Sitting back and looking at my PRO royalties, I cannot be sure if I am being cheated. The calculations vary from quarter. Sometimes I do good. Other times I make a fraction of previous quarters. But one component missing is upfront money.
I have music placed on over one hundred shows now. That is something that I thought would be impossible five years ago. Apparently I have a skill set and people actually like what I do. But as of today, I can count on one hand the number of upfront or sync fees received. They appear to be extinct. This has got me to wonder: is it really worth it to create a bunch of new music in order to chase backend royalties?
I have been evaluating my scenario and realize that I have cheated myself by not working with companies that pay upfront money. I have been leaving money on the table for most of my short career in music licensing.
I admit that I am not a full time musician. But it begins to make less and less sense to wait months or years for payouts. Many backend uses generate less than $10 for me. I have only been able to make decent money by the volume of music that I have out there.
Long story short, I am working towards increasing my income by collecting more money upfront. Although it is fun to create music, there really isn't a great incentive to sign over exclusivity just for backend royalties. The results have spoken.
Have We Been Cheated Out Of Money?!?
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- DesireInspires
- Serious Musician
- Posts: 1362
- Joined: Sun Feb 12, 2012 12:06 pm
- Gender: Male
- Location: Miami Beach
- Contact:
- HectorRContreras
- Serious Musician
- Posts: 1407
- Joined: Wed Aug 21, 2013 6:38 pm
- Gender: Male
- Location: Desert Hot Springs CALIFORNIA
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Re: Have We Been Cheated Out Of Money?!?
Dear Desire,
Hector was collecting about $26 a year, from selling his CDs/Songs at CD Baby.
Just about the same in other places like Amazon and iTune, etc.
But one day, he had a collaboration with a beautiful Brazilian Singer.
Hector just composed Demos, about 5 of them. But the Melodies were cool.
The beautiful Brazilian Singer used the 5 Songs, made them her own, and created a CD, and performed the Songs in Concert.
Hector received £1000 upfront.
And Hector would receive a small fee each time the Songs were performed, and or the CD sold.
He liked that I think !
Here is the beautiful Brazilian Singer and the CD called : "Naturalmente"
http://musicabrasileira.org/fabiana-pas ... te-brasil/
Hector was collecting about $26 a year, from selling his CDs/Songs at CD Baby.
Just about the same in other places like Amazon and iTune, etc.
But one day, he had a collaboration with a beautiful Brazilian Singer.
Hector just composed Demos, about 5 of them. But the Melodies were cool.
The beautiful Brazilian Singer used the 5 Songs, made them her own, and created a CD, and performed the Songs in Concert.
Hector received £1000 upfront.
And Hector would receive a small fee each time the Songs were performed, and or the CD sold.
He liked that I think !
Here is the beautiful Brazilian Singer and the CD called : "Naturalmente"
http://musicabrasileira.org/fabiana-pas ... te-brasil/
- HectorRContreras
- Serious Musician
- Posts: 1407
- Joined: Wed Aug 21, 2013 6:38 pm
- Gender: Male
- Location: Desert Hot Springs CALIFORNIA
- Contact:
Re: Have We Been Cheated Out Of Money?!?
Someone has just posted something interesting about this Topic :
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http://forums.taxi.com/topic128434.html
http://www.digitalmusicnews.com/permali ... 1367187500
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