A small percentage of our band's songs is planned to be self penned originals. New territory for all of us but supposing we hit the jackpot and come up with a combination of lyrics, melody and chords that click. Thus creating a song that people will sing and sing along with. What do we have to do to receive our share of any royalties that the song generates if a big name artist were to record it? Not very likely but you just never know.....
Insanity: doing the same thing over and over again and expecting different results. [Albert Einstein]
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Its free and surprisingly basic I found, you then get these codes embeded either by yourself or your mastering engineer onto the Red Book Masters, this means that anytime its played anywhere commercial worldwide, it will get recognised and any royalties due will be directed to you.
I have just been through all of this recently for the exact reason you said, and whilst it looks a bit daunting its very easy, the only odd thing is you have to keep an index of the codes used so you don't double up at any time which i found a bit basic.
There is much debate at the moment about royalties and songwriter rights, just google it, its endless, but the bottom line is you probably won't get much even if Justin Bieber uses it,
Also, make sure your masters are done correctly, Im pretty confident in the studio but I still opted for a Pro Master engineer as there are some strict guidelines for radio play Db parameter levels and so on.
Pushing our stuff as ever !.....forget if you like the songs or not...I think the mastered levels have come out ok.
Good luck and lets hear your material !
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