Songs Invest - FoMoInfo

Am I giving you an exclusive right to sell my music?
No. All music listed for sale here may continue to be sold by artists any way they wish. Of course, any sales outside of Songs Invest will not have the benefits we provide.

Do you have an acceptable use policy?
Yes, we comply with all PayPal acceptable use requirements. For more information, please tap here.

How can a music file go up in value?
In exactly the same way old, vinyl albums may be worth thousands more than their original price. TrakIt numbers are sequential, providing provenance and rarity. But, instead of relying on a number in the space between the runout groove or on an album cover, TrakIt numbers are in the filename, stored in a database and available for the owner to use from anywhere in the world.

How much does the artist get from the first sale?
Currently, Songs Invest pays $4.46(US) for each first sale. This amount will go up in the future, as economy of scale kicks in.

How can I tell how much money you owe me?
Each music file listed for sale has the number of first-sale copies sold at the end of its filename. Simply multiply that number by $4.46.

How often are artists paid?
Payments are made almost instantly. Money is split at time of payment so artists get paid at the same time we do.

How much does the artist get from each re-sale?
Currently, Songs Invest pays 10% of each re-sale to the artist or their representative. This amount may go up, as economy of scale kicks in, but will remain in this range so as to give incentive for re-sales to the owner of the music.

What is a pass?
A pass is simply a bit of code that gives you access, kinda like a back stage pass. Specifically, it is a random, TrakIt (base60) number, that artists must have to upload music to us.

How do I get a pass?
You can only get a pass directly from someone representing Songs Invest or from another artist who has already submitted a single.

Why is an artist required to have a pass?
We’d like to make sure that everyone who gives us music to sell, has the authority to do so. We realize this is impossible, but by requiring musicians and songwriters to only recommend people they know, some of this may be eliminated.

How can you prevent someone from submitting music composed by others?
We can’t. But, many countries have laws prohibiting theft of intellectual property. Many attorneys specialize, in just such cases. Also, as this is willful copyright infringemnt, maximum penalties may apply.

Will my music be on Songs Invest forever?
Probably not. Music will remain for sale as long as it sells more than 10 copies per month. There will be one notice given. If there are still less than 10 sales in the next month, it will be delisted. This number may change, if needed. Of course, copies already sold will be retained in ChekIt and can still be bought and sold.

Can I submit more than 1 single?
Yes! If your original single sells 1,000 copies, or more, you will be sent another pass and can submit another. This number may change, if needed. You'll also be able to upload albums in the future.

How do artists get paid?
Currently, we are asking artists to have $ sent to them via PayPal, as it is much easier to convert from US currency to others. The PayPal charges for this transfer will come out of artist’s earning. Contact john@thenewmusicbiz.com if you have any questions about this.

Where does the rest of the money go?
Right now, the person who submits the music or their representative gets 90% ($4.46) of every $4.95 (US). PayPal gets 5% + 0.05 ($0.2975). When sales are over $100,000 for this site, the Mp3 license holder may be entitled to get 2% ($0.099) of each sale. Songs Invest gets the remainder and, yes, PayPal gets more than we do. We're all about transparency!

Why do you use a sexagesimal numbering system for identification numbers? Why are your sexagesimal numbers different from others?
First of all, sexagesimal is a base 60 numbering system. (Just like hex, except instead of 16 numbers, there are 60.) We use sexagesimal numbers because they’re smaller. That is, it takes less space than the decimal system. For example, 100,000 in decimal is Smf in our sexagesimal. Unlike the hex numbering system, there is no standard sexagesimal system. We use a "modern" version which includes 0-9, A-Z, followed by a-z, except there is no capital o and no lower case L, so they're not confused with 0 (zero) and 1 (one). And, it is way cool! While it originated thousands of years ago, we still use it every day! To learn more about sexagesimal numbers, go to TrakItId.com

What is ℗ and how does it differ from ©?
The © means the work is copyrighted and people who copy your work must either get your permission or pay you for the copy at a price determined before they make the copy. ℗ is also a copyright symbol, meaning phonogram, which designates a sound recording. There is only one ©, but there can be as many ℗ as there are recorded performances of a particular piece of music.

Can someone inherit my music?
Yes. If your music has an income stream from this site, you should have written instructions (a will), stored in an obvious, safe place on what to do if you become unable to manage it yourself.

I already have a manager, agent, and other people. What do I do with them?
You can still employ any of those people you like. The only difference is the money goes to you first, not the other way around. There are many individuals or companies who specialize in niche jobs expressly for new and emerging musicians.

What if I have a record company deal?
Congratulations! We encourage all those under contract, to honor their contracts. However, we have no way of knowing or researching if artists may have exclusive distribution rights with someone else.

Can I remove my music for sale?
Yes. Music may be removed at any time by completing the Quit Sale form, accessed on the quit page. Of course, no new copies will be protected with TrakIt, but copies already sold will retain their value because TrakIt™ numbers and id of owners will remain in our databases.

Music files with TrakIt numbers can still be copied, what’s the big deal?
The big deal is, for the first time, it's easy to see if a file copy is legitimate, or not.
  Copy may be illegal if:
  1. Music filename does not begin with ⓣ.
  2. Filename does not have a TrakIt number.
  Copies are definitely illegal if:
  3. TrakIt number does not change when copy is made.
  4. Your identification is not present in ChekIt for your TrakIt number.
  5. Multiple copies exist with the same TrakIt number.

Who owns Songs Invest?
Songs Invest is entirely owned by falling possums, llc, and The New Music Biz .com. Other projects at this time include Muso Mojo and COA Rego.

If you have any questions that aren't answered here, please contact john@thenewmusicbiz.com. Thanks!

©2017 falling possums, llc
and The New Music Biz.com™

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