royalties

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Irving Azoff vows to increase performance royalties by 30% with his new PRO

Azoff has a new performing rights organization called Global Music Rights and he has said that songwriters signed to it will receive royalties 30% higher than those of ASCAP and BMI. This is big news for songwriters! 

Pharrell Williams, Ryan Tedder, as well as some of the members of Fleetwood Mac and Journey have already signed up.

That means the payment per page read could be as low as $0.006, meaning that an author will have to write a 220-page book – and have every page read by every person downloading it – to make the same $1.30 they currently get from a book being downloaded.

Casey Lucas, a literary editor who works with self-publishing authors, says she has lost six clients already. They have decided tostop writing after “estimating a 60–80% reduction in royalties”.

“A lot of self-published romance authors are disabled, stay-at-home mums, or even a few returned veterans who work in the field because a regular job just isn’t something they can handle,” she says. “People are shedding a lot of tears over this.”

वंदना शिवा  Vandana Shiva, Indian environmental activist and author

“When it comes to owning the seed for collecting royalties, the GMO companies say, ‘It’s mine.’ But, when it comes to contamination, cross-pollination and health problems, the response is ‘we’re not liable.’” 

SOURCE: Pinterest

The Math Behind Apple’s Higher Streaming Royalty Rate

by Zack Zarrillo

Michael DeGusta did the math on Apple’s 71.5% streaming rate versus the standard of 70%. Apple has of course announced that they will be paying artists during Music’s three month trial, but many have been curious about what a higher rate after the trial may mean. I failed math one or five times in college, but see what the rate means for yourself above.

DC ANNOUNCES NEW ROYALTIES SYSTEM (BUT STILL WON’T USE THE WORD ‘ROYALTIES’)

We have news to share regarding a project we have been working on for some time. We will be rolling out a new, modernized participations payment plan effective July 1, 2014.

DCE’s current participation plan dates back over 30 years and was created for a simpler and very different marketplace. The current plan no longer reflects today’s business landscape where comics are sold in a variety of formats and through a myriad of sales channels. Ultimately we made the decision that the best path forward was to create an entirely new plan that covers new work going forward. Great care and consideration went into building this new participations structure and we feel that it provides both us and all of you with a fair, competitive, and versatile plan for the future.

There are a few significant differences between this new plan and what DCE has offered in the past. Perhaps the biggest difference is that all participations will now be calculated based upon DCE’s net revenue from a book’s sale rather than on the cover price. This change gives us more flexibility to sell our material in new distribution channels that have different pricing models.

In addition, physical and digital sales will no longer be treated separately. Digital sales will now be added to print sales and the sum will count towards achieving the sales threshold which triggers participation payments.

We’ve also standardized sales thresholds for all periodicals. There are no longer separate thresholds and percentages by channel (direct market vs. digital vs. newsstand). We’ve also added a threshold for collected editions. The new thresholds and percentages are designed to generously reward high sales performance.

We are pleased to announce the very welcome addition of Color Artists to the participations pool. Color Artists will receive moving forward cover credit for their work alongside Writers, Pencilers and Inkers. In addition, Digital First talent will now be eligible to receive additional compensation and share financially in the success of their books.

In addition, DCE is modernizing our systems for both reporting participations and making payments. Beginning July 1st, all reporting under the new structure will be sent electronically. Also, those of you who live in the United States will now be able to receive your payments via direct deposit. Information on how to sign up for direct deposit payments will be sent to you shortly from the Talent Relations department. International talent will continue to receive payment via wire. We’re very happy to offer these upgrades, which will result in getting paid faster.

And last, beginning on July 1st, DCE will begin transitioning to the use of electronic service agreement. The work-for-hire service agreements that historically have been transacted on paper will now be handled electronically and sent to and from your editor via email. We are confident this will make the process quicker and more efficient for everyone.

We recognize this is a lot of information to take in, and we anticipate you may have questions. The DCE Talent Relations team is well-informed in the new participations plan and looks forward to discussing with you any inquiry you may have. Feel free to reach out to the team at XXXXX@dcentertainment.com.

DCE is committed to being the publisher of choice for top talent in the industry and to further strengthening our relationship with our talent ensuring that together we continue to create the comics we can all be proud of. Thank you and we look forward to working with you throughout the year.

Sincerely,

Dan & Jim

DC Entertainment Co-Publishers


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Robert Maxwell, Paul Sampliner, Harry Donenfeld, Jack Liebowitz, M.C. Gaines and Whitney Ellsworth in the National comics offices, early 1940s. Photographer unknown. From The Golden Age of DC Comics by Paul Levitz.

How to Cash a Royalty Cheque

Most authors wouldn’t know the first thing about banking. It’s not exactly covered in the training manual. And if you’re like me and swore off the number thing in Eighth Grade, getting your first cheque can be equal parts heartening (because it’s cash! For a book YOU wrote!) and jarring (because how the hell do you cash one of these?)

Fear not. It’s not as complex as it sounds… although there are some things to keep in mind. Like:

1. Does your bank charge a processing fee? It sounds like just another thing eating into your profits, but believe it or not, banks earn it, what with the processing and computer-crunching. Just make sure it’s not, like, enormous. Because if you’re bringing home cheques for $20 or $30 – which is within the normal range for most mid-list authors – you don’t want to be shelling out a third or more of your income.

2. Is it a foreign cheque? Different rules apply for these. Make sure you peruse your bank’s guidelines. Some banks have weird systems in place which stretch out the process of clearing foreign cheques to weeks or even months. Also, depending on exchange rates, you could end up with a totally different number than what you originally expected. (This can work in your favour!)

3. You can cash cheques at the post office. Again, the rules change depending on a number of factors, but do some digging to see if there’s a place in your area who will convert your cheque into hard-earned dough.

4. Some banks will process the cheque but won’t let you touch it for a while. Don’t fret if you see the numbers in your account but can’t access them. The cooling off period is to make sure the cheque isn’t dishonoured in that time.

5. Cheques expire. Some cheques will expire after 6 months. Some sooner. Don’t wait too long before submitting them for clearance.

6. Have fun with it. Like any step in the publishing process, cashing a cheque is exciting! Don’t be freaked out by the prospect. Embrace it. You’re making a living from your writing. That’s nothing short of awesome.