Do you have to pay taxes on DistroKid earnings?
None! DistroKid does not take any percentage off the top of what stores send us for your earnings. When stores send us earnings reports, we send 100% of the earnings allocated to you straight to your DistroKid bank.
Is 3 weeks enough for DistroKid?
It should take 2-5 days for your music to be uploaded to streaming services through Distrokid. You should allow at least 2 weeks before your scheduled release date in order for your release to be considered for curated playlists. Otherwise, Distrokid may not be able to get it to stores on time.
Does DistroKid have hidden fees?
Distrokid is a music distributor that from their marketing looks very cheap. However, they have a lot of hidden fees that they choose not to tell people from the beginning. Additionally, for every new artist name you want on your account they will also charge you to add more.
Does DistroKid give you 100% of your royalties?
Distrokid does not take any percentage of your earnings. Minus banking fees/applicable taxes. You get to keep 100% procent of your hard earned money. When using DistroKid’s Youtube Money service, DistroKid keeps 20% of the ad-revenue from YouTube videos that they find, and owes you the other 80%.
What happens if someone doesn’t send you a 1099?
If you have not received an expected 1099 by a few days after that, contact the payer. If you still do not get the form by February 15, call the IRS for help at 1-800- 829-1040. In some cases, you may obtain the information that would be on the 1099 from other sources.
How do you split revenue on DistroKid?
DistroKid can split earnings from any song or album, and automatically send those earnings to other DistroKid users. Add your collaborators, producers, bandmates, managers and more. We’ll pay them directly, so you don’t have to think about it. To get started, sign into DistroKid and click “Splits”.
Does DistroKid master your music?
The “Mastered For iTunes” label is a badge of sonic approval that you see on most major label tracks and almost none from idie and D.I.Y. artists. A new add-on service from DistroKid makes it possible for any artist to get the “Mastered For iTunes” certification.
Why does DistroKid keep charging me?
Curious about a recent charge from DistroKid? It’s typically either your annual subscription fee, or renewal for album extras you opted into and agreed to pay annually when uploading. You can find detailed information about all charges by clicking on your profile icon in the top right, and then clicking “Receipts”.
Does DistroKid charge yearly?
If I sign up for a DistroKid artist account, do I need to pay for it right away? Yes, the only way to use DistroKid’s services is to pay for a subscription. If you are a solo artist, your subscription will cost $19.99 per year.
How do I cash out DistroKid?
Go to distrokid.com/bank and click on the obvious “Withdraw earnings” button. DistroKid will send your royalties to your Wise account. This will usually just take a few days.
What percentage does DistroKid take?
We keep 20% of the revenue from YouTube videos that we find, and send you the rest (80%). But you still keep the money you earn from streaming services and music stores like iTunes, Spotify etc. You always keep 100% of that, minus banking fees/applicable taxes.
How do you split royalties with producer on DistroKid?
Just specify a collaborator’s email address and what percentage of earnings you want them to receive. Then DistroKid will make sure they get paid for every stream and download. You never have to worry about accounting, and you never have to send money to anyone. We do it for you.
Does DistroKid delete your music if you dont pay?
If you don’t renew your subscription to DistroKid, services will remove your music. The subscription is billed on an annual basis from the day you sign up.
Does DistroKid have annual fees?
What happens if I stop paying DistroKid?
If you don’t renew your subscription to DistroKid, services will remove your music. The subscription is billed on an annual basis from the day you sign up. To prevent this, you can opt any upload into DistroKid’s optional Leave a Legacy extra.
Does DistroKid review your releases?
Unlike some of its competitors, DistroKid does not review the releases you put out. This means you can avoid long wait times, but it also means DistroKid won’t help you preemptively avoid legal issues with your releases. Can you release a cover song through DistroKid?
How much does DistroKid take from my earnings?
DistroKid distributes payments every month, and you retain 100% of your earnings. That’s right, DistroKid does not take even a small percentage of your earnings, quite unlike other distribution services like Repost by SoundCloud, which takes 20%.
How does DistroKid work for independent musicians?
Independent musicians with a DistroKid membership can upload audio files, upload album artwork, and name their track or album, and DistroKid will send it off to digital stores and music streaming services like iTunes and Spotify, where it can gain traction with fans and generate earnings. Who should use DistroKid?
What audio file types does DistroKid accept?
The audio file types DistroKid accepts are WAV, WMA, M4A, FLAC, MP3, and CDDA. Unlike some of its competitors, DistroKid does not review the releases you put out. This means you can avoid long wait times, but it also means DistroKid won’t help you preemptively avoid legal issues with your releases.