“Music Publishing Royalties” – HITRECORD had arranged for the Community to receive 50% of the total music publishing royalties that were paid to the songwriters, their publishers and HITRECORD.
“Master Royalties” – HITRECORD had arranged for the Community to receive 45% of the total royalties from Master licensing and sales royalties that were paid to the artists and HITRECORD.
Unique to this project, song royalties were distributed to more parties than just HITRECORD and the Community. For confidentiality purposes we couldn't disclose non-HITRECORD interests, however below we have laid out how the royalty percentages were split between HITRECORD and the Community:
Regarding music publishing royalties, 56.25% went to HITRECORD and the Community. In an effort to provide the Community the largest share, of that 56.25%, the Community received the 50% and HITRECORD retained the 6.25%.
Regarding master royalties, 50% went to HITRECORD and the Community. Of that 50%, the Community received the 45% and HITRECORD retained the 5%.
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