RoyaltyShare, a premier provider of digital royalty and content delivery solutions to the entertainment industry, today introduced a low cost service aimed at helping independent record labels deal with current industry uncertainties and the accelerating transition to digital distribution. The new service, Digital Asset Storage and Management, provides labels a simple, cost effective way to organize, store and manage their critical digital assets, including metadata, digital music files and images. The announcement was made at MIDEM, a leading music industry business conference being held this week in Cannes, France.
This new offering leverages RoyaltyShare’s advanced, Software-as-a-Service (SaaS) platform, which is used by over 250 labels and distributors to manage the complexities of digital distribution. The service is unique in that it gives labels on-demand access to core assets, twenty-four hours a day, from anywhere in the world.
“The continued downward trend in physical sales combined with the worldwide economic slowdown is forcing record labels to re-think the way they operate,” said Bob Kohn, Chairman and CEO of RoyaltyShare. “To remain truly independent, record labels must NOT rely on distribution partners to manage their core assets — they must take control of their own destiny by securing, storing and managing the vital data required to run the business. With this in mind, we introduced Digital Asset Storage and Management to give labels a quick, inexpensive option to get this done today.”