The digital music stores and streaming platforms have pushed artists to take a chance on their dream career. Now, they can set up diversified and automated revenue streams to earn royalties.
What are Royalties?
Royalties are the payments that go to artists, songwriters, composers, and other copyright holders for the right to use their intellectual property. In the case of digital distribution, it goes to the digital distribution platform and the artist/copyright holder.
How does it work?
- The digital music distribution services distribute your music on major online music stores and streaming sites globally.
- Then the distributor collects the royalties generated from every music purchase, download, or stream.
- The distributor gives you the royalties earned by your music and keeps a small percentage for their services.
Royalties are generated through music streams and downloads
Streams: When fans or listeners stream your music, they can play it without the need to download it from the streaming platform. Generally, there are two types of revenue generated from streaming.
- The revenue that comes from the advertising revenue generated by the platform, and
- The revenue that comes from the subscription revenue generated by the platform
Downloads: Downloaded files are one of the formats of digital music that listeners could purchase.
Let’s find out more about how to sell music.
Sell Music: How can you earn more royalties with digital music distributors?
One of the biggest reasons to sign up with a digital music distributor is the access it provides to the world of fans. And the more fans you have, the more they will stream and download your music, hence, the more royalties you can earn. With music distributors, you can have fans from places you have never been to and from completely different continents. These platforms can also help you soar up your popularity through their “recommendation” feature.
As an indie musician, you can sign up with a digital distributor to create a system for diverse revenue streams. It will give you peace of mind and allow you to focus on what matters the most: making awesome music.
So what are you waiting for? Sign up to Deliver My Tune now.