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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 Adds Support for Digital Video Sales
New Service Offering for Labels and Distributors Provides
Automated Processing of Video Sales from iTunes and other Sources
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SAN DIEGO, Sept. 18, 2007– RoyaltyShare, a premier provider of digital royalty and content management solutions to the entertainment industry, today announced it has expanded its service to include automated processing of digital video sales data from services such as iTunes, AOL, Yahoo/Launch and Music Choice. This new functionality allows record labels and distributors to seamlessly and painlessly deal with video sales through the same system used to process digital music sales.
With the shift towards digital distribution in the music industry, record labels are looking to distribute and capitalize on video assets. However, the sale of video products through new channels creates the same issues the labels face with digital music sales – the need to pay royalties on millions of transactions from multiple services with widely varying data formats. RoyaltyShare simplifies this process by supporting dozens of data formats and allowing customers to easily upload and process this data.
"Recent industry research reported that music related video content accounted for 24 percent of all paid video downloads in 2006, highlighting a significant opportunity for record labels to leverage video assets in the growing digital market," said Bob Kohn, Chairman and CEO of RoyaltyShare, Inc. "By rolling out support for video products, RoyaltyShare provides our record label clients with another valuable service to manage business critical data and maintain a competitive edge in the new digital era."
Support for digital video sales processing is a component of RoyaltyShare's Digital Advantage platform, a patent-pending system that features end-to-end support of digital music sales. All current RoyaltyShare customers receive access to this feature at no additional charge.
RoyaltyShare's services are used by more than 100 leading independent records labels and music distributors. These services feature a simple fee structure based on the volume of revenue processed, making it a cost effective solution. Interested record labels can go to http://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 digital content management solutions for the global entertainment industry. Utilizing an innovative Software as a Service (SaaS) application delivery model, RoyaltyShare provides a suite of on-demand services dedicated to simplifying the increasingly complex digital sales process. Its state-of-the-art system and dedicated support team enables music labels, distributors and publishers to accurately manage the entire digital sales process anytime, anywhere. RoyalyShare's service offerings include the ripping and coding of content, metadata management, storage and delivery of digital content, managing sales and distribution information, calculating royalties and generating artist and publisher royalty reports. RoyaltyShare's Web-based solution supports the management of content sold through digital, physical, subscription, mobile and other channels. For more information, please visit http://www.royaltyshare.com.
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