Ingrooves Music Group, a leading global independent music marketing services and distribution company, has announced a suite of royalty accounting solutions to fit every label, no matter their size and complexity. Whether a label needs a solution to do the basics like split payments, a more complex do-it-yourself royalty accounting solution, or a full-service custom solution that handles everything from top to bottom, these innovations fill a wide variety of needs for the company’s diverse roster of label and artist clients.
Register Splits, which offers small labels a simple way to automatically split income, and Register Pro, a flexible royalty accounting service for larger labels with more complex artist deals, are each powerful product extensions of Ingrooves’ popular Register financial portal. The third solution, Register Full-Service, enables labels to utilize the company’s team of royalty accounting professionals to custom tailor a solution to each label’s own unique requirements.
Ingrooves supports payments to over 100 countries in a variety of currencies and payment options. Expert royalty support, including U.S. tax support to labels and their payees (i.e., 1099 and 1042 reporting) is accessible at every level of service.
The innovations are the latest in a series of proprietary solutions developed to empower labels and artists to build their businesses through innovative insights and tools.
“Our labels have been asking for accounting tools to help them with a wide variety of their needs and together this suite of services is the kind of flexible solution that can help literally any one of our clients, no matter what size or level of complexity of their business,” said Bob Roback, CEO of Ingrooves Music Group. “Whether you’re a small single artist label or a more complex operation that deals in multiple markets around the world, these solutions are a powerful, seamless solution that can be leveraged within the Ingrooves ecosystem to make more efficient, timely and accurate payments to royalty earners.”
This is just one of many innovations Ingrooves has introduced to its clients in the past 12 months. Just last year, Ingrooves became the first music distribution company to be awarded a U.S. utility patent for its invention of proprietary marketing methods leveraging AI and machine learning (ML) to detect significant shifts in audience engagement and create marketing campaigns that connect artists with their high growth potential audiences.