When it comes to publishing, we’ve talked about the rights that all songwriters have, how TuneCore Music Publishing Administration collects your mechanicals from downloads and streams, and most recently, how to submit your compositions for publishing.
Now we’re turning our focus to your TuneCore Music Publishing Administration statement, so you can get a better understanding of what all the numbers and technical words really mean. Every quarter (45 days after the close of each calendar quarter), your statement is available as a PDF download in the accounting dashboard in your TuneCore account.
We’ve put together a sample royalty statement, along with a section-by-section description of what each column in the statement means. As you’ll see, a publishing statement looks pretty different from the sales statement you receive as a TuneCore Distribution customer.
Your publishing royalties can come from hundreds of sources, and can represent over a dozen types of royalties, all depending on the sales, uses and licenses of your compositions.
A publishing statement also includes the different royalty percentages you receive, based on your share of each individual composition, plus a “Catalog” field that contains information like the specific performance use, catalog number, or digital store that is accounting the royalty.
We hope this information is helpful to you as a songwriter/publisher, and we will continue to add any relevant fields or information we can as the music industry evolves.
President TuneCore Music Publishing Administration
(Download the sample royalty statement and explanation above, or see below if you wish to view them here.)
Your TuneCore Publishing Royalty Statement Explained
· Source Name- The name of the source from which your royalties are being accounted (e.g. a digital store or rights society).
· Income Type- This is the type of income the royalty line relates to. For more information please click here. Types of income include:
-Digital Download (Mechanical)
-Digital Download (Performance)
· Statement ID- This refers to the statement ID# we use for internal purposes.
· Period From/To- This refers to the period in which the royalty income was reported.
· Units- This refers to the # of streams, downloads or physical sales of units within the reporting period.
· Catalog- Depending on the type of royalty being reported, this column could include any of the following: The TV Episode or Movie your composition was featured on, the Digital Store that accounted to the relevant source (e.g. Spotify or iTunes), ISRC# or UPC # from a physical sale or download.
· Territory- The country in which your income was earned.
· % Received- The royalty % of the composition received from the society, digital store or other source (only listed if not 100%). Note – In the instance that the royalty is coming from a PRO, writers are accounted to directly by the PRO, which would result in a 50% Publisher share received (if you control 100% of the composition).
· Amount Received- The total amount of money received from the Source.
· Share- The % you control of the % we administer. For example, you have a co-writer who is also represented by TuneCore Music Publishing Administration. If you co-wrote the composition 50/50, then the share would be 50.
· Contractual rate- The contractual royalty rate between you and TuneCore Music Publishing Administration.
· Amount Due- The final royalty amount due to you for this royalty receipt line, in USD.