Case Study SOVEREIGN MUSIC ROCKS ROYALTIES ADMINISTRATION WITH RECORD MAESTRO BY VISTEX

“Record Maestro makes us look good in the eyes of our clients”

The Challenge

Snatching simplicity from the jaws of complexityThanks to the advent of online streaming and the dispersal

of content delivery channels, managing music industry

rights and royalties has become a lot more complicated

than it used to be. With enormous transaction volumes,

complex calculation formulas, and reporting needs as

diverse as the clients who demand them, service providers

like Sovereign Music need flexible, reliable solutions to

satisfy and retain their clients.

Launched in 2013, Sovereign Music offers royalty

administration services to its record label clients as a

more efficient, less costly alternative to staffing in-house

royalty departments. Sovereign’s management team – all

music industry veterans – knew immediately what royalty

software they would need to ensure their success, and also

the success of their clients.

“As our company grows, we’re working to establish a

“Sovereign” method of royalties accounting in order to

onboard new clients as quickly and efficiently as possible,”

said Sovereign Music Executive, Dave Bagley.

Company Snapshot Company:Sovereign Musicwww.recordroyalties.com

Location:Los Angeles, CA

Snapshot:Service provider for record labels the world over

Solution in Use:Record Maestro

“We’ve seen Record Maestro perform like clockwork for dozens of clients, even though each one has come to us with very specific needs”

The Solution

Comprehensive functionality for more agile customer responsiveness“Nothing else out there works as well as Record Maestro,” Bagley continued. “It’s a key component of the

“Sovereign” method, because it gives us straightforward, accurate, transparent royalties administration tools.”

Part of the Counterpoint Suite from Vistex, Record Maestro is widely recognized as the industry standard for

rights and royalty management. Record Maestro is the perfect tool for the Sovereign Method which adheres

to a carefully developed protocol of information management.

“If you’re an accounting firm, the first step toward sorting out a new client’s situation is to put their data into a

spreadsheet,” said Bagley. “And for record labels, the first step to organizing data in disarray is to put it into

a Counterpoint format, which is really the best solution on the market.”

Record Maestro is a complete royalties administration solution for labels and distributors, providing

comprehensive functionality that supports all aspects of the administration process. It provides a single

repository for storing, viewing and managing everything related to your artists and contracts. It allows users

to choose the configuration of formats, territories, income types, distribution channels, statements, calculation

types and file paths – and to create additional data fields to capture any other metadata you require. It also

permits easy access to archived statements and copyright run data, allowing users to respond quickly to

information requests.

www.vistex.comcounterpoint@vistex.com

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www.vistex.comcounterpoint@vistex.com

The Result Best-in-class technology for better business decisionsRecord Maestro’s flexibility enables Sovereign Music to seamlessly onboard new clients, even if the process

involves importing data from multiple sources (which it usually does). Record Maestro’s Import/Export tool

allows Sovereign Music to analyze, format, process and view data to satisfy the needs of its clients.

“For newly formed record labels, Record Maestro has become a valuable teaching tool, making it easy for

us to demonstrate to the client how everything is connected,” said Bagley. “You could never do that with

spreadsheets.”

Flexible, accurate, transparent, and backed by reliable Vistex support, Record Maestro has made a major

contribution to Sovereign Music’s success. “We’ve seen Record Maestro perform like clockwork for dozens

of clients, even though each one has come to us with very specific needs,” said Dave Bagley. “It allows us

to manipulate and harness client data on demand. That allows them to more effectively analyze their sales

figures and royalties, and make better business decisions.”

“Nothing else out there works as well as Record Maestro”