The industry standard is to pay in quarterly instalments. We process our accounts and pay royalties monthly where payments have been received.
At the end of each month we will email you a statement with the latest figures. This will include any income from PPL, royalties from compilations, direct sales from music distribution, and one-off payments for licensing agreements.
You then need to invoice us for the total amount shown on the invoice. You should only invoice us once the balance is greater than £50. If your statement reads less than £50 the amount will roll over to the next month. If the amount is greater than £50 but you do not invoice us, the unpaid balance does not automatically roll over to the next account, so please invoice promptly.
We aim to pay all our invoices within 48 hours. Payment is via bank transfer, so please include your bank account details on your invoice. We do not pay via cheque.
Payments may be delayed if your invoice does not have the correct information on it. As a minimum your invoice should include: our name and address; your label’s name and a physical address; the date; a unique invoice number; the period you are invoicing for; and your bank details – account name, bank’s name, account number and sort code.
If you have any queries, please contact the label services division.