LARGE INDIE LABELS MOVE TO ROYALTYSHARE TO SOLVE ROYALTY HEADACHES

 

Ministry of Sound Group and Malaco Music Group Migrate from Legacy Systems to Web-Based Platform

SAN DIEGO – January 18, 2011 – RoyaltyShare, Inc., a leading provider of digital revenue management and reporting solutions, today announced that its RoyaltyShare RPS platform has been adopted by two leading independent labels to address their complex artist and mechanical royalty needs. The Ministry of Sound Group and Malaco Music Group have moved to RoyaltyShare from legacy software systems in order to deal with the dramatic increase in digital transactions and improve overall efficiencies. RoyaltyShare’s RPS platform is used by more than 150 record labels worldwide and has emerged as a de facto standard for royalty processing.

 

“We are well beyond the stage where legacy royalty software can address the complex demands of the digital age,” said Cheryl Breindel, Vice President of Royalty Services for RoyaltyShare. “RoyaltyShare has been successful converting labels because we offer the performance, scalability and ease-of-use required in today’s dynamic environment.”

 

RoyaltyShare RPS is a Web-based royalty system that automates and simplifies the royalty process. Because the application is hosted, labels benefit from data security, performance and scalability not possible with legacy software systems. RoyaltyShare RPS offers support for all a record labels royalty needs including support for mechanical royalties (royalties paid to music publishers) and artist/producer royalties.

 

“We are a label with an extremely large catalog, hundreds of payees, and direct relationships with e-tailers, over 7000 statements are produced bi-annually,” said Andrew Hellier, head of Royalties, at The Ministry of Sound Group, one of the largest independent label groups in Europe. “With the increase in digital sales and digital partners, we needed a solution that would allow us to provide accurate and timely statements so we can send out all statements electronically or via the web. RoyaltyShare’s platform has automated the ingestion of hundreds of digital sales files and provided a system with the horsepower and ability to deal with millions of transactions.”

 

“Our older royalty system was not up to the task of dealing with digital royalties,” said Stewart Madison, Director of Business Affairs for Malaco Music Group. “It was clear that we needed to modernize our operations and RoyaltyShare’s system was our choice to make that happen.”

 

Labels interested in RoyaltyShare RPS can contact the company’s sales team by calling 858.784.5400 (US) or                      +44 (0) 208.439.1528 (Europe), or sending an email to sales@royaltyshare.com.

 

About The Ministry of Sound Group

 

The Ministry of Sound Group is home to a collection of the best-known record labels in the music industry including Ministry of Sound, Hed Kandi, Data, Hard2Beat, Global Underground and Euphoria. In addition to its U.S. labels, The Ministry of Sound Group operates through numerous international affiliates and licenses in more than 50 countries.

 

About Malaco Music Group

 

Comprising recording studios, record labels, music publishing companies, direct marketing operations, and distribution services, the Malaco Music Group takes original music from concept to consumer. Malaco has been making and marketing definitive southern soul, blues, and gospel music since 1968. Building on this firm foundation, Malaco’s expanded repertoire also includes jazz, urban, Christian, and children’s music. Malaco is home to many recording artists and songwriters, a catalog of thousands of original recordings and song copyrights.

 

About RoyaltyShare

 

RoyaltyShare, Inc. is the leading provider of global digital revenue management and reporting solutions for the music and book publishing industries. 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 channel. RoyaltyShare’s technology is used by hundreds companies around the world. 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.