LOS ANGELES (CelebrityAccess MediaWire) — The William Morris Agency has pacted with digital royalty outfit, RoyaltyShare with the agency investing in the firm.
RoyaltyShare's software is designed to help record labels, artists and distributors manage the digital sales process. Through its web-based software, the company provides a range of services from metadata and content management, content distribution and the generation of royalty statements based on sales data that returns from hundreds of physical, digital and mobile retailers worldwide.
"The global entertainment industry is rapidly moving towards digital and mobile distribution, creating great opportunities and challenges for everyone involved," said Jim Wiatt, Chairman and CEO of the William Morris Agency. "We recognize the importance of supporting innovative companies such as RoyaltyShare as they deliver solutions that address the complex data processing and management challenges brought on by this new era."
The details of the investment were undisclosed. – CelebrityAccess Staff Writers