Run A Label With Great Foundations
Running a great label is about more than just releasing great music. It's about the way you conduct business and love it or hate it: accounting is a big part of running a business.
Royalty statements are an integral part of the label-artist relationship and for the most part, you'll find that transparency counts for a lot more than a payout.
If you account to your artists in full and on time, it shows that you take your label seriously and they should too.
Not An Accountant? No Problem
We know that things can get complicated very quickly when it comes to statements; with Royalty Worx you don't need to be an accountant to keep on top of your accounts.
Royalty Worx is a powerful, cloud-based accounting solution developed by Label Worx specifically for independent record labels to streamline every step of the accounting process.
At the click of a button, Royalty Worx's impeccably accurate data management capabilities allow you to work with all kinds of deal structures - from single artist contracts to complex collaborations with split percentages.
A Universal Solution
You can import statements in any format from any distributor, store or streaming service; our AutoMatch technology will process them and automatically allocate sales to artists and licensors.
It's an industry-leading tool that will revolutionise the way you account for digital downloads, streaming, licensing and physical sales royalties.
Royalty Worx allows you to send, receive and manage your artist and licensor invoices online to save your inbox from unnecessary clutter.
With flexible pricing, options for accounting in your local currency of choice and PayPal integration, Royalty Worx is suitable for any label, anywhere.
Click HERE to find out more and sign up for your free trial
Next Article : Label Management 101: Capturing a Global Audience
Happy Holidays from everyone at Label Worx!
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Berlin Dance Music Event | Exclusive 20% Discount
Become an AIM Associate Member with Label Worx
Label Worx & Mixtank will be taking part in this year's Electronic Sound Summit in Liverpool
We're Hiring: Head of Video & Rights Management Development
What are the foundations of a successful label?
What do great promo campaigns have in common?
We'll see you at AIM Future Independents
This week, we're taking a closer look at the foundations of music distribution as we look at some of the different types of DSP we distribute to, and why you should consider the territories they operate in.
Register your free place on Mixtank's Spotify webinar.
We are excited to announce our first new DSP Integration of 2021: SberZvuk SberZvuk is a streaming service that offers thousands of curated playlists, top charts and personalised recommendations - all in the single application. The streaming service, formerly known as Zvuk, was acquired but Russia's largest bank Sberbank then renamed to SberZvuk. The streaming service will become part of the company's new product family, alongside SberBox, a TV streaming device, and SberPortal, a smart speaker with a screen that offers voice and gesture recognition. People listen to SberZvuk in Russia, Azerbaijan, Armenia, Georgia, Kazakhstan, Kyrgyzstan, Moldova, the Republic of Belarus, Tajikistan, Turkmenistan, Uzbekistan and Ukraine.
In the first of our Promotion & Marketing series, we've put together a Release Day Checklist.
Join in our discussion as part of The Firestarters 'Virtual Festival of Conversation'
Starting a record label is easy - making it a success is the difficult part. All successful labels are built on the same solid foundations and in our new Label Management 101 series, we'll explain what they are and how you can apply them to your own label.
10% Off Custom Spotify Canvas Videos with Rotor
Well, it's fair to say that 2020 has been a mixed year and one that has changed not only our industry but the entire world as we move into 2021. Despite the challenges facing us, we will look back on 2020 as a year to be proud of with some big developments for Label Worx both internally and externally. We've grown as a company and continue to offer world-class label services, and we have collaborated with teams across the industry to launch some really exciting projects throughout the year.
Genre launch creates a new home for the pioneering sound born out of the Motor City, Rotterdam, and beyond. Beatport, the world's number one destination for electronic music, has just announced that it will add a brand new genre category to the store: Electro [Classic / Detroit / Modern].