RoyaltyShare, a premier provider of technology solutions to the entertainment industry announced that its Digital Advantage service now features full support for UK Record Labels to process mechanical royalties owed to the Mechanical-Copyright Protection Society (MCPS). With the addition of MCPS reporting, the Digital Advantage service now supports all of a UK label’s royalty reporting needs while providing detailed analytics to support their business.
As the primary royalty collection society in the UK, MCPS, a component of PRS for Music in the UK, collects and pays mechanical royalties to its music publisher and songwriter members whenever one of their recordings is reproduced onto any format and distributed to the public, performed or played in public, broadcast or made available online. UK-based record labels are responsible for reporting mechanical royalties to MCPS through statements that identify the number of physical units sold over a specific period.
“By creating an automated process for reporting mechanical royalties to MCPS, RoyaltyShare is continuing to simplify royalty accounting for record labels in the UK,” said Paul Clements, MCPS Director of Licensing. We look forward to working with RoyaltyShare to enable the streamlined processing and payment of mechanical royalties for our members.”