All You Need to Know About the Music Business by Donald S. Passman

Author:Donald S. Passman [Passman, Donald S.]
Language: eng
Format: epub, pdf
ISBN: 978-0-7953-0977-9
Publisher: RosettaBooks
Published: 2009-03-25T16:00:00+00:00

As you can see, since you promised the record company that outside songs wouldn’t cost more than 75% of 9.1¢, the excess comes out of your mechanicals on the other songs. In this example, the excess is 9.12¢, which is the difference between the 36.4¢ (4 × 9.1¢) due to the four outside-song publishers, and the allowable 27.28¢ (4 × 75% of 9.1¢). This 9.12¢ excess is deducted from your 27.28¢ for the controlled songs, so you get only 18.16¢ for your four songs (27.28¢ less the 9.12¢ excess). This equates to only 4.54¢ per song for you (18.16¢ divided among four songs), which is less than 75% of statutory (75% of 9.1¢ is 6.82¢). And if you don’t have enough controlled songs from which to take the excess, it comes out of your record royalties or your advances.

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