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Thanks everyone, I will get in touch with my PRO
Ok, thanks for your reply MichaelL
Hi MichaelL, what kind of an attorney would handle these cases ? thanks
Hi everyone, i too, consider myself very lucky to be in music full time. I grew up as a self taught musician and later completed my Masters in classical guitar from a good conservatory. I started with production music in 2012 and I wish it could have been a few years earlier. It was a slow start and took all my savings and about 5 years of constant writing to make a survival income. I have accumulated, over this time, about 2000 tracks of which about 60% are exclusive and 40% non exclusive. Over the last two years I have really slowed down my output and focusing a lot more now on quality as I find that in todays market, quality goes a lot further. My income last year, which was my best, was about 65k. Through the years, i have found that I have to keep raising my bar every year. Complacency is the enemy. I keep learning new instruments and styles to keep things fresh. I cant imagine what it would be like today to be a newcomer. Things are extremely competitive and I don’t think I would have survived. For many of us, music is our life and true love and we don’t have a choice but to keep going on. Keep the good struggle going. I believe thins will get better in a few years when all the chaff settles. Good luck to all !!!
Matt, you are a talented songwriter, although most libraries deal with instrumentals, there are a few that specialize in this style, also, keep working on production skills, good work
I have been with Rident for over a year now and highly recommend them. My first payment was in the four figures and I was overjoyed. It has dwindled to about 4% of my royalty income nut it is steady. Too bad the US never signed on to the Geneva convention or we would be earning a lot more.March 5, 2020 at 11:53 am in reply to: Tax question: self employment rate or ordinary income tax rate ? #34435
Thanks for your reply, MichaelMarch 4, 2020 at 8:56 pm in reply to: Tax question: self employment rate or ordinary income tax rate ? #34429
Would appreciate a response from any US based composers who are filing taxes individually. Are any of you reporting royalty income on schedule C or schedule E ? Thank you
Hi Musicworks, my rule of thumb is to submit at least50 tracks and give it a couple of years. It also depends on the quality of the tracks and the quality of the library. I believe it is a good idea for you to spread yourself out between the RF world and the exclusive world, even though the RF world is a little bit depressing these days. Write, submit, forget… and focus on quality over quantity. I hope this helps and good luck
Most distribution services require you to classify it in one or two genres. You might want to wait till you have enough of tracks in a single genre.