UNIVERSAL MUSIC PUBLISHING GROUP BECOMES FIRST MAJOR PUBLISHING COMPANY TO UNVEIL STATE-OF-THE-ART ON-LINE ROYALTY SYSTEM
Universal Music Publishing Group Becomes First Major Music Publishing Company To Unveil State-of-the-Art On-Line Royalty Administration System Via “RoyaltyWindow.com” Rollout
Los Angeles, CA, January 27, 2008 – Universal Music Publishing Group (UMPG) today announced plans to rollout a ground-breaking on-line tool for its customer royalty administration system, dubbed RoyaltyWindow.com . The announcement makes Universal Music Publishing Group the first major, global music publisher to unveil a proprietary online portal for royalty statement transmittal, analysis and tracking, which is capable of efficiently managing a large volume of global copyrights.
Upon making the announcement David Renzer, Chairman & CEO, Universal Music Publishing Group, commented, “As the world’s leading publisher, UMPG is pleased to be the ‘first mover’ in providing our clients access to their royalty and copyright information in a secure online web environment. The flexibility and transparency that the RoyaltyWindow.com system allows will be unprecedented for our industry, and set a new standard of service to our important clients.”
Through the RoyaltyWindow.com system, UMPG clients can track royalties, statements, and payments through a dedicated secure online web portal. UMPG has developed the automated, proficient administration services portal using the latest technology, supported by secure systems. UMPG songwriters/clients can find and manage information by time period, song, and territory. In addition, they may view and sort royalty information; download and save statements to their computer; update contact details; retrieve song information; find answers to frequently asked questions; and easily access helpful industry links.
Michael Sammis, Executive Vice President of Operations/Chief Financial Officer World-wide, Universal Music Publishing Group commented, “This initiative is, for us, all about customer service. Royalty Window will not only be a tool to assist in maximizing our global collections, it will provide our customers and their representatives with vastly increased transparency into the data.”
UMPG clients will benefit from the following features of Royalty Window:
· UMPG songwriter clients can download and save statements to their computer in spreadsheet compatible and money management compatible formats, allowing them to easily review and sort data;
· Clients can sort by income type, source of income, and further analyze by viewing line-by-line items within each group;
· Easy to read charts and graphs to illustrate and track income history;
· Convenient self-delivery and pick-up of royalty statements;
· Client select feature for business managers or attorneys that have a number of deals with UMPG;
· Powerful search functionality by writer, song title, and key word;
· Update contact details;
· As UMPG strives to reduce their carbon footprint, clients can now elect to receive paperless statements, to ease statement transmittal in an environmentally favourable manner;
· Efficient, easy-to-use interface supported by the robust security systems;
Mike Donegan, Senior Vice President, Global IT, UMPG commented, “Royalty Window is a classic demonstration of UMPG’s commitment to applying technology where it matters, which is in providing the best possible facilities to our writers and contract partners, and the delivery of the systems that effectively and robustly underpin what we believe to be the most reliable, efficient, trustworthy and transparent administration in the business.”
UMPG’s global pilot of Royalty Window has been underway for some time with clients in territories as diverse as U.S., UK, Germany, Scandinavia, Brazil, and Australia. Results have been extremely encouraging and the launch to UMPG’s client base is expected for later in 2008.
About Universal Music Publishing Group
Universal Music Publishing Group (UMPG) is the industry's leading global music publishing operation and is part of Universal Music Group. UMPG represents music in every genre from many of the world’s top songwriters and catalogs including U2, Elton John, Bernie Taupin, 50 Cent, Mariah Carey, R. Kelly, Coldplay, Nelly, Juan Gabriel, Ciara, Dave Grohl, Prince, Justin Timberlake, Maroon 5, Britney Spears, Mary J. Blige, Beastie Boys, The Clash, The Sex Pistols, Gloria and Emilio Estefan, Paul Simon, Henry Mancini, Christina Aguilera and Linkin Park, among many others. UMPG is also a global leader in the areas of Production Music, Christian and Classical Music. For more information, visit: www.umusicpub.com.