Caroline Records Taps Royalty Review Council for Label Royalty Accounting Services
Los Angeles, California (July 17, 2013) – Caroline, the premiere independent distribution company recently acquired by Universal Music Group, has formed a new strategic partnership with Royalty Review Council. The announcement was made today by Dominic Pandiscia, President of Caroline, and Keith Bernstein, CEO of Royalty Review Council.
Royalty Review Council will become a preferred outsource record and mechanical royalty accounting provider for Caroline’s distributed labels. Royalty Review Council provides a turnkey solution, eliminating the complexity and overhead of managing in-house personnel to manage royalty accounting and mechanical licensing.
“We felt that the best provider to manage the royalty accounting services for our clients was Royalty Review Council,” said Jillian Bordeaux, VP of Finance at Caroline. “Their track record and in-depth knowledge with music royalties, copyrights, licenses, contracts and distribution will greatly benefit our independent label partners.”
“Royalty Review Council welcomes the opportunity to work with Caroline and their distributed labels,” added Mr. Bernstein. “We can provide a cost-effective solution for each label’s royalty accounting and licensing, which frees up label resources to focus on the core areas of their business.”
Caroline is the Independent Services division of Capitol Music Group, providing a full range of label services and revenue streams for Caroline’s artists, releases and label associations on a worldwide basis, including Marketing, Promotion, Commercial Development, Branding, Synch & Licensing, and Lifestyle Marketing. Caroline is based in New York City.
About Royalty Review Council
Founded in 1999 by specialists in music royalty accounting, Royalty Review Council has become the preeminent team of professionals that provide financial consulting services for media and entertainment companies. Royalty Review Council provides digital service provider audits, outsource royalty accounting, song catalog due diligence and specialized financial consulting services. The firm is recognized as one of the first independent companies to build new infrastructures for managing, processing and reporting royalties from traditional and new digital business, including downloads, subscriptions, webcasts, streaming and pay-per-play businesses through worldwide channels of distribution such as kiosks, computers, TV set top boxes and wireless devices. Royalty Review Council’s staff has processed over 1,000,000 royalty statements calculated for artists, producers, third party licenses, publishers, and songwriters.