Year-End Income Breakdown. Feel free to share yours!

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  • #39312 Reply
    SMCM
    Participant

    So I thought it would be kinda fun to go through my end-of-year financials and make a little visual representation of my income split from doing production/library music! This is just a percentage breakdown showing how much of my income came from royalties, sync fees, and up-front fees. I think it’s a fairly interesting topic to see how some peoples’ career avenues affect these stats. I won’t ask anyone to share specific numbers, but of course if you want to, go right ahead! Otherwise percentages are fairly safe and non-taboo 🙂

    Income Breakdown Pie Chart

    I’m always very royalty heavy since I mostly write exclusive cues for reality TV, where sync fees essentially don’t exist. I also didn’t start regularly writing for any libraries that pay up front until the last couple months. So that percentage will probably be higher next year. It’s also worth noting that I’m a BMI member, so I had 5 royalty payments instead of 4 this year, thus inflating the royalties more than usual.

    The sync fees are 90% from movie trailers. I actually have one more payment coming, but it won’t be here until January at least, so I didn’t get to count it. The rest of the sync money is from little random one-offs via libraries with international subpublishers.

    I’d love to see more stats like this if anyone is willing to share. I think it’s a good discussion and interesting info for people getting into this world.

    #39314 Reply
    Art Munson
    Keymaster

    Great topic!

    #39315 Reply
    SMCM
    Participant

    Thanks for getting the topic up!

    #39319 Reply
    MM_Musicworks
    Participant

    Don’t know how to insert a graph… so, here is mine in text –

    Been uploading to RF libs for 3 and a half years … and to exclusive libs for just over a year.

    RF Libraries – 60%
    Royalty Backend – 30% (A significant part of this is from a single RF track)
    Sync – 10%

    Regards

    #39320 Reply
    daveydad
    Participant

    I’d say my 2021 looked a lot like yours. Mostly backend royalties from reality TV placements. I did get a few up front work-for-hire payments and also some from streaming non-exclusive music. I almost hit $20k total music revenue which is a big deal for me. 🙂 I have other sources of income so don’t totally rely on it. I’ve been doing production music seriously for about 6 years.

    #39321 Reply
    composer
    Participant

    Over a 10-year period, excluding some up front income, my production music income has been roughly 30% sync fees and 70% back end.

    The back end income is actually pretty consistent along a trend line over time.

    The front end varies pretty wildly year to year in a way that seems kind of random. There’s certainly no obvious trend.

    I don’t have any tracks in RF libraries, so I can’t speak to that.

    #39328 Reply
    MaxPower
    Participant

    I had my best year yet – enough to support myself, my wife and our two children. So if you’re starting to believe there’s no money in the game any more think again !

    #39329 Reply
    Art Munson
    Keymaster

    @maxpower Congrats to you and well done! There is always money to be made in music. The rules may change, the business may change but if one is nimble enough success can be achieved. You have proven that!

    #39411 Reply
    HelsinkiFades
    Participant

    Congratulations, that’s very encouraging for all of us, thank you! Do you mind me to ask since when you’ve been in the game?

    #39414 Reply
    PAMMusic
    Participant

    Congrats @maxpower! That’s a great milestone and encouraging to hear for a newbie like myself! Keep up the good work! 🙂

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