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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 Increased Support for Leading Mobile Music Services
Web-Based Platform Processes Sales Data from More than 60 Mobile Operators Including Sprint, Verizon, Cingular and T-Mobile
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SAN DIEGO, April 17, 2007 - RoyaltyShare, a premier provider of digital royalty solutions to the entertainment industry, today announced expanded support for processing sales data from mobile music services. Labels making their content available through leading mobile music services including Sprint, Verizon, Cingular, T-Mobile, NineSquared, MobileStreams, Hudson, Jamster, Zingy and Groove Mobile, are now able to leverage the suite of Web-based royalty processing services offered by RoyaltyShare to consolidate, manage and process data from digital music download, ringtone, ringback and other revenue streams.
Recent advances from handset manufacturers and content providers in developing customer friendly service offerings have helped drive an increase in the consumer adoption of mobile music services. Recent industry research forecasts that wireless music and ring tone downloads will generate more than $32 billion dollars in revenue by 2010, accounting for a significant portion of total music sales worldwide.
As record labels continue to make their digital content available through a variety of online and mobile sales channels, they are tasked with the responsibility of collecting and reporting royalty statements to content owners and copyright holders. The detailed nature of modern royalties and the constantly changing landscape of digital copyright laws require a massive, scalable royalty reporting system capable of processing a staggering volume of sales data.
The cost and effort of building and maintaining such a data import and royalty-processing infrastructure would be prohibitive for one label to develop. By outsourcing this business critical function to RoyaltyShare, record labels are able to leverage RoyaltyShare's technology infrastructure and royalty expertise to manage this responsibility efficiently.
"As mobile channels continue to increase market share in the digital music space, record labels have come under increased scrutiny from artists and music publishers who expect timely and accurate royalty reporting," said Steve Grady, president & COO of RoyaltyShare. "Even the most technologically advanced records labels have found it immensely difficult to develop an IT infrastructure that can manage the inherent complexity and volume of digital music sales. RoyaltyShare removes this complexity by supporting and maintaining interfaces with content providers and royalty payees, giving customers the freedom to focus on what matters – how to market and sell music through mobile sales channels."
Utilizing custom data importers to support mobile services, RoyaltyShare imports, manages and consolidates sales data from all the major digital distribution retailers. The suite of services offered provides a standard Web-browser interface, enabling customers to dynamically track all aspects of the incoming sales data. The graphical reporting environment allows carriers to gain a new level of insight into their digital sales channels that helps to facilitate intelligent marketing decisions.
RoyaltyShare's technology is currently used by more than 50 leading independent records labels and mobile music distributors. The service features a simple fee structure based on the volume of revenue processed, making it a cost effective solution. Interested carriers and mobile music service operators can go to www.royaltyshare.com or call 858-458-1600 for more information or to sign up for the service.
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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