How to Split Royalties Online with Multiple Artists?

In the ever-evolving music industry, collaborations are becoming more popular than ever. Working with multiple artists can bring unique flavors to your music creation, providing a fresh blend that can attract a wider audience. But with collaboration comes the task of splitting royalties fairly among all parties involved. This article aims to guide you through the process of properly splitting royalties when collaborating with multiple artists online.

Understanding Royalties

Royalties are the earnings an artist receives for their music’s use, whether it be through streaming platforms, performances, or other avenues. These earnings must be divided appropriately among collaborators, such as other artists, producers, or labels.

Why Proper Royalty Splits Matter

Ensuring proper royalty distribution is crucial for maintaining healthy relationships among collaborators. It prevents misunderstandings, legal disputes, and ensures everyone gets their fair share of the earnings. When handled transparently, it fosters trust and encourages future collaborations.

Choosing the Right Platform

Selecting a reliable platform that automates royalty splits is essential. Platforms like SoundOn offer automated solutions that streamline the distribution process. With SoundOn, you can focus on creating music while they handle the complex task of splitting royalties. This also ensures transparency, as collaborators can easily track their earnings.

Consider Legal Aspects

When collaborating, it’s advisable to seek legal assistance to ensure your contracts cover all bases. This includes clear statements on how royalties will be divided, recouping advances, and other considerations. As Bryce Sexton suggests, having an attorney can save you from future headaches by ensuring all legalities are properly covered.

Setting Up Royalty Splits

Once you have chosen a platform, setting up royalty splits becomes seamless. With SoundOn, there are simple steps to create a split:

• After uploading your release, click the 'Create Splits Now' button on the release success page.
• Access the ‘Distribution’ tab, select the ‘Royalty Splits’ page, and then click the ‘Create Splits’ button.

It’s essential to add all collaborators to the split so they can receive their earnings directly.

Inviting Collaborators

Invite collaborators to bind their invitations with their SoundOn accounts. This allows for an automatic process of splitting earnings among everyone involved without extra fees. If your collaborators do not have SoundOn accounts, they’ll need to create one to participate in the royalty distribution.

Final Thoughts

Handling royalty splits correctly can shape the future of your collaborations positively. Platforms like SoundOn automate these processes, making it easier for artists to handle royalty distributions correctly and efficiently. Therefore, consider a platform where functionality meets transparency to nurture successful music collaborations.

Register as a SoundOn Artist

Ready to streamline your music distribution and royalty division? Register as a SoundOn artist today and take the next step toward enhancing your music career.