Read an exclusive interview with RoyaltyShare President and COO Steve Grady here.
RoyaltyShare, a provider of technology services to the music industry, has announced a new web-based platform for managing and distributing digital music. The service, which could offer serious competition to digital aggregators like The Orchard and IODA, provides labels and distributors with a lower cost way of managing the digital sales process including metadata, encoding, storage and delivery to retailers.
When combined with the company's royalty processing service, labels can manage the entire digital sales cycle through RoyaltyShare. Traditional digital aggregators do not offer comprehensive royalty processing.
The new RoyaltyShare service targets record labels and small distributors looking for an alternative to costs and restrictions imposed by...
many digital aggregators. RoyaltyShare also offers labels an automated distribution solution, as well as, the flexibility of maintaining direct agreements with retailers.
UK based Beggars Group, a consortium of independent labels, is expanding it relationship with RoyaltyShare. Beggars already
uses RoyaltyShare's Musicalc royalty processing software and will now use the company's Digital Sales Management (DSM) Service to handle the backend processing of information for the labels under its umbrella.
"Beggars Group has been on the leading edge of digital distribution for almost a decade," said Martin Mills, president and Chairman of Beggars Group. "As the digital landscape has grown in scope and complexity, we have recognized the need for specialized technology services that offload the increasing data management burden. The combination of RoyaltyShare DSM and Musicalc services will further our ability to provide accurate & timely statements to our artists and publishers."
"RoyaltyShare is applying a new business model to the digital music supply chain by enabling labels and niche distributors to work directly with retailers in order to bring their content to market," said Bob Kohn, Chairman and CEO, RoyaltyShare. "Digital Aggregators often lock independent record labels into multi-year contracts where restrictions keep their digital revenues tied up and barriers are established to keep the labels from having direct relationships with the digital retailers. By approaching the needs of record labels from a service perspective, the RoyaltyShare Content Management Service eliminates a layer and provides customers with the technology to take ownership of their digital business."
