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June 11, 2024 at 6:14 pm in reply to: How long did it take you to reach 4 figure PRO payments? #46419daveydadParticipant
My first royalty was $14! Took another 4 years to hit $1000. Now I wonder how long until I hit 5 figures!!
daveydadParticipantSo how are taxes handled? Most royalties have a social security number attached to them…. 1099 forms.
daveydadParticipantBest quarter for me yet… by just a little. I wonder how long royalties would keep coming in after we die.
daveydadParticipantSame here. But what does all this mean in simple to understand terms??
daveydadParticipantStudio Fontana in Czech Republic had me do some solo piano albums and they have placed well.
daveydadParticipantDown 15% from last quarter but still a good quarter for me.
daveydadParticipantMy last statement was an all time high! International earnings are now more than US.
June 1, 2022 at 6:19 am in reply to: How long did it take you to reach 4 figure PRO payments? #39784daveydadParticipantMY first PRO payout was a HUGE $14 back in 2014! It took about 5 years to start seeing at least $1000 per quarter but I would do things differently now. I started out in the RF field but have since totally abandoned it. I now average $2500 to $3000 per quarter… not rich by any means, but it helps to nicely supplement my other income.
daveydadParticipantI’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.
daveydadParticipantFound out it was for National Geographic international…. and they hope it airs in the US eventually. Payout was pretty lousy.
daveydadParticipantMine dropped a little. Saw increase in foreign placements and on demand.
daveydadParticipantI’ve had hearing loss for probably 20 years but finally got behind the ear hearing aids 2 years ago when I got tested again and was categorized with “profound” hearing loss about 2000Hz. But I just can’t use them when mixing. I use headphones exclusively because I would miss too much without them. So far I have not had any negative feedback about my mixes so I guess I’m doing okay. I do know that I rarely use high frequency instruments such as cymbals, shakers, bells, etc etc, because I can’t hear them in the mix anyway.
daveydadParticipantThe question is how long do you wait before you’re good to go!?
daveydadParticipantThanks for sharing that. This particular library gets paid (I guess from their PRO) and then they send me a check for my cut. Their response was that if it turns out to be a mistake, they will let me keep my amount and take the hit. We shall see. I have set the money aside for now.
daveydadParticipantExactly the thought of the library guy. No more poking for me!
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