We need to know how much revenue is generated from your active licenses using Tracklib samples. That means you have to report any revenue generated from them. This is done twice each year, in January and July. You have 30 days from the end of the reporting period to report and pay (if needed) revenue.
In this guide, add all net revenue (money earned), by revenue source, for this song during this reporting period and we will calculate the total amount of royalties you need to pay to Tracklib. If you missed reporting some revenue for this song in the previous period, add that here also.
If you haven't received any net revenue for this period, press “Report no income”. Remember that you always have to account to us, even if there's no revenue to report - you still need to report 0 (zero) revenue for that song so we can be sure that you actively reported to us.
If your license fee was recoupable, the total amount earned must reach the same amount as your license fee before you should start paying royalties to Tracklib.
Adding revenue sources
If you have received several different revenue sources of the same type, add them separately. You might, for example, sell both CDs and vinyls.
Always report net revenue in the currency you received it. Tracklib automatically converts the amount to the currency you're using on the service.
These five different revenue sources can be selected here:
Revenue earned from digital streams or digital sales. For example, revenue generated from streams on Spotify as paid to your digital distribution service. You should report all net revenue that your digital distributor has received in your account for your songs here.
Revenue earned from specific licensing deals for your new song.
Neighboring rights are a form of copyright linked to commercially released recordings and generate revenue when a record is played on radio, TV or performed in public. You should report the full net revenue you have received for your song here. Neighboring rights revenue is not recoupable.
Net revenue you have generated when selling physical albums or singles, such as CDs or vinyl. Since it's net revenue, you should report the income after costs, such as printing vinyl albums.
Any net revenue your song has generated from synchronization (sync) of your song with some kind of visual media output (film, television shows, advertisements, video games, website music, movie trailers, etc.). Synchronization revenue is not recoupable.
Any income that does not fit within the categories above.
As you add revenue to each of your songs the check mark on the left in each song turns green to show you that you have actively reported on that song. Based on your reports, we will calculate the royalty (revenue share) you need to pay to us.
Once you've reported all songs you need to pay us if the total amount reaches more than $20/€20/£20. If it doesn't, you don't need to pay during this period and it'll be added to the next period's report.
It's only possible to pay once all songs are reported. Once you pay this reporting period is closed and you are done. If it doesn't reach the minimum (but you have reported for all songs) the reporting period closes automatically after 30 days.