Talent Clearing House Relieves Administrative Burden For Ringtone Providers
Talent Clearing House announced that it has customized its royalty administration services for companies distributing or directly selling ringtones to the mobile phone market. Ringtone sales generate mechanical royalties that must be paid to the entity or person owning the rights to songs, and in some cases to the performers of the song from which the ringtone has been taken. These royalties, combined with the administration of tracking, reporting and initiating payments, can limit the profit margin on ringtones, which are gaining increasing popularity in the wireless consumer market.
By creating a service specifically for this market, Talent Clearing House enables companies to strike quickly at this opportunity by handling all of the required back-office calculation, reporting and payment initiation. "We have the automation, infrastructure and experience to provide an end-to-end solution to meet the obligations of companies providing ringtones. This means such companies can concentrate on the technology and marketing of their ringtones, which is where their strengths are, and their efforts and resources should remain focused," said Paul Barretta, Founder and President of Talent Clearing House.
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» Talent Clearing House Relieves Administrative Burden For Ringtone Providers
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