Enhancing artist royalty management through entity resolution in the music industry
Ensuring accurate and efficient royalties management is essential in the music industry to guarantee artists fair compensation for their creative efforts. In the digital age, entity resolution—the act of finding and connecting similar information across many data sources—emerges as a potent tool for streamlining royalties management.
Entity resolution helps publishers, record labels and music rights societies to accurately identify artists, songwriters, producers, and other rights holders associated with each music track. By consolidating fragmented data from various sources such as streaming platforms, radio airplay logs, and other rights organizations, entity resolution enables comprehensive royalty tracking and distribution.
Furthermore, by minimizing mistakes and inconsistencies in metadata, entity resolution improves accountability and transparency in royalty administration. It guarantees that, based on proper attribution and entitlements, artists earn their fair portion of royalty payments.
In addition, entity resolution guarantees that artists receive fair compensation for their work and makes it easier to locate unpaid royalties. The music industry can promote equity, and sustainability by streamlining royalties management procedures through entity resolution. This would enable artists to prosper in the digital music ecosystem.
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