Last updated: 12 November 2019
The calculation of royalties for the first half of 2019 will soon come to a conclusion. Machi X will take snapshots of accounts and distribute royalties accordingly in the following month. If you still have questions regarding the calculation and distribution of royalties after reading the below, please feel free to reach out to us at email@example.com.
October 31, 2019 (UTC+8) – Account Snapshots
On October 31, Machi X will take snapshots of accounts at an arbitrary point in time to determine all Machi X accounts’ copyright token amounts. Royalty distributions will be based on your account balances. If you wish to participate in royalty-distribution for this time period, please be sure to hold music copyright tokens prior to Oct. 30 23:59 (UTC+8). (For the royalty distribution this time, not all the songs on the market will be included. Please reference the notes below to see the list of songs included.)
Mid-November to December, 2019 (UTC+8) – Royalty Distribution
After taking snapshots on Oct. 31, the Machi X team will distribute royalties according to total royalty amounts received by the copyright publisher and the amount of tokens in each account. The amount distributed to your account will be in the format of stablecoins USDT (ERC-20) (What are stablecoins?)
Due to the sporadic nature of music royalty distribution, we will distribute these royalties as we receive them, rather than all at the same time. For our two fan favorites, Yin Lang and Circus Monkey, we anticipate that royalties associated with these two songs will come later in December.
December 2019 (UTC+8) – Announcement of Royalty Distribution Results
After the distribution of royalties, Machi X will document the royalty distribution amount on each song’s copyright information page for future reference.
In addition to the schedule, other items that should be noted:
1. Copyright tokens that are placed on the order book to sell but have not been sold will also be eligible for royalty distribution. However, since the snapshot on Oct. 31 will be taken at an arbitrary time, copyright tokens sold before the snapshot is taken will not be counted towards your royalty distribution.
2. Since this royalty distribution covers the first half of 2019, this royalty distribution will only include songs launched on the Machi X platform before June 30, 2019. The list of songs (a total of 22) is as follows:
|Song||Singer||Token Code||Release Date|
|Yin Lang||Stanley Huang||STYL||March 6, 2019|
|Guai Guai Pai||Jolin Tsai||JOGGP||March 6, 2019|
|Black White & Grey||Khalil Fong||KFHBH||March 6, 2019|
|Huo Zhe||Jam Hsiao||JAHZ||March 12, 2019|
|Funky Na Ge Nu Hai||Da Mouth||DAFGN||March 12, 2019|
|Piao Piao||Cyndi Wang||CYPP||March 12, 2019|
|Jie Tuo||Nicky Lee||JZJT||March 19, 2019|
|Where Are You Now||Nicky Lee||JZTD||March 19, 2019|
|Yu Shang Ai||Rainie Yang||RAYSA||March 26, 2019|
|Circus Monkey||Stanley Huang||STCM||March 26, 2019|
|I Will Be Well||Nicky Lee||JZWHH||April 16, 2019|
|Just Want You||Coco Lee||COYDN||April 23, 2019|
|Think too much||Nicky Lee||JZXTD||April 29, 2019|
|Jiao Cha||Della||DEJC||May 7, 2019|
|Not Perfect||Nicky Lee||JZNP||May 14, 2019|
|Fen Shen You Shu||Nicky Lee||JZFSY||May 21, 2019|
|Fake||Nicky Lee||JZF||May 28, 2019|
|Bie Shuo||Nicky Lee||JZPS||June 4, 2019|
|Zhu lin shen chu||Leehom Wang||LHZLS||June 11, 2019|
|Shadow||Nicky Lee||JZSH||June 18, 2019|
|MACHI DIDI is Back VIP||MACHI DIDI||MDIMB||June 20, 2019|
|Love||Elva Hsiao||ELL||June 25, 2019|
3. Royalty distributions are done once every six months. January - June royalties are distributed in Q4; July - December royalties are distributed in Q2. The first royalty distribution of each song will likely not cover an entire six month period, with subsequent royalty distributions covering the entire six month period.
For example, if the royalty revenue for the first half of 2019 for
Sound wave (STYL) is NTD$12,000,
and the song was launched on Machi X on March 1, 2019 (2/3 of the time),
then the total amount of Machi X royalty distribution will be
based on the calculation of NTD$12,000 * 2/3 = NTD$8,000.
4. Each song may be launched according to different copyright categories. There are three types of copyright categories: lyrics, songs, master recordings. Each song may launch with ownership in some or all three categories of copyright ownership. Detailed information on which of lyrics, song, or master recordings that each token represents is specified on each song’s information page. The royalty amount will only cover copyrights that are owned by the token.
If you have any questions, please feel free to reach out to us at firstname.lastname@example.org