Apple today announced it has agreed to acquire the subscription streaming music service Beats Music, and Beats Electronics, which makes the popular Beats headphones, speakers and audio software. As part of the acquisition, Beats co-founders Jimmy Iovine and Dr. Dre will join Apple. Apple is acquiring the two companies for a total of $3 billion USD, consisting of a purchase price of approximately $2.6 billion USD and approximately $400 million USD that will vest over time. Apple expects the transaction to close in fiscal Q4.
If you write songs, and your songs are sold, downloaded, streamed or used in many other ways, they’re generating songwriter royalties for you. Awesome, right?
Nowadays, the types of songwriter royalties earned fall into two buckets: Physical/Analog Songwriter Royalties (generated from old school music industry), and Digital Songwriter Royalties (generated from the modern digital music industry). With all of the different ways your compositions can be used in both industry models, there’s a good chance your songs are generating money you’re not even aware of, which means you’re missing out on collecting your money, and that ain’t cool. So, to make sure that stops now, we’ve outlined 13 ways that your songs make you money.
This comes from an interesting article on how to make money in the music business.