Other than supporting the music you love and being a part of someone's dream, backers get paid when the music they have funded is being streamed. When the music you have backed is released, you will also get access to daily trend data, which means you can see in real time how the song is streaming.
The "Return" icon in each campaign indicates the potential amount paid out when the one year streaming goal is reached. If it says 1.6 it means that backers are likely to get 1.6 times the funding they provided or, put differently, if you invest €10, you would end up with €10*1.6 = €16.
Your share is calculated like this: the song is valued based on the artist’s estimate on the number of streams during one year. This is possible as we know what a stream typically would be worth. That said, it’s an estimate, not exact science. Your funding in relation to that value determines your share. A value of 100, and funding of 10 would result in a 10% share. For backers this is only the beginning. Until all of the funding amount has been paid back (10 in our example), backers get all the revenue collected, after Corite has taken its fee. Only after all of the funding is paid back will the backers and the artists get their respective share. This means the backer will actually get the money back before the song reaches its streaming goal. If the song doesn’t reach its goal, the payouts will be less, if it breaks the goal the payouts will be higher. All share the risk as well as the rewards.
Together we will celebrate milestones and keep you updated on how the music is being streamed.