Difference between revisions of "Royalty"
Jump to navigation
Jump to search
(redo page as part of consolidation) |
m |
||
| Line 2: | Line 2: | ||
Royalties are common in two areas: | Royalties are common in two areas: | ||
| − | *The entertainment industry (whereby the writers of a song or film receive royalties each time | + | *The entertainment industry (whereby the writers and singers of a song, or actors and writers of a film, receive royalties each time the song or film is played) |
| − | *The mineral industry (for example, a landowner | + | *The mineral industry (for example, a landowner whose property has minerals underneath it -- most commonly crude oil and natural gas -- will receive a portion of the sale of any oil and gas produced) |
[[Category:Economics]] | [[Category:Economics]] | ||
[[Category:Real Estate]] | [[Category:Real Estate]] | ||
[[Category:Entertainment]] | [[Category:Entertainment]] | ||
Latest revision as of 20:51, July 6, 2025
A royalty is a form of income received for giving the rights to another person or entity to use a product or right that the first person owns.
Royalties are common in two areas:
- The entertainment industry (whereby the writers and singers of a song, or actors and writers of a film, receive royalties each time the song or film is played)
- The mineral industry (for example, a landowner whose property has minerals underneath it -- most commonly crude oil and natural gas -- will receive a portion of the sale of any oil and gas produced)