Record Label Royalty Accounting
As the landscape of the music and entertainment industry is constantly evolving, accurate and timely royalty processing is needed now more than ever. Not only does a company need royalty software, which can be expensive to purchase and maintain, experienced staff is required to process the royalties accurately and efficiently.
Royalty Solutions Corporation understands these challenges and offers a variety of label services to prioritize your royalty processing. RSC is the answer to processing royalties rather than having an in-house royalty department. Our staff is fully trained and dedicated to royalties and will ensure that everything is accounted for properly.
Maintenance of Product Label Copy
Catalog Management: We ingest and validate all of your product metadata, creating an accurate and comprehensive catalog database. This ensures all data is up-to-date and correctly formatted, facilitating efficient royalty processing and reporting.
Artist / Producer Contract Analysis
Detailed Contract Review: Our industry professionals meticulously analyze your contracts line-by-line, entering the corresponding royalty models into our processing software. With extensive experience handling a variety of non-traditional deal structures, we ensure accurate and reliable royalty calculations.
Label Expenses
Expense Management: We manage all expenses incurred across your various projects, ensuring they are deducted or recouped from the appropriate parties at the correct percentages. This includes detailed tracking and allocation of costs.
Distributor Statements/Portal Login
Sales Data Integration: We interface, reconcile, and ingest your sales data from distributor statements or portal logins. Simply forward the data to us or provide access, and we’ll handle the rest, ensuring accurate and timely data processing.
Third-Party/Synchronization Income
Income Allocation: Inform us of any ancillary income such as synchronization fees, and we’ll ensure it is credited to the appropriate parties at the correct rates and percentages. Our system tracks and allocates all types of third-party income accurately.
Artist/Producer Statement Generation
Comprehensive Statements: Generate detailed royalty statements for artists, producers, and side artists, ensuring transparency and accuracy in royalty distributions. Our reports provide a clear breakdown of earnings by source, helping stakeholders understand their income.
Mechanical Royalty Statements
Mechanical Royalty Calculations: Generate detailed mechanical royalty statements to ensure all rights holders receive accurate payments for physical and digital reproductions of their works. Our system handles the complexities of mechanical royalties, ensuring compliance with industry standards.
Statement Delivery
Timely Statements: We provide accurate, timely, and professionally prepared royalty statements on a semi-annual, quarterly, or monthly basis, depending on your reporting needs. Additionally, we can handle the distribution of statements and payments on your behalf, ensuring prompt and efficient payouts.
Company Branding
Custom Branded Statements: We offer the option to brand your royalty statements with your company logo, providing a professional and personalized touch that reinforces your brand identity.
Informative Reports
Comprehensive Reporting: We provide a range of detailed reports, including sales history, income reports by product, reconciliation reporting, and profit and loss statements. These reports offer valuable insights into your financial performance and help you make informed business decisions.
At Royalty Solutions, our goal is to simplify and optimize the catalog registration process, ensuring your music is protected and monetized effectively. Let us handle the complexities of registration so you can focus on your creative work.