SOURCE: Crunch Digital

July 06, 2011 13:30 ET

BMG Chrysalis Selects Crunch Digital

Crunch Digital PDX Service to Provide Data Management and Payment Services

LOS ANGELES, CA--(Marketwire - Jul 6, 2011) - Crunch Digital™ today announced that BMG Chrysalis has selected Crunch's PDX Service to utilize its data management services for selected cloud and Internet streaming music services. BMG Chrysalis' catalog features over 300,000 songs including titles from Chrysalis Group, Cherry Lane Music Publishing, Crosstown Songs, Stage Three Music and Evergreen Copyrights.

As rightsholders prepare to meet challenges with data exchange and royalty collection for licensed music services, Crunch Digital's PDX Service™ consolidates the data flow for music content, usage reporting and payments to music publishers.

"Crunch Digital brings an innovative approach to the problems we face with reporting and royalty accounting from digital services," stated Laurent Hubert, EVP, COO - North America of BMG Chrysalis. "As we continue building our first-class repertoire, the PDX Service will help us manage our data and collect on cloud and other digital music royalties."

"Early in our discussions, BMG Chrysalis recognized the value of the PDX Service," said Keith Bernstein, Crunch Digital's CEO. "With their rapid expansion, it makes it easier for them to use PDX as a controlled metadata delivery tool for digital services and provides transparency into exploitation of their catalog."

The PDX Service features include:

  • Centralized Data Management - Crunch Digital interoperates with each publisher client and delivers song information to licensed service providers
  • Usage Reporting - Crunch Digital captures song usage for accurate reporting
  • Statements - Crunch Digital can render statements based on usage and licensed deal terms

About BMG Chrysalis
www.bmgchrysalis.com
BMG is an international group of music companies focused on the management of music rights. BMG covers the entire range of rights administration, development, and exploitation, placing the needs of songwriters and artists at the core of its business model. Since its founding in 2008, BMG has established a presence in eight core music markets and represents the rights of more than 300,000 songs and recordings including Crosstown Songs, Cherry Lane Music Publishing Inc., Stage Three Music, Evergreen Copyrights, and Chrysalis plc as well as signed a number of prominent artists and songwriters. BMG is a joint venture between the international media company Bertelsmann and Kohlberg Kravis Roberts & Co., a leading global alternative asset manager. The company was renamed BMG Chrysalis in the United States, United Kingdom and Sweden following the acquisition of Chrysalis plc.

About Crunch Digital
www.crunchdigital.com
Crunch Digital™ is a suite of products and services created in conjunction with Royalty Review Council, who specialize in financial consulting services including digital royalty audits and royalty accounting for media and entertainment companies. The company works with major and independent record labels, music publishers, book publishers, content publishers, film & television studios and video game distributors. Crunch Digital helps fuel higher revenue through business intelligence and helps reduce operating costs by streamlining workflows.

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