Damian wrote:I think Ginger has said as such in previous interviews - again, if I'm wrong someone please correct me.
Not surprised Grohl could live off Nevermind royalties - especially as he pretty much got paid as an equal partner. Cobain changed that arrangement, not entirely unfairly, for In Utero.
Conjecture again, but I think there are two 'types of royalties - performance and writer.
Just has a check on the web and found the following:
Songwriters/Composers Royalties
Performance Royalties - Paid either directly or indirectly when the work is publicly performed. This includes live performance, record, broadcast, TV, Film or video
Artist/Performers Royalties
Are completely seperate from royalties due for Songwriters/Composers although also collected and distributed by PRS and similar organisations. These are paid by the record companies to the artist or band that performed the song/s released by the company and the percentage figure is included in the recording contract. If the songwriter is also the performer of the tracks then they will receive the percentage of performance royalties as well as writing royalties. These royalties are usually negotiable but often 10% - 15%.
Also:
When you are employed to perform at a UK event, concert or gig, the venue, organiser, agent or promoter is responsible for paying copyright royalties, to the collection agency, which are then distributed to the songs creators and publishers. At one point the licence payment required the event holder to provide a list of all the tracks performed for each event. If the artist performs original tracks instead of covers, it is important to keep a list of all tracks performed including date, time and venue to enable them to claim any royalty payments that may be due.
In other countries like the US, the performer is required to licence the right to perform the song and applies to the publisher or author of the songs for permission of use which may be given freely or supplied for a fee depending on the intended use.
In addition to this, I believe most record companies give bands an 'advance' when they sign them. This may be 1 million for instance. This isn't free money, but an advance on future royalties. However - that advance has to be paid back through your royalties before you start getting paid royalties yourself. This may be the 'debt' that Damian refers to?