Royalties in the Digital Era

“Royalties are the salary and the Provident Fund of authors, and the assets they will bequeath to their heirs." - Achille Forler

Q: What are royalties, and why are they important for musicians? 

Royalties are legally-binding payments made to musicians for the ongoing use of their original works. They are crucial for musicians as they serve as their salary, Provident Fund, and the legacy they leave for their heirs.

Q: How can the Indian Performing Right Society (IPRS) help musicians?

IPRS is essential for musicians, especially when starting out. It ensures that musicians receive the money owed to them for their work. Registering with IPRS should be a top priority for all musicians.

Q: What are the different types of royalties? 

There are different types of royalties: Sync royalties are paid for using a song in movies, TV shows, or commercials. Performance royalties are fees for music performed publicly, like on radio, in bars, or at live events. Mechanical royalties are per-unit payments for reproducing music, whether on CDs, vinyl, or streaming services.

Q: Why is managing royalties accurately important in the digital era? 

Managing royalties accurately is crucial in the digital era because revenues per stream and download are at their lowest. Every royalty earned matters, and it is the artist's legacy for their family.

Q: How can services like MRM India (formerly Joshua Inc) help musicians with their royalties? 

Services like MRM India help artists manage their royalties hassle-free. They ensure that the artist's work is registered, and royalties are tracked and paid accurately.