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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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destraMusic Selects RoyaltyShare for Royalty Processing Services
Distinguished Australian Entertainment Group is
RoyaltyShare's First Australian Customer
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SAN DIEGO, Calif. & SYDNEY, Australia, March 26, 2008 - RoyaltyShare, Inc., a premier provider of technology solutions to the entertainment industry, today announced that destraMusic, (ASX: DES) Australia's largest independent record label group, has engaged RoyaltyShare to manage digital sales processing and royalties for its leading owned and distributed independent record labels. These labels include destraMusic, Central Station Records, MRA Entertainment, Compass Bros Records, Eagle Rock Entertainment, Fable Records, Sweat It Out!, Hardwax and Grindin'.
"destraMusic has been at the forefront of digital and technological innovation," said Ken Outch, CEO of destraMusic. "To keep up with the remarkable growth we have experienced in the digital arena, we selected RoyaltyShare's comprehensive Digital Advantage services to provide our labels and partners with transparency into their digital sales channels and ensure that their artists continue to receive accurate royalty accountings."
While the sale of digital music online and through mobile devices continues to grow rapidly, most record labels and music distributors are challenged to develop the IT infrastructure needed to manage the increasing volume of incoming sales data originating from these numerous retail sources. By leveraging the RoyaltyShare Digital Advantage services, destraMusic will add essential capabilities and tools needed to continue the effective and efficient management of its digital business as one of the fastest-growing entertainment companies in Australia.
"Forward-looking media companies such as destraMusic are turning to state-of-the-art, web-based platforms to manage critical business functions, and we welcome destraMusic as the latest high-profile customer of our Digital Advantage royalty platform," said Bob Kohn, Chairman and CEO of RoyaltyShare. "By spreading the cost of developing and maintaining specialized data aggregation and royalty processing systems across hundreds of leading record labels, we're able to provide efficient and cost effective technology services for our customers."
RoyaltyShare's specially designed hosted software allows for the easy import of sales data from all the major digital distribution retailers worldwide. After uploading their data files into the Digital Advantage server with a standard Web-browser interface, record label customers can rely on the RoyaltyShare team to handle all aspects of collecting, managing and consolidating incoming sales data to calculate accurate royalties.
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 24/7 support team enable music labels, distributors and publishers to accurately manage the entire digital sales process anytime, anywhere. RoyaltyShare'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 Web-accessible 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.
About destraMusic
destraMusic (a division of destra Corporation) is the leading independent Australasian producer and distributor of quality music products on CD, DVD & in digital formats. destraMusic is a leader and innovator in artist development, TV compilations, catalogue marketing, music DVD, digital distribution and third-party licensing. destraMusic's brands include Central Station Records (Dannii Minogue, Roger Sanchez, Armin Van Buuren Tiesto, Nick Skitz), MRA Entertainment (Amber Lawrence, Matt Scullion) & Sweat It Out! (Ajax, Gameboy/Gamegirl). destraMusic specializes in niche genres such as Dance/Electronic, Country, World and Adult Contemporary through its various strategic alliances and distribution partners throughout the world.
destraMusic Editorial Contact:
Alana Stack
0412 859 410/ 02 9368 4502
Alana@mapandpage.com.au
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