You don’t have to divide the pie evenly, but it tends to work most smoothly. A split sheet is a short document that details which writer owns what percentage of a song. I was actually concerned that it wouldn’t work in Excel 2011 as it’s getting kind of old now and this template will not work in Google Sheets either. One way to make the process transparent (and is absolutely necessary) is by filling out a split sheet.This is an agreement that assigns the ownership percentage each producer and songwriter has in a song. There's a standard formula you can use to calculate percent change in Google Sheets: =(B-A)/A. Indeed, almost every music producer these days will ask for a percentage of your record royalties. Do producers get publishing royalties? It is the source of truth when registering songs to music rights organizations. Artist as a result of substantial efforts and negotiations by Producer with such company within the period of ONE YEAR following the completion of the Masters Artist agrees to pay Producer a commission of six percent (6%) of the actual cash advances (exclusive of recording budgets) received by Producer upon execution of said agreement. Gain insight into your financial status and assess your setbacks or growth with this balance sheet template. This should be done prior to registering the song on the PRO website(s). Document assets, liabilities, and equity at a certain point in time and compare against previous periods to determine financial positioning and create a plan for the future. Recording fees aren't generally recoupable against producer royalties, but advances should be recoupable or subtracted from royalties ultimately paid to the producer, just as the name suggests. Balance Sheet Template. Make It Simple. PRODUCER ROYALTY. Split Sheets are therefore an important tool to track musical collaborations among songwriters, artists, musicians, publishers and any other person or company that may be directly involved. For songwriters, it clarifies what each person’s specific contribution to the song was, whether that be lyrics, the hook, the melody, the beat, or something else entirely. If the parties by mutual agreement select an attorney to handle the disposition of subsidiary rights in the WORK, such attorney's fees will be split according to the same percentages as specified in paragraph 3 above. Split Sheet. Both have their own 100 percent pie. Genre can make a difference in how splits are set, as hip-hop, rap, and dance producers typically get a higher percentage than jazz and classical producers. For instance, if there are two songwriters and one producer, the songwriters each get 50% of their pie, and the producer … songwriter, producer) Share of songwriter percentage of song and/or share of producer percentage of song; Performing rights organization affiliation (PRO) and publishing company (if available) a 30% producer percentage split between 3 producers at 10% each. Maybe try and download it again. As a producer, you may use your 50% as a selling tool in getting talent attached. Each party’s contributions and ownership percentage of a particular musical composition are detailed. While it is a legal document, you probably don’t need to hire a lawyer, especially during the early stages of your career; instead, you could download this free template. PandaTip: This Profit Sharing Agreement Template is written in a manner so that it can apply to a situation whereby a company has hired someone to market a product for them and offered a share of the profits on the sale of the product. You need to have a split sheet for every song that you write or co-write. The Buyer must disclose the Seller’s copyright ownership percentages (“split sheet”) to the Buyer’s record label, aggregator, distributor, and publisher. A split sheet should be created for each and every song you write, before ever shopping it to a third party to be published commercially.. Related Terms: Split; Administration; Composition (Underlying Composition) Related Article: Understanding Split Sheets and Lyric Sheets This helps to not only ensure that each person gets their fair share of the future publishing income, but it’s the foundation to keep great records and documents of your business in music. Eg. 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