The Daily Telegraph - Saturday - Money

HOW DO SONG

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ROYALTIES

WORK? There are a number of different types of song royalty that investors can buy • Compositio­n rights This refers to the copyright for writing the song • Recording rights This is the copyright of the unique recording of the song. There can be lots of different recordings of a song, known as “covers”, but only one composer of it • Mechanical Royalties are paid any time a song is sold, such as on a CD or an online steam

• Public performanc­e

Royalties are paid when the song is played publicly – including in a restaurant or a live performanc­e • Royalties are paid when a song is used in other media, such as television, adverts or video games. A one-time payment is often negotiated

Sync

PRICE £1.95m

Strutt & Parker

Greyfriars house has seven bedrooms and sits in an Area of Outstandin­g Natural Beauty. It comes with six acres of land.

In 2009, the consumer goods brand was 15th for employee satisfacti­on. Since then its shares have returned 218pc.

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