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RoyaltyShare Contact:
Steve Grady
President, COO
(858) 458-1600 ext. 11
steve@royaltyshare.com
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Editorial Contact:
Michael Kelly
Nadel Phelan
(831) 440-2403
michael@nadelphelan.com
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RoyaltyShare Selected as Finalist for
POPKOMM Innovation in Music and Entertainment Award (IMEA) 2006
Web-Based Royalty Processing Service Nominated for Best In Category of Digital Music & Marketing Innovations, B2B Solutions
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SAN DIEGO, Calif., Sept. 6, 2006 - RoyaltyShare, a premier provider of digital royalty solutions to the entertainment industry, today announced it has been selected as a finalist for the POPKOMM Innovation in Music and Entertainment Award (IMEA) 2006 in the category of Digital Music & Marketing Innovations, B2B Solutions. In its third year, the annual IMEA Awards recognize the best new business ideas and brightest entrepreneurs in the worldwide music, media and entertainment technology sectors.
RoyaltyShare was selected as a finalist in the Digital Music & Marketing Innovations category for its suite of Web-based services designed to simplify the increasingly complex task of managing data from digital sales channels and calculating accurate royalties for recording artists and music publishers. The industry-leading royalty service enables record labels to fulfill their royalty obligations, reduce their costs, and focus on their core competencies of A&R and marketing.
"As revenue from digital distribution continues to grow, record labels will need to adopt an IT infrastructure that can handle the increasing volume of transactions and the increasing complexity of modern revenue sharing arrangements," said Bob Kohn, Chairman and CEO of RoyaltyShare. "We are proud that POPKOMM is recognizing RoyaltyShare as an innovator whose solution is helping to level the playing field for independent labels to thrive in the burgeoning digital age."
Winners of the POPKOMM Innovation in Music and Entertainment Award will be announced on Wednesday September 20th in Berlin at the European Music and Media Night Party taking place at the E-Werk nightclub.
About POPKOMM
POPKOMM is one of Europe's leading music, media and entertainment industry conventions and trade shows. After moving from Cologne in 2004, Popkomm has established itself in Berlin, covering many aspects of the music industry and its associated sectors such as mobile entertainment, the live sector, consumer electronics and fashion.
About RoyaltyShare
RoyaltyShare is the worldwide leader in Web-based royalty processing and reporting solutions for the global entertainment industry. RoyaltyShare provides a suite of on-demand services dedicated to simplifying the increasingly complex and necessary task of managing sales and distribution information, calculating royalties, and generating Web-accessible royalty reports. RoyaltyShare's centralized revenue data processing solution supports digital, physical, subscription, mobile and other sources of revenue. Its state-of-the-art system and dedicated 24/7 royalty support team enables music labels, distributors and publishers to accurately manage royalty reporting obligations anytime, anywhere. For more information, please visit http://www.royaltyshare.com.
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