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Multiple income streams, varying royalty rates, and
endless paperwork of artists can make royalty managers’ work challenging.
But, if you know about a user-friendly royalty calculation
and distribution software that can manage all of this, it will solve the
headache of royalties, specifically in the fast-paced world of music publishing.
Here’s how this software can help:
1. Data Input Made
Easy: Forget endless spreadsheets and messy calculations. This software allows
you to enter information like songwriter splits, licensing agreements, and
royalty rates for various income streams (streaming, mechanical licenses, etc.)
in a clear and organized way.
2. Contract Clarity:
Confusing contracts are a publisher’s worst enemy. Royalty software allows you
to store and tag contracts, making it easy to understand royalty percentages.
No more digging through mountains of paper to find that crucial clause!
3. Break down the
formulas: Royalty calculations can involve complex formulas depending on the
type of income and territory. The software takes care of the heavy lifting for
you, applying the appropriate formulas and calculations based on your data
inputs.
A good royalty
management software provides clear reports and dashboards that visualize
artists’ earnings. And, by leveraging this user-friendly royalty calculation
and distribution software, you can transform the royalty management process
from a confusing chore to an efficient system.
To Know More https://blogs.noctil.com/music-royalty-management-software/
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