New RoyaltyShare Service Helps Agency Model Publishers Validate eBook Sales Pricing Compliance
(Press Release) SAN DIEGO – November 2, 2010 – RoyaltyShare, Inc., a leading provider of digital revenue management and reporting solutions, today announced the launch of Sales Feed Price Validation, an important enhancement to its industry leading Digital Advantage for eBooks™ platform. This new module provides book publishers with a crucial tool for identifying and managing transactions in which the actual sale price reported by retail agents is not in accordance with the price set by the publisher, potentially saving tens of thousands of dollars in lost revenue and preventing downstream reporting errors. Book publishers distributing eBooks under the retail model may also use the tool to validate that e-retailers are using the proper suggested retail selling price established by the publisher, an important mechanism for assuring proper payment from e-retailers.
“Book publishers are facing a variety of complex data management issues resulting from the rapid growth of eBooks sales, particularly with the advent of the agency model,” said Bob Kohn, Chairman and CEO, RoyaltyShare, Inc. “We worked closely with Hachette in the creation of this price validation feature as they were among the first publishers to clearly articulate an urgent need for an automated solution to identify and manage pricing errors in sales reports.”
RoyaltyShare’s Digital Advantage for eBooks, which was launched earlier this year, offers publishers a proven solution for dealing with large, complex digital revenue streams from dozens of eBook retailers. The solution builds upon the company’s years of experience serving record labels and distributors in the music industry for whom RoyaltyShare has processed billions of music download and streaming transactions wherever in the world they occur.
The Digital Advantage service delivers substantial cost savings while increasing the accuracy and transparency of digital revenue data. The platform currently supports the revenue data feeds from over 30 digital retailers and distributors worldwide, supporting both the agency and retail model, including Amazon (Kindle, Audible, CreateSpace and AmazonMP3), Apple (iBookStore, AppStore, and iTunes), Barnes & Noble, Sony, Kobo, Ingram Digital, Ingram Lightning Source, Overdrive, and others.