Royalty Accounting Case Study: Keeping Reporting Obligations Covered
The challenge: Managing reporting obligations
As we’ve mentioned before, collaborative partnerships have never been more prevalent.
It’s opening up worlds of creativity, co-operation and income opportunities. We’ve also mentioned the importance of following through on the “boring” details.
This includes your own reporting obligations.
Signing a deal with the topline singer means reporting to the topline singer.
So often, these admin tasks can be shuffled to the back of the queue when recording the next record or booking the next tour is taking up your headspace.
The review: Identifying every obligation
One of our producer clients had many of these deals.
After a thorough health check, we were able to identify all of their reporting obligations and put a process around meeting them.
The outcome: Statements produced every period
Using our in-house software, we complete all of their outgoing royalty obligations.
Every period, every time.
Their collaborators are receiving the reporting they’re due.
Our clients have amazing working relationships with all of their collaborators.
A new vision, a fresh direction, creative expression. These are all at the forefront of discussions and studio sessions.
What they’re not having to talk about is whether someone owes someone else reporting.
That’s covered.
Royalty accounting you can rely on
We love music. We want to make sure artists are paid every cent they’re owed.
Talk to White Sky’s Royalty Accounting specialists, Matt Bird and Kate Sloane. Complete the contact form to get in touch.
