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What are “royalties”?

April 26, 2017royalties

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What are “royalties”?

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When a creator buys a Lulu distribution service and their material is assigned a Lulu-owned ISBN, Lulu becomes the publisher of record and all earnings are regarded as royalties for that material, regardless of delivery format. The creator revenue generated by sales of material with a Lulu-owned ISBN meets the true and legal definition of a royalty. Royalties are reported to the IRS and are subject to withholding.

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Royalties are the major way publishers, writers, composers, software developers, playwrights and production crews are paid for their work. These laborers receive much of their compensation from royalties; and, many such royalties are collected through licensing fees.