Labels, publishers and distributors will now be capable of outsource some or all of their royalty processing duties as Downtown Music‘s newly established Royalties & Monetary Companies division introduced the launch of Curve Royalty Companies on Thursday (June 27).
The transfer follows Downtown’s acquisition of royalty processing platform Curve Royalty Programs in January 2023 and the launch of Downtown’s division, Downtown Royalties & Monetary Companies, final month. Downtown Royalties is led by Tom Allen, founding father of Curve.
The division focuses on three core areas: royalty processing powered by Curve, royalty accounting providers, and funds.
Curve Royalty Companies expands the prevailing choices for Curve’s world clientele. Purchasers can use the corporate’s experience for correct reporting to artists and songwriters, Downtown stated in an announcement issued on Thursday (June 27).
The Curve platform, utilized by over 1,500 purchasers together with Domino, Epitaph, Mad First rate, Armada, Cloud9, Demon Music and Large Machine, has been offering clear reporting and funds since its launch in 2017. Curve processed a median of 1.7 billion royalty traces per thirty days in 2024, and over 10 billion royalty traces within the first three months of the yr.
“This can be a logical subsequent step for Curve, using our group’s data of royalties, catalog administration, and the Curve platform itself to assist our purchasers.”
Richard Leach, Curve Royalty Programs
The service is designed to be versatile, permitting purchasers to decide on the extent of outsourcing that they want. The platform will help purchasers who both require help with onboarding onto the Curve platform, particular royalty processes, or full royalty accounting obligations. The service has already begun its preliminary rollout.
“We’re proud to announce this enlargement to Curve’s providing, offering our purchasers with top-tier royalty providers. This can be a logical subsequent step for Curve, using our group’s data of royalties, catalog administration, and the Curve platform itself to assist our purchasers,” stated Richard Leach, Managing Director at Curve Royalty Programs.
“It has all the time been our aim to make royalties higher and simpler: now our royalty providers group can tackle these components of the method purchasers wish to outsource, utilizing the highly effective Curve software program for the accounting course of.”
“Royalty accounting is a particular type of accounting that takes precision and understanding of the nuances of publishing and label agreements.”
Danielle Mignogna, 411 Music Group
Danielle Mignogna, Chief Partnerships Officer for 411 Music Group, added: “Transferring to a brand new royalty accounting program just isn’t for the faint of coronary heart and Curve has made the transition as simple as potential. Royalty accounting is a particular type of accounting that takes precision and understanding of the nuances of publishing and label agreements.”
“Curve Royalty Companies has made the matching of works and processing of statements simple, painless, and correct and I can confidently say that the providers supplied by Curve are top-tier.”
Downtown Music has undergone a change lately, transitioning from proudly owning copyrights to turning into a service supplier for copyright holders. Earlier this month, Downtown partnered with SymphonyOS to supply AI-powered advertising and marketing instruments at a reduction to streamline artist advertising and marketing efforts. In September 2022, Downtown established a division to handle its world providers for artists and songwriters.
Downtown’s services-focused M&A spree over the past 5 years included the acquisition of AVL Digital Group, together with its portfolio of providers for impartial artists like distribution platform CD Child, in a USD $200 million deal in 2019.
This was adopted by the acquisitions of FUGA, a B2B tech and providers firm, in 2020, and Curve in 2023.
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