How will any royalties be split? | hitrecord

How will any royalties be split?

“Music Publishing Royalties” – HITRECORD has arranged for the Community to receive 50% of the total music publishing royalties that are paid to the songwriters, their publishers and HITRECORD.

“Master Royalties” – HITRECORD has arranged for the Community to receive 45% of the total royalties from Master licensing and sales royalties that are paid to the artists and HITRECORD.

Note: 

Unique to this project, song royalties will be distributed to more parties than just HITRECORD and the Community. For confidentiality purposes we cannot disclose non-HITRECORD interests, however below we have laid out how the royalty percentages are split between HITRECORD and the Community:

Regarding music publishing royalties, 56.25% is going to HITRECORD and the Community. In an effort to provide the Community the largest share, of that 56.25%, the Community will receive the 50% and HITRECORD will retain the 6.25%.

Regarding master royalties, 50% is going to HITRECORD and the Community. Of that 50%, the Community will receive the 45% and HITRECORD will retain the 5%.