“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.
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%.