iTunes sells downloads at either $1.29 or $0.99. Beatport may sell at $1.99 or $2.49 in some instances. With that, for artists who signed up under our Pre-2018 pricing that gives 100% of royalties, when we say we pay 100% of royalties, it doesn't mean you will receive the entire retail selling price.
iTunes, Beatport and every other partner will retain their cut and we say we will pay 100% of royalties from what we receive. So if iTunes sells at $1.29 and they may pay $0.90 or at times lower, we give you exactly what we've received rather than taking a percentage. This is the same for any other company paying 100% of royalties.
PLEASE NOTE that if you are on any percentage (85%, 75%, etc.) you keep that percentage of what is sent to us by iTunes and other DSP's. So if the track sells for $0.99 will send us $0.70 and the split is made from that .70c.
An example is below however, please note that this is only for USA based sales. The net figure is different for other territories such as Great Britain because the GBP currency is then exchanged to dollars and, the currency being up or down vs. the dollar may impact the net earnings.
Sale Price: $0.99
iTunes collects: $0.29
Royalties sent to Symphonic: $0.70
What We Keep (Example at 20% of Revenue Deal):
We keep: $0.15
You get paid 80%: $0.55
This applies to streams as well however, streaming rates are NOT fixed rates or fixed by partners. Streaming sites keep a percentage and then the same math is applied to the royalty reports when they provide us the streaming reports. In the end you keep the largest portion of your earnings and we collect the smallest fee.