SAN DIEGO, Sept. 1, 2009 – RoyaltyShare, a premier provider of technology solutions to the entertainment industry, today 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. Canadian-based record labels are responsible for reporting mechanical royalties to CMRRA and direct publishers through statements that clearly note sales units and the amount that is owed to a publisher. CMRRA's licensees must also comply with the royalty and technical reporting provisions of the Mechanical Licensing Agreement.

"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. "Our clients will benefit from this effort with royalty reporting that meets our standard requirements and that facilitate the processing of the royalties received from labels."

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. The service utilizes specially designed software that enables the easy import of sales data from all the major digital distribution retailers such as iTunes, Napster, eMusic, Rhapsody and many others. 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.

"We are pleased to expand our localized support for record labels around the world with enhancements to the RoyaltyShare Digital Advantage service recently announced in the U.K. and now Canada," said RoyaltyShare chairman and CEO Bob Kohn. "Our goal is to simplify our clients' revenue ingestion and royalty reporting tasks with advanced web-based solutions while saving them money and providing detailed analytics that improve business decisions."

The RoyaltyShare Digital Advantage service requires no investment in software, hardware, maintenance or upgrades. With flexible, pay-as-you-go pricing, RoyaltyShare's web-based platform consolidates catalog metadata, licenses, contracts, payees, sales files and royalty statements into an easy to understand interface that can be accessed from anywhere, at any time. 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.

About RoyaltyShare

RoyaltyShare is the worldwide leader in web-based royalty processing and digital content management solutions for the global entertainment industry. Utilizing an innovative Software-as-a-Service (SaaS) application delivery model, RoyaltyShare provides a suite of on-demand services dedicated to simplifying the increasingly complex digital sales process. RoyaltyShare's service offerings include metadata management, managing sales and distribution information, calculating royalties and generating royalty reports. RoyaltyShare's web-based solution supports the management of content sold through digital, physical, subscription, mobile and other channels. RoyaltyShare is based in San Diego with offices in New York and London. More information on the company can be found at http://www.royaltyshare.com.