Before reading this article please ensure you have read the main article for creating Contract In's here.
If you have a remix of a track that you want to account for in Royalty Worx, you will need to add it to a Contract In. Depending on the deal you have with the artist there are different options for how to set this up inside Royalty Worx.
When creating Contract In's there are two default templates for remix contracts that will be there to select: Default Remix Template and Flat Fee Remix Template.
Default Remix Template:
If your remix artist needs to receive a percentage of the royalties that are earned for the track, then you will need to create a standard remix contract in using the Default Remix Template.
Before you can create a remix contract, the track must first be added to a main artist Contract In as the remixer's royalties will be added as an expense to the main artist.
You have the option on this remix contract for the calculation mode to be based on either Artist Share or on Gross.
If Artist Share is selected, the share that is allocated to the remixer depends on the licensor share that you defined on the main artist contract in.
For example, if you set the main Contract In up so royalties are split 50/50 between the label and the licensors, then you set the remix contract up as 50%, this means the remixer will receive 50% of the licensor share (50% of 50% = 25%)
If Gross is selected, the share allocated to the remixer is dependant on 100% of gross sales.
For example, if you set the main Contract In up so royalties are split 50/50 between the label and the licensors, then you set the remix contract up as 50%, this means the remixer will receive 50% of the gross sales. How this 50% of gross sales is deducted depends on how you define the remix expenses on the main artist contract. If you set the Remix Expense share to 50%, the main artist will pay 50% of the artists 50% of royalties. So based on £100 coming in, the main artist on a 50/50 deal with a 50% Remix Expense and the remixer on a 50% gross deal, the following would happen.
Label 25%, Artist 25%, Remixer 50%.
This would be calculated as follows.
£100 comes in
Split between the Label and artist 50/50 which is £50 each
Remix contract gets 50% of the £100 so £50. This is then applied as an expense which the artist pays half of so: Label = £50-£25 (to the remixer) Artist = £50-£25 (to the remixer)
If there are two remix artists who remixed the track who both need a cut of the royalties, simply add them both as licensors and define their share as normal, making sure it adds up to 100%.
Flat Fee Remix Template:
If you paid the remixer a flat fee to do the remix and they should not receive a cut of the royalties then you should use the Flat Fee Remix Template.
You can then add the fee as an advance to this contract in by clicking "Advance" in the icon menu of the Contract In. This advance will then be deducted from the main artist as an expense, defined by your expense contract detail on the main Contract In.