August 28, 2007
Company helps calculate complex royalties for digital music sales
The music industry - upended by Internet piracy and new forms of digital distribution - now faces another hurdle in the era of iTunes, MP3s and ringtones: how to divvy up income from those sales. The Paramus Post reports.
Some independent record labels are still using Excel spreadsheets to calculate royalties. Not the most efficient method.
Here comes Bob Kohn, the guru of music royalties.
He thinks he has a solution for music royalties in the Digital Age. It's Royalty Share, a Web-based service that he helped start in San Diego."
In their own words: Royalty Share offers record labels, music distributors and music publishers the freedom to pursue new revenue opportunities made possible by digital distribution.
We enable customers to focus on their core businesses while we take care of the increasingly complex, tedious tasks of sales data consolidation and royalty reporting.
Royalty Share combines a state-of-the-art royalty processing platform with world-class customer service. RoyaltyShare's solutions support the complete royalty process from consolidating sales data to processing and distributing royalty statements.
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