royalties

Definitions

Economics

  • noun money paid to an inventor, writer or the owner of land for the right to use his or her property. It is usually a certain percentage of sales, or a certain amount per sale.

Marketing

  • plural noun a proportion of the income from the sales of a product such as a new invention, a book, or a piece of music that is paid to its creator

Media Studies

  • plural noun a fee paid for the right to play commercially-produced music on a radio station
  • plural noun money payable when an artist’s work is used, according to copyright
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