knaught
Joined 13 years ago
Joined 13 years ago
All that being said, the low-end of the estimate is VERY real, because we sum up an actual number provided by The MLC. For their unmatched data, they provide a range of one dollar sign ($) $0.01 - $0.99, ($$) $1.00 - $10.00, ($$$) $10.01 - $50.00, ($$$$) $50.01 - $250, and ($$$$$) $250.01 and above. Those exact figures get worked into the estimate, and are real hard baselines that we use for the estimate. There is no inflation from us on those figures. When a track has an unbounded (five dollar sign), we then use Spotify counts to estimate where in the range it falls.
I appreciate the thoughtful conversation.
Masters is the recording themselves, made by recording artists, distributed by record labels and distributors (DistoKid, TuneCore, CD Baby, etc.)
Publishing is the "work" or the song... made by songwriters, and royalties are processed by Music Publishers and PROs (ASCAP, BMI, SESAC).
A good way to wrap your head around it is... I can record a cover of Katy Perry's Firework... I can distribute that master (and make money) to DSPs like Spotify etc... but I do not own the "song" Firework.
The Mechanical Licensing Collective (the MLC) is the body that governs US digital streaming mechanical royalties, which is a right on the publishing side.
The estimate range is our best guess for money specifically in the MLC, which is for US digital streaming mechanicals for all DSPs (Spotify, Apple, Pandora, YouTube, Amazon, etc.)