RoyaltyShare Bolsters Royalty Services for Canadian Labels September 12, 2009Posted by David W. King in Uncategorized.
Tags: Canada Oh Canada, Digital Advantage, Entertainment Industry, Music, Royalties, RoyaltyShare
RoyaltyShare, a premier provider of technology solutions to the entertainment industry, announced that its Digital Advantage service now features full support for Canadian record labels to process mechanical royalties owed to the Canadian Musical Reproduction Rights Agency (CMRRA) and Canadian based publishers. With the addition of Canadian mechanical reporting, the Digital Advantage service now supports all of a Canadian label’s royalty reporting needs while providing detailed analytics to support their business.
As the primary royalty collection agency in Canada, CMRRA collects and distributes mechanical royalties to the vast majority of music copyright owners doing business in Canada.
“RoyaltyShare’s enhancements to support Canadian mechanical royalty needs, including the use of CMRRA’s electronic reporting format, represent a positive development for labels that must report royalties to CMPRA under the MLA,” said David A. Basskin, president of CMRRA. RoyaltyShare Digital Advantage is industry-first software as a service for aggregating and monitoring a record label’s sales data and calculating the royalties owed to artists, record producers and music publishers. The offering enables record labels and music distributors to consolidate, manage and interpret royalty data from digital, physical and video revenue streams. After uploading sales files into the Digital Advantage web based application, the process of managing and generating both artist and mechanical royalties are streamlined for customers.
The RoyaltyShare Digital Advantage service requires no investment in software, hardware, maintenance or upgrades. Built from the ground up to manage the complexities of the digital world, the Digital Advantage platform automates sales file management from digital services and provides records labels with unprecedented insight into their digital business.