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Business News Digital Labels & Publishers
Curve Royalty Systems launches new music accounting software
By Andy Malt | Published on Monday 15 April 2019
Former executives of Cooking Vinyl, Essential and ADA have launched a new music accounting system, Curve Royalty Systems. The software aims to better process the massive amounts of data generated by streaming services, as well as providing greater transparency for artists and songwriters.
General Manager of the company Richard Leach, who until recently was ADA’s Digital Sales & Strategy Director, says: “Over the fifteen years I have worked in global distribution of independent labels and artists I have seen time and again how the task of royalty processing can hamstring businesses, damage client relations and burn out staff members. The Curve platform is a best-in-class tool that I believe sets a new bar for clear reporting to labels and artists and alleviate the pressures of timely statements and payments”.
Other execs at the company are Technology Director Tom Allen, formerly of Essential, and Financial Director Ray Bush, founder of The Music Royalty Co, who also holds the same role at Cooking Vinyl and Fat Cat.
Curve’s software has been tested since last year by Hospital Records and its publishing arm, Songs In The Key Of Knife. “We were immediately impressed with the usability and transparency of the platform”, says the label’s Craig Dawson. “The switch and onboarding process was seamless thanks to Tom and the team’s prompt help. The speed of reports and sales uploads have improved the efficiency of our royalty department”.
Artists and songwriters signed to labels and publishers using Curve will be given their own logins so that they can check their royalty statements at any time. Other clients at launch include Sky TV, Cooking Vinyl and The Music Royalty Co.
