It’s a royalty buyout.
In a nutshell, royalty-free music refers to a type of music license that allows the licensor to pay a one-time fee inclusive of all future potential royalties. This means that they are able to use the work(s) for as long as they’d like after that without having to send any additional royalties to the copyright owner.
If you are a composer or producer who sells music to a royalty-free site, you thereby give up your right to receive any royalties from music purchased or downloaded on those sites. Make sure to review the terms of service on any site where you are selling your music in order to avoid any confusion about how your songs are being used.
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