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How long does it take to see the money in your account after the project has been successful?
Posted: Mon Jul 24, 2017 5:26 pm
by jeh
Let's suppose a project has been an instant hit. How long would it usually take to see the results?
Re: How long does it take to see the money in your account after the project has been successful?
Posted: Mon Jul 24, 2017 5:41 pm
by hummingbird
You'd have to be far more specific in terms of defining "project".
Back end royalties take 6 to 9 months or so to show up (at least).
Mechanical licences would be paid to you when the CD is pressed (since it's pennies/copy)
Digital downloads would depend on the service or the agreement.
Sync fees would be according to your agreement (some publishers pay out quarterly or every six months)
If you're recording your own CD and selling it.. as soon as money changes hands after a concert or when you hit the threshold for payouts if you're using an online distributor.
I would suggest as a good starting reference, is John Braheny's "The Craft and the Business of Songwriting"
and Jason Blume "This Business of Songwriting"
I would also suggest looking at some TAXI TV episodes that cover this topic.
https://www.youtube.com/user/taximusic/ ... shelf_id=3
The first goal is to get your songwriting up to par. Use peer to peer here to get feedback and determine your genre, a la's etc for any given song so it can be pitched effectively. Attend the Rally. All questions are answered there!
Hit Songwriter Jon Asher
https://www.youtube.com/watch?v=QN3jK_rw0Y4
Re: How long does it take to see the money in your account after the project has been successful?
Posted: Mon Jul 24, 2017 5:45 pm
by jeh
like, when you get to see your song on TV, radio and it;s an instant hit?
Re: How long does it take to see the money in your account after the project has been successful?
Posted: Mon Jul 24, 2017 6:21 pm
by markhimley
jeh wrote:like, when you get to see your song on TV, radio and it;s an instant hit?
I'm not sure about radio - but a tv placement would fall into the backend royalties that Vikki mentioned. So let's say you got a placement in a show today, you can probably expect the money in 2-3 quarters (6-9 months), but it very well could take longer than that. There are a lot of variables
Re: How long does it take to see the money in your account after the project has been successful?
Posted: Mon Jul 24, 2017 6:42 pm
by funsongs
markhimley wrote:jeh wrote:like, when you get to see your song on TV, radio and it;s an instant hit?
I'm not sure about radio - but a tv placement would fall into the backend royalties that Vikki mentioned. So let's say you got a placement in a show today, you can probably expect the money in 2-3 quarters (6-9 months), but it very well could take longer than that. There are a lot of variables
Wow, Mark... really? They pay you in quarters?! Not even the folding stuff? Yikes...
Well - that might come in handy when confronted with an empty & hungry downtown parking meter.
Re: How long does it take to see the money in your account after the project has been successful?
Posted: Tue Jul 25, 2017 2:48 pm
by markhimley
Re: How long does it take to see the money in your account after the project has been successful?
Posted: Tue Jul 25, 2017 7:02 pm
by davekropf
To add on to what's been covered here, it also depends on the PRO. ASCAP pays out after 9 months (assuming cue sheets are accurate), whereas SESAC is about 6 months.
