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Beats publishers statement

source: thetrichordist.com (click image to enlarge)

According to a post by musician David Lowrey, the above image is a real statement sent to a publisher for Beats Music royalty compensation. The comments added in red on the document I assume are his. There are dozens of theories swirling around the internet on how to read the statement and what it actually says and means. Context seems important here and unfortunately we currently have none.

I post the statement here for you to decipher and extrapolate what you will. Keep in mind, conclusions are not always as obvious as they appear at first sight with this many variables (and the notoriously non-transparent music business) at play.