Minimum Payment Amount

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Section 1.7 Reporting and Payment of the Getty Images Music Contributor Agreement calls out a $50 minimum payment threshold. If the royalties reported on your monthly royalty statement is under the threshold, the total amount will be carried forward to the next month until additional placements of tracks generate royalties, that when added to amount carried forward, meet or exceed the minimum pay out amount of $50.

When you completed the Getty Images Music Contributor Agreement through your Music Portal account, we set up a monthly reporting, quarterly payment contract that pays out in accordance with the following schedule:

Q1 Q2 Q3 Q4
Statement Month Statement Month Statement Month Statement Month
January April July October
February May August November
March June September December
Payment Date Payment Date Payment Date Payment Date
May 25th August 25th November 25th February 25th

 


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