There are many ways in which musicians get paid royalties. And it might be the most confusing mess known to mankind to figure it out. But every musician needs to know this stuff inside out, and we're thankful that Ian Herstand has done it beautifully. You will learn all the "terms" you need to know, the various royalty streams, who collects what, and how to make sure you're collecting all that you have coming to you.
Thank you, Ian. The article is called "How to Get all the Royalties You Never Knew Existed." But it puts forth a very clear way to wrap your head around royalties. Read it here.