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 companies, and funds.
Curve Royalty Companies expands the prevailing choices for Curve’s international clientele. Shoppers can use the corporate’s experience for correct reporting to artists and songwriters, Downtown mentioned in an announcement issued on Thursday (June 27).
The Curve platform, utilized by over 1,500 shoppers together with Domino, Epitaph, Mad Respectable, Armada, Cloud9, Demon Music and Huge Machine, has been offering clear reporting and funds since its launch in 2017. Curve processed a mean of 1.7 billion royalty strains per thirty days in 2024, and over 10 billion royalty strains within the first three months of the yr.
“It is a logical subsequent step for Curve, using our crew’s information of royalties, catalog administration, and the Curve platform itself to assist our shoppers.”
Richard Leach, Curve Royalty Programs
The service is designed to be versatile, permitting shoppers to decide on the extent of outsourcing that they want. The platform will help shoppers who both require help with onboarding onto the Curve platform, particular royalty processes, or full royalty accounting duties. The service has already begun its preliminary rollout.
“We’re proud to announce this enlargement to Curve’s providing, offering our shoppers with top-tier royalty companies. It is a logical subsequent step for Curve, using our crew’s information of royalties, catalog administration, and the Curve platform itself to assist our shoppers,” mentioned Richard Leach, Managing Director at Curve Royalty Programs.
“It has at all times been our purpose to make royalties higher and simpler: now our royalty companies crew can tackle these components of the method shoppers want 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 isn’t for the faint of coronary heart and Curve has made the transition as straightforward 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 straightforward, painless, and correct and I can confidently say that the companies provided by Curve are top-tier.”
Downtown Music has undergone a change in recent times, 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 international companies 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 companies 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 companies firm, in 2020, and Curve in 2023.
Music Enterprise Worldwide
