Supercharge Your Royalties: Gain Insight and Control Like Never Before ⚡️

by Moody

We've launched a brand new royalties section making it easier for you to understand your royalties.

We’ve listened to your feedback and made significant improvements to how we handle and present your earnings, making it easier for you to track and understand your revenue.

What’s Changing?

The new system introduces a “Statements” feature, accessible from the top bar of your Spare Music account. This update is more than just a redesign—it’s a complete overhaul aimed at providing greater transparency and accuracy in how your royalties are reported.

What’s New?

Here’s a quick rundown of the powerful new capabilities in our royalty system that we believe will make it easier for you to make informed decisions and drive the growth of your catalog.

Clearer Reporting Periods:

Each report will now be labeled according to the month the revenue was actually paid, not when the sales occurred. This means you’ll see a more accurate reflection of your earnings as they come in.

Our new Overview screen is available for each new month of royalties.

Top Splits and Releases:

You’ll be able to view your top splits and top releases at a glance, providing quick insights into your most profitable assets.

Quickly see what's performing the best and the worst.

Detailed Breakdowns:

You can now drill down to the Release, Track, Split, and Store levels to see exactly how each one generated revenue. For example, if you want to see how much a specific track earned on Spotify, you can now easily access this information.

See a breakdown of any release, track or split that made revenue.

Easy Access to Downloads:

We’ve made it simpler to download detailed reports, including a full breakdown of your royalties, a top song report, and a top split report.

Statement downloads which will be available every month.

View Release Lifetime Revenue:

We've also made it super easy to quickly jump to and explore how much revenue a particular release made from the Library screen. Find any release and click the "Royalties" tab.

Lifetime Release Revenue for a release in your Library.

You'll see this if you're a release owner or on a split and it shows how much of the revenue you've received.

How It Works:

Let’s say you earned $500 in June 2024. Under the new system, this will be reported as part of the “August 2024” period—the month the revenue was paid. If we later receive an additional $50 from Facebook for June 2024, this amount will be added to your “September 2024” period, giving you a complete and transparent view of your earnings.

Consistent Reporting:

We’ll continue to provide monthly reports on or around the 10th of each month. In fact, we’re working on making reports available even earlier.

This upgrade ensures that you always know exactly where your money is coming from and when it was paid. We’re confident that this new system will make managing your music royalties easier than ever before.

Watch Our Step-by-Step Video Guide:

Need help navigating the new royalties section? Watch our video guide to learn how to use all the powerful new features, from viewing detailed reports to tracking your top releases and splits. Get the most out of your royalties with just a few clicks!

Stay Tuned!

We’re committed to making sure this transition is smooth and beneficial for all our users. Keep an eye on your inbox and the Spare Music platform for more updates as we roll out this exciting new feature.

As always, if you have any questions, our support team is here to help.