Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer thy question and I shall give thy thanks! :p essa620Mathematics/Business%20Mathematics%20sE cheryl%00leaves)pdf Me Timbers' waninntn sar News, November 2,2003, p EL source Rachel Wimberly, Shiver

image text in transcribed

Answer thy question and I shall give thy thanks! :p

essa620Mathematics/Business%20Mathematics%20sE cheryl%00leaves)pdf Me Timbers' waninntn sar News, November 2,2003, p EL source Rachel Wimberly, "Shiver 5-2 Artist's Performance Royalties Performance rights izalioms track and pay royalties to song writers, publishers, and musicians for works. organ formula Royalties are paid to an artist based on a complicaded credit system using a with weights assigned for a variety of factors, including the following: Use: weight based on the type of song or performance (theme, underscore, or promotional). Licensee: weight based on the station's licensing fee, which is determined by the size of the licensee's markets and number of stations camying its broadcast signal. Time-of-Day: weight assigned according to whether the performances are broadcast during peak viewing or listening times. Follow-the-Dollar: factor based on the medium from which the money came (radio play, live performance, TV performance, and so on). General Licensing Allocation: based on foes collected from bars, botels, and other non These amounts are multiplied together, and then a radio feature premium is added, if applicable, to arnve at a total number of credits for the particular artist, or his or her eredit total for a particular reporting period. Royal are usually split among the writer, the publisher, and possibly a performer the writer does not perform his or her own work. The proportion that each party receives is called the share value. All of the money collected for the reporting period divided by the total number of credits for all performers is called the credit value. An artist who wants to figure out what money he or she will receive for a period has to multiply the throe factors, credit total, share value, and credit value. 1. Zam wants to know how much his royalty will be for a song he has written. How will it be calculated? Write the steps or the formulas wiii caicuiate his royaity payment. 2. ziam has written a popular song entitled "Going There," which has been recorded by a well-known performer. He recently received a royalty check for $7,0XX). If ziam gets a 0.5 share of the royalties and the credit value is s3.50, what was the credit total his song earned? Write out the problem in the form of an equation and solve it. 3, Ziam quickly published another song, "Take Me There, that is played even more often than "Going There." If his first song earnw 4.000 credits and his second song carns 600 credits, what will the royalty payment be from the two songs ir the credit value remains al S3.50? 4. nam is considering an aller perform his own song on a CD to be titled "waiting There, past he has writien, but not rerfonmed. a12 the pcioe of s15 lo, ois de retail Iham's royalty is calculated, is deducted packaging before how much will he receive for sale of the CD Write your answer in the form of an equalion and solve it

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance Theory And Practice

Authors: Anne Marie Ward

4th Edition

191235036X, 978-1912350360

More Books

Students also viewed these Finance questions

Question

2. What is the business value of security and control?

Answered: 1 week ago