Royalties are the single most misunderstood part of independent music, and the misunderstanding is expensive. This authority hub gathers the From The Stem reference and reporting on where royalties actually come from, who collects them, and how an independent songwriter or artist holds on to what they earn over a career. The coverage runs across four working areas. Publishing and songwriting royalties covers performance, mechanical, sync, and print royalties, plus the role of PROs and publishers in collecting them. Master and recording rights covers master ownership, neighboring rights, SoundExchange, and the long shadow that a recording contract casts across a career. Catalog and valuation covers how catalog deals are priced, when an independent should consider one, and the long-term tradeoffs of selling future earnings for a check today. The MLC and collection societies covers how the Mechanical Licensing Collective, ASCAP, BMI, SESAC, GMR, and SoundExchange actually pay out, and what an independent rights holder should be doing about it. The hub is written so that a working artist can read it once and stop guessing about money, and is updated as rate proceedings and collection mechanics change.