Good Splits Debuts Free Music Royalty Calculator
Last week, on Aug. 19, Good Splits officially launched their free music royalty calculator for artists, after a 2019 beta round. The new tool was created by Nashville-based music manager Jordan Mattison, who founded Good Folk Management, and New York-based digital agency Coalesce.
"The music industry has a terrible history of serving the artist last. Good Splits was built to help artists do their royalty accounting in a super accessible way—and I hope it's one step toward a more equitable music business," Mattison recently told Billboard. "Not only does it save time, it actually helps more artists get paid what they're owed, which in turn actually lets them plan for the future—something musicians feel is often out of their reach."
Good Splits' target users are independent artists or, as their website states, "working musicians who don't have access to fancy accounting teams." With the artist in mind, the team created "a new, simple tool that would allow musicians to bid farewell to their unwieldy spreadsheets, calculate payments faster, and provide more reliability and transparency to their collaborators."
"We saw a problem in the music business and knew that some smart strategy, simple tech and savvy design could help fill the gap in a real, tangible way," Tucker Margulies of Coalesce said to Billboard. "It shouldn't take crazy technology to be able to know how much a song has made or how much you owe a collaborator."
Good Splits was designed to work with all major aggregators and distributors, including self-distributor models like Tunecore or serviced-distributors like AWAL. The only data the user needs to provide is a CSV file from whichever music service they use, along with the splits. The tool will offer "a clean, easy-to-understand earnings breakdown by song, album and collaborator" to help users make payouts simpler and more transparent.
Good Splits is accepting new users for the free service on a rolling basis—visit their website for more info and to sign up.