RUBICON CLASSICS CASE STUDY
“THE MUSIC ROYALTY CO. PROVIDED US WITH A COMPLETELY INTEGRATED APPROACH”
ABOUT RUBICON CLASSICS
Rubicon Classics is an independent music label based in the UK. They are focused on the classic music sector providing full-label services for a roster of artists. They are the “go-to label for classical artists who require a daring, adventurous and proactive label partner”, and work with a worldwide network of distributors and suppliers.
THE CHALLENGE OF USING SEPARATE ACCOUNTING AND ROYALTY SOLUTIONS
The label used separate accounting and royalty solutions before joining forces with The Music Royalty Co. Running a music label without integrating those two key functions, on the other hand, proved costly, difficult, and time-consuming. This was especially evident when working with PIAS, a worldwide distributor that struggled to make sense of accounting and royalty data that came from a variety of sources.
WHY RUBICON CLASSICS CHOSE MRC
“We decided to hand our accountancy and royalty needs over to MRC who provided us with a completely integrated approach.”
WHAT WE DELIVERED
“From the outset, we have received a seamless service with royalty payments going out on time and receipt of monthly P&L numbers including everything from sync income to PPL income to neighbouring rights income. These incomes are automatically accounted for within the monthly profit & loss statements but are also separated 100% accurately in terms of making royalty payments to artists, further saving fees and time at the label.”
THE RESULTS
Rubicon Classics successfully integrated all of its royalty and accounting data into one platform by switching to our royalties and accounting solutions. This significantly improved their operations by allowing them to shift their focus from data management to the creative side of the business – that’s music to industry’s ears.
