Leading Digital Media Management Service Taps Royalty Processing and Music Industry Veterans to Direct European Expansion Royalty Processing Platform Now Supports Multiple Currencies
SAN DIEGO, Nov. 10 /PRNewswire/ -- RoyaltyShare, a premier provider of
digital royalty solutions to the entertainment industry, today announced key
executive appointments with the addition of Steve Johnston, Asa Palmer and
Andrew Hudson to spearhead the company's expansion in Europe. Additionally,
RoyaltyShare announced that it will now support multiple currency transactions
enabling customers in any region of the world to leverage their innovative
royalty processing solution.
A veteran of the music industry, Steve Johnston will play an integral role
in RoyaltyShare's European growth, working as director of business development
to expand the company's base of record label customers. Prior to joining the
RoyaltyShare team, Johnston served as key account manager with the MCPS-PRS
Alliance where he negotiated pan-European licenses for EMI, PRS and the GEMA
publishing repertoire with leading European digital services. Prior to that,
he served as head of licensing with FRUKT, a leading UK music communications
agency, developing the company's Nokia account.
Asa Palmer has been promoted to oversee RoyaltyShare's expansion in the
United Kingdom as director of UK operations. Prior to its acquisition by
RoyaltyShare, Asa served as director of marketing for Musicalc, and will
continue to serve as general manager of the Musicalc product line. Chris
Palmer, architect of Musicalc software, will remain with the RoyaltyShare team
as director of product management for Europe.
Andrew Hudson will coordinate support for all European clients as director
of client services. Hudson most recently served as senior product specialist
for Counterpoint Systems, a prominent supplier of royalty administration
software. Prior to specializing in royalty and rights management within the
entertainment industry, Andrew gained a wealth of experience in the
development and support of relational database systems as an analyst
programmer for AXIA Management Services.
"Each of these executives brings unique skills and valuable knowledge that
will be essential as we expand RoyaltyShare's European presence," said Bob
Kohn, Chairman and CEO of RoyaltyShare. "They have worked closely with record
labels around the world and are quite familiar with the inner workings of the
music industry. With our new executives and recently announced support for
multiple currencies, we look forward to significantly expanding our European
operations."
Multiple Currency Support
As part of today's news, RoyaltyShare also announced that its Digital
Sales Management, Content Management and Royalty Processing services will now
support multiple currencies. Customers in any region can now leverage the
RoyaltyShare platform to handle all aspects of collecting, managing and
consolidating the incoming sales data as well as generating detailed royalty
statements to artists and music publishers.
"By adding support for multiple currencies, RoyaltyShare is opening the
door to record labels and music distributors worldwide," said Steve Grady,
president and COO of RoyaltyShare. "Our end-to-end solution for automating
the digital sales process is already used by more than 150 labels and
distributors. These enhancements allow us to provide critical tools to even
more clients, regardless of their base currency."
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.
SOURCE RoyaltyShare
