Labels, publishers and distributors will now be able to outsource some or all of their royalty processing tasks, as Downtown Music’s new royalty and financial services division announced Thursday (June 27) the launch of Curve Royalty Services.
The move follows Downtown’s acquisition of royalty processing platform curve royalty system In January 2023, the Downtown department was established. Downtown Royalties and Financial Services, last month. Downtown Royalty is led by tom Allenfounder of Curve.
The division focuses on three core areas: royalty processing, royalty accounting services and payments powered by Curve.
Curve Chartered Services expands existing services for Curve’s global customers. In a statement released on Thursday (June 27), Downtown said clients can leverage the company’s expertise to provide accurate reporting to artists and songwriters.
Curve platform, surpassed 1,500 people Customers include Domino, Epitaph, Mad Decent, Armada, Cloud9, Devil Music and big machineSince its launch in 2017, it has provided transparent reporting and payments. 1.7 billion Monthly Royalty Amount in 2024 and Beyond 10 billion Royalty line for the first three months of the year.
“This is the logical next step for Curve, leveraging our team’s knowledge of royalties, catalog management and the Curve platform itself to help our customers.”
Richard Leach, Curve Royalty System
The service is designed to be flexible, allowing clients to choose the level of outsourcing they require. The platform will provide assistance to clients who need assistance entering the Curve platform, specific royalty processes, or complete royalty accounting responsibilities. The service has already begun its initial rollout.
“We are proud to announce the expansion of Curve’s offerings to provide our customers with top-tier royalty services. This is the logical next step for Curve, leveraging our team’s knowledge of royalties, catalog management, and the Curve platform itself. Help our customers. Richard LeachManaging Director of Curve Royalty Systems.
“Our goal has always been to make royalties better and easier: now, our royalty services team can use the powerful Curve software for accounting processes, taking on those parts of the process that clients want to outsource.”
“Royalty accounting is a special kind of accounting that requires precision and understanding of the nuances of publishing and labeling agreements.”
Danielle Mignogna, 411 Music Group
Danielle Mignogna, Chief Partnerships Officer Chapter 411 music groupadded: “Moving to a new royalty accounting program is not for the faint of heart, and Curve has made the transition as easy as possible. Royalty accounting is a special kind of accounting that requires precision and understanding of publishing and labeling Nuances of protocol.
“Curve Royalty Services makes work matching and reporting simple, painless, and accurate, and I can confidently say that the service Curve provides is best-in-class.”
Downtown Music has undergone a transformation in recent years, moving from owning copyrights to becoming a service provider to copyright holders. Earlier this month, Downtown vs. symphony operating system Offers AI-driven marketing tools at discounted prices to simplify artists’ marketing efforts. In September 2022, Downtown formed a division to manage its global services for artists and songwriters.
A boom in services-focused mergers and acquisitions in the city center over the past five years has included AVL Digital Groupincluding its portfolio of services for independent artists, such as a distribution platform CD babyin a $200 mega 2019 Transactions.
Subsequent acquisitions were made leakagea B2B technology and services company, will go public in 2020, and Curve will go public in 2023.
global music business
