We have been asking many times for an update of broadcast data policy which is crucial for tracking our performance royalties (which can be much higher than standard sales earnings) and which is standard outside the Royalty Free branch. Finally our demands have been heard… by a main AJ competitor who started a publishing service which collects and manages broadcast and other performance data. I am pretty sure that their move is at least partly motivated by our forum discussions, I bet they monitor AJ forum.
Because we do not have any staff member directly delegated to our whole AudioJungle>Authors issues, I publish the competitor’s announcement here, just to keep staff up to date with the industry standards. I have censored name of the competitor stock due to forum rules. Please do not treat this as a discussion about competitor but as a discussion about the industry standards. Please do not call names of the competitors.
The rest of text:
Historically, collecting performance royalties can be a difficult, time-consuming, and costly process. More importantly, it can be very challenging for a rights holder to obtain the details required to collect accurate performance royalties (including identifying the end user for a given musical work and where the work was broadcast). However, with XXXX Publishing that all changes: we manage all of this on your behalf, ultimately maximizing the performance royalties you are entitled to and creating a new income stream.
Key information about the program:
These performance royalties are in addition to the upfront license revenue you receive when your track is licensed through XXXX.
You will keep all of your writer and publisher performance royalties, less a standard admin fee from the publisher share to cover our expenses.
We will make every effort to ensure that buyers file cue sheets and provide relevant information for public broadcasts on film and TV.
You are not required to license exclusively through XXXX in order to participate in XXXX Publishing.
Participation in XXXX Publishing does not interfere with other publishing arrangements you may have, as we will only be collecting performance royalties generated by tracks licensed through XXXX.
We will help you sign up as a writer with a performing rights organization if you are not already (which is a prerequisite to collecting performance royalties and completely free with BMI).
You’re in control - you decide whether to participate in XXXX Publishing.
As we launch XXXX Publishing, we will also be adjusting your share of license revenue to align with the industry standard for a non-exclusive marketplace. Beginning September 3rd, 2019, contributors to our Music and Sound Effects offerings will begin collecting 35% of the license revenue their content generates through XXXX. We did not make this change lightly but we are no longer able to pay a materially higher revenue share for the same content available on competing marketplaces while continuing to invest in developing a global customer base for your content. We appreciate your understanding as we align with an extremely competitive landscape.
While the reduction in upfront license revenue may be disappointing for some, we believe you will benefit from the potentially significant income associated with XXXX Publishing. Those who are already collecting performance royalties understand how these recurring payments can materially exceed the one-time revenue their tracks generate when licensed through XXXX. We strongly encourage you to enroll in XXXX Publishing to benefit from this important new revenue opportunity.