License Video Incomes
What is a License Video Income?
A License Video Income represents revenue received by the Organization for granting a license to use a Video asset, outside of a synchronization context.
This type of Income typically originates from third parties such as platforms, media companies, brands, or partners, for specific licensed uses of Video content.
Unlike Royalty Statement Incomes, a License Video Income is a direct, negotiated revenue and is not based on usage level reporting.
A License Video Income is calculated by manually assigning one or several Videos to an Income and dividing the amount according to the applicable contracts.
Where to find License Video Incomes
License Video Incomes are displayed in the Incomes list.
To access them, open the navigation menu on the left, click the "Royalty Accounting" icon, locate the "Transactions" section, and click the "Incomes" list.
License Video Income Step by Step
Follow the step by step process below to add and calculate a License Video Income:
- Adding the License Video Income
- Adding Videos to the License Video Income
- Processing the License Video Income
◼ 1. Adding the License Video Income
Open the navigation menu on the left, click the "Royalty Accounting" icon, locate the "Transactions" section, and click the "Incomes" list.
At the top right of the list, click the "New Income" button and select "New License (Videos)".
A panel opens to create the License Video Income.
Details
| Field | Description |
|---|---|
| Name | Internal name of the Income |
| Label Contract — Money In | Label Contract receiving the revenue |
| Sale Date | Date on which the license occurred |
| Payment Date | Date the Organization received the funds |
| Source Currency | Currency in which the amount was received |
| Net Amount | Net amount received by the Organization |
| Foreign Net Amount | Net amount in a foreign currency, if applicable |
| Foreign Gross Amount | Gross amount in a foreign currency, if applicable |
| Notes | Internal notes |
Tags
| Field | Description |
|---|---|
| Custom Tags | Tags assigned to the Income |
Once completed, click the "Save" button to create the Income.
The Income is created in "Draft" status and opened in a dedicated panel.
◼ 2. Adding Videos to the License Video Income
At this step, you must add the Video or Videos on which the license revenue will be calculated.
You can add Videos in several ways:
- Click the "Add Videos" button at the top right of the Income panel and select Videos from the list
- Drag and drop Videos directly from the Videos list into the License Video Income panel
- Copy and paste Videos from another list or selection
You may add one or multiple Videos, depending on the licensing agreement.
Once all Videos are added, click the "Divide" button at the top right of the page to proceed.
◼ 3. Processing the License Video Income
Processing a License Video Income calculates the royalty distribution based on the selected Videos and their associated contracts.
To process the Income:
Click the "Divide" button at the top right of the panel.
A confirmation panel opens, summarizing the Income details.
Click the "Save" button to launch the calculation.
During processing, the Income status switches to "Processing".
Once completed, the Income status switches to "Processed".
What happens after processing
When a License Video Income is processed:
- Accounting Operations are generated
- Operations are visible in the Operations tab of the Income panel and in the Operations list
- Operations are linked to the associated Label Contracts
- Contract Balances are updated accordingly
- Rights Holder Balances reflect the calculated royalties
License Video Incomes have immediate accounting impact once processed.
Updated about 3 hours ago