Mark_Petrie

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Viewing 15 posts - 16 through 30 (of 405 total)
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  • in reply to: Warner, BMG or both? #40570
    Mark_Petrie
    Participant

    33% of writer’s performance royalties and 16% of sync fees isn’t exactly what I’d call a fair deal, which is what your composers will get if you and your business partner take 2/3rds of what’s left over after the publisher takes their cut.

    in reply to: 25 million streams = 70 USD, is this normal? #40094
    Mark_Petrie
    Participant

    You’re talking about performance royalties right? Those are still really low for YT. On the other hand, if you’d received the Content ID income for that video, you’d have made something like $25,000 – $50,000 depending on where the views were from.

    in reply to: When Do ASCAP Payments Get Sent for July Distribution? #39921
    Mark_Petrie
    Participant

    Came in late Friday night. You might want to call them

    in reply to: Latest BMI Payout – May 20, 2022 #39761
    Mark_Petrie
    Participant

    Check with your library – CNN tends to be direct licensing ie zero royalties.

    Mark_Petrie
    Participant

    What’s a hefty tv royalty. Anyone here had one.

    To some that might mean $100 a track per quarter. I aim for at least $500 but I’m also spending 5 – 10 days working on each track.

    Mark_Petrie
    Participant

    You write for trailers though right? Or am I mistaken?

    Yeah that’s me, but I still do a lot of library music designed for TV, and make the majority of my income from that stuff used in unscripted shows, sports etc.

    Mark_Petrie
    Participant

    400 tracks is nothing at this point IMO

    I’m not so sure about that. I’ve made more from my last 100 tracks than I have from the previous 2000.

    Quality over quantity has proven to be a winner for me.

    Mark_Petrie
    Participant

    All of those variables are always 100% out of your control.

    Great points! But, I’d argue there’s something in your control that increases the odds of those opportunities dropping out of the sky and into your lap: QUALITY. Moving from a spam-mode mindset to attempting to make each track the best thing you’ve ever done goes a long way to increasing the odds of theme use, major syncs etc.

    Mark_Petrie
    Participant

    about two years

    in reply to: Year-End Income Breakdown. Feel free to share yours! #39415
    Mark_Petrie
    Participant

    Thanks for the push to take a look – usually I have a rough idea but last year was a bit wacky, and my numbers were really different from what I usually get. Here’s my breakdown:
    57% performance royalties
    25% mechanicals
    12% sync
    6% upfront

    in reply to: So, about those streaming royalties….. #39413
    Mark_Petrie
    Participant

    I have some music on that show, and for comparison, this is what I got from it airing on cable (MTV)

    $24 for one minute of music.

    As far as I could figure out, the show gets about 400,000 viewers per episode on its first airing.

    Maybe Hulu’s rate isn’t so bad after all.

    I think that what we’re going to see with the future of royalties (streaming replacing cable) is that hit shows will no longer prop up the royalties we get from less popular ones. At the moment we pretty much get the same amount of royalties per show – just depending on how many re-airs an episode get. ASCAP gives a bump in the rate for very popular shows, but it’s not a huge difference. With streaming, the difference will be HUGE.
    I’ve been told by PRO employees that a hit show on a streaming service will likely make a composer more than they’d get on network (but for a short time, then the income quickly fades as the world is done bingeing the series). But an obscure non-hit will get a fraction of that.
    Maybe that’s a fairer situation? Certainly going to be a lot more brutal.

    in reply to: Are social media a thing for your music writer job? #39252
    Mark_Petrie
    Participant

    I don’t think you need to commit to a YouTube or IG channel that uploads new content every couple of days. But there’s a lot of good that come out of interacting with people in the business, commenting on their posts, congratulating them etc. Let people know you’re alive.
    LinkedIn is a more professional crowd and it seems like just about every library owner / supervisor is on there.

    in reply to: Transfer of ownership #39050
    Mark_Petrie
    Participant

    You shouldn’t need to transfer ownership- just fill out the form your PRO gives you to start receiving the payments as your company.
    You’ll want to do that with any other company that pays you too.

    Mark_Petrie
    Participant

    Yes, it’s part of the required details for sending you money via ACH or wire transfer. Make sure you give them the electronic routing number – not the physical check one (big banks often have two different ones).

    in reply to: Royalties expectations on MLB Network #38095
    Mark_Petrie
    Participant

    Not much I’m afraid.
    I had some music in the 2019 World Series on MLN and the rate ranged from $0.30 to $1 a minute, depending on the time of day.

Viewing 15 posts - 16 through 30 (of 405 total)
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