Project Idea - Music - Royalty Reconciliation for Indie Labels

Music

Royalty Reconciliation for Indie Labels

A SaaS that imports royalty statements from distributors and streaming platforms, matches earnings to tracks and collaborators, flags missing or inconsistent payments, and calculates artist and producer splits. Charge small labels and independent managers a monthly fee based on catalog size.

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Benefits for users

  • Fewer missed royalties: Identify missing, delayed, or inconsistent payments across distributors and streaming platforms.
  • Less manual work: Import and reconcile statements automatically instead of tracking earnings in spreadsheets.
  • More accurate payouts: Match revenue to tracks and collaborators, then calculate artist and producer splits consistently.
  • Clearer financial visibility: See earnings and payment discrepancies across a catalog in one place.
  • More confidence with collaborators: Share reliable royalty records that make payout discussions more transparent.

Ways to monetize

  • Tiered subscriptions: Charge monthly based on catalog size, number of connected distributors, or statement volume. Offer plans for solo managers, small labels, and larger catalogs.

  • Usage-based overages: Include a set number of imported statements or processed tracks per month, then charge for additional volume.

  • Premium reconciliation features: Offer higher-priced add-ons such as advanced discrepancy detection, historical catalog audits, custom split rules, and detailed financial reporting.

  • Paid onboarding and migration: Charge a one-time fee to import back-catalog data, configure royalty splits, and connect distributor accounts.

  • Team and client access: Charge extra for additional users, artist-facing portals, or white-label reports that managers can share with clients.

Features

  • Statement Import & Parsing — Import CSV, Excel, and PDF royalty statements from distributors and streaming platforms, with automatic column mapping.
  • Track & Collaborator Matching — Match statement line items to tracks, ISRCs, artists, producers, and other collaborators, with a review queue for uncertain matches.
  • Royalty Reconciliation — Compare reported earnings across platforms and reporting periods; flag missing statements, unexpected drops, and inconsistent payments.
  • Split & Agreement Management — Store royalty splits, contract terms, recoupment rules, and effective dates for each track or release.
  • Automated Payout Calculations — Calculate each collaborator’s share, track balances owed, and generate payout-ready reports.
  • Catalog & Earnings Dashboard — View revenue by track, release, platform, territory, and period, with trends and exportable reports.
  • Subscription Tiers by Catalog Size — Offer monthly plans based on the number of tracks or catalog size, with usage alerts and upgrade options.

Pricing plans

  • Starter — $29/month

    • Up to 500 tracks and 3 collaborators per track
    • Import distributor and streaming-platform royalty statements
    • Match earnings to tracks and flag missing or inconsistent payments
    • Calculate artist and producer splits
    • 1 user; export reconciliation reports
  • Growth — $99/month

    • Up to 5,000 tracks and 10 collaborators per track
    • Everything in Starter
    • Up to 5 users with shared catalog access
    • Automated recurring imports and payment-period comparisons
    • Split templates, searchable audit history, and CSV exports
  • Professional — $249/month

    • Up to 25,000 tracks and unlimited collaborators
    • Everything in Growth
    • Up to 15 users with role-based permissions
    • Advanced discrepancy alerts and multi-label reporting
    • Priority support; custom pricing for larger catalogs

Domain names

  • Royvo.com

  • Splitza.com

  • Tunelyx.com

  • Roylix.com

  • Trackza.com

  • Splityx.com

  • Paylode.com

  • Royzen.com

  • Live domain availability isn’t verified; check with a registrar before choosing.

Targets

  • Independent record labels managing multiple artists and royalty splits
  • Artist managers overseeing income across distributors and streaming platforms
  • Music publishers tracking songwriter and producer royalties
  • Independent artists with extensive catalogs and multiple collaborators
  • Producer managers reconciling producer points and backend royalties
  • Music distribution companies supporting labels with royalty reporting
  • Accounting firms specializing in music-industry clients

Competitors

  • Curve Royalty Systems — Royalty accounting and reporting software for record labels, publishers, and distributors. curve-royalty.com
  • Royalty Worx — Royalty accounting and royalty-statement management for music businesses. royaltyworx.com
  • Label Engine — Label and distributor platform with royalty accounting, release management, and artist payments. label-engine.com
  • Revelator — Music business platform offering distribution, catalog management, royalty accounting, and payment tools. revelator.com
  • SonoSuite — White-label music distribution software with royalty and accounting features for distributors and labels. sonosuite.com
  • FUGA — Distribution and rights-management platform for labels and music companies, including financial and royalty workflows. fuga.com
  • Synchtank — Rights, catalog, and royalty-management software for music companies. synchtank.com
  • Rightsline — Rights and royalties management platform used by media and entertainment businesses; broader than indie-music royalty reconciliation. rightsline.com
  • Reprtoir — Music catalog and business-management software with royalty accounting and reporting tools. reprtoir.com
  • LabelWorx — Dance-music distribution and label services that include royalty accounting and reporting. labelworx.com
  • Stem — Distribution and collaboration platform with split management and payments; more focused on release distribution and payouts than cross-platform statement auditing. stem.is
  • Symphonic — Independent music distribution and label services with royalty reporting and accounting tools. symphonic.com
Would you like to give it a try?
How about creating your own project ideas and experiencing the benefits of our AI-assisted tools for defining and refining your project ideas?