From now on, it’s easy to set up a "Split" of royalties between you and the stakeholders of your project (artists, producers, etc.), if you have subscribed to a Artist or a Premium account.
In simple terms, this option allows you to share the earnings from your release by assigning a percentage to one or more people.
Case 1: Setting up the "Split" before having distributed your release
To activate this feature, start the digital distribution process of a new release:
Go to step 2, "Metadata of your Single/Album" in your digital distribution process. At the bottom of this page, select the checkbox labeled "Activate royalty-sharing settings," just below the genre section and above the "Save" button:
To confirm the royalty sharing, it’s very straightforward: simply enter the email addresses of the recipients, then select the percentage of your royalties that you wish to allocate to them*.
If you want to add a collaborator with whom to share your royalties, just click on the "+" button.
Once the sharing is set up, click “Save” to confirm it and continue with the release distribution process.
Afterward, the shared royalties will automatically be sent to the Wiseband account of the email addresses you provided, allowing these people to withdraw their money as they wish ✅ 🤑
*Note: Wiseband's commission is deducted before the royalties appear in your account and the accounts of the beneficiaries.
Case 2: Setting up the "Split" after having distributed your release
If you have already distributed your release, you can still set up royalty sharing later. However, this will only take effect from the date of your request (retroactive payments are not possible).
To do this, go to your Wiseboard (the main page of your Wiseband account). Then, click on “Distribution” followed by “Digital Catalog”:
Then, hover over the release you want to configure, and click on “Share Royalties”
To confirm the royalty sharing, it’s just as simple as before: enter the email addresses of the recipients and choose the percentage of royalties you wish to share with them*.
If you want to add a collaborator, click on the "+" button.
Once the sharing is set up, click “Save” to confirm it and continue with the release distribution process.
Afterward, the shared royalties will automatically be sent to the Wiseband account of the provided email addresses, allowing these individuals to retrieve their money whenever they want ✅ 🤑
Please note that for each of your releases, you can modify the royalty-sharing settings at any time: change the percentages, add or remove beneficiaries, etc. As with Case 2, any changes to the sharing settings will take effect on the day of the change (retroactive changes are not possible).
*Note: Wiseband's commission is deducted before the royalties appear in your account and those of the beneficiaries.