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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 Announces Support for iTunes Complete My Album Feature
Web-Based Royalty Platform Seamlessly Supports Resulting Complex Transactions
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SAN DIEGO, April 2, 2007 - RoyaltyShare, a premier provider of digital royalty solutions to the entertainment industry, today announced that its Web-based royalty processing service seamlessly supports sales and sales return data generated by iTunes new "Complete My Album" (CMA) program. The recently announced CMA feature allows customers who previously purchased individual tracks on iTunes to receive a discount on the purchase of the complete album.
While the CMA program benefits customers using the industry leading music download service, Apple's announcement demonstrates how quickly the digital music landscape changes and the level of complexity that exists for record labels to calculate accurate royalties from music sold through digital channels. To manage the constantly changing and widely varying business models and reporting formats for online music services, record labels must have a scalable and flexible infrastructure in place.
According to RoyaltyShare chairman and CEO, Bob Kohn, these types of offerings make sense for consumers, but present serious technological challenges to content owners. "This is another example of how the digital music market is evolving and growing in complexity. As services develop creative ways to merchandise digital music, every decision has a corresponding result on how the sales are reported and how royalties are processed. Record labels that want to thrive as more revenue shifts to digital will need sophisticated systems to process and manage this information."
RoyaltyShare offers the industry's only royalty processing solution specifically built to manage the complex transactions created by programs such as CMA. The RoyaltyShare patent-pending technology platform will seamlessly manage these new data processing issues and require no action on the part of customers.
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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