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Talent Clearing House Relieves Administrative Burden For Ringtone Providers
Website: http://www.talentclearinghouse.com/ Talent Clearing House announced today 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. Ringtones have provided a market for companies focused on the mobile wireless industry, as well as an additional distribution channel for record labels and other Media & Entertainment companies. With the growing popularity of this product category in the consumer market, opportunity is available to a broad range of providers. 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. It is a natural step for Talent Clearing House to develop its services for ringtone providers, as it currently handles mechanical and artist royalties of greater complexity for record labels. The infrastructure and systems are in place, and were easily customized to meet the needs of ringtone providers, be they record labels or companies operating in the wireless market. About Talent Clearing House, Inc. Talent Clearing House is a third party service provider powered by a proprietary system so customers benefit from automation and economies of scale without having to purchase software or train staff members. From calculation to payment initiation, the administrative burden of royalty obligations in the Media & Entertainment Industry can be met accurately and inexpensively by companies of any size. For more information, please visit www.talentclearinghouse.com or e-mail info@talentclearinghouse.com.
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