October 8, 2008, Wednesday, 281

Royalty Distribution

From DBWiki

Jump to: navigation, search

Artist royalties are placed into the artist's financial account initially and can then be transferred to a bank account after a 30-day waiting period. If an artist wants to automatically split up the royalties for their digital work, Bitmunk supports that as well.

Let us say that there are 4 members in a band. If each one of those members has a Bitmunk account, the person registering the digital content may list each of them as a royalty payee.

Here is a brief table describing the royalty amounts for the hit song "The Weasel Bopp":

Royalty Payee Amount
Jimmy Jobangles (voice) $0.10
Sharice Daye (guitar) $0.15
Fujiko Yumikawa (bass) $0.10
Beni Timbo (drums) $0.10
Total Royalties $0.45