4.7 Can I share my earnings directly with my partners?
Yes, with iGroove, you have the option to share your release earnings with your partners. This can be set up directly through the app or desktop version.
You can set the participation for each individual song. Once you have recorded the participation, your partners will automatically receive a notification and have access to their personal iGroove account as well as the iGroove app. By accessing the trend data of the respective songs, your partners can see how they perform at any time.
You can also specify for each deal whether withholding tax should be included or not. This way, all your partners are correctly recorded from the start and you can save yourself a lot of paperwork.
Payments are made monthly from iGroove to all participants’ accounts. Each participant can independently choose when and how often to withdraw their credit.
There are no costs for those who set up deals. Due to the effort involved in paying out to partners, we charge a small payout fee of 8 USD per transaction. This fee only applies to artists who are not already iGroove customers, i.e. those who only use iGroove as a partner without releasing their music through us.
All participants receive credit every month and are free to decide when and how often they want to withdraw it. For example, this could be every three months or once a year. This is a clear advantage over other providers such as DistroKid, who charge a fixed monthly fee of $10 per partner.