maximizing your earnings and supporting your career.

2. Label Share: The remaining 10% is allocated to cover distribution and promotional services provided by Extrinsic Music Group. This ensures that we can continue to support and promote your music effectively.

3. Additional Services: The allocation also supports additional services, such as playlist pitching and marketing efforts, which help to increase the visibility and success of your music.

Transparency and Reporting

1. Detailed Reports: We provide comprehensive royalty reports to artists, detailing the sources of earnings, calculations, and any deductions. These reports are accessible through your artist dashboard.

2. Performance Insights: Reports also include insights into your performance on various platforms, helping you understand how your music is being received and where your revenue is coming from.

3. Dispute Resolution: Should any discrepancies arise, we have a clear process for addressing and resolving issues. Our support team is available to assist with any concerns.

Support and Assistance

1. Dedicated Support: Our support team is available to assist with any questions or issues related to royalties. Whether you need help understanding your reports or resolving payment issues, we are here to help.

2. Contact Information: You can reach our support team via email or through your artist dashboard. We are committed to providing timely and effective assistance.

FAQ

Find answers to common questions in our FAQ section.

Conclusion

The Project Structure section provides a detailed understanding of how Extrinsic Music Group manages royalties. By familiarizing yourself with our processes, you can better navigate our services and ensure that you receive fair and timely compensation for your work. For any questions or further assistance, please refer to the FAQ section or contact our support team.

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