Royalty Accounting Case Study: Finding More Than $120k in Unpaid Income
The challenge: Too many deals to keep track of
The world that we live in is getting smaller by the minute. Technology has allowed us to communicate across distances and time zones like never before.
This in turn has opened up collaboration opportunities like never before.
Need a remix from your favourite French house DJ? It’s just an IG DM away.
With every collaboration comes an agreement.
Are you splitting songwriting credits? Is there just a flat-fee payment? What about the performance rights? Maybe you just do a 50/50 profit share.
There are no rules when it comes to these agreements, but one thing is for sure: they need to be executed upon.
The review: Matching deals to income
Step 1 in solving this for our clients is the royalty health check.
What deals have you done and what income are you receiving?
Match one to the other, spot the gaps, close the gaps.
What we found: More than $120k in unpaid income
In one such case, we discovered that a client had over $120k sitting in someone else’s bank account that was due to them.
The outcome: Keeping royalties on track
Now, we execute a quarterly activity report for the client which tracks all agreements, the royalties due and follows up as needed.
Our clients rest easy knowing that someone who knows what to look for is looking.
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.
