Media & Entertainment
Media and entertainment companies face a growing number of rights and royalty management issues such as licensing and royalty tracking and residuals payment processing. The proliferation and complexity of contract variables can make even a single deal difficult to track and calculate. Effective revenue recognition management is more necessary than ever in a challenging economy, but is made difficult by the explosion in the number of licenses, fees and services. Financial management overall can be excessively time consuming and labor intensive.
Publishers need to adapt to a radically changing marketplace. Growing digital platforms, multiple usage channels, and complex royalty processing present challenges daily. Content aggregation is growing both online and in print. Author, syndication and licensing contracts are increasingly complex. Variables such as guarantees, territories, royalty rates and hierarchies can make even a single agreement difficult to track and calculate.
High Tech companies find it increasingly challenging to track intellectual property licenses, usage rights and royalty payments.