There is no such thing as a "royalty holder." Record labels are copyright holders. The record labels pay out royalties. Royalties are paid to performers, songw

There is no such thing as a "royalty holder." Record labels are copyright holders. The record labels pay out royalties. Royalties are paid to performers, songwriters and publishing companies. For streaming the record label pays two types of royalties - a mechanical royalty and a performance royalty.