TrackShift for Record Labels (alpha)

用于记录标签的 TrackShift (alpha)

• 批准号: 10062765
• 金额: $ 3.78万
• 依托单位: SUPER HYPER INSTANT FUTURE TIME LTD
• 依托单位国家: 英国
• 项目类别: Collaborative R&D
• 财政年份: 2023
• 资助国家: 英国
• 起止时间: 2023 至 无数据
• 项目状态: 已结题
• 来源: https://gtr.ukri.org/projects?ref=10062765
• 关键词: TrackShift; Record; Labels; alpha

Our project addresses the challenges that independent record labels face in processing incoming revenue so that it can be distributed to artists, managing cashflow and optimising income by providing an analytics dashboard.Whereas companies and sole traders have the likes of Freeagent, Xero and Quickbooks to manage their income, there is currently no product that is capable of processing the complex revenue data that record labels receive when fans buy and stream the music that they release. This data comes in the form of a spreadsheet, tens of thousands of rows in length, detailing earnings from streaming and purchases on digital platforms, physical sales of CDs and vinyl, merchandise and fan donations. Typically, a label has three or more revenue streams - multiplying the complexity.The record label and artist will have a contractual agreement detailing the equity split of profits made from the exploitation of the artist's work by the record label. For example, a 50/50 split of profits after the record label has recouped the costs of production, distribution and marketing. Therefore, for every artist on a record label's roster, there will be a unique revenue split and balance of expenses. Again, the complexity is multiplied.This is currently managed by copy and pasting the outgoing/incoming revenue data into different spreadsheets, which (from our research) can take the label three days per month, which equates to one month per year. Our software will remove this time burden, giving labels more time to produce, distribute and market great music to their audience. It will also ensure that artists are paid quickly, accurately and transparently.The record label will save a month of time. The artists will be able to see their account balance with the label. Both parties will be able to see important analytics to help them understand where their earnings are coming from e.g. the countries and cities where they have the most fans.From our personal experience in the music industry, this level of reporting currently only comes from major record labels using enterprise level finance software which is unaffordable for independent record companies and, arguably, hard to use both for the labels and end users.Our innovative software will process the data nearly instantaneously, combining all the revenue sources into one clear and simple dashboard that empowers the label and artist to thrive in the complex age of streaming and big data.

我们的项目解决了独立唱片公司在处理收入时所面临的挑战，以便将其分配给艺术家，管理现金流并通过提供分析仪表板优化收入。而公司和独家交易商则使用Freeagent，Xero和Quickbooks等来管理他们的收入，当前没有产品能够处理唱片公司在粉丝购买并流式传输他们发行的音乐时接收的复杂收入数据。这些数据以电子表格的形式出现，长度为数万行，详细说明了数字平台上的流媒体和购买，CD和黑胶唱片的实体销售，商品和粉丝捐赠的收入。唱片公司和艺术家将签订一份合同，详细说明唱片公司利用艺术家的作品所获得的利润的股权分配。例如，在唱片公司收回生产、分销和营销成本后，利润分成50/50。因此，对于唱片公司名单上的每一位艺术家来说，都会有一个独特的收入分配和支出平衡。同样，复杂性成倍增加。目前，这是通过将传出/传入收入数据复制并粘贴到不同的电子表格中来管理的，（根据我们的研究）每个月可以标记三天，相当于每年一个月。我们的软件将消除这种时间负担，让唱片公司有更多的时间来制作，分发和营销伟大的音乐给他们的观众。这也将确保艺术家们能够快速、准确、透明地获得报酬，唱片公司将节省一个月的时间。艺术家将能够看到他们的帐户余额与标签。双方都可以看到重要的分析，以帮助他们了解他们的收入来自哪里，例如他们拥有最多粉丝的国家和城市。从我们在音乐行业的个人经验来看，这种级别的报告目前只来自使用企业级财务软件的主要唱片公司，这是独立唱片公司无法负担的，可以说，我们的创新软件将几乎瞬间处理数据，将所有收入来源整合到一个清晰简单的仪表板中，使唱片公司和艺术家能够在流媒体和大数据的复杂时代蓬勃发展。