https://padlet.com/1115564_1/cxx6mzh2jly7 PRS & MCPS en-us 2017-10-02 15:53:08 UTC 2021-01-26 10:51:17 UTC hello@padlet.com 1115564_1 https://padlet.com/1115564_1/cxx6mzh2jly7/wish/193075481 PRS pays royalties to its members when their work is:
 - broadcast on TV, Radio or any popular social media account with a big 'fan base'/followers.
 - performed or played in public, whether live or through a recording
- streamed or downloaded from popular (music) websites such as Spotify, iTunes, SoundCloud etc.]]> 2017-10-02 16:04:07 UTC https://padlet.com/1115564_1/cxx6mzh2jly7/wish/193075481 1115564_1 https://padlet.com/1115564_1/cxx6mzh2jly7/wish/193075701 MCPS pays royalties to its members when their music is:
 - copied as physical products such as CDs, DVDs 
 - streamed or downloaded, again, from popular (music based) websites such as Spotify, iTunes, SoundCloud etc.
 - used in TV Shows, Films or played on the Radio]]> 2017-10-02 16:04:34 UTC https://padlet.com/1115564_1/cxx6mzh2jly7/wish/193075701 1115564_1 https://padlet.com/1115564_1/cxx6mzh2jly7/wish/193080825 In some cases money is jointly collected from broadcasting the music/work on TV, Radio etc or streamed and downloaded and is then split equally between the two societies. If however there happens to be a misunderstanding the case can be taken to court where one (or both) party could face some charges.]]> 2017-10-02 16:14:47 UTC https://padlet.com/1115564_1/cxx6mzh2jly7/wish/193080825 1115564_1 https://padlet.com/1115564_1/cxx6mzh2jly7/wish/193082504 A royalty is a type of payment paid from one party (usually the license or franchisee) to another that owns a particular asset (the licensor or franchisor for the right to ongoing that use of that asset). Royalties are there to protect the owner of the property (whether that is music, art, books etc.), as well as allow others to use the property which benefits the owner. Royalties can also protect the buyer from claims by the owner for improper use. A royalty interest is having the right to collect the stream of future royalty payments. Royalties are also a taxable income and also a business expense. Royalty payments are legitimate business expenses and are recorded on the profit or loss statement.]]> 2017-10-02 16:17:59 UTC https://padlet.com/1115564_1/cxx6mzh2jly7/wish/193082504 1115564_1 https://padlet.com/1115564_1/cxx6mzh2jly7/wish/193092786 A royalty statement is an account of finances that details a wells production and prices received. A Royalty Statement provides us with information such as the monthly payments of some music/work owners. ]]> 2017-10-02 16:35:47 UTC https://padlet.com/1115564_1/cxx6mzh2jly7/wish/193092786 1115564_1 https://padlet.com/1115564_1/cxx6mzh2jly7/wish/206333761 https://www.thebalance.com/what-are-royalties-how-they-work-4142673]]> 2017-11-13 16:33:30 UTC https://padlet.com/1115564_1/cxx6mzh2jly7/wish/206333761