If you have a remix of a track that you want to account for in RoyaltyWorx, you will need to add it to a Contract In. Depending on the deal you have with the artist there are different options for how to set this up inside RoyaltyWorx.
When creating Contract Ins, there are two default templates for remix contracts that will be there to select: Default Remix Template and Flat Fee Remix Template.
Before reading this article please ensure you have read the main article for creating a Contract In.
Default Remix Template
If your remix artist needs to receive a percentage of the royalties that are earned for the track, then you will need to create a standard remix contract using the Default Remix Template.
IMPORTANT - Before you can create a remix contract, the track must first be added to the main artist's Contract as the remixer's royalties will be added as an expense to the main artist.
You have the option on a remix contract for the calculation mode to be based on either Artist Share or on Gross Sales.
If Artist Share is selected, the share that is allocated to the remixer depends on the licensor share that you defined on the main artist contract.
For example, if you set the main Contract In up so royalties are split 50/50 between the label and the licensors, then you set the remix contract up as 50%, this means the remixer will receive 50% of the licensor share (50% of 50% = 25%)
If Gross is selected, the share allocated to the remixer is dependent on 100% of gross sales.
For example, if you set the main Contract In up so royalties are split 50/50 between the label and the licensors, then you set the remix contract up as 50%, which means the remixer will receive 50% of the gross sales. How this 50% of gross sales is deducted depends on how you define the remix expenses on the main artist contract. If you set the Remix Expense share to 50%, the main artist will pay 50% of the artist's 50% of royalties. So based on £100 coming in, the main artist on a 50/50 deal with a 50% Remix Expense and the remixer on a 50% gross deal, the following would happen.
Label 25%, Artist 25%, Remixer 50%.
Flat Fee Remix Template
If you paid the remixer a flat fee to do the remix and they should not receive a cut of the royalties then you should use the Flat Fee Remix Template.
You can then add the fee as an advance to this contract by clicking Advance in the icon menu of the Contract In. This advance will then be deducted from the main artist as an expense, defined by your expense contract detail on the main Contract In.
