Royalty Payments facts
While investigating facts about Royalty Payments Tax Treatment and Royalty Payments Definition, I found out little known, but curios details like:
In 2016, 'Getty Images' sold some of the 100,000+ photos that had been donated, royalty-free, to the Library of Congress by the original photographer and Getty Images then demanded payment from the photographer, for using the photos she owned. She sued them (unsuccessfully) for over $1 billion.
how royalty payments work?
The lyrics of Bob Marley's "No Woman, No Cry" are officially credited to his childhood friend Vincent "Tata" Ford, who ran a soup kitchen in the Jamaican ghetto where Marley grew up. Marley gave Ford credit for writing the song so that the royalty payments could keep the soup kitchen open.
What type of cost is royalty payments?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what is royalty payments definition. Here are 7 of the best facts about Royalty Payments Meaning and Royalty Payments Accounting I managed to collect.
what are royalty payments?
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Every resident of Alaska gets an annual "oil royalty check"--a payment representing their share of revenue from Alaskan oil. In 2008 the payout reached a high of $2,069, or $8,276 for a family of four.
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Google avoided $2 billion in taxes in 2012, by transferring royalty payments from its Irish and Dutch subsidiaries to a Bermuda unit, which was simply headquartered in a local law firm.
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Nina Simone, while brilliant, was prone to outbursts: she demanded a royalty payment from Janis Ian as an exchange for having recorded one of Ian's songs, and then ripped a pay telephone out of its wall when she was refused.
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In the 1920s when public radio broadcasts began, stations would just play copyrighted music without paying the artists. Only after music publishers challenged them with copyright infringement did they start making royalty payments.
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Tesla borrowed money from his professor and reached Edison traveling in a ship. Edison was impressed with the work of Tesla and told him to build an AC generator and promised him 80% of royalty, Tesla built it within weeks and when time of payment came Edison mocked him and threw Tesla out.
