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what exactly happens?
I’ll explain a little better my question!
I’m referring to exclusive libraries in particular – I’m working with two of them – consider a deal where you keep 100% of your writer’s rights and 50/50 for sync deal (but indeed same question even for different kind of deals); while you usually check your PRO statements for royalties, what about the Sync deals?
What exactly happens with sync splits? I guess you should get notified by your library partner, am I wrong?
Despite having few albums with them I’m still waiting for something happening and as a relatively new writer, I still haven’t seen any royalties income – in my country you’ll get your rights from your PRO one year later, and just twice a year, one of the reasons I’ll quit with Italian SIAE to go with BMI from Jan 2021.
I’d like to know in particular, how you usually get your sync fees, how usually libraries deal with it and share with their artists?
Thank you in advance to all of you.I’d like to know in particular, how you usually get your sync fees?
From the library.
The libraries I work with send me a quadterly statement at the end of every quarter and then send me any money thats due to me via paypal 60 days after the statement is generated. HTH!
Many libraries have a threshold of earnings before they send you a payment. I’m with one exclusive library that waits for as much as $200 owed ($400 total in sync fees) before sending a payment.
Will every placement get a sync fee if with a 50/50 library.
Ok lets say you have 16 tracks in one library and all are used for various tv shows will the composer be paid sync fees for all 16.
@vasim… That depends on the contract you have with the library. There are some libraries that pay no share of sync fees to the composer… Only back end royalties.
In some cases, the library splits the publishing share with the production house/network.
If, as you say its a 50/50 deal then yes, all 16 will get the composer paid 50 percent of net earning for each placement.
OK thanks for the insight. What is a venue it terms of sync deals, placements etc
I’m expecting one sync payment from a US library and was curious if a quarterly one will be end of this month or march etc
what’s your experience.
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