When you create a new Contract In, you will notice this section below. This is where you specify the percentage of royalties to be assigned to this specific Contract In & expenses.
1 - Physical & Digital Sales
Physical & Digital Sales rate is the amount that will designate the artist's share of royalties.
It will cover streams, downloads & any simple sales entered in Vinyl & CD formats.
2 - In House Sales & Expenses
In House Sales & Expenses determines the percentage that will be assigned to tracks marked as In House (see the previous overview, point 4.).
You can use this in instances where a different rate needs to be paid to the licensors for compilation use. This also covers expenses added to these releases marked as In House as well.
3 - Third-Party & Comp Licenses
The Third-Party & Comp Licenses field determines sales from statements imported as 3rd party. It also covers any Simple Sales entered as either 3rd party license or compilation format.
4 - All Other Expenses
Finally, All Other Expenses determines the percentage of expenses added that will be recouped on this Contract In. If this is set to 50% for example & a £100 expense is added to the release, the licensor will only recoup £50.
If you need to break any of these down further, you can switch the Contract In Mode to “Advanced”, either through RoyaltyWorx Settings or by pressing the “Advanced” button at the top of the Contract In.