Transforming royalty management operations with a cutting-edge Royalties Calculation Engine.

A Big Three music label required a single company-wide solution to automate calculations and ensure accurate prediction of future royalties based on historical performance and insights collected from external data.

Our client, a global leader in music entertainment, faced challenges in managing royalties for a diverse array of artists due to inefficient, error-prone semi-automated processes. To address this, they entered into a partnership with Astea Solutions to develop a sophisticated royalties calculation engine. Astea Solutions’ data science engineering team created a robust, scalable engine capable of aggregating vast amounts of data from numerous sources and livestream service providers, performing complex distributed calculations, and storing processed data in a new data warehouse for future analysis. This collaboration significantly enhanced the client’s royalty management process, marking a major milestone in their internal transformation efforts.

The collaboration between Astea Solutions and the client resulted in the successful deployment of an advanced royalties calculation engine, revolutionizing the royalty management process. Key outcomes included:

• Enhanced royalties calculation: Automation of complex royalty computations reduced errors and improved efficiency.
• Extensive data processing: Integration and processing of vast sales data from multiple sources using advanced ETL mechanisms ensured high-quality input.
• Machine learning integration: Predictive models training, validation and analytics improved the accuracy of royalty forecasts and financial planning.
• Real-Time forecasting: Development of machine learning models to process semi-real-time listener activity data from large online streaming platforms, forecasting future artist performance in terms of sales.
• Advanced algorithms: Sequential pattern mining and multilayer perceptron enhanced trend analysis and royalty predictions.
• Data standards support: Compatibility with industry-standard identifiers and protocols ensured seamless data exchange and interoperability.
• Centralized data warehouse: A new data warehouse facilitated advanced analytics and reporting.
• User interface and reporting tools: An intuitive interface and comprehensive tools provided transparency and detailed insights into royalty calculations.

This project significantly transformed the client’s royalty management, streamlining operations and laying a strong foundation for future growth and innovation.