The Record Label tracks each quarter the statements but gets these from various sources with variable speed. Usually, the Record Label is able to pay Artists between 60 - 100 days after the quarter is finished.
Quarter finished | Portals time | Record label | Payment Processors |
Q1: 31 March | +45 - 60 days: 31 May | +14 - 30 days: 30 June | +1 - 21 days: Halfway July |
Q2: 30 June | +45 - 60 days: 31 August |
+14 - 30 days: 31 September |
+1 - 21 days: Halfway Oktober |
Q3: 31 September | +45 - 60 days: 30 November |
+14 - 30 days: 31 December |
+1 - 21 days: Halfway January (Next year) |
Q4: 31 December | +45 - 60 days: 28 February (Next year) |
+14 - 30 days: 31 March (Next year) |
+1 - 21 days: Halfway April (Next year) |