First of all we would like to wish everybody here a Happy new Year, and a good start to 2022.
TuneSick operates a completely transparent payment system when it comes to royalties for streams. Unlike other systems, our system is very simple and easy for everybody involved to understand. Every artist gets paid the same* standard rate for their streams, there is no difference, favoritism or bias when it comes to remuneration. We send out a monthly email statement to anybody who is due payment. Sometimes this goes direct to the artist or it goes direct to the record label or distributor responsible for them. The distributor or label will then forward any payments due, it’s as straightforward as that.
The rate of pay per stream works like an interest rate. The rate can fluctuate up and down each month, depending on the financial environment and financial situation of the company – just like interest rates go up and down depending on the state of the economy and other economic factors such as wages, prices and taxes. All of this works a bit like a music ecosystem, and is done to keep the platform going so that we can continue to afford to pay artists. However, one thing for sure is that the interest rate / rate of pay for streams will never go below a certain amount, no matter what. It can always go up and increase but it will never fall below a certain level, it is always kept like this in order to ensure artists receive a decent payout no matter what. It’s still early days, and there is still plenty of work that needs to be done in order to make music streaming more equitable, but this is just the start of something new.
More information about this can be found at the helpdesk.