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Artist?s Performance Royalties
Performance rights organizations track and pay royalties to song writers, publishers, and musicians for use of their works. Royalties are paid to an artist based on a complicated credit system using a formula with weights assigned for a variety of factors, including the following:
- Use:?weight based on the type of song or performance (theme, underscore, or promotional).
- ?Licensee:?weight based on the station?s licensing fee, which is determined by the size of the licensee?s markets and number of stations carrying its broadcast signal.
- ?Time-of-Day:?weight assigned according to whether the performances are broadcast during peak viewing or listening times.
- ?Follow-the-Dollar:?factor based on the medium from which the money came (radio play, live performance, TV performance, and so on).
- ?General Licensing Allocation:?based on fees collected from bars, hotels, and other nonbroadcast licensees.
These amounts are multiplied together, and then a?radio feature premium?is added, if applicable, to arrive at a total number of credits for the particular artist, or his or her?credit total?for a particular reporting period. Royalties are usually split among the writer, the publisher, and possibly a performer if the writer does not perform his or her own work. The proportion that each party receives is called the?share value. All of the money collected for the reporting period divided by the total number of credits for all performers is called the?credit value. An artist who wants to figure out what money he or she will receive for a period has to multiply the three factors; credit total, share value, and credit value.
- 1.?Nicole wants to know how much her royalty will be for a song she has written. How will it be calculated? Write the steps or the formulas that will be used to calculate her royalty payment.
- 2.?Nicole has written a popular song entitled ?Going There,? which has been recorded by a well-known performer. She recently received a royalty check for $7,000. If Nicole gets a 0.5 share of the royalties and the credit value is $3.50, what was the credit total that her song earned? Write out the problem in the form of an equation and solve it.
- 3.?Nicole quickly published another song, ?Take Me There,? that is played even more often than ?Going There.? If her first song earns 4,000 credits and her second song earns 6,000 credits, what will the royalty payment be from the two songs if the credit value remains at $3.50?
- 4.?Nicole is considering an offer to perform her own songs on a CD to be titled ?Waiting There.? In the past she has written, but not performed, her music. If Nicole?s royalty is 0.12 of the suggested retail price of $15.00 for the CD, but 0.25 of the retail price is deducted for packaging before Nicole?s royalty is calculated, how much will she receive for sale of the CD? Write your answer in the form of an equation and solve it.
Paper#9256652 | Written in 27-Jul-2016Price : $17.85