Claiming accurately for the royalties is not easy especially when there are multiple tracks and all these need to be registered correctly and on time.
As an industry professional, it’s crucial to have a checklist to ensure your organization registers accurately and collects the royalties before it’s too late.
Here’s your checklist:
· Organize and maintain catalog data regularly to ensure accuracy and completeness for each record entry.
· Conduct regular audits of catalog data to identify any discrepancies or missing information promptly.
· Stay vigilant about updates or changes to metadata, such as ownership details or song splits.
· Mark submission deadlines on your calendar to ensure timely claiming of royalties from various sources.
· Maintain regular and clear communication with composers, artists, and other stakeholders to gather necessary information.
· Understand the rights associated with each work in your catalog to claim royalties effectively.
· Educate stakeholders on the importance of providing accurate metadata for smooth claiming processes.
· Implement quality control measures to review and validate royalty claims before submission.
· Invest in robust software equipped with automated tools for seamless royalty calculations.
A complete no-code metadata platform to · maximize revenue · Noctil supports. Music and Audio-Visual Industry worldwide · Effortlessly maintain metadata.
Noctil is a metadata management solutions company with an experience of over a decade in the music and movie industry.
To know more: https://www.noctil.com/
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