Music royalties are payments distributed to you for the use and or reproduction of your music. To understand the importance of music publishing, a complex but vital piece of your music career, you first have to understand what music royalties are and how they break down based on the two halves of a song . They’re an essential revenue stream for all music creators, and often the biggest. In 2019, the two largest royalty collection societies in the US, ASCAP and BMI , paid out a total of $2.34 billion in music royalties to songwriters, artists and publishers. That’s only one type of revenue, performance royalties - and only in North America. Imagine the cumulative numbers across all types of royalties and around the world.