Your English writing platform
Discover LudwigSuggestions(2)
Exact(36)
Two months ago, Kobalt — a startup whose technology tracks and collects music royalties from streaming music providers — acquired and revamped and royalty collection agency AMRA to ramp up its music licensing collection activities.
Spotify's exponential growth rate suggests that the chaos in royalty collection is only just beginning.
We have also pointed out that royalty collection relied too heavily on company-reported oil and gas production figures.
Not surprisingly, companies that specialize in digital royalty collection constitute one of the hottest growth sectors in the music business.
Page is the chief economist at the MCPS-PRS Alliance, a not-for-profit royalty collection agency.
"[They] have expressed that they believe the processes over royalty collection are robust and accurate," she said.
Similar(20)
In the four years before 1999, he said, those royalty collections grew 24percentt.
"AMRA allows us to offer service unlike anything ever seen before in royalty collections.
Last week, we published numbers showing that in Europe, Spotify has actually passed iTunes in terms of royalty collections.
To attract more musicians to its platform — and as a testament of its more efficient system — Kobalt's commission on those royalty collections is between 6% and 15%, a big drop on the 50% commissions that incumbent publishers typically take.
Kobalt was created out of the observation that a lot of royalty collections on streaming platforms were being done in an inefficient way — money was being left on the table, and what was being tracked was too expensive and inaccurate, and took too long to process.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com