Different Types of Royalties: Key Insights & Examples

Different Types of Royalties: Key Insights & Examples

Here we’ll explore the different types of royalties, from creative industries like book publishing and video games to the worlds of science, technology, and natural resources. We’ll cover the key mechanisms of how they work and provide simple examples for each type to give you a comprehensive understanding of royalties in various sectors.

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Royalty Advances 101 – A Comprehensive Guide for Publishing

Royalty Advances 101 – A Comprehensive Guide for Publishing

A royalty advance, sometimes known as an advance against royalties, is a standard feature of author payments in book publishing. It may also be used in other media, entertainment, and licensing industries, when creators are paid for a work that is acquired and sold by a publisher, studio, distributor, or other business entity. In this Q&A, we will define the term “royalty advance” and answer other related questions.

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How Are Royalties Calculated? Assessment & Reporting Tips

How Are Royalties Calculated? Assessment & Reporting Tips

Royalties are a crucial aspect of financial management in various industries, particularly in publishing, biotechnology, franchising, and natural resources. Here’s a detailed overview of how royalties are calculated, when they are paid, typical percentages, and related concepts.

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Case Study: Royalty Tracker® and Sales Aggregator Scale Up Painlessly

Case Study: Royalty Tracker® and Sales Aggregator Scale Up Painlessly

The largest private audiobook production company in the US radically upgraded its royalty management process using MetaComet® software. By adopting Royalty Tracker® and Sales Aggregator, John Marshall Media and Lantern Audio Distribution saved multiple days of work per quarter, eliminated errors in calculations, and streamlined the payment process.

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Paying Royalties | Meaning, Tips & Tracking Solutions

Paying Royalties | Meaning, Tips & Tracking Solutions

Royalty payments are a key instrument in book publishing, biotechnology, and other industries that rely on the licensing and transfer of intellectual property. If your business is paying royalties to more than a handful of recipients in each royalty period, you may benefit from a software system that automates that process for you.

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Publishing Industry Solutions for Royalty Management Chaos

Publishing Industry Solutions for Royalty Management Chaos

A November 21 article from The Bookseller reports on the publishing industry’s “hidden epidemic” of chaotic royalty management, payments, and communication. (Heloise Wood, “Royalties survey sparks calls for change as Society of Authors reveals ‘increased reliance on hardship grants.’”)

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Webinar: Royalty Automation for University Presses

Webinar: Royalty Automation for University Presses

In this video we look at exactly how automated royalty management systems work, walking through real-world royalty processing scenarios. We demonstrate how to use an automated system to record contract terms, process disparate sales files, perform calculations, and generate and transmit royalty statements, reports, and payment files. We also review the implementation process and discuss best practices for a smooth and painless transition to automation.

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