Good Splits
Easy accounting for artists.
It’s not easy to split up music royalty payments to your collaborators.
So we decided to make an easy accounting tool with equity top of mind.
The challenge: Most artists will hire a business manager to split earnings received across their collaborators. If not, they’ll try to do it themselves in an Excel spreadsheet, which gets hairy pretty quickly if you aren’t a math whiz. This may take a while, or—worse—never actually get done, which leaves a lot of unpaid people waiting for their money.
In most deals, the distribution company or record label pays the artist 100% of earnings (after removing their cut, of course). If there are any royalty participants (producers, writers, engineers etc.) owed percentages of those earnings, the responsibility falls on the artist, not the distributing party.
The payments aren’t straightforward. The artist has to calculate the percentage owed per song across the sales statement and then issue the payments themselves. There are services that will take a cut to do the work on the behalf of the recipients, but we don’t believe a creative should have to pay money to receive money that they’re already owed.
The solution: A simple tool that makes it easy to input splits and see what you owe your collaborators using earnings from any sales report. Something so easy all artist managers could use it. And something so painless that collaborators would never have to ask “did I made any money from that record?”
Good Splits was born out of our own internal need since our Good Folk clients all live down-stream of the royalty equation. We realized quickly how necessary it was not only for people to pay and get paid faster, but for creators to have a better idea of how much their work is worth.
Understanding their value in the marketplace allows creators to better plan for their futures and shape their careers. Good Splits helps deliver that knowledge farther and faster.
Features:
Simple Design
Allows anyone to navigate and use the tool right from the get-go.
Works with any Sales Report
Get started right away with the files you have on hand (eg. .CSV files from aggregator services from Tunecore, Distrokid, CD Baby and more.)
Calculates Masters and Mechanicals
Good Splits calculates all royalties owed, including the mechanicals earned in the US and Canada. No royalties left behind.
Pay Your Collaborators Directly
You can even link a bank account and securely pay your collaborators right through the tool for a small fee per transaction.
Super Fast
What used to take months or years to do now takes less than sixty seconds. Seriously.
Free to use!
Yessiree, Good Splits basic is free of charge.
“I was fearing the calculations I'd have to do with countless pages of monthly Tunecore royalty statements. But then I found out about your glorious app. Truly a life-saver.”
-Vincent Corver Music