RESIDUALS Meaning and
Definition
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Residuals are defined as the financial payments received by a creator, artist, or other rightsholder based on the continued use or exploitation of their work. These payments are typically royalties or fees that are earned after the initial sale or distribution of the work. Residuals are common in various industries such as film, television, music, and literature.
The purpose of residuals is to compensate the original creators or rightsholders for the ongoing commercial success or popularity of their work. When a film or TV show is broadcasted or syndicated, or when a song is played on the radio, the creators are entitled to receive residuals as a form of compensation for their intellectual property rights. Residuals are particularly relevant in industries where creative works have the potential for long-term profitability and subsequent exploitation.
Residuals can vary in amount and frequency depending on the specific contracts or agreements between the creators and the distribution or production companies. They may be calculated based on factors such as broadcast duration, viewership ratings, or sales volume. The terms for residuals are usually negotiated and outlined in contracts, collective bargaining agreements, or industry-specific guidelines.
Overall, residuals play a crucial role in ensuring that creators and rightsholders are fairly compensated for their work, even after its initial distribution or sale. They provide ongoing financial support and recognition for their creative contributions in industries where their work continues to generate revenue.
Common Misspellings for RESIDUALS
Etymology of RESIDUALS
The word "residuals" can be traced back to the Latin word "residuus", which means "remaining" or "left over". It is formed from the prefix "re-" (meaning "back" or "again") and the verb "sideo" (which means "to remain" or "to stay"). Over time, the term "residuus" passed into Old French as "residuel", and eventually entered English as "residual" in the late 16th century. The plural form, "residuals", emerged in the early 20th century.
Similar spelling words for RESIDUALS
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