A "Licensor" is an Artist or Company that you have licensed a track, release or remix from. In most cases the Licensor is the Artist of the track you have signed to your record label.
Licensor : Joel Thomas Zimmerman
Artist : Deadmau5
Track : Strobe
Note - A Licensor cannot be added to a "Contract In" once a statement has been issued because a "Contract In" becomes locked.
To get into the Contract In, follow these steps from the top menu -
1. Select "Royalty -> Contracts In" from the top menu
2. Select the contract from the list to view the "Contract Details" screen
3. Click "Add Licensor" to display the "Add a new Licensor" pop up
4. Type the name of your "Licensor" to search and select them from the list
5. Click the "Save" button to add them to your "Licensors List" on the "Contract Details" screen
Create a New Licensor
If your Licensor does not exist then you can click "Create New Licensor" from the "Add Licensor" pop up.
a. Enter the "Licensor Name" which should be an artists real name or company
b. Enter the Licensors "Contact Email" address (required for emailing them statements)
c. Enter all other fields if you have the information
d. Click the "Save" button
6. Update your Licensor shares
Modify Licensor Shares
If this is the first Licensor you add to a "Contract In" you will not need to complete the "Modify Licensor Shares" section. You only need to do this if you have multiple "Licensors" and you need to split the royalties between them.
The "Modify Licensor Shares" will appear when you add multiple Licensors of if you click the link at the top of the Licensors list. This pop up gives you the ability to adjust the shares that each Licensor will receive from the royalties generated by this "Contract In".
a. If all Licensors are to receive an equal shares of the royalties due then click the "Calculate Equal Share" check box and even percentages will appear
b. You can manually adjust the shares typing values next to each Licensor but the total of all of these musy equal 100%
c. Click the "Save" button once finished