What is "Beatport Mechanicals" ?

Previously to us engaging in a direct agreement with Beatport, mechanical transactions would be paid directly to the Performing Rights Organization where the sale or stream took place. As of 2016, Symphonic has a direct agreement with Beatport to pay these mechanicals directly to us. We will pay out mechanical revenue on the quarter after it has been reported since there is a different payment date.

For example, if we received a Beatport Mechanicals payment for Q216 at the time of Q316's posting, then we will pay out Q216 on the Q316 report, and so on. There is always a lag in the reporting. Mechanicals are paid after all fees are accounted for.

The "Beatport Mechanicals" also are considered "Beatport Withholding" that you may had seen in previous screenshots we may had sent if you ever inquired about your Beatport sales. It was being withheld from your direct statement until we engaged directly with Beatport to pay these mechanicals to us for us to then pay them out to you.

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