Starting August 2nd we will start charging a processing fee of $0.99 per track. This fee also includes cover song licensing! 😻 Between now and August 2nd, if you have original tracks - there is no fee. If you have cover songs, there is a licensing fee of $9.99 per cover song.
The music stores will sell downloads at the price you set, keep their cut (roughly 25-30%), and report the rest of the sale to Soundrop. We will then take out and pay any applicable mechanical licenses on your behalf if it's a cover song (9.1 cents per cover composition for downloads) before we take our 15% admin cut.Â
Example for an original: price = $0.99 - 30% (partner's cut) = $.69 -15% (our cut) = $0.59 (your share)
Example for a cover: price = $0.99 - 30% (partner's cut) = $0.69 - $0.091 (mechanical license) = $0.60 - 15% (our cut) = $0.51
The way sales reporting and commission processing flow for download is the same for streaming revenue, with the payout rate fluctuating at each music store.