When are royalties reported and paid?

Symphonic Distribution pays clients on a quarterly basis. The reports are loaded 45 days after a quarter ends. Below you will find estimated report loading dates so you can be aware as to when you will see reports. In order to see reports you must be a Symphonic Distribution client and have access to the SymphonicMS.com system to not only view but to receive payment.

We can only pay royalties based on us receiving reports and of course payment from the partners that we distribute your material to.

Estimated Dates For Royalty Postings Are:
Quarter 1 (Q1): Report posted - May 15 (Q1 covers January 1 - March 31)
Quarter 2 (Q2): Report posted - August 15 (Q2 covers April 1 - June 30)
Quarter 3 (Q3): Report posted - November 15 (Q3 covers July 1 - September 30)
Quarter 4 (Q4): Report posted - February 15 (Q4 covers October 1 - December 31)

Why do you report / pay 45 days after a quarter?

We receive many reports 30 days after a quarter ends and with some partners, it takes us up to 60+ days to receive reports after a quarter ends thus, we need the time to validate the reporting and further, ensure that the funds have arrived to us prior to paying them out. For this reason we report and start to pay 45 days after a quarter ends and we're hopeful to switch this to Monthly for the partners that are starting to pay and report on a monthly basis.


Note: The dates above are estimates. We nor any other distribution company cannot control when the partners will provide us the reports and specifically payment. We will continue to do our best to report as quickly as possible.

Was this article helpful?
8 out of 9 found this helpful
Have more questions? Submit a request

Comments

0 comments

Article is closed for comments.