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From the FAQ:

If you stop paying the $19.99 per year, we may remove your DistroKid songs & albums from stores. You will continue to have access to DistroKid.com and (of course) will receive any royalties owed to you.

The reason why we remove former-customers' music from stores is because it's a lot of work for us to gather revenue reports from stores, pay out royalties, do customer service, and so on. Your $19.99 per year covers all that.

We'll automatically re-bill you every year so you don't have to think about it. If the charge fails, we'll give you ample notice before removing any of your music from stores. We know you don't want any surprises when it comes to your music.

Also, in the rare case that we remove your music from stores after your yearly subscription ends, you can of course re-join DistroKid any time and upload it again.

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