Revenue for Musicians: Songwriter Or Composer-Related Income: I
Updated: May 13, 2019
It is clear that making a sustainable living as a musician is impressive to reaching your goals. We all have in eat, sleep, and maintain an existence to exist. Well, here are forty-two ways that you can help monetize your career as a musician.
1. ASCAPLUS Awards Program Awarded by ASCAP to writer members of any genre whose performances are primarily in venues outside of broadcast media.
2. Publisher Settlement Payment from publishers to writers for litigation settlements.
3. Lyric Display
Revenue generated by the display of your lyrics on a website. Paid to songwriter/composer by publisher. *Expanded: while the right for composers to earn money based on the display of their lyrics is not new, the number of opportunities has exploded thanks to the internet and the growth of licensed lyric aggregation sites like LyricFind.
4. Streaming Mechanical Royalties
Generated when compositions are performed on interactive digital services like Spotify or Rhapsody. Paid to songwriter/composer via your publisher, your label or Harry Fox.
5. Mechanical Royalties for Cloud Storage, Lockers, Limited Uses
An April 2012 agreement between the NMPA and services set percent-of-revenue payments for the use of compositions in various cloud and locker storage situations. Paid to songwriter/composer via your publisher, your label or Harry Fox.
6. Ringtones Revenue
Generated from licensing your songs/compositions for use as ringtones. Paid to songwriter/composer via your publisher, your label or Harry Fox.