Our Royalty Accounting Services
During these challenging times for the entertainment industry, royalty accounting is a core responsibility that must still be managed, and Royalty Review Council can help you by providing assistance that bridges you through the downturn. To help manage your costs, we offer three specialized royalty accounting services…
Outsource Royalty Accounting, including Digital Delivery
Royalty Review Council provides a complete turnkey, cost-effective, professional alternative to a traditional in-house royalty department, eliminating the staffing overhead and technical complexities of managing a part-time or fully-functional in-house royalty department. We offer a viable solution for any company that is required to process music, home video, film, publishing or video game royalty and participation statements. We can process your statements using our systems.
We are recognized as one of the first independent companies to build new infrastructures for managing, processing and reporting royalties from both traditional and new digital businesses. Our systems facilitate electronically importing sales data from all the major digital service providers, including iTunes, Amazon, Rhapsody and eMusic.
We also assist companies who license catalogs from third parties for physical distribution or digital transmission over the Internet, cable, or wireless networks and are required to render royalty statements, reports, and payments. This includes new digital businesses, including all download, subscription, webcasts, peer-to-peer (P2P), streams, and pay-per-play businesses around the world through channels of distribution or purchase such as kiosks, computers, TV set top boxes, and wireless devices.
Remote Royalty Management
If you have already licensed royalty accounting software, you probably invested in advanced features designed to handle your reporting requirements. The software, however, is only part of the solution – it takes experienced, knowledgeable staff to set up the catalog, contracts, rates and payees. We can provide the manpower and expertise you need to leverage your investment, remotely accessing your royalty systems to process statements.
Since Royalty Review Council is heavily entrenched in royalty accounting, we recruit and work with seasoned and informed staff. Our Royalty Staffing service allows us to assist you in a unique way: from the inside. Working as part of your team, we can put qualified staff on site to get your royalty accounting needs addressed using your existing systems.
Our services are available to major labels, independent record labels, music publishers, distributors, webcasters, performance societies (PROs), recording artists, songwriters, digital distributors, wireless phone companies, media players, home video companies, studios, book publishers and video game companies.
Our Royalty Software Infrastructure
We utilize a variety of sophisticated royalty software systems specifically designed to fully automate the processing of royalty calculations and ensure that royalties of all types have been calculated accurately. Our systems are constantly updated to manage the evolving royalty reporting requirements associated with new sales channels, new formats, new royalty provisions, which are tailored to the needs of our clients.
Why Outsource Royalty Accounting?
Whether you are a start-up or a large organization, our systems and experienced royalty staff can oversee, calculate, and process your royalties and statements. Outsourcing provides a rapid and cost-effective turnkey solution for your operation.
By outsourcing your royalty accounting needs you will avoid the costs associated with the purchase of a royalty administration software program, recurring royalty software license fees and updates, royalty software training courses, additional computers, and the overhead expense of an experienced royalty staff.
We can scale to your needs. Your company can mitigate the risk of the overhead expense necessary to maintain a fully-functional royalty department staff to manage an unknown level of royalty accounting needs.
Leverage our industry experience! Since members of our staff have many years of experience in processing royalties, we know where problems arise and how to handle them. We understand contracts, licensing and royalties from the inside.
Learn How Royalty Review Council Can Help You
For a no-obligation consultation on how Royalty Review Council can assist you with your royalty accounting, you can request a Fee Estimate.Request Fee Estimate