Royalties are monies owned to the original creators or heirs of literary, visual, digital and art work. The work is generally copyrighted or licensed by the owners and fees are paid based on each time the work is sold or distributed. Fees and royalty payments are negotiated in contracts or agreements.

Royalties for musicians, producers, performers, writers and heirs may go unclaimed due to change of address, error in record keeping, change in company’s ownership or owners’ death. Generally, unclaimed monies get turned over from financial institutions to state’s governments. However, royalty funds can be located at guilds and unions representing musicians, actors and writers and at recording companies.

Missing Money from Royalties – What are they?

Uncollected royalty payments come from various sources and are owned to different artists, authors and their heirs. For example, music royalties may be owned to a singer who recorded a song in the past. The contract between the singer and the recording company may have stipulated for fixed royalties income over time. This also includes digital streaming recordings on internet and satellite radio.

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