Royalty accounting software company Infinite Catalog has launched a new remote, flat-fee royalties department called IC Full Service.
IC Full Service is targeted towards small and mid-size catalogs.
Founded in 2019, US-based Infinite Catalog is an independent royalty accounting software and service company that claims to make “tracking and sharing profits easier and more transparent for catalogs and creators”.
The company’s software is used by record labels, publishers, managers, and creator businesses.
The launch of the new product sees Infinite Catalog expand on its royalty software, which is used by Kill Rock Stars, Omnian Music Group, Polyvinyl, and 185+ other catalogs.
Infinite Catalog claims that its Full Service product “gives record labels, publishers, and other creator businesses the benefits of a dedicated royalty accounting department on staff for a fraction of the cost”.
According to the company, IC Full Service combines “a user-friendly royalty software with expert-led remote work” to allow users to “get their royalties brought up to date and catalog onboarded by IC experts”.
Infinite Catalog adds that the service updates catalogs every month with “the latest sales, expenses, releases, and splits, putting current balances, dashboards, and reports at everyone’s fingertips”.
IC Full Service also allows users to get royalty statements created, reviewed, and published to payees “at any time”.
“For years people have told us they love our software, but many would love it even more if we could handle the work of royalty accounting for them. IC Full Service answers the call.”
Hunter Giles , Infinite Catalog
Commenting on the launch, Infinite Catalog co-founder Hunter Giles, said: “For years people have told us they love our software, but many would love it even more if we could handle the work of royalty accounting for them. IC Full Service answers the call.
“Delegating royalties saves catalogs time and stress, improves catalog/payee relations, and lets everyone stay focused on growing their catalog and helping their releases get heard.
“In a world with 120,000 tracks uploaded every day, catalogs and creators who want to make an impact need each other now more than ever. With IC Full Service we continue our mission of helping them work better together.”Music Business Worldwide