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Pecman
According to Ronnie, he wasn't an official member until the departure of Bill though I heard that Bill did try to get him some when Bill was in the band but it didn't happen until he got a piece of Bill's after his departure.
And I severly doubt Mick Taylor had a piece of anything...he couldn't even get a piece of songs he wrote on Sticky Fingers, GHS and IORR.
PECMAN
You're getting Publishing Royalties and Artist Royalties mixed up. Two different things.
(P.R. are paid to the author of the composition, usually a music publishing company is appointed to collect these monies from the label, on behalf of the songwriter).
(A.R. = A percentage of the record sales, paid by the record company to the recording artist/band. The exact percentage is set out in the recording contract and depends on the amount of clout an artist/band has. Obviously a very well known band can negotiate a better deal than a band that's just starting out. Each bandmember that enters into the agreement with the label will receive these royalties, not just the songwriters) .
When the Stones got around to setting up their own business in 1970 (after getting rid of A. Klein) there were 5 directors. All this was put in writing and notarised before the incorporation of the various companies - each of those were formed to deal with a separate aspect of the business and all of them were registered in Amsterdam to avoid source tax on royalties. The names of the 5 company directors: Mick J, Keith R, Mick T, Charlie W and Bill W and they had equal rights, e.g. all the proceeds were split 5 ways.
I'm surprised that some people don't seem to realise this. Because Mick T's departure came so unexpectedly (and left a lot of loose ends / potential lawsuits with regards to his entitlement to royalties for the records he was involved with) they thought twice about giving a new bandmember the same kind of privileges. As a result Ronnie was on a salary for nearly 20 years. In the early 90's they decided to give Woody a share of the tour proceeds but to this day he doesn't have the same rights as the rest of the band when it comes to dividing the artist royalties.