Sponsor content created with Ingenta
Without doubt, streaming and social media have transformed the music industry. For many labels, publishers, and distributors, the back-office infrastructure has struggled to keep pace with the technological changes.
Sync deals, neighbouring rights collections and subscription models now sit alongside traditional mechanical and performance royalties – and all require rigorous tracking to ensure payments are assigned correctly.
While revenues grow and catalogue complexity multiplies, a surprising number of businesses are still using legacy systems, cobbled-together workarounds, and spreadsheets to manage their most valuable assets.
MUSIC RIGHTS RISK
The consequences of relying on spreadsheets and outdated systems can be felt across the business and stakeholders. Then there is the technical risk that at some point, a spreadsheet is likely to get corrupted, incorrectly edited or even lost completely.
Fortunately, a proven and trusted solution is at hand that has already been widely adopted across the industry.
Ingenta provides browser-based, contract and music royalty management software designed for music publishing, record labels and distribution companies.
The core problem with spreadsheets and legacy systems is fragmentation: contracts live in one place, royalty calculations in another. Payment records are in a different system, and no one has a single view of truth.
The Ingenta platform manages the administration complexities of contracts, copyrights, and music royalties in one place.
It simplifies rights and music royalty accounting and contract management, while also providing complete visibility into sales, income and payments. The results include increased operational efficiency and scalability, less manual effort, and more control over licensed content.
When integrated with Ingenta’s Aperture platform, companies can provide dedicated and specific portal access for artists, managers and rights-holders so that they can view their own sales, royalty earnings, and payment information 24/7. An infinitely more secure option than emailing statements.
CONTRACT FLEXIBILITY
Flexibility is key to the platform’s capabilities. It can manage contracts and rights for multiple licence types, including mechanical, print, performance, sync and subscription/streaming.
What’s more, Ingenta’s solutions scale with each business: the platform integrates with existing workflows and tech stacks as the application is fully API-driven, making it completely future-proofed.
The Ingenta platform manages the administration complexities of contracts, copyrights, and music royalties in one place
Ingenta
The contract creation tools ensure there is an interlinking of legal agreements to rights and royalties, ensuring that information is consistent and accessible across the entire company. There are contract templates and ‘wizards’ to help generate each standard industry agreement, which can be managed and tracked via DocuSign.
Ingenta features native integration with Tipalti and Trolley payment platforms – but can easily be configured to work with most third-party payment systems. It will soon be fully integrated with OpenPlay.
INDEPENDENT PARTNER
The rights and royalties software landscape has seen significant consolidation, with a number of competitors now owned by or affiliated with major label groups. Acquisitions within rights management regularly make the headlines across the sector.
Crucially, though, Ingenta remains completely independent, as it has since launching in 1977 – originally in book publishing and later expanding into music rights.
Ingenta is a global operation with headquarters in Oxford, UK and another office in New Jersey, USA.
With industry experience going back nearly 40 years, Ingenta continues to serve as a partner for independent labels, music publishers and distributors who want a technology partner with no conflicts of interest.
To book a demo of Ingenta’s trusted and flexible music royalty management software, click here.
