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Each label can have custom split settings and each track artist can have custom splits which override the label default split settings. Setup splits based on ISRC and UPC in catalog manager and we will remember it. You can easily setup the system to collect invoices from your artists, or have them sign an agreement allowing our application to auto-generate invoices on their behalf.
So let’s continue pretending that you are recording your version of Michael Jackson’s Thriller. In order to have permission to use the music and lyrics in the first place, you need to obtain permission to use the song itself. Even if your intent is to recreate the recording just as I described above, there is still intellectual property contained within the lyrics and the melody of the song that is separate from the intellectual property contained in the sound recording. In order to get permission to use a copyrighted musical composition, you need to contact the copyright holder and obtain Publishing rights.
Invaluable Insights Into Music Royalty Accounting Software Written by frank67
Streamline your marketing efforts and integrate LabelGrid into your existing workflow with our music marketing tools. Get in touch with a member of our sales team by filling out the enquiry form. Tailor the system to suit your needs and integrate with third party music industry accounting databases and finance systems. Get set up quickly with easy migration of legacy systems and support for multiple languages (including non-Roman characters), scripts, and currencies. Avoid distracting from your company’s mission with administrative work.
Curve Royalty Systems has launched a new ‘lite’ version of its royalty accounting software, making it more affordable for smaller independent music companies. We work closely with recording artists and others in the music industry through every financial and tax aspect of their music career. With LabelGrid you can develop and manage your royalty payment operating procedures by generating label and artist statements, collecting invoices, processing payments, and tracking your payments history with ease. Managing revenue and royalty reports can be a very tedious task, but it’s key to figuring out your future in the music industry as a record label.
Ingrooves Music Group Launches A Suite Of Global Royalty Accounting Solutions For Independent Artists & Labels
Music created today is protected by copyright laws when the work is “fixed in a tangible medium of expression.” Any work produced after January 1, 1978 is protected for the lifetime of the last surviving author plus an additional 70 years. Before making the decision on which of the above is best for you be sure to ask for a demo so you can try out the software for yourself. It can also be worthwhile contacting some of their current clients and asking for references. Would you like to know more regarding how we can meet your music/audio business’ needs? Contact us for a free and customized demo, a quote, and testimonials from our satisfied customers. Reduce risk – Have confidence that your statements are correct with the data to back it.