RoyaltyShare Introduces Digital Asset Storage & Management Service

RoyaltyShare Introduces Digital Asset Storage & Management Service

New Offering is a Low Cost Way for Labels to Gain Control & Limit Risk

CANNES, France, Jan. 19 /PRNewswire/ -- RoyaltyShare, a premier provider of digital royalty and content delivery solutions to the entertainment industry, today introduced a low cost service aimed at helping independent record labels deal with current industry uncertainties and the accelerating transition to digital distribution. The new service, Digital Asset Storage and Management, provides labels a simple, cost effective way to organize, store and manage their critical digital assets, including metadata, digital music files and images. The announcement was made at MIDEM, a leading music industry business conference being held this week in Cannes, France.

This new offering leverages RoyaltyShare's advanced, Software-as-a-Service (SaaS) platform, which is used by over 250 labels and distributors to manage the complexities of digital distribution. The service is unique in that it gives labels on-demand access to core assets, twenty-four hours a day, from anywhere in the world.

"The continued downward trend in physical sales combined with the worldwide economic slowdown is forcing record labels to re-think the way they operate," said Bob Kohn, Chairman and CEO of RoyaltyShare. "To remain truly independent, record labels must NOT rely on distribution partners to manage their core assets -- they must take control of their own destiny by securing, storing and managing the vital data required to run the business. With this in mind, we introduced Digital Asset Storage and Management to give labels a quick, inexpensive option to get this done today."

RoyaltyShare's Digital Asset Storage and Management service puts record labels in full control of their destiny. Many record labels have traditionally relied on distributors to store and manage their digital assets. However, in today's environment, labels subject themselves to substantial risk and limit their future flexibility if they do not organize their data in such a way that it is secure and, more importantly, easily accessible. RoyaltyShare's new service does both.

RoyaltyShare Digital Asset Storage and Management offer a variety of compelling features:

   -- A sophisticated Web-based environment for the delivery and management      of assets   -- Access to the system for an unlimited number of users   -- Automated uploading and validation of key metadata   -- Secure storage of assets in a state-of-the-art data center   -- One click download of MP3 files for every track in the system   -- Ability to deliver assets electronically on various media types   -- Delivery of assets back to client as required   -- Instant readiness to do deliveries to distributors and/or directly to      digital retailers   -- Ability to upgrade system to include royalty processing (both artist      and mechanical royalties)     Cost and Availability  

RoyaltyShare's Digital Asset Storage and Management service is available immediately. The cost of the service is only ten cents per track, per month, making it extremely affordable for both small and large labels. Costs include storage off all music files in a lossless format, access for an unlimited number of users to RoyaltyShare Web-based management tools, and delivery back to the client of full data assets two times per year (additional deliveries can be made for a nominal fee). Customers interested in the service can go to RoyaltyShare.com or contact a RoyaltyShare representative at 858-784-5410.

About RoyaltyShare

RoyaltyShare is the worldwide leader in Web-based royalty processing and digital content management solutions for the global entertainment industry. Utilizing an innovative Software-as-a-Service (SaaS) application delivery model, RoyaltyShare provides a suite of on-demand services dedicated to simplifying the increasingly complex digital sales process. Its state-of-the-art system and dedicated 24/7 support team enable music labels, distributors and publishers to accurately manage the entire digital sales process anytime, anywhere. RoyaltyShare's service offerings include the ripping and coding of content, metadata management, storage and delivery of digital content, managing sales and distribution information, calculating royalties and generating Web-accessible royalty reports. RoyaltyShare's web-based solution supports the management of content sold through digital, physical, subscription, mobile and other channels. For more information, please visit http://www.royaltyshare.com/.

    RoyaltyShare Media Contact:    Michael Kelly    Nadel Phelan, Inc.    831-440-2403    Michael@Nadelphelan.com  

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Source: RoyaltyShare

CONTACT: media, Michael Kelly of Nadel Phelan, Inc., +1-831-440-2403,
Michael@Nadelphelan.com, for RoyaltyShare

Web site: http://www.royaltyshare.com/

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Profile: International Entertainment