More cataloguing

I'm so ready to be done with this project, it seems to go in circles!  Today I focused on finalizing the song list (Cold Chillin'/Songs of Marl) that I set aside last week.  We were still missing artists, percentage of ownership, etc.  I had to go through and correct my work from the previous week.  There are 3 columns of the work that I dealt with today: % CAK owns, Cold Chillin' (CC), and Songs of Marl (MM).  The catalogs show the percentage that the label owns, so for example, if "XXX" song is owned by both CC and MM, then CAK owns 100%.  This time around though, I had to label how much CAK owns, and then on the CC and MM side, it would be the percentage that CAK needs to pay out.  So using the above example, CC and MM each own 50% (subsequently, that means CAK owns 100%), so they would each get 50% of the royalties (less our administrative fees and commission). 

So this is showing me how CAK, as a publisher, collects the royalties directly from the client (whoever is licensing the rights to the song - mechanical or song rights), and distributes the funds out to the artist they represent.  David says he has a pretty good idea how much will come in, and so he will pay the artists ahead of time and when the checks come in, he pays out the remainder.  Typically, he pays semi-annually (twice a year), so in the first half (Jan-June), they should expect their checks by August.