Completely agree with you. When music stars/ songwriters pass away, typically family members inherit the intellectual property and royalty stream that continues forward. The music and songs do not get renamed and re-branded under a new “author” and “publisher”. The royalties for a songwriter such as David Bowie, for example still continue to be paid to someone he most likely chose in his will for 70 years after his death. After 70 years (at least in the USA) his music will become “public domain”. Envato this Policy must be looked at very closely. All accounts should live on, and the chosen heirs must continue to collect the royalties for eternity. It should be as simple as opening a bank account. If you open a bank account or certificate of deposit, a retirement account, you have the right to assign a beneficiary in case of death. Please consider coding that into the site as soon as possible.
maybe up to 5 to be safe____________
and @jamesgiroux no I do not mean to be an emotional alarmist, but the first idea sounded so poorly thought out that I just had to speak up immediately. All of us would certainly hope that after building a business here for so many years, our loved ones could at least continue to receive the royalty revenue from these markets and the intellectual property that we, the authors own, and will assign via a “living will” to our spouse or children, parents, siblings, friends, whomever one may chose.
Please listen to this amazing theme written in 1970 “Heavy Action”…This track still generates massive amounts of money from USA football broadcasts, I’d assume for Johnny Pearson’s family, even though he passed in 2005. I am sorry but this is not at all off topic. This inheritance/ beneficiary policy needs to be addressed immediately at Envato so future royalty streams live on forever.