By offering a comprehensive cloud-based solution that simplifies music royalties and catalog management, Royalti.io is changing how music professionals approach royalty tracking and data analytics. This platform streamlines royalty management through automated tracking, real-time financial breakdowns, and intuitive catalog organization. Royalti.io is lauded for its ability to handle everything from contract management to royalty distribution—all from a single, secure dashboard. It’s little wonder that artists, producers, and music companies are ditching spreadsheets and making the transition to digitalized and sustainable solutions. So why are pros switching to Royalti.io?
We will explore why music professionals are opting for the ultimate royalty management solution, highlighting its key features and benefits and how it’s revolutionizing the management of music royalties and accounting.
Understanding Royalty Management
At the risk of sounding repetitive, the streaming era has fundamentally altered how music royalties work, particularly how they are earned and collected. The most common payment model for streaming platforms operates on a pro-rata basis, where revenue from subscriptions and advertisements is pooled and distributed based on each artist’s share of total streams. In addition to album sales, artists now receive cumulative payments per stream on platforms like Spotify.
But this model is not without its complexities. For example, because revenue is earned per stream, each payment is accumulated over a specified period, often requiring millions of streams to generate substantial income. The global reach of streaming services also complicates royalty distribution with varying laws and rates across different countries. As a result, income is often unpredictable, and artists rarely know exactly how much they’ll earn at any given time.
The complexity of modern royalty management extends well beyond streaming. Artists today must navigate multiple revenue streams, including mechanical royalties and sync licensing fees. First among the rising concerns is the lack of transparency in the collection and distribution of royalties, prompting many artists to seek direct control over their royalties. There’s also the issue of metadata accuracy. Incomplete or incorrect metadata can lead to lost or misallocated royalties.
To address these challenges, the industry is increasingly turning to technological solutions. Cloud-based royalty management systems that can process millions of lines of data and produce statements in minutes rather than weeks offer much-needed transparency in royalty reporting.
Features of the Royalti.io Platform
Royalti.io offers a centralized repository that serves as a secure vault for all music assets, enabling straightforward organization. The platform boasts an intuitive interface, where users can organize artist assets, metadata, and release information.
Its contract management system stands out for its thoroughness. Users can create and manage digital versions of virtually any type of music business contract and establish detailed royalty splits.
The platform automates royalty calculations based on pre-agreed split terms while simultaneously tracking advances, expenses, and payments linked to specific artists or assets.
Users can access detailed reports on royalty earnings across various revenue streams and integrate with accounting tools to review production and marketing expenses.
Royalti.io also provides real-time analytics on streaming performance and audience demographics.
Strict access controls give users full authority over who can access what data, allowing them to grant specific permissions to team members as needed. This ensures sensitive data remains protected while maintaining transparency.
Users can upload royalty data files from multiple sources, with the system automatically importing artists, assets, and products from the processed information. Through this user-friendly interface, they can track accrued royalties, monitor payments, and analyze trends without needing any technical expertise.
Making the Switch to Royalti.io
In an era where royalty management is riddled with complexities, Royalti.io stands out as a practical solution, bringing together essential tools for catalog organization, financial tracking, and rights management on a single, streamlined platform.
Once onboard, the workspace becomes your central hub for managing artists and users. You can invite artists, producers, and songwriters via email, providing them with personalized dashboards and building the kind of transparency that fosters long-term trust. The platform’s strength lies in its ability to simplify complex processes through automation while maintaining complete transparency.
With the financial management tools in the accounting section, you can track revenue and manage expenses with precision. The platform automatically processes royalty data files from multiple sources, instantly generating detailed financial reports. Thanks to its API integration capabilities, Royalti.io ensures seamless connectivity with your existing tools and software. Whether you need to link with streaming services like Spotify and Apple Music or integrate with accounting software, Royalti.io keeps data flowing smoothly across your entire workflow.
So, rather than struggling with scattered spreadsheets and delayed payments, music professionals can now track their earnings in real-time and manage their entire catalogs efficiently.
