March 10, 1999 – Two industry veterans have launched a Web site that audits legal Internet sales and downloads of music, movies, books, and other intellectual properties. The site, Royalty Review Council, features an accounting system developed by Keith Bernstein, former director of financial operations and royalty audits at A&M. With the service, the sales areas of retail Web sites are linked to Royalty Review Council, which generates monthly reports on transactions. In addition to tracking sales, the company can break out specific royalty payments to artists, publishers, managers, and other royalty recipients.
– Eileen Fitzpatrick, L.A.
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