“THE MUSIC ROYALTY CO. PROVIDED US WITH A COMPLETELY INTEGRATED APPROACH”
ABOUT RUBICON CLASSICS
Rubicon Classics is an independent music label based in the UK. They are focused on the classic music sector providing full-label services for a roster of artists. They are the “go-to label for classical artists who require a daring, adventurous and proactive label partner”, and work with a worldwide network of distributors and suppliers.
THE CHALLENGE OF USING SEPARATE ACCOUNTING AND ROYALTY SOLUTIONS
Before joining forces with The Music Royalty Co., Rubicon Classics used separate accounting and royalty solutions. However, running a music label without integrating those two key functions proved costly, difficult, and time-consuming. This was especially evident when working with PIAS, a worldwide distributor that found it difficult to use both the accounting and royalty data in a meaningful manner when it came from a variety of sources.
WHY RUBICON CLASSICS CHOSE MRC
“We decided to hand our accountancy and royalty needs over to MRC who provided us with a completely integrated approach.”
WHAT WE DELIVERED
“From the outset, we have received a seamless service with royalty payments going out on time and receipt of monthly P&L numbers including everything from sync income to PPL income to neighbouring rights income. These incomes are automatically accounted for within the monthly profit & loss statements but are also separated 100% accurately in terms of making royalty payments to artists, further saving fees and time at the label.”
By making the switch to our royalties and accounting solutions, Rubicon Classics successfully integrated all its royalty and accounting data into one seamless platform. This drastically improved the efficiency of their operations by allowing them to shift their focus from data management to the creative side of the business.