Nettwerk Music Group Selects RoyaltyShare for Royalty Processing Services

Nettwerk Music Group Selects RoyaltyShare for Royalty Processing Services

Progressive Canadian Record Label Leverages RoyaltyShare's Web-based Services for Processing Artist and Mechanical Royalties

SAN DIEGO and VANCOUVER, British Columbia, Sept. 9 /PRNewswire/ -- RoyaltyShare, Inc., a premier provider of technology solutions to the entertainment industry, today announced that Nettwerk Music Group, Canada's leading privately owned record label and artist management company, has selected RoyaltyShare to manage its digital sales processing and mechanical and artist royalties.

With the rapid growth of digital music sales through online retailers, subscription services and mobile channels, record labels and music distributors are faced with an enormous challenge to keep track of the incoming sales data originating from these disparate retail sources and calculate accurate royalty payments to the artists and music publishers who hold the copyrights for each track.

RoyaltyShare's advanced, Web-based service radically simplifies the entire royalty processing by automating the input of sales files from dozens of retailers and distributors and providing an easy-to-use system for managing the complex business rules contained in artist/producer contracts and mechanical licenses.

"Our business has changed radically in the past five years, requiring a completely new way of doing business," said Terry McBride, CEO of Nettwerk Music Group. "We process significantly more transactions today than just a few years ago, which means we must have systems that effectively manage this complexity. RoyaltyShare's system accomplishes this for us and allows us to provide timely, transparent reporting to our artists and publishers."

"Nettwerk stands out as a company that has aggressively and successfully adapted to the new digital marketplace," said Bob Kohn, chairman and CEO of RoyaltyShare. "We are pleased to be working with a label that continues to be one of the most innovative in the business."

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. RoyaltyShare's service offerings include metadata management, managing sales and distribution information, calculating royalties and generating royalty reports. RoyaltyShare's web-based solution supports the management of content sold through digital, physical, subscription, mobile and other channels. RoyaltyShare is based in San Diego with offices in New York and London. More information on the company can be found at http://www.royaltyshare.com/.

About Nettwerk Music Group

Founded in August of 1984, Nettwerk Music Group is the umbrella company for Nettwerk Management and Nettwerk Records, as well as Nettwerk One, Nutone, and Artwerk. With over 120 employees, the Vancouver-based company has offices in New York, Los Angeles, London, Boston, Nashville and Hamburg. The principles of Nettwerk are founders Terry McBride, Mark Jowett, Dan Fraser and Ric Arboit. Nettwerk Management handles the careers of such esteemed artists as Sarah McLachlan, Jars of Clay, Stereophonics, Hope Sandoval, Guster, Brand New, Chromeo, State Radio, Martha Wainwright and Sixpence None The Richer. Nettwerk's Producer Management arm also handles the careers of sought after producers like Don Was, Howard Benson, Bob Clearmountain, Chris Lord-Alge and Tom Lord-Alge. As a record company Nettwerk has released over 200 full-length albums and sold over 100 million albums in its 25-year history. Artists on the roster include: Old Crow Medicine Show, The Weepies, Ladytron, BT, Delerium, fun., Great Lake Swimmers, The Submarines, and Datarock. For more information please visit: http://www.nettwerk.com/.

First Call Analyst:
FCMN Contact:

Source: RoyaltyShare, Inc.

CONTACT: Steve Grady, President, COO of Royalty Share, +1-858-784-5411,
steve@royaltyshare.com; or Jay Mejia of Nadel Phelan, +1-831-440-2401,
jay.mejia@nadelphelan.com, for RoyaltyShare, Inc.

Web Site: http://www.royaltyshare.com/
http://www.nettwerk.com/

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Profile: International Entertainment