CompanySixteen Frames Music · INR
Operations · Music

Music

Jun 2024 to Jun 2024
What the catalogue earned on each of its two copyrights, who is paid on each recording, which chain has reported furthest behind, what arrived against an identifier nobody recognises, and where each artist stands against an advance.

What the catalogue earned on each of its two copyrights, who is paid on each recording, which chain has reported furthest behind, what arrived against an identifier nobody recognises, and where each artist stands against an advance.

Sixteen Frames Music · INR · read from Tally Prime
Recording, received
INR
300 lines from 10 sources
reported, before withholding
Largest unrecouped advance
INR
Composer — A · 30.0% recouped
advanced
Sixteen Frames Music. The two copyrights are never added together: they are different assets with different owners, collected through different chains.

Sixteen Frames Music. The two copyrights are never added together: they are different assets with different owners, collected through different chains.

Two copyrights, two chains

Net of withholding
The recording and the composition are separate rights, collected by separate bodies on separate clocks. They are never added together here. Each is shown as the sources reported it, less the tax they withheld before paying.

The recording and the composition are separate rights, collected by separate bodies on separate clocks. They are never added together here. Each is shown as the sources reported it, less the tax they withheld before paying.

Receipts by copyright
CopyrightLinesReportedWithheldReceivedCurrency
RecordingThe copyright in the master recording. Collected from platforms and distributors, and paid to whoever owns the master.300INR
CompositionThe copyright in the song itself — the melody and the words. Collected through publishers and collecting societies, and paid to the writers and their publisher.
The royalty statements of Sixteen Frames Music, read from Tally Prime. They are the only record that says which copyright a receipt belongs to, so no row here is added to another: the two are different assets with different owners. No line has been restated by a later statement.

The royalty statements of Sixteen Frames Music, read from Tally Prime. They are the only record that says which copyright a receipt belongs to, so no row here is added to another: the two are different assets with different owners. No line has been restated by a later statement.

Unmatched receipts

Held, not allocated
Money that arrived against an identifier the catalogue does not recognise. It is held rather than allocated: allocating it to the nearest plausible recording is how one artist ends up paid another’s royalties.

Money that arrived against an identifier the catalogue does not recognise. It is held rather than allocated: allocating it to the nearest plausible recording is how one artist ends up paid another’s royalties.

Every statement line matched a recording in the catalogue.

Nothing is sitting in the holding pool. That is the finding.

How far behind each source has reported

Days
The register records the period a statement covers, not the day it arrived, so the delay between issue and receipt cannot be measured and is not guessed at. What is measured is the period each source has reported through — and the two copyrights are shown separately, because they run on different clocks.

The register records the period a statement covers, not the day it arrived, so the delay between issue and receipt cannot be measured and is not guessed at. What is measured is the period each source has reported through — and the two copyrights are shown separately, because they run on different clocks.

No statement line carries a period end, so how far behind each source has reported cannot be measured.

A statement states the period it covers. Until one is loaded with that period, the reporting chain cannot be timed, and a guessed lag is worse than none.

Who is paid on each recording

Share of each copyright
Each recording carries two sets of payees, one for each copyright, and they are rarely the same people. The catalogue holds 120 compositions and 120 recordings, kept in two registers because they are two copyrights.

Each recording carries two sets of payees, one for each copyright, and they are rarely the same people. The catalogue holds 120 compositions and 120 recordings, kept in two registers because they are two copyrights.

Shares recorded against each recording, by copyright
Recording and payeeCopyrightShare%Agreement
Ormakal 47Recording75.0
Label50.0documented
Lead vocalist10.0documented
Distributor6.0documented
Featured vocalist5.0documented
Producer and mix4.0documented
Composition25.0
Composer18.0documented
Lyricist7.0documented
Vidaparayum 39Recording75.0
Label50.0documented
Lead vocalist10.0documented
Distributor6.0documented
Featured vocalist5.0documented
Producer and mix4.0documented
Composition25.0
Composer18.0documented
Lyricist7.0documented
Kadal Paatu 28Recording75.0
Label50.0documented
Lead vocalist10.0documented
Distributor6.0documented
Featured vocalist5.0documented
Producer and mix4.0documented
Composition25.0
Composer18.0documented
Lyricist7.0documented
Ormakal 67Recording75.0
Label50.0documented
Lead vocalist10.0documented
Distributor6.0documented
Featured vocalist5.0documented
Producer and mix4.0documented
Composition25.0
Composer18.0documented
Lyricist7.0documented
Ponnonam 114Recording75.0
Label50.0documented
Lead vocalist10.0documented
Distributor6.0documented
Featured vocalist5.0documented
Producer and mix4.0documented
Composition25.0
Composer18.0documented
Lyricist7.0documented
Mazhaveyil 50Recording75.0
Label50.0documented
Lead vocalist10.0documented
Distributor6.0documented
Featured vocalist5.0documented
Producer and mix4.0documented
Composition25.0
Composer18.0documented
Lyricist7.0documented
Ormakal 17Recording75.0
Label50.0documented
Lead vocalist10.0documented
Distributor6.0documented
Featured vocalist5.0documented
Producer and mix4.0documented
Composition25.0
Composer18.0documented
Lyricist7.0documented
Kaattu Katha 53Recording75.0
Label50.0documented
Lead vocalist10.0documented
Distributor6.0documented
Featured vocalist5.0documented
Producer and mix4.0documented
Composition25.0
Composer18.0documented
Lyricist7.0documented
Mazhaveyil 60Recording75.0
Label50.0documented
Lead vocalist10.0documented
Distributor6.0documented
Featured vocalist5.0documented
Producer and mix4.0documented
Composition25.0
Composer18.0documented
Lyricist7.0documented
Thirike Vaa 22Recording75.0
Label50.0documented
Lead vocalist10.0documented
Distributor6.0documented
Featured vocalist5.0documented
Producer and mix4.0documented
Composition25.0
Composer18.0documented
Lyricist7.0documented
Mazhaveyil 100Recording75.0
Label50.0documented
Lead vocalist10.0documented
Distributor6.0documented
Featured vocalist5.0documented
Producer and mix4.0documented
Composition25.0
Composer18.0documented
Lyricist7.0documented
Ilaveyil Thooval 111Recording75.0
Label50.0documented
Lead vocalist10.0documented
Distributor6.0documented
Featured vocalist5.0documented
Producer and mix4.0documented
Composition25.0
Composer18.0documented
Lyricist7.0documented
The royalty splits of Sixteen Frames Music. The 12 recordings that have received most are shown, because a share recorded wrongly against a recording that earns nothing costs nothing. A share is not a figure this application computes, so none of them opens workings; anything not recorded as documented is marked wherever it is used. Where the shares come to less than the whole, what the label keeps for itself has simply not been written down as a share.

The royalty splits of Sixteen Frames Music. The 12 recordings that have received most are shown, because a share recorded wrongly against a recording that earns nothing costs nothing. A share is not a figure this application computes, so none of them opens workings; anything not recorded as documented is marked wherever it is used. Where the shares come to less than the whole, what the label keeps for itself has simply not been written down as a share.

Recoupment against advances

Recoverable, not a cost
An advance is recoverable against future royalties, not a cost. Until it is recouped the artist earns nothing further.

An advance is recoverable against future royalties, not a cost. Until it is recouped the artist earns nothing further.

Recoupment against advances

4 of 4 artists are still working off an advance, Lead vocalist — B the furthest from clearing one

INR. The dashed rule on each row is what that artist was advanced.

Composer — Aadvanced4,20,000Composer — Badvanced6,10,000Lead vocalist — Aadvanced1,98,000Lead vocalist — Badvanced42,000
 

The artist advances of Sixteen Frames Music. Recouped is what royalties have cleared against the advance so far.

Advances: advanced, recouped, outstanding, and how long the balance has left to run
ArtistAdvancedRecoupedUnrecoupedCurrencyMonths to recoupestimateProgress
Composer — Aadvanced 1 Jun 2024INR61e30.0%
Composer — Badvanced 12 Nov 2024INR10e67.8%
Lead vocalist — Aadvanced 4 Feb 2025INR6e76.2%
Lead vocalist — Badvanced 20 Sept 2025INR36e23.3%
The artist advances of Sixteen Frames Music. An unrecouped balance is an asset of the label, not a liability to the artist. Advances are stated in the currency each was paid in and are not totalled across them. Months to recoup is an estimate and is marked as one: it divides what is still outstanding by the rate the artist has recouped at since the advance was paid, which assumes that rate holds. No royalty stream is flat, so it is a projection to argue with rather than a forecast the label has made.

The artist advances of Sixteen Frames Music. An unrecouped balance is an asset of the label, not a liability to the artist. Advances are stated in the currency each was paid in and are not totalled across them. Months to recoup is an estimate and is marked as one: it divides what is still outstanding by the rate the artist has recouped at since the advance was paid, which assumes that rate holds. No royalty stream is flat, so it is a projection to argue with rather than a forecast the label has made.

Restatements

Replaces, never adds
A platform that corrects a period it has already reported issues a replacement for the line rather than a second one. The line it replaces stops counting the moment the replacement arrives, so it appears nowhere else on this screen.

A platform that corrects a period it has already reported issues a replacement for the line rather than a second one. The line it replaces stops counting the moment the replacement arrives, so it appears nowhere else on this screen.

No statement line held for Sixteen Frames Music has been restated by a later one, so every figure on this screen counts each reported period exactly once.

Catalogue value

Two methods
A discounted cash flow values what the catalogue will earn; a market multiple values what a buyer will pay. They differ, and the difference is the negotiating range.

A discounted cash flow values what the catalogue will earn; a market multiple values what a buyer will pay. They differ, and the difference is the negotiating range.

No catalogue valuation is held.

Both valuations are needed for the gap between them to mean anything; neither alone answers what the catalogue is worth.