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With over 25 years of royalty management experience, MetaComet® Systems has mastered the science of calculating, paying, and reporting on royalties. We’ve compiled these resources to help you do the same.
Nelson is Canada’s leading K–12 educational publisher, currently distributing thousands of products and managing tens of thousands of royalty agreements.
Many MetaComet customers are running established publishing houses with years or decades of experience managing book publishing royalties. But others are just getting started. If you are new to the business, you may have some questions. Fortunately, the royalty experts at MetaComet have answers.
Royalty management requires impeccable accounting to ensure compliance and internal and external auditability and to maintain positive relationships with partners. This means devoting significant human and technical resources to the process. Failure to properly manage royalties or rights can lead to erroneous payments, broken trust from clients, and negative impact on your bottom line.
Royalty records management might be the most confusing part of your business. Mistakes here can cost you money and damage your recipient relationships. To clarify this intimidating process, the MetaComet® team has created the Royalty Management Lifecycle™ model.
MetaComet is all about royalty automation. Our friends at Supadu are all about helping publishers increase revenue.
MetaComet President David Marlin was recently a guest on the Booksmarts Podcast where he discussed Royalty Management and Company Security with host Joshua Tallent. Joshua is an acclaimed teacher and guide on the role of data in publishing, and a vocal advocate for high quality book metadata.
Managing royalties can be a stressful part of publishing, but help is at hand if you need it. In this episode of the IPG Podcast we talk to David Marlin of MetaComet Systems about taking the effort and risk out of calculating and paying royalties via automation.
The transition to digital methods in publishing in the last couple decades has delivered some amazing efficiencies and improvements – but it has raised a few challenges too. Looming large among these is the issue of security and the need to protect the countless pieces of information that are stored in the systems we now use daily.
This exacting certification validates industry-leading data protection on behalf of MetaComet’s established and future clients.
A royalty is a payment made by one party (the licensee) to another (the licensor) for the ongoing use of an asset, commonly a piece of intellectual property. Payment methods and frequency are established in a royalty licensing agreement between the two parties. For more details, see our article entitled, “How Do Royalties Work?”
Royalty payments vary widely across different industries and within industries as well, depending on the value of the asset being licensed, the sales volume within the royalty period, and many other factors. So, there is no such thing as an average, normal, or typical royalty check. To learn more about the elements that affect a royalty check, see our article, “How Are Royalties Calculated?”
Royalties are calculated based on a percentage of sales revenue or a flat fee per unit sold. The percentage or fee is agreed upon in a royalty licensing agreement between the licensor and licensee. The agreement will also outline other variables that will affect royalty payments. For more information, read our post, “How Are Royalties Calculated?”
Royalty recipients include copyright holders (like writers, illustrators, and composers), patent owners (such as inventors), natural resource owners, and franchisors, among others. See our article, “What Are Royalties in Business?” for further examples of people and companies that receive royalty payments.
Common types of royalties include book publishing royalties, music royalties, patent royalties, franchise fees, and oil and gas royalties. Our blog post, “Different Types of Royalties,” goes into more detail about the various types of royalties you may encounter.
Payments are typically made quarterly or annually, and sometimes monthly or semiannually, depending on the terms of the royalty agreement.
A royalty licensing agreement will include, at a minimum, a definition of the rights granted, usage conditions, and payment terms. Our article about “How Do Royalties Work?” delves into the deeper details of royalty agreements.
Yes, royalty payments are taxed as income.