Financially-savvy songwriters have been taking advantage of this loophole by quietly selling a portion of their catalogs. In addition to receiving a big lump sum payment taxed at half the rate, these songwriters are diversifying to hedge against industry turmoil, inflation, and declining royalties. It’s something worth checking out!
Music psychologist Carol Krumhansl once argued that when we listen to a song, “How the parts are perceived depends on their functions in the whole.” So we’re going to hear a song differently depending on whether we hear the verse or the chorus first. And if we jump into a song halfway, we’ll get a completely different experience all together.