You need to report revenue for all your licensed songs. You can use one of our preferred distributors and set up automatic payment splits, so that you would only need to report to us manually if you have any other revenue than from digital streaming.
If you don't use one of our preferred distributors, you need to report to us using the reporting tool on our site at least every 6 months and if you don't, you will get a reminder by email. When you receive the reminder, you have one month to account to us in order to comply with your license. You report your revenue through the Tracklib website, and if payment is needed it's done through the site as well. You don't need to send us statements from your distributor.
When reporting your revenue, you should always enter the total / gross revenue and then we calculate automatically how much is due to the original rightsholders, based on the percentage agreed in the license. You need to report even if your song hasn't made any income, there's a button to just report 0.
How do I report my revenue?
- Login to the Tracklib website and go to "Your songs"
- Click the button to report your revenue to open the reporting tool
- For every song that needs reporting right now, press the button "report revenue"
- If you have revenue to report:
- Select revenue source
- Select currency
- (Always report gross revenue in the currency you received it. Tracklib automatically converts the amount to the currency you're using on the service.)
- Enter the total / gross revenue amount
- Save the revenue report
- If you don't have any revenue to report
- Press "report 0 income for this song"
- If you have revenue to report:
- Repeat for all songs that need reporting right now
- If you want to, you can also report for songs that don't have to report for right now
- When you're done with your report, proceed to pay your revenue.
If you have any issues or questions along the way, don't hesitate to contact our support!
Revenue sources
- Physical - Revenue you have generated when selling physical albums or singles, such as CDs or vinyl. Since it's gross revenue, you should report the income before any costs, such as printing vinyl albums.
- Digital - 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 the gross revenue from your distributor.
- Synchronization (master and publishing) - Any gross 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, podcasts, movie trailers, etc.).
- Synchronization (master only) - Any gross 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, podcasts, movie trailers, etc.).
- Neighboring rights - 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 gross revenue you have received for your song here.
- Other - Any income that does not fit within the categories above.
- General licensing - Revenue earned from specific licensing deals for your new song.
FAQ
I've been asked to report, but my song hasn't earned any revenue yet, what do I do?
No worries, just report that your song has had no income.
I've been asked to report before the end of this month, but I don't get my revenue until next month, what do I do?
No worries, just report that your song has had no new revenue as of now. You can report as soon as you get your revenue.
I'm using one of Tracklib's preferred distributors have set up automatic payment splits through them, do I need to do anything else?
If you've set up automatic payment splits through one of our preferred distributors, your revenue from digital streaming is accounted and paid to us automatically. If your song has any income from other sources, you need to report it to us.
I don't know where to find my revenue and what I need to report, what do I do?
If your song is released on streaming services, your revenue will be coming in through your distributor. Check their website and look for a payouts/wallet section and if you can't find your revenue, check your distributors support pages or contact them for help.
I have more than one sample in one song, how should I report?
You should report the total revenue for your derivative song, for both samples, as you need to pay a percentage of the total revenue for your song to the original rightsholders for each sample.