Making a passive income through music with film and TV, could you?
Introduction
So every 3 months we get a statement from the PRS, which is the performing right society in the UK which collects our royalties from film, tv and streaming. These are publishing royalties, so it the money you get for being a writer.
This is always a good day for us and is always a surprise. I have found this type of work to be a bit of numbers game. Luckily we have a good agent who gets us lots of placements in this field. We generally work for different song libraries whom we sign exclusive rights to different pieces of music. These go in some quite big libraries and then we kind of have to wait and see if they get used.
I will add a warning here to anyone who thinks this is all good. There are many libraries who want to sign your music away, locking up the rights but will never get you any royalties so be careful if you are going into this and do your research.
How it makes money?
Well our music is being played all over the world. We never know where things are being played. What is nice about this form of income is that it is passive. Take example this song we wrote like 15 years ago being used in Denmark for something! You will see how this can generate into a passive income, all be in £8.06 this starts to build up.
Now that was just for 1 TV show I think as it does not give many details. That song over all earned a bit more than that as it was played on a few other TV shows too. However this is the kicker I co-wrote that song with 1 other person, yet I only have 25% of the royalties....good agents and manager are expensive. however it does pay off... 25% of something is better than 100% of nothing.
However what I sometimes like is the randomness of it all, this is a very throw away song written too many years ago. Not only does it still provide an income, it seems to have been used in Chillie....we never find out sometimes where these songs are used.
You also get some little bits and bobs for radio things
And also for different things such as Twitch when people use the music for different things I guess, although again a lot of this is a mystery .....
Then do not forget you also receive PRS money for streaming services....not sure we gonna get rich from this but again this is a numbers game... 1 song can earn a little bit more cash so it can;t be bad!
Conclusion
Like I said this is all a numbers game, number of songs, number of plays, numbers of uses. We long ago worked this out and have spent many years getting 1000's of songs out there as writers and producers. So we now get paid every 3 months without doing any more work. Are we millionaires? No definitely not however is it nice to get paid in cash every 3 months ....definitely yes.
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This is good information which is not accessible for the people who are not associated with the field or newbies in the field, personally, I like to know even the teeny tiny info about I have smallest interest to - and, who doesn't have interest in music.
Thanks for sharing this.
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ye some people might find it interesting, we have lots of songs out there all making little bits and bobs which does add up!
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yep it is like that!
At least you are getting something. I don't think most people realise how hard it can be to earn from making music. The big names seem to take the largest share. That's not surprising when the same few songs get played all the time on the radio.
I put my album on Spotify, but it has not made much. I sold a few copies on Bandcamp, but I have made far more from being on Hive. Not that I expect to live off my music.
I have hopes that more musicians will come to Hive to supplement their income. We need the fans to join too. In the meantime I will support those who are already here.
Have a rocking Xmas and poptastic new year.
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ye we ok as we have lots and lots of music out there and it all earns! Hive is good to help us generate a different income stream for sure, I just don't get why more people are not here!
We need some sort of marketing campaign to make more musos aware of it next year.
we been working on this and have our systems in place however musicians are lazy....
Let me know if I can help out at all.
Well i think we will start talking to labels rather than individual artists
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.It's good to hear that there are services where you get something for your music.
ye it is hand the cash!
Just like that, this is the industry through which people have worked hard and earned a lot of money.
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