Glossary

Artist cost

A cost that is recouped solely from the artist's share of royalties under a contract.

Auto-correction

A feature enabling the import of digital repertoire metadata directly from distributor sales reports, with the automatic importation of any missing digital releases by eddy.app.

Carryover

An outstanding balance from a previous royalty accounting period carried forward to the current period, either positive or negative.

Content-specific royalty rate

A sales channel rule to manage different projects with varying royalty rates under a single contract.

Contract changelog

A record within a contract documenting all modifications made to the contract.

Contract scoping

The process of generating statements for selected contracts or based on specific contract periodicity, rather than for all published contracts.

Contract versioning

Editing contracts in eddy.app allows for historical traceability, even after statement processing. Multiple versions of a contract can be created to reflect changes over time, with differences recorded in the contract changelog.

Country-specific sales channel

A feature allowing different royalty rates for specific countries in contract configurations.

Cross-contract deduction policy

A policy that dictates whether the revenue share due to a featured artist is considered before applying the recoupment of shared costs.

Cross-contract deductions

Royalty percentages allocated from one artist's contract to another, typically used when revenue for a track or release is shared with contributors like featured artists, producers, remixers.

Debit note

A different type of financial document, mostly used in France.

Geozone

A classification for sales not linked to a specific territory.

Invoice threshold

The minimum amount required for invoicing payees, set by the user. Invoices are generated only after reaching this threshold.

Payee Portal

A platform for payees to access their statements, manage self-billing, and view personalized performance insights of their releases.

Payment group

A collection of multiple invoices grouped by the payees' preferred payment methods for simultaneous payment.

Rate escalation

A feature that automatically adjusts the artist's royalty rate upon reaching a specified income or unit sales threshold.

Rebates

A reduction in the royalty rate based on specific criteria such as format, sales volume, or other predefined rules.

Recipient contract

In cross-contract deductions, the contract of the featured artist, producer, or other contributor to whom royalties are allocated.

Recoupment base

The basis for recouping a specific cost, indicating whether it is recouped from the artist's share of royalties or the gross contract income.

Reporting period

The time frame during which sales are reported to the label, also known as the accounting period.

Reserves

A portion of revenue from physical sales set aside to account for potential returns.

Royalty base

The foundational amount used to calculate the artist's royalty percentage, typically set as 100% Net Received but adjustable based on the deal.

Royalty source

Any entity, platform, or medium from which income is generated and reported to you via sales reports.

Sale (activity) period

The time frame during which a sale occurs.

Sales channel

A parameter within a contract that defines the royalty rate based on the nature of the sale, such as digital downloads, physical sales, streaming, or other specific distribution methods.

Sales matching errors

Errors that occur when sales data cannot be matched to catalog content or when sales data is incomplete.

Self-billing

A feature enabling the generation and issuance of invoices on behalf of payees.

Shared cost

A cost recouped from the gross income of a contract before applying the artist's royalty rate.

Source-specific base percentage

Used to consider a specific base percentage of sales from a particular royalty source when configuring a contract.

Statement batch

A group of statements processed simultaneously.

Statement periodicity

The frequency at which statements are processed for a contract.

Target contract

In cross-contract deductions, the primary artist contract from which royalties are deducted.

Void & Replace invoice

A feature that allows the cancellation and replacement of an already finalized but incorrect invoice.