Tracking music revenue is notoriously complex for labels, publishers, business managers and their artists. Information often lives in silos across distributors, platforms, and collection societies. With multiple revenue sources generating streams and sales data, managing this information efficiently can seem impossible.
Or as Annabella Coldrick, CEO of Music Managers Forum (MMF) put it,
“[I]f the global music publishing business were a house, its plumbing would be the leakiest, most bizarre, inefficient and complicated imaginable. The research indicates that it’s here, within the structures of the industry, that a huge proportion of value is leaking away.”
Poor music revenue tracking has real consequences. Artists and labels can miss out on income they’ve rightfully earned due to delayed reports or missing data. One analysis of the industry estimated that more than 20% of song streaming royalties globally may go missing or unpaid because of these complex systems and data mismatches.
At Tone, we understand this all too well, which is why we continue to develop tools that improve music revenue tracking and sales processing. Our royalties management platform helps labels process, manage, distribute, and pay out music royalties income. We know messy data leads to inaccurate royalty calculations–and successfully managing royalties starts with understanding and standardizing all sales inputs. Even if you aren’t processing royalties, accurately tracking and visualizing your artists’ revenue is invaluable.
That’s why we are excited about Revenue Tracking – our standalone suite of tools that will help you manage your income sources, track your revenue and analyze sales insights.
Ready for a tool to help you track and visualize your sales over time? We got you.
Revenue Tracking in Tone
Our Revenue Tracking offers a focused solution for detailed sales analysis without the commitment to a full royalties system. This suite of tools encompasses key features from our royalties management platform–catered directly to your specific needs.
Key Features of Revenue Tracking
Automated Data Aggregation:
Revenue Tracking pulls in revenue data from multiple sources into one unified dashboard. Just upload your files and Tone merges and normalizes your data so that all your sales figures appear in a single view. This saves countless hours and ensures that no revenue source is overlooked – streaming, downloads, sync fees, performance royalties and more can all be tracked in one place. Tone will even convert all sales data to your home currency.
Timely Sales Insights:
With Tone, your team gets fast processing times and up-to-date analytics on earnings for each artist, track, platform and territory. Want to keep a view of your sales data all year round, instead of just during royalties season? Once you upload, Tone can process them immediately. Meaning you can see analytics, visualize sales data and start making more informed decisions immediately.
Error Identification & Reconciliation:
This tool intelligently flags discrepancies and missing entries, helping catch revenue that might otherwise slip through. By spotlighting anomalies, Tone enables your label to investigate and resolve issues before they become lost revenue. It essentially acts as a safety net, automatically checking that all reported data is accurate and complete.
Customizable Visual Data Tools:
Beyond raw numbers, we provide visualizations and reporting tools that make it easier to understand and present the data. If you are a business manager, say goodbye to excel and pivot tables, and start generating custom reports or dashboards for your next revenue review meeting. Our interactive charts and graphs help translate the sea of numbers into clear trends and actionable insights. This empowers you and your team to forecast future earnings, set realistic goals, and communicate financial trends to artists and stakeholders in a digestible way.
Seamless Team Collaboration:
Our cloud-based system allows different team members – your label owners, accountants, managers, and artists themselves – to access the information they need with appropriate permissions. Instead of requesting a spreadsheet from the label or waiting on an emailed report, everyone can log into the platform and see real-time updates. This transparency ensures that all stakeholders are on the same page.
By addressing data fragmentation, delays, errors, and accessibility, our Revenue Tracking suite of tools will transform your workflow. It turns what was once a tedious, error-prone process into a streamlined, collaborative, and insightful experience.
In an industry where margins can be thin and every source of income counts, having a reliable system for tracking music revenue is crucial. If you’re ready to take our Revenue Tracking Tool for a spin – send our Sales Team a note or book a demo here.
