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AMPSUITE MAKES RUNNING A RECORD LABEL SIMPLE.
Artists selling their catalogs should also consider the tax implications of sale transactions. With our extensive experience conducting licensing and royalties audits we are often asked to provide expert testimony involving disputes between our clients and their business partners. We understand the needs of independent and growing record labels.
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- LabelGrid generates quarterly or monthly artist statements or label statements with an automated invoicing management system to save time and keep things organized.
- It also provides more detailed tables for full-catalog and by-song earnings and sources.
- In short, digital distribution turns music from a finished product into a source of income, bridging creation with royalty collection.
- It is a royalty processing platform built to deal with the scale & demands of music businesses in the digital age.
- Its Royalty Analysis feature presents earnings by type (performance, synch, etc.) overall and by song in table format.
Among the new features is extending “pipeline” advances to international earnings. Sony/ATV announced plans last July to overhaul its royalty systems ledger account to include more data and an advance capability as well. The business of songwriting is challenging enough in today’s music industry landscape. This makes the data on how your catalog is performing more than just a curiosity, but a valuable part of a songwriter’s livelihood. Thousands of investors have already discovered the power of music royalties, earning passive income from songs by Eminem, Ariana Grande, Jimi Hendrix, The Grateful Dead, & more.
Easy royalty accounting, happy artists
Digital sharing makes it easy for artists to put out new music quickly, unlike the old days when it took a lot of work and time to get music to people. Some distributors even have tools that let you set releases, which can help you plan your marketing. While the portal does not currently offer a pipeline advance, it’s a feature expected soon. Sony/ATV last year announced plans to add a “Cash Out” function to let songwriters request advances. If not, Kobalt will extend your agreement with them by 36 months. Kobalt calculates the amount it is willing to advance based on its analysis of your catalog.
It spells out who owns what rights and how royalties will be split in the future. As the song goes into the licensing and distribution phase, these early choices will have a big effect on how much money the creators and rights holders get back. For instance, Universal Music Publishing Group (UMPG) on Feb. 18 unveiled the latest iteration music industry accounting of its royalty portal, called Royalty Window.
OUR CLIENTS
Built upon award-winning Epicor ERP and CRM software, RMS automates the full accounting process, including licensing, collection, calculation and distribution. Catalogs are spread across different distributors, webstores, PROs, and a hundred other platforms. You’ve got expenses, advances, and splits to account for, and you need a way to keep track of everything that isn’t just endless spreadsheets.
- Highly developed workflow engine to allow assignment of membership representatives based on multiple parameters.
- These data points will be used to make calculations and create royalty statements for the artists.
- We’ll focus first on the services offering both analytics and advances, followed by those offering analytics only.
- It helps protect your rights as the creator and makes sure you can earn money when others use your song.
- Musicians can deduct a wide variety of expenses, like instruments, computers, websites, travel, expenses related to grooming, and more.
- Take control of your business with the data and financing now available to you.
- If any of the above risks are present, it may be beneficial to consult an auditor with expertise in royalty accounting.
- Royalty accounting has been a source of artist frustration for about as long as there has been a music industry.
- Sony/ATV announced plans last July to overhaul its royalty systems to include more data and an advance capability as well.
- We serve the entertainment industry as a trusted and longtime resource for accounting, tax, audit, and business management services – supporting our clients’ interests anywhere in the world.
- From ingestion of sales data, through calculation on contract terms, to providing clear and readable Statements, Reports and Analytics – Curve has you covered.
When the COVID-19 pandemic hit, the music industry was significantly affected as live events were essentially shut down and projects were put on hold. Despite this, the past two years have seen unprecedented sales https://www.bookstime.com/ of music catalogs at a soaring valuation. Streamline your music royalty management and your artists will thank you.
Revolutionize your business with Audio AI
Create releases and send them to multiple stores with the click of a button. We will support you through training & documentation, so you get the most from Curve. From ingestion of sales data, through calculation on contract terms, to providing clear and readable Statements, Reports and Analytics – Curve has you covered.