What percentage of royalties will I receive from sales?
What percentage of due royalties will I receive from sales?
You retain complete control of your work. When selling your songs at Songbay, our license contracts assign 100% of ALL royalties to you the songwriter (composer). We take no percentage of your royalties or sale fees.
We also give you free copyright registration and protection for each song upload. The average price for this service by a copyright registration office is around $35 per upload- that's some saving! It's not difficult to see why many songwriters and lyricists use Songbay specifically for our copyright service.
Of note, we provide you with free completed contracts- saving a fortune on expensive music contract drafting! Users may of course use their own contracts, but ours are an excellent starting point, giving a clear breakdown of terms and conditions so everyone knows where they stand.
Sometimes lyricists confuse lyrics with songs, using the two terms interchangeably. This is incorrect, the two are very different. To clarify, a lyric is 'text', and a song is 'audio & text' combined (with the exception of Instrumental only songs of course). As such, lyrics by themselves, can not and do not generate any royalties. They have to be combined with audio to form a complete song before royalties can be generated.
in the event that the lyric is turned into a song, our contracts specify a minimum 25% song royalty share to the lyricist.
A common question is why only a 25% song share and not 50%? A fair question- It's largely to do with the huge expenses most songwriters have incurred honing their craft - a lifetime of composition and instrument study with the costs of recording and instrument equipment also factored in. Added to this, recording, producing, and releasing a song is an expensive business-studio and equipment hire, session musician fees alone are huge, therefore, songwriters very rarely agree to relinquish high percentages of their song royalties. They would rather write their own lyrics or look for cheaper alternatives. That's not to demean the vital role of the lyricist in songs and not to overlook the expenses incurred themselves in developing their craft, but unless the lyricist is very well known, they will find it difficult to sell lyrics when demanding high royalty rates.
You are free to negotiate your own contracts at Songbay, but ours are a great starting point, and advantageous to lyricists. As far as the percentage is concerned, our suggested royalty share of 25% is much higher than the industry average of 12-20%, or more commonly these days, no percentage at all, but a 'one-off' fee.
Also of note at this point, when a lyric is turned into a song, the songwriter can usually claim joint ownership of the lyric and prevent it from being used again-the lyric becoming integral or 'fused' with the song. Our contracts for lyricists prevent this. They are 'non-exclusive', meaning even if a lyric is purchased and used in a song, the lyricist retains full control and can use the lyric again elsewhere without hindrance.
An Important word of advice. Be very very VERY careful of copycats. Over the last couple of years, we've become aware of ‘lyric’ selling companies offering 'free' lyric uploads to their websites in return for ‘straight 50/50’ royalty shares. This sounds tempting until you look further, and we have,,
What this means, in reality, is that for the privilege of uploading your lyric to their website, you hand over 50% of your copyright in perpetuity (forever)- nice! Worse, even If they don’t sell anything, they are free to use your lyric however they wish and somehow get to own 50% of it!
At Songbay, you always control and own 100% of your lyrics in perpetuity (forever!) On top of that, we also give you free copyright registration and protection for each lyric upload. The average price for this service by a copyright registration office is around $35 per upload- that's some saving! It's not difficult to see why many songwriters and lyricists use Songbay specifically for our copyright service.
We take no percentage of your royalties or sale fees. We are totally transparent- we charge an inexpensive monthly admin fee to pay our bills and provide you with the very best and fairest platform to present, sell, and protect your work.